Rotary Club Of Coatesville Foundation
- Assets
- $144.9k
- Revenue
- $221.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Coatesville, PA
- Founding
- 12/2019
- Data as of
- 06/2022
- EIN
- 84-3006019
Organization Overview
Rotary Club Of Coatesville Foundation is located in Coatesville, PA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Coatesville Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Rotary Club Of Coatesville Foundation generated $221.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $122.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ROTARY CLUB OF COATESVILLE FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO EDUCATIONAL AND CHARITABLE ORGANIZATIONS PRIMARILY IN THE COATESVILLE, PENNSYVANIA AREA. FINANCIAL SUPPORT MAY BE PROVIDED TO CHARITABLE ORGANIZATIONS OUTSIDE OF THE COATESVILLE, PENNSYLVANIA AREA AT THE DISCRETION OF THE ROTARY CLUB OF COATESVILLE FOUNDATION BOARD OF DIRECTORS. THE FOUNDATION HAS ASSUMED THE OPERATION OF THE ANNUAL LOCAL STRAWBERRY FESTIVAL FROM THE BRANDYWINE HEALTH FOUNDATION, COATESVILLE, PENNSYLVANIA. THE FESTIVAL IS HELD ANNUALLY AT THE END OF MAY. IN THE PAST, PROFITS FROM THE EVENT HAVE BEEN DONATED TO LOCAL CHARITIES OR NEEDY ORGANIZATIONS.THE FOUNDATION INTENDS TO CONTINUE THE PRACTICE. UNFORTUNATELY, DUE TO COVID, THE FESTIVALS FOR 2020 AND 2021 WERE CANCELLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES THE ANNUAL COMMUNITY STRAWBERRY FESTIVAL. A SIGNIFICANT AMOUNT OF THE SURPLUS IS TO BE CONTRIBUTED TO COMMUNITY ORGANIZATIONS. DUE TO COVID, THE STRAWBERRY FESTIVAL WAS NOT HELD IN 2020 OR 2021.
OPERATION OF THE STRAWBERRY FESTIVAL
OPERATION OF THE STRAWBERRY FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Krajewski Board Member | Trustee | $0 | |
Lindsay Myers Board Member | Trustee | $0 | |
Michael S Givler Ed D Treasurer | Officer | $0 | |
Samuel Slokom Secretary | Officer | $0 | |
William Wright Chairman | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199 |
| Total Program Service Revenue | $221,213 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,226 |
| Advertising and promotion | $11,028 |
| Office expenses | $220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,415 |
| All other expenses | $0 |
| Total functional expenses | $122,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,242 |
| Savings and temporary cash investments | $143,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,948 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $144,948 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $144,948 |