Loveland Rotary Club Foundation
- Assets
- $3.0m
- Revenue
- $237.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 84-6058583
Organization Overview
Loveland Rotary Club Foundation is located in Loveland, CO. The organization was established in 1984. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveland Rotary Club 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 12/2021, Loveland Rotary Club Foundation generated $237.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $166.1k during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Loveland Rotary Club Foundation has awarded 20 individual grants totaling $693,203. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE PHILANTHROPIC ACTIVITIES OF THE LOVELAND ROTARY CLUB BY CONTRIBUTING TO HEALTH, EDUCATION AND YOUTH PROJECTS IN THE COMMUNITY AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY YEAR THE FOUNDATION SELECTS A NUMBER OF HIGH SCHOOL SENIORS TO RECEIVE AN ACADEMIC SCHOLARSHIP FOR COLLEGE. ONCE SELECTED THE STUDENT RECEIVES THE PAYMENT EACH YEAR FOR 4 YEARS.
THE FOUNDATION PURCHASES DICTIONARIES, CHROME BOOKS, AND IPADS AND GIVES THEM TO GRADE SCHOOLS IN THE R2J SCHOOL DISTRICT.
THE FOUNDATION PROVIDES FUNDS FOR VARIOUS PROJECTS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Peterson Finance Officer | Trustee | 4 | $0 |
Charles Bouchard Trustee | Trustee | 2 | $0 |
John Curtis Trustee | Trustee | 2 | $0 |
Gary Small Trustee | Trustee | 2 | $0 |
John Kindschy Trustee | Trustee | 2 | $0 |
Phil Ashcroft Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,610 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,943 |
| Total Program Service Revenue | $0 |
| Investment income | $77,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,845 |
| Net Income from Fundraising Events | $8,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,431 |
| 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 | $12,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $416 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $166,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,996 |
| Savings and temporary cash investments | $0 |
| 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 | $2,852,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,805 |
| Total assets | $2,989,626 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,375,829 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,613,797 |
| Total liabilities and net assets/fund balances | $2,989,626 |
Grants Awarded
Over the last fiscal year, Loveland Rotary Club Foundation has awarded $98,431 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Loveland, CO PURPOSE: College Scholarship | $57,025 |
THOMPSON SCHOOL DISTRICT R2J PURPOSE: Education | $41,406 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Loveland Rotary Club Foundation has recieved totaling $92,661.
| Awarding Organization | Amount |
|---|---|
Food Bank For Larimer County Loveland, CO PURPOSE: Provide food and household goods to clients in need | $83,937 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $6,474 |
Harry T Thorson Foundation Mills, WY PURPOSE: CIVIC | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Project Angel Heart Denver, CO | $8,549,323 | $6,509,921 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Maria Droste Services Of Colorado Denver, CO | $1,126,032 | $2,807,216 |
T M M Family Services Inc Tucson, AZ | $11,217,566 | $2,379,578 |
Cherish Families Herriman, UT | $1,169,306 | $2,370,691 |
Crossroads Safehouse Incorporated Fort Collins, CO | $5,021,691 | $2,182,072 |
Mountain Resource Center Inc Conifer, CO | $1,853,830 | $1,599,556 |
Safenet Services Inc Claremore, OK | $6,182,600 | $1,197,565 |
Wickenburg Community Services Corporation Wickenburg, AZ | $4,806,769 | $1,301,742 |
Full Circle Of Lake County Inc Leadville, CO | $971,901 | $1,596,827 |
Crisis Center Manhattan, KS | $2,931,603 | $2,236,562 |