Las Vegas Rotary Foundation Inc
- Assets
- $3.1m
- Revenue
- $540.7k
- Investments
- $106.3k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 01/1999
- Data as of
- 06/2022
- EIN
- 88-0403571
Organization Overview
Las Vegas Rotary Foundation Inc is located in Las Vegas, NV. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas Rotary Foundation Inc 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, Las Vegas Rotary Foundation Inc generated $540.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $259.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Las Vegas Rotary Foundation Inc has awarded 38 individual grants totaling $690,878. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAS VEGAS ROTARY FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION THAT RAISES AND MANAGES FUNDS FOR THE BENEFIT OF THE COMMUNITY IN WHICH IT RESIDES. THESE FUNDS ENHANCE THE QUALITY OF LIFE THROUGH THE MISSION OBJECTIVES OF EDUCATION AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES - TO PROVIDE DONATIONS TO LAS VEGAS AREA CHARITIES THAT ASSIST WITH THE WELFARE OF UNDERPRIVELEGED YOUTH.
SANTA CLOTHES - PURCHASE CLOTHING FOR UNDERPRIVELEGED YOUTH.
SPREAD THE WORD NEVADA & TOGETHER WE READ PROGRAM - BOTH ADVANCING CHILDHOOD LITERACY THROUGH BOOK DONATIONS IN LOW-INCOME COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Vause President | OfficerTrustee | 2 | $0 |
Bill Stieren Vice Preside | OfficerTrustee | 2 | $0 |
James Kohl Secretary | OfficerTrustee | 2 | $0 |
Pete Samuolis Treasurer | OfficerTrustee | 2 | $0 |
Bob Werner Immed Past P | Trustee | 2 | $0 |
Dan Adamson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,029 |
| Total Program Service Revenue | $0 |
| Investment income | $52,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,164 |
| Net Income from Fundraising Events | $15,858 |
| Net Income from Gaming Activities | $6,239 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,418 |
| Grants and other assistance to domestic individuals. | $81,758 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,295 |
| 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 | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,603 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $266 |
| 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 | $259,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,056 |
| Savings and temporary cash investments | $243,422 |
| 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 | $2,597,110 |
| Investments—other securities | $106,284 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,866 |
| Total assets | $3,107,738 |
| Accounts payable and accrued expenses | $24,317 |
| 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 | $63,901 |
| Total liabilities | $88,218 |
| Net assets without donor restrictions | $2,779,746 |
| Net assets with donor restrictions | $239,774 |
| 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 | $3,107,738 |
Grants Awarded
Over the last fiscal year, Las Vegas Rotary Foundation Inc has awarded $84,918 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC EDUCATION FOUNDATION PURPOSE: COMMUNITY SERVICES | $12,435 |
ROTARY DISTRICT 5300 PURPOSE: COMMTY & INTL SERVCS | $26,125 |
SALVATION ARMY PURPOSE: FOOD DRIVE | $13,358 |
SPREAD THE WORD NEVADA PURPOSE: COMMUNITY SERVICES | $27,000 |
FOUNDATION FOR AN INDEPENDENTTOMORROW | | | $6,000 |