Seattle Rotary Service Foundation
- Assets
- $1.9m
- Revenue
- $573.0k
- Investments
- $366.4k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/1941
- Data as of
- 06/2023
- EIN
- 91-0612120
Organization Overview
Seattle Rotary Service Foundation is located in Seattle, WA. The organization was established in 1941. 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. Seattle Rotary Service 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 06/2023, Seattle Rotary Service Foundation generated $573.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $499.8k during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 8 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, Seattle Rotary Service Foundation has awarded 82 individual grants totaling $1,915,851. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, STEWARD, AND DISTRIBUTE FUNDS IN SUPPORT OF THE ROTARY CLUB OF SEATTLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERADICATE MALARIA: SRSF WAS SELECTED BY THE BILL & MELINDA GATES FOUNDATION TO ACT AS THE FISCAL SPONSOR TO FACILITATE PROVIDING UP TO $750,000 IN MATCHING SUPPORT FOR ROTARY MALARIA PROJECTS, IN PARTNERSHIP WITH MALARIA PARTNERS INT'L, WHICH INCLUDE SUPPORTING COMMUNITY HEALTH WORKERS IN ZAMBIA, PROVIDING INDOOR MOSQUITO SPRAYING IN GHANA, AND PROVIDING MALARIA EDUCATION IN GAMBIA AND SENEGAL.
OTHER PROGRAMS: MUSIC4LIFE, CULTIVATE SOUTH PARK, ENVIRONMENTAL COALITION OF SOUTH SEATTLE, TINY TREES PRESCHOOL, ROTARY CLUB OF LIMBE, GLOBAL FOUNDATION FOR CHILDREN, IMAGINE SCHOLAR, ROTARY CLUB OF OKLAHOMA CITY, FEDERAL WAY ROTARY SERVICE FOUNDATION, UNIVERSITY ROTARY SERVICE FUND, ROTARY CLUB OF LOS ANGELES, REFUGEE WOMEN'S ALLIANCE, NORTHWEST MARITIME CENTER, HARVEST AGAINST HUNGER, AND SHELTER BOX USA.
ROTARY BOY'S & GIRLS CLUB: MISC PROJECTS, A NEW VAN & PROJECTS
EDUCATION SCHOLARSHIPS: SRSF, IN PARTNERSHIP WITH UNITED NEGRO COLLEGE FUND, PROVIDED SCHOLARSHIPS TO 12 STUDENTS IN FISCAL YEAR 2023. THE SESSIONS ARE FACILITATED BY EXPERTS ON TOPICS SUCH AS PREPARING THE COLLEGE ESSAY, COMPLETING SCHOLARSHIP APPLICATIONS AND FINANCIAL AID FORMS, HELPING STUDENTS SELECT THEIR TOP FIVE COLLEGES OF INTEREST, PREPARING FOR THE SAT, OBTAINING TRANSCRIPTS, AND DEVELOPING STUDENT RESUMES AND LETTERS OF RECOMMENDATION. EACH STUDENT MAKES A PRESENTATION OF THEIR COLLEGE PLANS, GOALS, AND THE CONTENTS OF THEIR PORTFOLIO. THEN, THE STUDENTS ARE PAIRED WITH MENTORS TO ASSIST THEM IN COMPLETING THEIR FINAL PRESENTATION AND PORTFOLIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kraft Past President | OfficerTrustee | 1 | $0 |
Sue Mcnab President | OfficerTrustee | 3 | $0 |
Candy J Lee Treasurer | OfficerTrustee | 4 | $0 |
Alvaro Jimenez Trustee | Trustee | 0.01 | $0 |
Laura Rehrmann Trustee | Trustee | 0.01 | $0 |
David Woodward Trustee | Trustee | 1 | $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 | $544,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,060 |
| Total Program Service Revenue | $0 |
| Investment income | $22,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $449,240 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,000 |
| 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 | $10,946 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,365 |
| Fees for services: Other | $1,781 |
| Advertising and promotion | $0 |
| Office expenses | $5,357 |
| Information technology | $1,048 |
| 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 | $2,313 |
| All other expenses | $0 |
| Total functional expenses | $499,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,182 |
| 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 | $1,234,199 |
| Investments—other securities | $366,420 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,103 |
| Total assets | $1,889,904 |
| 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 | $880,299 |
| Net assets with donor restrictions | $1,009,605 |
| 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 | $1,889,904 |
Grants Awarded
Over the last fiscal year, Seattle Rotary Service Foundation has awarded $408,300 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HARVEST AGAINST HUNGER PURPOSE: HARVEST AGAINST HUNGER | $15,000 |
GLOBAL FOUNDATION FOR CHILDREN PURPOSE: SAVE SILENT WORLD | $10,000 |
CULTIVATE SOUTH PARK PURPOSE: LAPTOPS FOR YOUTH AND ART CLASSES | $10,000 |
MALARIA PARTNERS INTERNATIONAL PURPOSE: MPI MALARIA MATCHING PROGRAM FINAL DISTRIBUTION | $228,250 |
REFUGEE WOMEN'S ALLIANCE PURPOSE: AFGHAN REFUGEES | $20,000 |
IMAGINE SCHOLAR PURPOSE: IMAGINE CAMPS | $6,550 |