Rotary Foundation Of Longview
- Assets
- $178.7k
- Revenue
- $58.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Longview, WA
- Founding
- 10/1979
- Data as of
- 06/2023
- EIN
- 91-1079032
Organization Overview
Rotary Foundation Of Longview is located in Longview, WA. The organization was established in 1979. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Foundation Of Longview 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, Rotary Foundation Of Longview generated $58.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $84.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS THE CHARITABLE PART OF THE LONGVIEW ROTARY CLUB. AS SUCH, THIS ORGANIZATION IS IN CHARGE OF IDENTIFYING LOCAL, NATIONAL AND INTERNATIONAL CHARTIABLE NEEDS OF THE COMMUNITIES, AND TO PROVIDE FUNDS FOR THOSE COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL GRADUATES FOR FURTHERING THEIR EDUCATION AT A COLLEGE OF THEIR CHOICE. THE SCHOLARSHIPS ARE FOR GRADUATING STUDENTS WHO HAVE APPLIED FOR CONSIDERATION FOR A SCHOLARSHIP AND WHO WERE SELECTED BY THE ORGANIZATION'S SCHOLARSHIP COMMITTEE.
THE OTHER PROGRAM ACCOMPLISHMENTS INCLUDE PROVIDING TRACK SPORTING EQUIPMENT FOR A LOCAL HIGH SCHOOL, SUPPORT FOR A DRUG COURT, FUNDS FOR A SCHOOL GARDEN PROGRAM OR ELEMENTARY SCHOOLS, FUNDS FOR A PROJECT TEAM FOR A HIGH SCHOOL PROGRAM, FUNDING FOR A CHILDREN'S CONCERT BY OUR SYMPHONY ORCHESTRA.
THE LITERACY PROJECT IS TO PROVIDE OPPORTUNITIES IN OUR LOCAL COMMUNITY FOR ENHANCING LITERACY FOR OUR YOUTH. THIS INCLUDES PROVIDING A CHILDREN'S AFTER SCHOOL THEATER, BOOKS TO THE LOCAL ELEMENTARY SCHOOL LIBRARIES EACH WEEK.
MAJOR PROJECT FOR THE LOCAL COMMUNITY EACH YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Bandy-Heitz Director | Trustee | 1 | $0 |
Robert Beal Director | Trustee | 1 | $0 |
David Minthorn Director | Trustee | 1 | $0 |
Francis Naglich Director | Trustee | 1 | $0 |
Bill Ofstun Director | Trustee | 1 | $0 |
Ray Sabino Director | 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 | $6,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,436 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51,643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,009 |
| 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 | $0 |
| 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 | $0 |
| 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 | $294 |
| Total functional expenses | $84,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,775 |
| 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 | $945 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,992 |
| Total assets | $178,712 |
| Accounts payable and accrued expenses | $9,931 |
| 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 | $9,931 |
| Net assets without donor restrictions | $82,147 |
| Net assets with donor restrictions | $86,634 |
| 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 | $178,712 |