Gig Harbor Rotary Foundation
- Assets
- $3.8m
- Revenue
- $116.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 11/2017
- Data as of
- 06/2021
- EIN
- 91-1447031
Organization Overview
Gig Harbor Rotary Foundation is located in Gig Harbor, WA. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Gig Harbor Rotary 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 06/2021, Gig Harbor Rotary Foundation generated $116.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $105.3k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND AND SUPPORT CHARITABLE PROJECTS WITHIN OUR ROTARY CLUB'S AREAS OF SERVICE: EDUCATION, COMMUNITY, VOCATIONAL AND YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PROVIDE EDUCATIONAL SUPPORT FOR STUDENTS IN GIG HARBOR AND GREATER KEY PENINSULA AREA. IN THE CURRENT YEAR THIS INCLUDED SCHOLARSHIPS FOR 30 HIGH SCHOOL SENIORS AND COLLEGE STUDENTS, SCHOLARSHIPS FOR 3 WOMEN RELEASED FROM A LOCAL STATE PRISON AND PURSUING EDUCATION, AND A GRANT TO ASSIST IN PROVIDING DUST COLLECTORS FOR LOCAL HIGH SCHOOL SHOP CLASSES.
GRANTS TO HELP FUND A RED BARN EDUCATION AND SUPPORT PROGRAM FOR AT-RISK KEY PENINSULA 6TH THROUGH 12TH GRADERS TO PROVIDE EDUCATIONAL, HEALTH AND PERSONAL SUPPORT AND IMPROVE OPPORTUNITIES FOR THESE STUDENTS.
GRANTS TO SUPPORT THE CAPITAL NEEDS, REPAIR AND IMPROVEMENT, OF NON-PROFIT ORGANIZATIONS ENGAGED IN CHARITABLE AND EDUCATIONAL ACTIVITIES WITHIN GIG HARBOR AND KEY PENINSULA AREAS. GRANTS INCLUDED IMPROVEMENT OF LANDS FOR A LOCAL LAND CONSERVANCY AND CAPITAL NEEDS OF HISTORY SOCIETY, ALL TO BENEFIT ACCESS AND ECOLOGY, AND THE ADDITION OF PERMANENT INSTRUMENTS TO LOCAL PARK LANDS TO PROMOTE EXPOSURE AND OPPORTUNITY TO USE MUSICAL INSTRUMENTS AND FREEDOM OF EXPRESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Winslow First VP | OfficerTrustee | 0.5 | $0 |
Ed Lindstrom President | OfficerTrustee | 0.5 | $0 |
Scott Junge Second VP | OfficerTrustee | 0.5 | $0 |
Bob Draggoo Treasurer | OfficerTrustee | 0.5 | $0 |
Philip T Stanley Secretery | OfficerTrustee | 0.5 | $0 |
Dick Vanberg Board Member | Trustee | 0.5 | $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 | $14,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,316 |
| Total Program Service Revenue | $0 |
| Investment income | $10,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,374 |
| Grants and other assistance to domestic individuals. | $58,155 |
| 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 | $5,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,435 |
| Fees for services: Other | $372 |
| 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 | $0 |
| Total functional expenses | $105,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,710 |
| 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 | $173,343 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,462,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,834,422 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,834,422 |
| Total liabilities and net assets/fund balances | $3,834,422 |
Grants Awarded
Over the last fiscal year, Gig Harbor Rotary Foundation has awarded $137,044 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AMERICA PURPOSE: TO FUND COLLEGE SCHOLARSHIPS FOR GRADUATING HIGH SENIORS OF THE PENINSULA SCHOOL DISTRICT | $125,010 |
COMMUNITIES IN SCHOOLS PURPOSE: GRANT TO ASSIST IN CONNECTING COMMUNITY SUPPORT WITH SCHOOLS | $5,000 |
TACOMA COMMUNITY COLLEGE PURPOSE: TO FUND WOMEN IN PRISON SCHOLARSHIPS | $4,288 |
Olympia, WA PURPOSE: TO FUND PENINSULA SCHOOL DISTRICT SCHOLARSHIPS | $2,746 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gig Harbor Rotary Foundation has recieved totaling $162.
| Awarding Organization | Amount |
|---|---|
Mark & Mimi Jergens Foundation Victor, MT PURPOSE: MEMORIAL | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Endowment Analysis
| Beg. Balance | $1,806,812 |
| Earnings | $364,074 |
| Admin Expense | $11,587 |
| Net Contributions | $2,000 |
| Grants | $24,444 |
| Ending Balance | $2,136,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocf Joseph E Weston Public Foundation Portland, OR | $550,802,794 | $13,792,655 |
Henry M Jackson Endowment Seattle, WA | $0 | $1,040,136 |
Tsf Properties Seattle, WA | $7,170 | $6,678,409 |
Bridgeview Housing Vancouver, WA | $4,599,663 | $4,544,250 |
Coos Bay Rail Line Inc Coos Bay, OR | $1,080,981 | $4,330,336 |
Hollis Foundation Portland, OR | $88,968,365 | $14,360,180 |
Kissler Family Foundation Boise, ID | $24,629,151 | $1,164,740 |
Gray Family Foundation Portland, OR | $1,484,241 | $300,000 |
Community Roots Holding Foundation Seattle, WA | $1,111,043 | $1,434,819 |
4us Yelm, WA | $959,624 | $1,678,230 |
Sunrise Enterprises Foundation Roseburg, OR | $699,040 | $1,356,830 |
Bethel Community Services Foundation Inc Bethel, AK | $5,857,008 | $1,238,973 |