Gig Harbor Rotary Foundation
- Assets
- $3.5m
- Revenue
- $174.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 11/2017
- Data as of
- 06/2023
- 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 06/2023, Gig Harbor Rotary Foundation generated $174.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $148.0k 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
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 WERE PROVIDED TO PROVIDE EDUCATIONAL SUPPORT FOR STUDENTS FROM THE PENINSULA SCHOOL DISTRICT. IN THE CURRENT YEAR THIS INCLUDED 16 GRANTS FOR HIGH SCHOOL AND COLLEGE STUDENTS. ONE SCHOLARSHIP WAS ALSO AWARDED TO AN INDIVIDUAL RELEASED FROM THE WASHINGTON CORRECTIONS CENTER FOR WOMEN, LOCATED IN GIG HARBOR, WHO IS ENROLLED IN AN EDUCATIONAL PROGRAM.
EDUCATIONAL GRANTS WERE AWARDED TO ELEMENTARY SCHOOLS WITHIN THE PENINSULA SCHOOL DITRICT FOR DANCING CLASSROOMS PROGRAMS, AND FOR THE DOLLY PARTON IMAGINATION LIBRARY PROGRAM WHICH PROVIDES BOOKS TO CHILDREN AGES 0-5 WITHIN THE GIG HARBOR/KEY PENINSULA AREA, AS WELL AS THROUGHOUT THE NATION.
GRANTS WERE PROVIDED TO THE GIG HARBOR HISTORY MUSEUM FOR CAPITAL PROJECTS, AND TO TWO NON-PROFIT ORGANIZATIONS WHICH PROVIDE VARIOUS SERVICES FOR LOW INCOME AND OTHER INDIVIDUALS FOR THEIR CAPTIAL IMPROVEMENT PROJECTS ON THE KEY PENINSULA (MUSTARD SEED ADA RAMP AND KEY PENINSULA COMMUNITY SERVICES HVAC SYSTEM UPGRADE).
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 |
|---|---|---|---|
John Mitchell President | OfficerTrustee | 0.5 | $0 |
Ron Roberts Board Member | Trustee | 0.5 | $0 |
Tom Toerber Board Member | Trustee | 0.5 | $0 |
Debbie Wittmers Treasurer | OfficerTrustee | 0.5 | $0 |
Philip T Stanley Secretery | OfficerTrustee | 0.5 | $0 |
Tom Stanfeild 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 | $76,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,518 |
| Total Program Service Revenue | $0 |
| Investment income | $90,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,693 |
| Grants and other assistance to domestic individuals. | $59,456 |
| 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 | $6,048 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,656 |
| Fees for services: Other | $22 |
| Advertising and promotion | $0 |
| Office expenses | $614 |
| Information technology | $300 |
| 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 | $147,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,947 |
| 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 | $3,311,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,450,927 |
| 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 | $3,450,927 |
| Total liabilities and net assets/fund balances | $3,450,927 |
Grants Awarded
Over the last fiscal year, Gig Harbor Rotary Foundation has awarded $137,044 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS PURPOSE: GRANT TO ASSIST IN CONNECTING COMMUNITY SUPPORT WITH SCHOOLS | $5,000 |
SCHOLARSHIP AMERICA PURPOSE: TO FUND COLLEGE SCHOLARSHIPS FOR GRADUATING HIGH SENIORS OF THE PENINSULA SCHOOL DISTRICT | $125,010 |
TACOMA COMMUNITY COLLEGE PURPOSE: TO FUND WOMEN IN PRISON SCHOLARSHIPS | $4,288 |
EVERGREEN STATE COLLEGE PURPOSE: TO FUND PENINSULA SCHOOL DISTRICT SCHOLARSHIPS | $2,746 |