Shelton Skookum Rotary Club Foundation
- Assets
- $982.1k
- Revenue
- $43.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelton, WA
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 91-1653548
Organization Overview
Shelton Skookum Rotary Club Foundation is located in Shelton, WA. The organization was established in 1995. 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. Shelton Skookum Rotary Club 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 06/2022, Shelton Skookum Rotary Club Foundation generated $43.7k 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 (13.9%) each year. All expenses for the organization totaled $73.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO EXTEND THE SHELTON- SKOOKUM ROTARY CLUB'S ABILITY TO SERVE COMMUNITY, VOCATIONAL, EDUCATIONAL, AND INTERNATIONAL CHARITABLE PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR SCHOLASTIC PROGRAMS, ACADEMIC EXCELLENCE, LITERACY, RYLA, SCIENCE FAIR. PROVIDE SCHOLARSHIPS FOR STUDENTS TO INSTITUTES OF HIGHER LEARNING. THIRD PMT OF 5 YEAR PLEDGE TO BUILD SHELTON YMCA.
PROVIDE FUNDING FOR INTERNATIONAL PROGRAMS THROUGH ROTARY INTERNATIONAL. PROVIDE SANITATION AND SCHOOL SUPPLIES FOR SOUTH AFRICA YOUTH.
PROVIDE FUNDING FOR COMMUNITY PROGRAMS, INCLUDING SPELLEBRATION, MUSIC IN THE PARK, AND OTHER NON-PROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Welander President | Officer | 1 | $0 |
Dave Severied Treasurer | Officer | 1 | $0 |
Marty Crow Secretary | Officer | 1 | $0 |
Blase Gorny Vice President | Officer | 1 | $0 |
Candace Cahill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,645 |
| Investment income | $56,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,197 |
| Net Income from Fundraising Events | -$14,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,750 |
| 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 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 | $2,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,202 |
| 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 | $73,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $331,063 |
| 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 |
| Investments—publicly traded securities | $651,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $982,134 |
| 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 |
| Total liabilities and net assets/fund balances | $982,134 |
Grants Awarded
Over the last fiscal year, Shelton Skookum Rotary Club Foundation has awarded $15,975 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY FOUNDATION PURPOSE: AF,PF & Polio | $6,000 |
THE ROTARY FOUNDATION PURPOSE: District 5020 Grant | $9,975 |