Spokane Rotary Foundation

Organization Overview

Spokane Rotary Foundation is located in Spokane, WA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Spokane 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 06/2024, Spokane Rotary Foundation generated $135.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $108.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

SPOKANE ROTARY FOUNDATION ACCEPTS CONTRIBUTIONS AND THEN INVESTS AND MANAGES THESE CONTRIBUTIONS IN PERPETUITY. A PERCENTAGE OF THE FAIR MARKET VALUE (3 YEAR AVERAGE)IS DISTRIBUTED TO ROTARY COMMUNITY SERVICES, INC.ON A QUARTERLY BASIS. ROTARY COMMUNITY SERVICES, INC. THEN DISTRIBUTES THE MONEY THROUGH ITS CHARITABLE COMMITTEES INCLUDING YOUTH SERVICES, DISABILITIES, CIVIC AFFAIRS, VOCATIONAL SERVICES (INCLUDING SCHOLARSHIPS) AND INTERNATIONAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION MAINTAINS AN ENDOWMENT WHICH IS INVESTED TO EARN A RETURN WHICH IS DISTRIBUTED TO ROTARY COMMUNITY SERVICES, INC FOR DISTRIBUTION BY THEIR COMMITTEES WHICH INCLUDE YOUTH SERVICES, DISABILITIES, CIVIC AFFAIRS, VOCATIONAL SERVICES INCLUDING SCHOLARSHIPS, AND INTERNATIONAL SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Jack Reeves
President
$0
William Papesh
Vice Preside
$0
Thomas M Patrick
Secretary /t
$0
Kyle Weir
Trustee
$0
Mark Sonderen
Trustee
$0
Robin Corkery
Trustee
$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$22,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,500
Total Program Service Revenue$0
Investment income $67,188
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $45,513
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $135,201

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