Silverdale Rotary Club Foundation
- Assets
- $383.4k
- Revenue
- $96.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Silverdale, WA
- Founding
- 08/1995
- Data as of
- 06/2024
- EIN
- 91-1682373
Organization Overview
Silverdale Rotary Club Foundation is located in Silverdale, WA. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silverdale 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 06/2024, Silverdale Rotary Club Foundation generated $96.7k 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 (3.7%) each year. All expenses for the organization totaled $92.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY, INTERNATIONAL AND VOCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES - FINANCIAL SUPPORT OF LOCAL CHARITIES. MEMBERS ALSO PROVIDE SERVICES, VOLUNTEER LABOR AND SUPPLIES FOR LOCAL SERVICE PROJECTS.
YOUTH AND VOCATIONAL SERVICES - PROVIDED SCHOLARSHIPS AND RECOGNITION TO LOCAL STUDENTS, TEACHERS AND MILITARY MEMBERS TO ENHANCE EDUCATIONAL OPPORTUNITIES AND PROMOTE COMMUNITY SERVICE.
INTERNATIONAL SERVICES - PROVIDED FINANACIAL SUPPORT TO INTERNATIONAL CHARITABLE PROJECTS TO PROMOTE INTERNATIONAL GOODWILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Beagle Secretary | OfficerTrustee | 5 | $0 |
Cathy Bisaillon Past Preside | OfficerTrustee | 2 | $0 |
Elayne Burton Treasurer | OfficerTrustee | 5 | $0 |
Glen Melin President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,224 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,120 |
| Noncash contributions included in lines 1a–1f | $56,637 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,344 |
| Total Program Service Revenue | $0 |
| Investment income | $10,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,159 |
| Net Income from Fundraising Events | $15,789 |
| Net Income from Gaming Activities | -$47,604 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,882 |
| Grants and other assistance to domestic individuals. | $11,000 |
| 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 | $2,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,159 |
| 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 | $0 |
| Total functional expenses | $92,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,461 |
| 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 | $301,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $383,395 |
| 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 | $383,395 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $383,395 |
Grants Awarded
Over the last fiscal year, Silverdale Rotary Club Foundation has awarded $15,487 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EAST BREMERTON ROTARY FOUNDATION PURPOSE: Provide free dictionaries to local students | $9,647 |
CENTRAL KITSAP FOOD BANK PURPOSE: Provide funds for food assistance to local residents in need | $5,840 |