Rotary Foundation Of The South Puget Sound Rotary Club
- Assets
- $372.3k
- Revenue
- $10.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 91-1911710
Organization Overview
Rotary Foundation Of The South Puget Sound Rotary Club is located in Olympia, WA. The organization was established in 1999. 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. Rotary Foundation Of The South Puget Sound Rotary Club 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, Rotary Foundation Of The South Puget Sound Rotary Club generated $10.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $19.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTED LOCAL, NATIONAL, AND INTERNATIONAL PROJECTS THROUGH DONATIONS OF CASH TO QUALIFIED TAX-EXEMPT ORGANIZATIONS. AWARDED ASCHOLARSHIPS THROUGH QUALIFIED COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED LOCAL, NATIONAL, AND INTERNATIONAL ORGANIZATIONS THROUGH DONATIONS OF CASH TO QUALIFIED TAX-EXEMPT ORGANIZATIONS.
SUPPORTED LOCAL, NATIONAL, AND INTERNATIONAL ORGANIZATIONS THROUGH DONATIONS OF CASH TO QUALIFIED TAX-EXEMPT ORGANIZATIONS.
SCHOLARSHIPS ARE AWARDED THROUGH QUALIFIED COLLEGES AND UNIVERSITES
SCHOLARSHIPS ARE AWARDED THROUGH QUALIFIED COLLEGES AND UNIVERSITES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Bankers President | 1 | $0 | |
Keith Looker Treasurer | 1 | $0 | |
Bill Clem Director | 1 | $0 | |
Gary Stoskopf Director | 1 | $0 | |
Robert Lovely Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,245 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,985 |
| Total Revenue | $10,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,488 |
| Total operating and administrative expenses | $5,488 |
| Contributions, gifts, grants paid | $14,408 |
| Total expenses and disbursements | $19,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,313 |
| Savings and temporary cash investments | $290,979 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $372,292 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $12,553 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,553 |
Grants Awarded
Over the last fiscal year, Rotary Foundation Of The South Puget Sound Rotary Club has awarded $79,504 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SENIOR SERVICES PURPOSE: Community support | $23,917 |
WEST OLYMPIA ROTARY FDN PURPOSE: charitable works | $15,835 |
SENIOR SERVICES PURPOSE: Community support | $23,917 |
WEST OLYMPIA ROTARY FDN PURPOSE: charitable works | $15,835 |