Everett Rotary Youth Foundation
- Assets
- $5.3m
- Revenue
- $570.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Everett, WA
- Founding
- 01/1956
- Data as of
- 06/2022
- EIN
- 91-6032628
Organization Overview
Everett Rotary Youth Foundation is located in Everett, WA. The organization was established in 1956. 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. Everett Rotary Youth 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, Everett Rotary Youth Foundation generated $570.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.4m 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
TO PROMOTE, HONOR AND AWARD YOUTH IN THE EVERETT AREA, TO PROVIDE SCHOLARSHIPS FOR WORTHY EVERETT AREA STUDENTS, TO ENGAGE IN CHARITABLE WORK FOR THE BENEFIT OF THE EVERETT AREA AND SUPPORT ROTARY INTERNATIONAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS OF THE EVERETT SCHOOL DISTRICT AGB RESTRICTED SCHOLARSHIPS 100,000 OTHER ENDOWMENT SCHOLARSHIPS 36,500 PARTNER SCHOLARSHIPS 63,834 AVID/NEXT GENERATION SCHOLARSHIPS 30,000 SAUNDERS SCCHOLARSHIPS 36,000
UNREALIZED LOSS ON ENDOWMENT INVESTMENTS CREDIT CARD FEES FOR DONATIONS
NEXT GENERATION PROJECT 3,524
DIRECT CONTRIBUTIONS MADE TO YOUTH ORGANIZATIONS, OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES; ROTARY INTERNATIONAL FOR PAUL HARRIS FELLOWSHIPS: WORLD COMMUNITY SEVICE PROJECTS 21.000 LOCAL IMPACT COMMITTEE PROJECTS 15,000 PAUL HARRIS FELLOWSHIPS 29,181 EXCHANGE STUDENTS 0 SPEAKER GIFTS 2,500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Mcmahan Predient | OfficerTrustee | 1 | $0 |
Ana Marie Laurence Board Of Trustees | Trustee | 1 | $0 |
Eric Anderson Board Of Trustees | Trustee | 1 | $0 |
Richard Toyer Treasurer | OfficerTrustee | 5 | $0 |
Jeff Miccinhe Board Of Trustees | OfficerTrustee | 1 | $0 |
Steve Miller Board Of Trustees | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,963 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,779 |
| Total Program Service Revenue | $0 |
| Investment income | $363,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,205 |
| Grants and other assistance to domestic individuals. | $267,754 |
| 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 | $35,051 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,017,898 |
| Advertising and promotion | $0 |
| Office expenses | $4,004 |
| 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 | $1,948 |
| All other expenses | $0 |
| Total functional expenses | $1,397,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,040 |
| 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 | $5,034,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,251,251 |
| Accounts payable and accrued expenses | $1,280 |
| Grants payable | $580,702 |
| Deferred revenue | $61,074 |
| 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 | $643,056 |
| 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 | $4,608,195 |
| Total liabilities and net assets/fund balances | $5,251,251 |
Grants Awarded
Over the last fiscal year, Everett Rotary Youth Foundation has awarded $164,224 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC HOUSING SERVICES PURPOSE: HOUSING FIRST | $100,000 |
EVERETT PUBLIC SCHOOLS PURPOSE: PROGRAM ASSISTANCE | $64,224 |