Madison Rotary Foundation
- Assets
- $14.6m
- Revenue
- $1.3m
- Investments
- $505.8k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 93-0757050
Organization Overview
Madison Rotary Foundation is located in Madison, WI. The organization was established in 1942. 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. Madison 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 06/2022, Madison Rotary Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $811.5k during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Madison Rotary Foundation has awarded 111 individual grants totaling $1,206,271. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AWARD SCHOLARSHIPS TO STUDENTS AND GRANTS TO COMMUNITY CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS PROGRAM - PROVIDES GRANTS TO ORGANTZATION SERVING INDIVIDUALS IN NEED. IN 2022, 42 ORGANIZATIONS RECEIVED GRANTS FROM THE MADISON ROTARY FOUNDATION, AND EACH ORGANIZATION IS SERVING A NUMBER OF INDIVIDUALS IN NEED IN THE COMMUNITY (EACH ORGANIZATION NUMBER OF RECIPIENTS VARIES FROM 10 TO OVER 1,000).
SCHOLARSHIP PROGRAM - PROVIDES FOUR-YEAR COLLEGE SCHOLARSHIP ASSISTANCE TO HIGH SCHOOL SENIORS IN NEED OF FINANCIAL RESOURCES TO ATTEND COLLEGE. STUDENTS IN THE PROGRAM MUST SUBMIT AN OFFICIAL TRANSCRIPT FROM THEIR COLLEGE IN ORDER TO CONTINUE RECEIVING THE FINANCIAL ASSISTANCE, AND 25 STUDENTS ARE NAMED EACH YEAR.
YOUTH AWARDS PROGRAM - PROVIDES ONE-TIME AWARD AMOUNTS TO LOCAL HIGH SCHOOL STUDENTS FOR ACHIEVEMENTS DURING THE CURRENT YEAR OR DURING THEIR HIGH SCHOOL YEARS. ALL OF THE FUNDS PROVIDED THROUGH THESE PROGRAMS PROVIDE 100% TO RECIPIENTS/ORGANIZATIONS. 49 STUDENTS RECEIVED AWARDS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Dittmann Vice President | OfficerTrustee | 1 | $0 |
Brian Basken Trustee | Trustee | 1 | $0 |
Mike Gotzler Trustee | Trustee | 1 | $0 |
Charles Tubbs Trustee | Trustee | 1 | $0 |
Andrea Kaminski Trustee | Trustee | 1 | $0 |
Sandy Morales Trustee | Trustee | 1 | $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 | $396,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,009 |
| Total Program Service Revenue | $0 |
| Investment income | $176,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $686,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,258,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $358,995 |
| Grants and other assistance to domestic individuals. | $334,736 |
| 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 | $58,045 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,865 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,066 |
| 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 | $1,519 |
| All other expenses | $4,946 |
| Total functional expenses | $811,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,380 |
| 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 | $13,899,434 |
| Investments—other securities | $505,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,566,656 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,207,017 |
| 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 | $1,207,017 |
| Net assets without donor restrictions | $2,304,879 |
| Net assets with donor restrictions | $11,054,760 |
| 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 | $14,566,656 |
Grants Awarded
Over the last fiscal year, Madison Rotary Foundation has awarded $126,071 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY SERVICE MADISON PURPOSE: TRAUMA INFORMED THERAPY PROGRAM | $8,346 |
VERA COURT NEIGHBORHOOD CENTER INC PURPOSE: NUTRITIOUS MEALS FOR CHILDREN AND TEEN PROGRAM AT BLW CENTER | $5,615 |
BRIARPATCH YOUTH SERVICES INC PURPOSE: SHELTER AND COUNSELING FOR HOMELESS YOUTH | $7,425 |
THE ROAD HOME DANE COUNTY PURPOSE: RENTAL AND TRANSPORTATION ASSISTANCE FOR HOMELESS FAMILIES | $8,769 |
CATHOLIC CHARITIES OF MADISON PURPOSE: MENTAL HEALTH RESOURCES FOR LOW INCOME, UNINSURED STUDENTS | $8,154 |
PORCHLIGHT PURPOSE: EMERGENCY FUNDING ASSISTANCE | $9,654 |