Madison Rotary Foundation
- Assets
- $16.5m
- Revenue
- $771.6k
- Investments
- $634.7k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/1942
- Data as of
- 06/2021
- 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 06/2021, Madison Rotary Foundation generated $771.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $760.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Madison Rotary Foundation has awarded 104 individual grants totaling $1,144,462. 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
2021
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
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.
COMMUNITY GRANTS PROGRAM - PROVIDES GRANTS TO ORGANTZATION SERVING INDIVIDUALS IN NEED. IN 2021, 46 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).
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. 48 STUDENTS RECEIVED AWARDS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Crim Vice President | OfficerTrustee | 1 | $0 |
Martha Vukelich-Austin President | OfficerTrustee | 1 | $0 |
Patricia Jenkins Secretary | Officer | 10 | $0 |
David Duchow Assistant Treasurer | Officer | 1 | $0 |
Joe Mcneil Treasurer | Officer | 1 | $0 |
Brian Basken 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 | $217,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,078 |
| Total Program Service Revenue | $0 |
| Investment income | $219,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $335,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $771,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $304,951 |
| Grants and other assistance to domestic individuals. | $338,988 |
| 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 | $55,127 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,907 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,810 |
| 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 | $1,443 |
| All other expenses | $11,980 |
| Total functional expenses | $760,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,282 |
| 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 | $15,655,722 |
| Investments—other securities | $634,746 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,471,750 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,149,194 |
| 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 | $1,149,194 |
| Net assets without donor restrictions | $2,622,200 |
| Net assets with donor restrictions | $12,700,356 |
| 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 | $16,471,750 |
Grants Awarded
Over the last fiscal year, Madison Rotary Foundation has awarded $160,040 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: BEHAVIORAL HEALTH SERVICES FOR UNINSURED CHILDREN | $10,000 |
Madison, WI PURPOSE: EMERGENCY ASSISTANCE TO PREVENT EVICTION | $10,000 |
Madison, WI PURPOSE: RENTAL AND TRANSPORTATION ASSISTANCE TO HELP FAMILIES EXPERIENCING HOMELESSNESS | $10,000 |
Madison, WI PURPOSE: SUPPORTING HEALTH BLACK FAMILIES WORKSHOP SUPPLIES AND RENTAL ASSISTANCE | $10,000 |
Madison, WI PURPOSE: EMERGENCY FUNDS FOR HOMELESS/NEAR HOMELESS FAMILIES | $9,000 |
Madison, WI PURPOSE: TOWARDS SERVICES AT THE BEACON HOMELESS DAY RESOURCE CENTER FOR ONE MONTH | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madison Rotary Foundation has recieved totaling $9,054.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,950 |
D L And L F Rikkers Family Foundation Inc Madison, WI PURPOSE: PROGRAM SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Endowment Analysis
| Beg. Balance | $11,244,362 |
| Earnings | $3,092,355 |
| Net Contributions | $80,608 |
| Grants | $463,061 |
| Ending Balance | $13,954,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rotary International Evanston, IL | $194,654,881 | $96,362,213 |
International Association Of Lions Clubs Oak Brook, IL | $209,434,392 | $68,740,162 |
Hunger Task Force Inc Milwaukee, WI | $33,494,491 | $39,896,159 |
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
International Association Of Lions Clubs Fridley, MN | $197,690 | $14,146,394 |
Peoples Resource Center Wheaton, IL | $11,624,824 | $14,489,395 |
Black Family Development Inc Detroit, MI | $6,518,578 | $15,660,429 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Center City Housing Corporation Duluth, MN | $35,739,418 | $8,813,039 |
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |