Seaside Rotary Foundation Inc
- Assets
- $1.0m
- Revenue
- $111.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seaside, OR
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 93-0810920
Organization Overview
Seaside Rotary Foundation Inc is located in Seaside, OR. The organization was established in 1983. 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. Seaside Rotary Foundation Inc 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, Seaside Rotary Foundation Inc generated $111.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $51.8k 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
SERVICE TO THE COMMUNITY-BOTH LOCAL AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PROJECTS, BOTH LOCAL AND INTERNATIONAL, SUCH AS, CHEMICAL FREE GRADUATION PARTY, SEASIDE HIGH SCHOOL, INTERNATIONALLY FUNDED PROJECTS AROUND THE WORLD THROUGH ROTARY INTERNATIONAL, CHRISTMAS GIFTS FOR UNDERPRIVILEGED CHILDREN IN OUR LOCAL COMMUNITY, DICTIONARIES FOR ALL 4TH GRADERS IN THE AREA, ASSISTANCE TO SENIOR CITIZENS, FUNDS FOR LOCAL CITY PARKS, SEASIDE PROVIDENCE HOSPITAL, DENTAL VANS, ET AL.
SCHOLARSHIPS AWARDED TO HIGH SCHOOL SENIORS AND COLLEGE STUDENTS FOR TUITION TO CONTINUE ON WITH THEIR EDUCATION. HIGH SCHOOL GRADUATES AND POST GRADUATE SCHOLARSHIPS ARE AWARDED THROUGH AN APPLICATION PROCESS BASED ON WEITTEN CRITERIA.
YOUTH EXCHANGE PROGRAM: TO COVER COSTS OF SENDING OUT 1 OR 2 STUDENTS FROM THE LOCAL HIGH SCHOOL TO LIVE AND ATTEND SCHOOL FOR A YEAR IN FOREIGN NATIONS AND TAKING CARE OF ONE OR TWO FOREIGN STUDENTS WHO ATTEND THE LOCAL HIGH SCHOOL AND LIVE WITH LOCAL FAMILIES FOR ONE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Martin Director | Trustee | 2 | $0 |
Mark Winstanley Director | Trustee | 1 | $0 |
Sandra Mcdowall Director | Trustee | 1 | $0 |
Skyler Archibald Director | Trustee | 2 | $0 |
Brian Owen Club Liaison | Trustee | 1 | $0 |
Dawn Fujiwara-Pavlik Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,451 |
| Related organizations | $0 |
| Government grants | $20,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,025 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,124 |
| Total Program Service Revenue | $0 |
| Investment income | $30,125 |
| 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 | $111,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $3,864 |
| Total functional expenses | $51,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,484 |
| Savings and temporary cash investments | $114,812 |
| Pledges and grants receivable | $13,300 |
| 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 | $849,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,008,155 |
| Accounts payable and accrued expenses | $1,029 |
| 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 | $1,029 |
| Net assets without donor restrictions | $121,642 |
| Net assets with donor restrictions | $885,484 |
| 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 | $1,008,155 |