Molalla Rotary Foundation
- Assets
- $0.0
- Revenue
- $15.3k
- Investments
- $229.6k
- Employees
- 0
- Location
- Molalla, OR
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 93-0846953
Organization Overview
Molalla Rotary Foundation is located in Molalla, OR. The organization was established in 1984. 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. Molalla 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, Molalla Rotary Foundation generated $15.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $15.0k during the year ending 06/2021. While expenses have increased by 1.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE SCHOLARSHIP GRANTS TO MOLALLA UNION HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wally Walker Director | 1 | $0 | |
Ilene L Waldorf Treasurer | 3 | $0 | |
Mitch Magenheimer Director | 1 | $0 | |
Ed Stafford President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $14,397 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,430 |
| Contributions, gifts, grants paid | $11,584 |
| Total expenses and disbursements | $15,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,279 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Molalla Rotary Foundation has awarded $11,584 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON BEHRENDT PURPOSE: SCHOLARSHIP | $3,000 |
MARK GRANDLE PURPOSE: SCHOLARSHIP | $3,000 |
GRACE PETERSON PURPOSE: SCHOLARSHIP | $3,000 |
SOPHIE GRIFFITH PURPOSE: SCHOLARSHIP | $2,584 |
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