Lake Oswego Rotary Foundation Inc
- Assets
- $306.0k
- Revenue
- $446.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- 10/1989
- Data as of
- 09/2022
- EIN
- 93-1000938
Organization Overview
Lake Oswego Rotary Foundation Inc is located in Lake Oswego, OR. The organization was established in 1989. 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. Lake Oswego 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 09/2022, Lake Oswego Rotary Foundation Inc generated $446.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $323.2k during the year ending 09/2022. While expenses have increased by 15.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LO ROTARY FOUNDATIONS MISSION IS TO FURTHER THE HUMANITARIAN GOALS OFROTARY INTERNATIONAL BY GENERATING FUNDS FOR SCHOLARSHIP AND GRANTS AND PROVIDINGMATERIALS TO IMPROVE THE LIVES OF THOSE IN NEED WITHIN THE LOCAL COMMUNITY ANDSUPPORTING SELECTED ROTARY PROJECTS WW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR LAKEWOOD CENTER FOR THE ARTS, A COMMUNITY MULTI-ARTS THEATRE FACILITY WHOSE GOALS INCLUDE THE SPONSORSHIP AND COORDINATION OF EDUCATION AND CULTURAL PROGRAMMING IN VISUAL ARTS, THEATRE AND COMMUNITY EVENTS.
SUPPORT OF YOUTH SERVICES INCLUDING DICTIONARIES FOR ALL LAKE OSWEGO 3RD GRADERS, ROTARY YOUTH LEADERSHIP AWARDS, PROVIDE OPPORTUNITY AND FUNDS FOR STUDENTS TO ATTEND WORLD AFFAIRS SEMINAR, INTERNATIONAL YOUTH EXCHANGE ACTIVITIES, SUPPORT OF HIGH SCHOOL INTEREACT ACTIVITIES, 7 SCHOLARSHIPS AWARDED TO HIGH SCHOOL SENIORS AWARDED, SERVICE ABOVE SELF EXCELLENCE IN EDUCATIONAL AWARDS - RECOGNIZE A COMMUNITY OF DEDICATED CITIZENS, EDUCATORS AND STUDENTS WHO CONTRIBUTE TO OTHERS AND TO EDUCATION, MANY OTHER ACTIVITIES.
SUPPORT OF INTERNATIONAL PROJECTS IN CENTRAL AND SOUTH AMERICA, AFRICA AND THE MIDDLE EAST. PROJECTS INCLUDE SUPPORT FOR BUILDING SCHOOLS AND EDUCATIONAL INFRATRUCTURE, SANITATION & WATER PROJECTS, SUPPORTING GIRLS & WOMEN BY PROVIDING ACCESS TO EDUCATION, SUPPORT WITH RESPONSE TO NATURAL DISASTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thimmappa Anekonda Director | Trustee | 5 | $0 |
Ron Herring Tresurer | Trustee | 5 | $0 |
Lloyd Hill Director | Trustee | 5 | $0 |
Lal Bhatia Director | Trustee | 5 | $0 |
Kevin Costello Director | Trustee | 5 | $0 |
Mark Birge Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $399,260 |
| Related organizations | $10,950 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,099 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| 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 | $23,974 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,101 |
| Grants and other assistance to domestic individuals. | $26,332 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,731 |
| 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 | $151,191 |
| 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 | $0 |
| Total functional expenses | $323,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,329 |
| Savings and temporary cash investments | $88,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,460 |
| 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 | $39,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,034 |
| Accounts payable and accrued expenses | $14,152 |
| 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 | $14,152 |
| 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 | $291,882 |
| Total liabilities and net assets/fund balances | $306,034 |