Portland Rotary Charitable Trust
- Assets
- $4.2m
- Revenue
- $236.0k
- Investments
- $40.0k
- Employees
- 0
- Location
- Portland, OR
- Founding
- 11/1951
- Data as of
- 06/2022
- EIN
- 93-6031284
Organization Overview
Portland Rotary Charitable Trust is located in Portland, OR. The organization was established in 1951. 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. Portland Rotary Charitable Trust 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, Portland Rotary Charitable Trust generated $236.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $327.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Portland Rotary Charitable Trust has awarded 76 individual grants totaling $989,146. 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
THE PORTLAND ROTARY CHARITABLE TRUST IS THE ENTITY BY WHICH THE ROTARY CLUB OF PORTLAND CARRIES OUT ITS PHILANTHROPIC ACTIVITIES IN BOTH THE LOCAL AND WORLD COMMUNITIES SERVICING PRIMARILY THE NEEDS OF YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEELS OF POWER PROGRAM PROVIDES FUNDS FOR DISBURSEMENT TO MOBILITY-CHALLENGED INDUVIDUALS AND ORGANIZATIONS THAT SUPPORT THEM.
WORLD COMMUNITY SERVICE PROJECTS PROGRAM PROVIDES FUNDS THAT ARE USED IN HUMANITARIAN PROJECTS IN PARTNERSHIP WITH OTHER CLUBS ABROAD.
COMMUNITY GRANTS PROGRAM PROVIDES FUNDS FOR DISBURSEMENT TO COMMUNITY ORGANIZATIONS THAT HAVE REQUESTED DONATIONS AND MEET THE ROTARY CLUB OF PORTLAND, OREGON ESTABLISHED CRITERIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skyler Howe Trustee | Officer | 40 | $20,750 |
Maggie Bolger President | OfficerTrustee | 1 | $0 |
Brian Dazey Vice President | OfficerTrustee | 1 | $0 |
Mike Lester Secretary | OfficerTrustee | 1 | $0 |
Haakon Weinstein Trustee | Trustee | 1 | $0 |
Kim Cash 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 | $200,226 |
| Noncash contributions included in lines 1a–1f | $480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,226 |
| Total Program Service Revenue | $0 |
| Investment income | $236,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$207,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,473 |
| Grants and other assistance to domestic individuals. | $56,811 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,750 |
| Compensation of current officers, directors, key employees. | $20,750 |
| 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 | $8,682 |
| 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 | $1,471 |
| Total functional expenses | $327,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $367,647 |
| Pledges and grants receivable | $10,362 |
| 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 | $3,753,620 |
| Investments—other securities | $40,016 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,171,645 |
| Accounts payable and accrued expenses | $12,988 |
| 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 | $38,532 |
| Total liabilities | $51,520 |
| Net assets without donor restrictions | $4,120,125 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,171,645 |
Grants Awarded
Over the last fiscal year, Portland Rotary Charitable Trust has awarded $48,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BRADLEY ANGLE HOUSE PURPOSE: PASSENGER VAN | $8,000 |
FEED THE MASS PURPOSE: GENERAL SUPPORT | $8,000 |
HELP ELEVATE LEARNING PURPOSE: GENERAL SUPPORT | $8,000 |
MAURICE LUCAS FOUNDATION | | | $8,000 |
SERENDIPITY CENTER PURPOSE: RUBBER FLOORING FOR PLAY AREA | $8,000 |
TUCKER MAXON SCHOOL PURPOSE: AV SYSTEM | $8,000 |