Los Altos Rotary Endowment Fund Inc
- Assets
- $1.4m
- Revenue
- $619.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 07/1984
- Data as of
- 06/2021
- EIN
- 94-2575930
Organization Overview
Los Altos Rotary Endowment Fund Inc is located in Los Altos, CA. The organization was established in 1984. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Los Altos Rotary Endowment Fund 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 06/2021, Los Altos Rotary Endowment Fund Inc generated $619.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $393.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Los Altos Rotary Endowment Fund Inc has awarded 89 individual grants totaling $1,097,710. 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
COMMUNITY & INTERNATIONAL SERVICE PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE PROJECTS
VETERANS
WORLD COMMUNITY SERVICE PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Verna President | OfficerTrustee | 2 | $0 |
Lindsay Carpenter Secretary | OfficerTrustee | 1 | $0 |
Jack Kelly Treasurer | OfficerTrustee | 1 | $0 |
Stan Scardino Trustee | OfficerTrustee | 1 | $0 |
George Stafford Trustee | OfficerTrustee | 1 | $0 |
Joe Eyre Trustee | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,365 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,212 |
| Total Program Service Revenue | $0 |
| Investment income | $22,796 |
| 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 | $619,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,841 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $181,263 |
| 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 | $7,850 |
| 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 | $1,327 |
| 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 | $393,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,609 |
| 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 | $0 |
| Investments—other securities | $1,194,590 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,354,199 |
| Accounts payable and accrued expenses | $0 |
| 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 | $220,868 |
| Total liabilities | $220,868 |
| 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 | $1,133,331 |
| Total liabilities and net assets/fund balances | $1,354,199 |
Grants Awarded
Over the last fiscal year, Los Altos Rotary Endowment Fund Inc has awarded $116,111 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Los Altos Hills, CA PURPOSE: SCHOLARSHIPS FOR VETERANS | $54,000 |
San Jose, CA PURPOSE: TO HELP POOR AND DISADVABTAGED PERSONS. | $23,111 |
Los Altos, CA PURPOSE: TO PROVIDE MENTORING FOR LOCAL HIGH SCHOOL STUDENTS | $17,500 |
San Francisco, CA PURPOSE: TO PROVIDE FREE DENTAL HYGIENE TO RESIDENTS | $15,000 |
Palo Alto, CA PURPOSE: TO PROVIDE EDUCATION TO CHILDREN AND WOMEN | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Los Altos Rotary Endowment Fund Inc has recieved totaling $60,279.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: COMMUNITY DEVELOPMENT | $25,250 |
Los Altos Community Foundation Los Altos, CA PURPOSE: OPERATIONS | $15,000 |
Harrington Family Foundation Los Altos, CA PURPOSE: ASSISTANCE TO SUPPORTED CHARITABLE ORGANIZATIONS | $7,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,029 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence International Enterprises Redding, CA | $2,351,572 | $1,347,826 |
Sunshine Acres Childrens Home Charitable Foundation Inc Mesa, AZ | $38,105,629 | $1,343,815 |
Inter-Mountain Fair Heritage Foundation Mcarthur, CA | $1,211,489 | $1,441,360 |
Milpitas Charity Bingo Inc Milpitas, CA | $2,206,850 | $2,853,560 |
Sheet Metal & Air Conditioning Contractors Of San Diego Industry La Mesa, CA | $61,133 | $681,809 |
The Mariinsky Foundation Of America Inc Phoenix, AZ | $261,174 | $246,717 |
Rotary Club Of San Jose Foundation Inc San Jose, CA | $7,365,594 | $780,293 |
Teamsters Local 986 Charity Fund Inc Covina, CA | $4,606,717 | $331,235 |
Los Altos Rotary Endowment Fund Inc Los Altos, CA | $1,354,199 | $619,008 |
Orange County Parks Foundation Irvine, CA | $6,798,547 | $380,317 |
Rotary Foundation Of Incline Village Incline Village, NV | $93,721 | $392,374 |
Bipoc Support Foundation Escondido, CA | $89,357 | $340,564 |