Wilshire Rotary Club Foundation
- Assets
- $1.1m
- Revenue
- $90.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1966
- Data as of
- 06/2021
- EIN
- 95-6134930
Organization Overview
Wilshire Rotary Club Foundation is located in Los Angeles, CA. The organization was established in 1966. 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. Wilshire Rotary Club 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, Wilshire Rotary Club Foundation generated $90.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $63.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wilshire Rotary Club Foundation has awarded 37 individual grants totaling $305,609. 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
TO PROMOTE, ENCOURAGE AND PROVIDE AN ENTITY FOR THE CHARITABLE, SCIENTIFICEDUCATIONAL AND RELIGIOUS ACTIVITIES OF THE WILSHIRE ROTARY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE DICTIONARY DISTRIBUTION PROGRAM OF WILSHIRE ROTARY CLUB OF LOS ANGELESWITH THE PURCHASE OF APPROXIMATELY 600 DICTIONARIES WHICH WERE DISTRIBUTED TO THIRD GRADERS AT NINE LOCAL ELEMENTARY SCHOOLS.SUSPENDED DUE TO PANDEMIC.
CONTRIBUTIONS TO CHARITIES IN THE MID-WILSHIRE AREA OF LOS ANGELES ($20,565),ROTARY DISTRICT 5280 ($6,500),AND THE ROTARY INTERNATIONAL FOUNDATION ($35,000).
SUPPORTED AN EDUCATIONAL PROGRAM TO PROMOTE ARTS EDUCATION FOR ELEMENTARY SCHOOL CHILDREN IN AN UNDERSERVED LOS ANGELES COMMUNITY.SUSPENDED DUE TO PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scot Clifford President | OfficerTrustee | 1 | $0 |
Janice Prior Secretary | Officer | 1 | $0 |
Edward M Lee Jr Treasurer | Officer | 1 | $0 |
Joyce Kleifield Director | Trustee | 1 | $0 |
Elsa Gillham Director | Trustee | 1 | $0 |
Dan Hodgkiss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $453 |
| Investment income | $30,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,328 |
| Statement of Expenses | |
|---|---|
| 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 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 | $25 |
| 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 | $1,695 |
| All other expenses | $0 |
| Total functional expenses | $63,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,045 |
| 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 |
| Investments—publicly traded securities | $964,381 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,140,889 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,140,889 |
Grants Awarded
Over the last fiscal year, Wilshire Rotary Club Foundation has awarded $51,815 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $35,000 |
Los Angeles, CA PURPOSE: GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $6,500 |
ROTARY DISTRICT 5280 PURPOSE: GENERAL CHARITABLE PURPOSES | $5,750 |
Rch Palos Vrd, CA PURPOSE: GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $4,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $18,759,259 | $3,966,966 |
Alliance For African Assistance San Diego, CA | $4,342,451 | $2,754,226 |
Samoan Community Development Center Incorporated San Francisco, CA | $808,922 | $2,608,203 |
Imagine Worldwide Mill Valley, CA | $4,339,932 | $3,145,641 |
East Bay Sanctuary Covenant Berkeley, CA | $2,472,298 | $3,238,698 |