Derry Rotary Educational Fund Inc is located in Derry, NH. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Derry Rotary Educational 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 02/2022, Derry Rotary Educational Fund Inc generated $42.2k in total revenue. All expenses for the organization totaled $7.3k during the year ending 02/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION ACCUMULATES ASSETS ON AN ENDOWED BASIS.INCOME EARNED ON ASSETS ARE USED TO FUND COLLEGESCHOLARSHIPS FOR HIGH SCHOOL GRADUATES WITHIN THE SERVICE AREA OF THE DERRY ROTARY AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Copeland President | 1 | $0 | |
Eddie Leon Treasurer | 1 | $0 | |
Adam Mead Director | 0.25 | $0 | |
Brenda Mcdougald Director | 0.25 | $0 | |
William Wood Director | 0.25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $42,203 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $42,203 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,327 |
Total expenses | $7,327 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $253,481 |
Other assets | $0 |
Total assets | $253,481 |
Total liabilities | $0 |
Net assets or fund balances | $253,481 |
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