Marlborough Rotary Charitable Endowment Inc
- Assets
- $184.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marlborough, MA
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 04-3424082
Organization Overview
Marlborough Rotary Charitable Endowment Inc is located in Marlborough, MA. The organization was established in 1998. 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. Marlborough Rotary Charitable Endowment 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 06/2022, Marlborough Rotary Charitable Endowment Inc generated $93.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $30.0k during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ALL MONIES RAISED FROM FUND RAISERS WAS USED FOR SCHOLARSHIPS AND LOCAL CHARITABLE GIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peg Sheldon President | 10 | $0 | |
Aaron Aykanian Secretary | 5 | $0 | |
Robert Turner Asst. Treasurer | 2 | $0 | |
Matthew Mccook Treasurer | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,708 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,482 |
| Investment income | $11,758 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,715 |
| Other Revenue | $52,531 |
| Total Revenue | $93,194 |
| 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 | $29,954 |
| Total expenses | $29,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,456 |
| Other assets | $0 |
| Total assets | $184,456 |
| Total liabilities | $0 |
| Net assets or fund balances | $184,456 |