Wakefield Rotary Charitable Foundation Inc
- Assets
- $609.2k
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, RI
- Founding
- 01/1998
- Data as of
- 06/2022
- EIN
- 06-1492650
Organization Overview
Wakefield Rotary Charitable Foundation Inc is located in Wakefield, RI. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Wakefield Rotary Charitable Foundation 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, Wakefield Rotary Charitable Foundation Inc generated $25.5k 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 (11.8%) each year. All expenses for the organization totaled $10.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND CHARITABLE GRANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DONATES ANNUALLY TO THE ROTARY INTERNATIONAL FOUNDATION IN ORDER TO FURTHER THAT ORGANIZATIONS EFFORTS TO PROMOTE PEACE AND FIGHT HUNGER AND DISEASE.
THE WAKEFIELD ROTARY CHARITABLE FOUNDATION USES ITS RESOURCES TO PROMOTE ACADEMIC ACHIEVEMENT AND COMMUNITY SERVICE AMONG STUDENTS IN THE COMMUNITY THROUGH SCHOLARSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Tracey Director | Officer | 1 | $0 |
Lori Horton Director | Officer | 1 | $0 |
Russell Bertrand Chair | Officer | 2 | $0 |
Linda Hennessey Secretary | Officer | 1 | $0 |
James W Blackerby Treasurer | Officer | 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 | $1,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,353 |
| Total Program Service Revenue | $0 |
| Investment income | $24,127 |
| 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 | $25,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,130 |
| 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 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 | $22 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,916 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22 |
| 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 | $2,064 |
| All other expenses | $0 |
| Total functional expenses | $10,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,009 |
| 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 | $602,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,218 |
| 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 | $488,886 |
| Net assets with donor restrictions | $120,332 |
| 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 | $609,218 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wakefield Rotary Charitable Foundation Inc has recieved totaling $31,780.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $15,890 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $15,890 |
Endowment Analysis
| Beg. Balance | $105,832 |
| Net Contributions | $8,870 |
| Grants | $12,000 |
| Ending Balance | $102,702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Southeastern Conn Inc Gales Ferry, CT | $10,705,205 | $8,943,002 |
United Way Of Central Massachusetts Inc Worcester, MA | $17,606,516 | $12,267,996 |
Supreme Council Benevolent Foundation Lexington, MA | $125,656,047 | $11,525,847 |
United Way Of Western Connecticut Inc Danbury, CT | $8,563,444 | $6,698,403 |
The Jewish Federation Of Greater New Haven Inc Woodbridge, CT | $16,539,651 | $6,887,092 |
Jewish Federation Of Greater Hartford West Hartford, CT | $10,483,669 | $7,386,122 |
Jewish Community Foundation Of Greater Hartford Inc West Hartford, CT | $126,674,784 | $9,064,129 |
Jewish Federation Foundation Providence, RI | $77,112,480 | $16,990,336 |
The United Way Of Greater Waterbury Inc Waterbury, CT | $4,506,713 | $4,674,760 |
Yawkey Foundation Dedham, MA | $79,901,804 | $8,131,065 |
Philanthropy Massachusetts Inc Boston, MA | $3,861,413 | $4,531,233 |
United Way Of Coastal Fairfield County Inc Bridgeport, CT | $4,985,437 | $3,827,429 |