Central Ocean Rotary Foundation Inc is located in Toms River, NJ. The organization was established in 2004. 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. Central Ocean Rotary 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
CENTRAL OCEAN ROTARY FOUNDATION, INC. DONATES MONEY TO LOCAL NON-PROFIT ORGANIZATIONS AND SOME INTERNATIONAL ORGANIZATIONS AS WELL AS TO LOCAL HIGH SCHOOL SENIORS FOR SCHOLARSHIPS FOR HIGHER EDUCATION. MONEY IS RAISED THROUGH FUNDRAISING BY MEMBER/VOLUNTEERS & DONATIONS FROM THE PUBLIC.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Elizabeth Rastelli President | 1 | $0 | |
| Christopher Koerner Director | 1 | $0 | |
| James K Koerner Treasurer | 4 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 | 
| Total Program Service Revenue | $0 | 
| Membership dues | $0 | 
| Investment income | $2,009 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $15,373 | 
| Other Revenue | $0 | 
| Total Revenue | $19,382 | 
| Statement of Expenses | |
|---|---|
| Total expenses | $1,621 | 
| Balance Sheet | |
|---|---|
| Total assets | $129,839 | 
| Total liabilities | $0 | 
| Net assets or fund balances | $129,839 |