Rotary Club Of Long Branch Foundation Incorporated
- Assets
- $165.5k
- Revenue
- $28.9k
- Investments
- $155.2k
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 11/2006
- Data as of
- 06/2022
- EIN
- 20-3621889
Organization Overview
Rotary Club Of Long Branch Foundation Incorporated is located in Oceanport, NJ. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Rotary Club Of Long Branch Foundation Incorporated 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, Rotary Club Of Long Branch Foundation Incorporated generated $28.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $19.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTRIBUTES TOWARDS HIGH SCHOOL SCHOLARSHIPS.
THE ORGANIZATION CONTRIBUTES TOWARDS VARIOUS PROJECTS OF THE ROTARY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Peacock Trustee | 0 | $0 | |
Michael Schwartzstein Trustee | 0 | $0 | |
Michael Hon Trustee | 0 | $0 | |
Walt Thistlewaite Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,450 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,043 |
| Capital Gain Net Income | $13,396 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,671 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $19,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,794 |
| Savings and temporary cash investments | $6,572 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $165,545 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Long Branch Foundation Incorporated has awarded $17,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LONG BRANCH HIGH SCHOOL PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
SHORE REGIONAL HIGH SCHOOL PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
GIFT OF LIFE PURPOSE: HELP ADULTS & KIDS WITH CANCER | $1,000 |
SHELTERBOX PURPOSE: DISASTER RELIEF | $1,000 |
RONALD MCDONALD HOUSE PURPOSE: HELPING ILL CHILD & THEIR FAMILIES | $2,500 |
MONMOUTH MEDICAL CENTER PURPOSE: HELP DEVELOPMENTALLY DISABLED | $1,000 |