Rotary Am Morristown Foundation Inc
- Assets
- $39.8k
- Revenue
- $66.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, TN
- Founding
- 01/2007
- Data as of
- 06/2021
- EIN
- 20-5717582
Organization Overview
Rotary Am Morristown Foundation Inc is located in Morristown, TN. The organization was established in 2007. 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 Am Morristown 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 06/2021, Rotary Am Morristown Foundation Inc generated $66.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $45.4k during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOLF TOURNAMENT AND CHRISTMAS SHOPPING SPREE PROVIDED THE FUNDS FOR THE VARIOUS CONTRIBUTIONS MADE TO SUPPORT LOCAL MORRISTOWN CHARITIES AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Carpenter Director | 1 | $0 | |
La Orio Director | 1 | $0 | |
Jessica Rich Director | 1 | $0 | |
Conor O'donoghue Treasurer | 1 | $0 | |
Tish Jones Director | 1 | $0 | |
Keith Coates President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,256 |
| Total Revenue | $66,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,761 |
| Total operating and administrative expenses | $34,761 |
| Contributions, gifts, grants paid | $10,660 |
| Total expenses and disbursements | $45,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,751 |
| Savings and temporary cash investments | $0 |
| 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 | $39,751 |
| 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 Am Morristown Foundation Inc has awarded $10,660 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HC EXCEL PURPOSE: CHARITABLE SUPPORT | $5,000 |
THE ROTARY FOUNDATION-STAR CLUB PURPOSE: CHARITABLE SUPPORT | $2,660 |
CENTRAL SERVICES PURPOSE: CHARITABLE SUPPORT | $2,000 |
FRIENDS OF HOPE PURPOSE: CHARITABLE SUPPORT | $1,000 |
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The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |