Newton Rotary Club Endowment Inc
- Assets
- $195.5k
- Revenue
- $46.9k
- Investments
- $180.7k
- Employees
- 0
- Location
- Newton, NJ
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 22-3223370
Organization Overview
Newton Rotary Club Endowment Inc is located in Newton, NJ. The organization was established in 1993. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Rotary Club 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 12/2021, Newton Rotary Club Endowment Inc generated $46.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $37.6k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | 0 | $0 | |
Carl Lazzaro President | 0 | $0 | |
Steve Wescott Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $741 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,841 |
| Capital Gain Net Income | $2,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,398 |
| Total Revenue | $46,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $5,500 |
| Occupancy | $2,650 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,250 |
| Total operating and administrative expenses | $28,433 |
| Contributions, gifts, grants paid | $9,157 |
| Total expenses and disbursements | $37,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,771 |
| 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 | $195,515 |
| 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, Newton Rotary Club Endowment Inc has awarded $9,157 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEWTON ROTARY CLUB PURPOSE: GRANT | $8,416 |
ROTARY FOUNDATION PURPOSE: CONTRIBUTION | $741 |
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