Rotary Club Of Lancaster Foundation
- Assets
- $890.1k
- Revenue
- $123.4k
- Investments
- $445.9k
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 23-3053966
Organization Overview
Rotary Club Of Lancaster Foundation is located in Lancaster, PA. The organization was established in 2001. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Rotary Club Of Lancaster Foundation 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 Club Of Lancaster Foundation generated $123.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $53.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rotary Club Of Lancaster Foundation has awarded 25 individual grants totaling $203,760. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE QUALITY OF LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND ENHANCE QUALITY OF PUBLIC EDUCATION, FOSTER COMMUNITY SPIRIT, ENHANCE QUALITY OF LIFE THROUGH SUPPORT OF PROGRAMS TO COMBAT CRIME, SUPPORT THE PERFORMING ARTS AND RELIEVE SUFFERING OF WAR, SOCIAL UPHEAVAL, DISEASE & DISASTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Gallagher Vice President | OfficerTrustee | 1 | $0 |
Thomas Baum Interim Treasurer | OfficerTrustee | 1 | $0 |
Jeremy Debord Immediate Past President P | OfficerTrustee | 1 | $0 |
Russ Harlan Secretary | OfficerTrustee | 1 | $0 |
Ben Bamford President | OfficerTrustee | 1 | $0 |
Alicia Moranz Director | Trustee | 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 | $43,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,516 |
| Total Program Service Revenue | $0 |
| Investment income | $9,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,804 |
| Net Income from Fundraising Events | $10,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,015 |
| 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 | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,144 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,139 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,912 |
| 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 | $0 |
| Investments—other securities | $445,932 |
| Investments—program-related | $322,296 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $890,140 |
| Accounts payable and accrued expenses | $2,147 |
| 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 | $2,147 |
| Net assets without donor restrictions | $887,293 |
| Net assets with donor restrictions | $700 |
| 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 | $890,140 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Lancaster Foundation has awarded $24,240 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, PA PURPOSE: GENERAL PURPOSE | $10,000 |
Atlanta, GA PURPOSE: GENERAL PURPOSE | $9,240 |
Lancaster, PA PURPOSE: GENERAL PURPOSE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rotary Club Of Lancaster Foundation has recieved totaling $31,628.
| Awarding Organization | Amount |
|---|---|
Farm & Home Foundation Of Lancaster County Lancaster, PA PURPOSE: PROMOTE NON-PROFIT | $24,402 |
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $7,187 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $256,128 |
| Earnings | $69,310 |
| Admin Expense | $3,143 |
| Ending Balance | $322,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Progress Inc Cleveland, OH | $14,988,219 | $7,783,828 |
Montgomery Village Foundation Inc montgomery village, MD | $23,433,037 | $9,100,632 |
Fund For Our Economic Future Of Northeast Ohio Cleveland, OH | $9,063,861 | $3,744,961 |
Resolution Project Inc New York, NY | $959,499 | $1,878,975 |
One Hundred Black Men New York, NY | $1,621,629 | $1,558,078 |
Dream Big Foundation Inc Crownsville, MD | $3,093,434 | $416,051 |
Egbert M Freese Foundation Galion, OH | $9,775,286 | $868,185 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
West Central Development Corporation Perrysburg, OH | $4,806,920 | $1,182,846 |
Arden Local Development Corporation Middletown, NY | $5,083,817 | $416,959 |
Blueprint Org Inc New York, NY | $0 | $540,000 |
Joint Economic Development Initiative Of Southern Ohio Jackson, OH | $6,947 | $427,000 |