Rotary Club Of Torrance Del Amo
- Assets
- $70.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 23-7335240
Organization Overview
Rotary Club Of Torrance Del Amo is located in Torrance, CA. The organization was established in 1942. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Rotary Club Of Torrance Del Amo is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Rotary Club Of Torrance Del Amo generated $53.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $48.3k during the year ending 06/2022. While expenses have increased by 3.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE OBJECT OF ROTARY IS TO ENCOURAGE AND FOSTER THE IDEAL OF SERVICE AS A BASIS OF WORTHY ENTERPRISE AND, IN PARTICULAR, TO ENCOURAGE AND FOSTER:FIRST, THE DEVELOPMENT OF ACQUAINTANCE AS AN OPPORTUNITY FOR SERVICE.SECOND, HIGH ETHICAL STANDARDS IN BUSINESS AND PROFESSIONS, THE RECOGNITION OF THE WORTHINESS OF ALL USEFUL OCCUPATIONS, AND THE DIGNIFYING OF EACH ROTARIAN'S OCCUPATION AS AN OPPORTUNITY TO SERVE SOCIETY.THIRD, THE APPLICATION OF THE IDEAL OF SERVICE IN EACH ROTARIAN'S PERSONAL, BUSINESS, AND COMMUNITY LIFE.FOURTH, THE ADVANCEMENT OF INTERNATIONAL UNDERSTANDING, GOODWILL, AND PEACE THROUGH A WORLD FELLOWSHIP OF BUSINESS AND PROFESSIONAL PERSONS UNITED IN THE IDEAL OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Rockoff President | 0 | $0 | |
Gregg Pericich Secretary | 0 | $0 | |
Brian Wong Treasurer | 0 | $0 | |
Dean Reuter President Elect | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,171 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,635 |
| Investment income | $4,076 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,768 |
| Other Revenue | $0 |
| Total Revenue | $53,650 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $227 |
| Other expenses | $36,621 |
| Total expenses | $48,348 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,479 |
| Other assets | $0 |
| Total assets | $70,819 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,819 |