Rotary Club Of Torrance Educational Foundation
- Assets
- $111.1k
- Revenue
- $9.8k
- Investments
- $110.7k
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 06/1985
- Data as of
- 06/2022
- EIN
- 33-0053392
Organization Overview
Rotary Club Of Torrance Educational Foundation is located in Torrance, CA. The organization was established in 1985. 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. Rotary Club Of Torrance Educational 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 06/2022, Rotary Club Of Torrance Educational Foundation generated $9.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $4.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rotary Club Of Torrance Educational Foundation has awarded 30 individual grants totaling $116,950. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS
PUBLIC HIGH SCHOOL PROGRAM SUPPORT
ROTARY INTERNATIONAL YOUTH LEADERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Olds Pres Elect | 0 | $0 | |
Gregg Pericich Secretary | 0 | $0 | |
Patricia Harik Treasurer | 0 | $0 | |
Dean Reuter President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,253 |
| Capital Gain Net Income | $7,253 |
| Net ST Capital Gain | $5,010 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,080 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324 |
| 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 | $110,749 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $111,073 |
| 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 | $2,500 |
| Total liabilities | $2,500 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Torrance Educational Foundation has awarded $18,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH HIGH SCHOOL PURPOSE: SUPPORT PUBLIC HIGH SCHOOL PROGRAMS | $4,500 |
TORRANCE HIGH SCHOOL PURPOSE: SUPPORT PUBLIC HIGH SCHOOL PROGRAMS | $4,500 |
SOUTH HIGH SCHOOL PURPOSE: SUPPORT PUBLIC HIGH SCHOOL PROGRAMS | $4,500 |
WEST HIGH SCHOOL PURPOSE: SUPPORT PUBLIC HIGH SCHOOL PROGRAMS | $4,500 |