Kent Rotary Foundation is located in Kent, OH. The organization was established in 1984. 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. Kent Rotary 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 06/2023, Kent Rotary Foundation generated $69.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $31.0k during the year ending 06/2023. While expenses have increased by 9.5% 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND SERVE THE CHARITABLE AND EDUCATIONAL NEEDS OF THE KENT COMMUNITY AND PORTAGE COUNTY, AND TO PROMOTE AND SUPPORT THE ROTARY CLUB OF KENT AND ITS CHARITABLE PROJECTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Crimi President | 2 | $0 | |
Matthew Carroll Treasurer | 2 | $0 | |
Lauren Talion Secretary | 2 | $0 | |
Jim Bear Director | 1 | $0 | |
Nancy Whitehead Director | 1 | $0 | |
Roger Sidoti Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,412 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,274 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,636 |
| Other Revenue | $0 |
| Total Revenue | $69,322 |
| 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 | $2,680 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $380 |
| Total expenses | $31,041 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $479,080 |
| Other assets | $0 |
| Total assets | $479,080 |
| Total liabilities | $0 |
| Net assets or fund balances | $479,080 |