Ashtabula Rotary Foundation
- Assets
- $127.1k
- Revenue
- $20.3k
- Investments
- $117.5k
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 03/1986
- Data as of
- 06/2023
- EIN
- 34-1503496
Organization Overview
Ashtabula Rotary Foundation is located in Ashtabula, OH. The organization was established in 1986. 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. Ashtabula 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, Ashtabula Rotary Foundation generated $20.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $29.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS: THE OBJECT OF ROTARY IS TO ENCORAGE AND FOSTER THE IDEAL OF SERVICE AS A BASIS OF WORTHY ENTERPRISE. THE ORGANIZATION FUNDED 2 SCHOLARSHIPS, PROVIDED DICTIONARIES TO SCHOOLS, CHRISTMAS GIFTS TO DISADVANTAGE KIDS,AND OTHER VARIOUS PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Church President | 4 | $0 | |
Mary Lou Howe Treasurer | 4 | $0 | |
Elena Bienka Board Member | 2 | $0 | |
Louann Wilkinson Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,338 |
| Capital Gain Net Income | $3,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,216 |
| Total Revenue | $20,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,037 |
| Total operating and administrative expenses | $9,654 |
| Contributions, gifts, grants paid | $19,298 |
| Total expenses and disbursements | $28,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,610 |
| 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 | $117,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $127,070 |
| 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, Ashtabula Rotary Foundation has awarded $19,298 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: SUPPORT OF ASHTABULA WALK | $1,000 |
COMMUNITY CATS COALITION PURPOSE: SUPPORT OF SPAY, NEUTER PROGRAM | $300 |
COMMUNITY COUNSELING PURPOSE: SUPPORT EMPLOYMENT INCENTIVE PROGRAM | $1,000 |
FRIENDS OF JUVENILE PROBATE COURT PURPOSE: ASSISTANCE WITH RESOURCES AND PROGRAMMING | $500 |
HALO PURPOSE: PURCHASE OF CHRISTMAS PRESENTS | $1,200 |
KENT STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |