Rotary Club Of Lake Minnetonka - Excelsior
- Assets
- $301.8k
- Revenue
- $415.4k
- Investments
- $0.0
- Employees
- 19
- Location
- Excelsior, MN
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 35-2589100
Organization Overview
Rotary Club Of Lake Minnetonka - Excelsior is located in Excelsior, MN. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Rotary Club Of Lake Minnetonka - Excelsior employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Lake Minnetonka - Excelsior 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 Lake Minnetonka - Excelsior generated $415.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $306.8k during the year ending 06/2022. While expenses have increased by 18.1% per year over the past 5 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.
Since 2021, Rotary Club Of Lake Minnetonka - Excelsior has awarded 18 individual grants totaling $229,916. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS. OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE EXCELSIOR MORNING ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 70. OUR CLUB IS OPEN TO MEN AND WOMEN WHO EITHER DO BUSINESS OR RESIDE IN THE EXCELSIOR/MINNETONKA AREA.
Describe the Organization's Program Activity:
SOME OF THE PROJECTS AND EVENTS OUR ROTARY CLUB HAS WORKED ON AND SUPPORTED INCLUDE: INTERNATIONAL WORK: OUR ROTARY CLUB HAS PROVIDED GRANTS TO: CREATE AN EARLY CHILDHOOD EDUCATION PROGRAM IN GHANA, DEVELOP A SEWING CENTER FOR WOMEN ENTREPRENEURS IN GUATEMALA, BUILD DEEP WELLS IN RURAL BOLIVIA, PROVIDE MICRO LOANS FOR WOMEN GINGER FARMERS IN TANZANIA, DEVELOP A YOUTH SPORTS CENTER IN NICARAGUA, PROVIDE SCHOLARSHIPS FOR CHILDREN IN GUATEMALA, AND CONTRIBUTE TO SHELTERBOX'S MISSION TO PROVIDE EMERGENCY SHELTER TO DISPLACED FAMILIES AROUND THE GLOBE. ADDITIONALLY, EACH YEAR WE PARTICIPATE IN ROTARY INTERNATIONAL'S CAMPAIGN TO ERADICATE POLIO WORLDWIDE. LOCAL PROGRAMS: SIGNIFICANT GRANTS ARE GIVEN ANNUALLY TO CAUSES SUCH AS THE ICA FOOD SHELF, WECAN, LOAVES AND FISHES, ONWARD EDEN PRAIRIE, TREE HOUSE, HOPE HOUSE, IMHOTEP CENTER FOR SCIENCE EDUCATION, 180 DEGREES, LIVIN FOUNDATION AND TO OUTSTANDING TEACHERS IN OUR SCHOOLS. WE ARE ALSO A KEY SUPPORTER OF THE COMMUNITY FOR THE COMMONS IN THEIR WORK TO RE-VITALIZE THE COMMUNITY AREAS AROUND THE LAKE IN EXCELSIOR. WE ALSO SUPPORT YOUTH IN TWO WAYS. FIRST, WE SPONSOR AN INTERACT CLUB (HIGH SCHOOL ROTARY GROUP) AT MINNETONKA HIGH SCHOOL. THIS INTERACT CLUB DOES THEIR OWN FUND RAISING AND SUPPORTS LOCAL AND INTERNATIONAL PROJECTS WITH TIME AND/OR DONATIONS. SECOND, WE ALSO SPONSOR TWO HIGH SCHOOL EXCHANGE STUDENTS PER YEAR. ONE OUTBOUND FROM MINNETONKA AND ONE INBOUND. WE ARE PROUD TO SPONSOR THESE TWO GROUPS OF FUTURE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Sturgis President | Officer | 10 | $0 |
Pam Langseth President El | Officer | 10 | $0 |
Kathleen Mallery Treasurer | Officer | 10 | $0 |
Tammy Magney Secretary | Officer | 5 | $0 |
Tammy Schwartz Rotary Found | Trustee | 2 | $0 |
Maggie Trenary Club Admin | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,280 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,273 |
| Total Program Service Revenue | $9,360 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $129,906 |
| Net Income from Gaming Activities | $181,743 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $415,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $231,159 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,374 |
| 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 | $8,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $896 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $306,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,484 |
| Savings and temporary cash investments | $95,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,828 |
| 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 | $160 |
| Net Land, buildings, and equipment | $22,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $301,847 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $55,423 |
| 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 | $55,423 |
| Net assets without donor restrictions | $235,790 |
| Net assets with donor restrictions | $10,634 |
| 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 | $301,847 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Lake Minnetonka - Excelsior has awarded $188,288 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH INVESTMENT FOUNDATION | | | $9,800 |
YOUTH FRONTIERS INC | | | $6,400 |
RELATE COUNSELING CENTER | | | $9,200 |
MINNESOTA CAMP FIRE FOUNDATION | | | $7,000 |
MANY HANDS MANY MEALS | | | $9,200 |
HUMANITY ALLIANCE | | | $9,700 |