Kewanee Rotary Foundation Inc
- Assets
- $561.5k
- Revenue
- $184.6k
- Investments
- $1.6k
- Employees
- 0
- Location
- Kewanee, IL
- Founding
- 08/1987
- Data as of
- 06/2021
- EIN
- 36-3439357
Organization Overview
Kewanee Rotary Foundation Inc is located in Kewanee, IL. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kewanee Rotary Foundation Inc 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 06/2021, Kewanee Rotary Foundation Inc generated $184.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $48.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT VARIOUS PUBLIC CHARITIES, COMMUNITY EVENTS, AND SCHOOL ACTIVITIES IN THE KEWANEE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO LOCAL COMMUNITY ORGANIZATIONS, INCLUDING ROTARY INT F. PROJECTS $1,000, B.H.E $3,000, OSF ST LUKE TRANS PROJECT $2,500, Y.M.C.A $1,250, BOYS SCOUTS OF AMERICA $2,400, BRAVEHEART CHILDREN'S ADVOC. $2,000, ABCD PROGRAM $2,500, SCHOLARSHIP AWARDS $3,250, JUNIOR ACHIEVEMENT $2,500, GIRL SCOUTS $2,000, SALVATION ARMY $1,300, SCHOOL DICTIONARY PROJECT $2,143, KEWANEE FOOD PANTRY $2,000, KEWANEE AREA ARTS COUNCIL $10,160, KEWANEE AREA ARTS COUNCIL SPEC. $1,540, HC MENTAL HEALTH ALLIANCE $2,000, FREEDOM HOUSE $1,500, REBUILD TOGETHER HENRY COUNTY $1,000, SUNSHINE COMM SERVICE CENTER $1,500, NOLAND KEANE BBALL CLASSIC $1,000, AND RORIE MAE FOUNDATION $1,000. IN ADDITION, THERE IS $3,150 IN OTHER PROJECTS TO BE ANNOUNCED AND SEVERAL OTHER DONATIONS FOR $1,000 OR LESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merle Hall Director | Trustee | 0 | $0 |
Dianne Packee Director | Trustee | 0 | $0 |
John Bowser President Elect | Trustee | 0 | $0 |
John Looney Vice President | Trustee | 0 | $0 |
Nancy Sutton President | Trustee | 0 | $0 |
Danielle Williams Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,684 |
| Investment income | $15,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,627 |
| Statement of Expenses | |
|---|---|
| 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 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 | $500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $75 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $558 |
| 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 | $0 |
| Investments—publicly traded securities | $513,568 |
| Investments—other securities | $1,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,490 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $300 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $561,190 |