Rotary Club Of Cadillac Foundation
- Assets
- $1.7m
- Revenue
- $74.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Cadillac, MI
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 38-2885680
Organization Overview
Rotary Club Of Cadillac Foundation is located in Cadillac, MI. The organization was established in 1989. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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 Cadillac 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 Cadillac Foundation generated $74.5k 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 (6.4%) each year. All expenses for the organization totaled $66.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rotary Club Of Cadillac Foundation has awarded 15 individual grants totaling $104,400. 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 Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES. THE FOUNDATION MAKES GRANTS TO LOCAL CHARITIES & ORGANIZATIONS & SCHOLARSHIPS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF CADILLAC - SHAY RESTORATION
VETERANS SERVING VETERANS - OPERATIONS
WEXFORD OSCEOLA HABITAT FOR HUMANITY - OPERATIONS
VARIOUS OPERATIONAL PROJECTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Meier Secretary | 0 | $0 | |
Amy Gibbs Treasurer | 1 | $0 | |
Ross Meyering Trustee | 0 | $0 | |
Robert Marcus Chairman | 1 | $0 | |
Ed Vanalst Trustee | 0 | $0 | |
John Macleod Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,729 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,580 |
| Capital Gain Net Income | $10,580 |
| Net ST Capital Gain | $73 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $9,640 |
| Contributions, gifts, grants paid | $56,900 |
| Total expenses and disbursements | $66,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,489 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,707,937 |
| 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, Rotary Club Of Cadillac Foundation has awarded $56,900 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
VIKING SOFTBALL ASSN PURPOSE: REPAIR FIELDS | $23,400 |
BOON SPORTS MGNT PURPOSE: MAINTAIN HOCKEY RINK | $10,000 |
N MI MTN BIKE ASSN PURPOSE: BIKE TRAILS | $10,000 |
OASISRESOURCE CENTER PURPOSE: OPERATIONS | $4,000 |
CADILLAC PUBLIC SCHOOL PURPOSE: ROBOTICS TEAM | $3,000 |
CITY OF CADILLAC PURPOSE: MATCHING GRANT | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rotary Club Of Cadillac Foundation has recieved totaling $195,302.
| Awarding Organization | Amount |
|---|---|
Feeding America West Michigan Comstock Park, MI PURPOSE: FIGHT HUNGER | $195,302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Progress Inc Cleveland, OH | $14,988,219 | $7,783,828 |
Fund For Our Economic Future Of Northeast Ohio Cleveland, OH | $9,063,861 | $3,744,961 |
Baum Family Foundation Hastings, MI | $10,431,479 | $1,291,317 |
Egbert M Freese Foundation Galion, OH | $9,775,286 | $868,185 |
West Central Development Corporation Perrysburg, OH | $4,806,920 | $1,182,846 |
Thomas P And Sondra D Sheehan Charitable Foundation Fishers, IN | $5,927,664 | $430,035 |
Silver Beach Shadowland Saint Joseph, MI | $1,430,963 | $437,280 |
Wayne County-Detroit Cde Inc Detroit, MI | $4,766,254 | $730,026 |
Joint Economic Development Initiative Of Southern Ohio Jackson, OH | $6,947 | $427,000 |
Community Rewards Services Lexington, OH | $578 | $388,612 |
Harbor Hall Foundation Harbor Springs, MI | $13,613,969 | $2,399,523 |
Ohio Cpa Foundation Columbus, OH | $4,192,549 | $612,444 |