Rotary Club Of Ames Foundation
- Assets
- $306.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 08/2014
- Data as of
- 06/2024
- EIN
- 38-3911322
Organization Overview
Rotary Club Of Ames Foundation is located in Ames, IA. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Ames 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 06/2024, Rotary Club Of Ames Foundation generated $154.2k 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 (3.7%) each year. All expenses for the organization totaled $13.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 7 years. 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
2024
Describe the Organization's Program Activity:
Part 3
TO ADVANCE THE ROTARY AVENUES OF SERVICE. THE FOUNDATION IS ORGANIZED EXCLUSIVELYFOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Peters President & CEO | 1 | $0 | |
R Dean Phillips Treasurer | 3 | $0 | |
Karin Sevde Secretary | 1 | $0 | |
Mason Adams Director | 1 | $0 | |
David Hansen Director | 1 | $0 | |
Jean Sheets Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,512 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,687 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,199 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $13,829 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,334 |
| Other assets | $0 |
| Total assets | $306,334 |
| Total liabilities | $0 |
| Net assets or fund balances | $306,334 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Ames Foundation has awarded $375,768 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMES MIRACLE PARK PURPOSE: PARK FOR DISABLED PEOPLE | $285,000 |
ROTARY INTERNATIONAL FOUNDATI PURPOSE: ROTARY INTL PROJECTS | $90,768 |