Rotary Club Of Ames Foundation
- Assets
- $139.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 08/2014
- Data as of
- 06/2022
- 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 06/2022, Rotary Club Of Ames Foundation generated $71.5k 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 (16.4%) each year. All expenses for the organization totaled $29.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.4%) 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
2022
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 | |
Kent Frankenfeld Vice President | 1 | $0 | |
David Hansen Director | 1 | $0 | |
Les Wolfe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,405 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $57 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,462 |
| 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 | $5 |
| Total expenses | $29,741 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,042 |
| Other assets | $0 |
| Total assets | $139,042 |
| Total liabilities | $0 |
| Net assets or fund balances | $139,042 |
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, IA PURPOSE: PARK FOR DISABLED PEOPLE | $285,000 |
Evanston, IL PURPOSE: ROTARY INTL PROJECTS | $90,768 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Rotary Club Of Ames Foundation has recieved totaling $41,256.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $25,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $13,456 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR THE AMES NOON ROTARY CLUB | $1,500 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $1,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR HOLIDAY BASKETS FOR YSS | $200 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION TO SUPPORT END POLIO NOW | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |