Rotary International
- Assets
- $145.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Petoskey, MI
- Founding
- 09/1942
- Data as of
- 06/2024
- EIN
- 38-6093504
Organization Overview
Rotary International is located in Petoskey, MI. The organization was established in 1942. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rotary International is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Rotary International generated $97.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $103.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 9 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 Mission:
Part 3 - Line 1
ENCOURAGE AND FOSTER THE IDEALS OF SERVICE, TRUTH, AND FAIRNESS.
Describe the Organization's Program Activity:
Part 3
YOUTH DEVELOPMENT PROGRAMS, GENERAL/OTHER: AWARDED FIVE ACADEMIC SCHOLARSHIPS TO LOCAL HIGH SCHOOL SENIORS AND FOUR ACADEMIC SCHOLARSHIPS TO LOCAL NURSING STUDENTS (9 AWARDS).
YOUTH DEVELOPMENT PROGRAMS, GENERAL/OTHER: AWARDED FINANCIAL SUPPORT TO 5 LOCAL HIGH SCHOOL STUDENTS TO RECOGNIZE THEIR ACTIONS IN PROVIDING COMMUNITY SERVICE.
LOCAL PROGRAMMING: PROVIDE ASSISTANCE WITH LOCAL HIGH SCHOOL STRIVE MENTORSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reg Smith President | 2 | $0 | |
Jeff Wynder Past President | 2 | $0 | |
Christian Smiith Incoming President | 2 | $0 | |
Terry Newton Secretary | 4 | $0 | |
James Wibby Treasurer | 4 | $0 | |
Christine Hammond Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,737 |
| Total Program Service Revenue | $0 |
| Membership dues | $60,558 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $34,601 |
| Other Revenue | $0 |
| Total Revenue | $97,896 |
| 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 | $166 |
| Printing, publications, postage, and shipping | $68 |
| Other expenses | $72,292 |
| Total expenses | $103,432 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,180 |
| Other assets | $0 |
| Total assets | $145,946 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,946 |