Bloomington Rotary Foundation
- Assets
- $406.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 41-1649217
Organization Overview
Bloomington Rotary Foundation is located in Bloomington, MN. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomington Rotary 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, Bloomington Rotary Foundation generated $28.8k 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 (7.0%) each year. All expenses for the organization totaled $38.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Adkins Director | 1 | $0 | |
Eric Melbye Treasurer | 2 | $0 | |
Paul Niederberger Director | 1 | $0 | |
Jamie Verbrugge Director | 1 | $0 | |
Mary Kurth Director | 1 | $0 | |
Becky Amble President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,497 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19,343 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,840 |
| 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 | $38,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $405,363 |
| Other assets | $0 |
| Total assets | $406,853 |
| Total liabilities | $33,618 |
| Net assets or fund balances | $373,235 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bloomington Rotary Foundation has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Rotary International Wayzata, MN PURPOSE: ENGLISH SCHOOL - INDIA | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: COMMUNITY SERVICE CLUBS (KIWANIS, LIONS, JAYCEES, ETC.) (S80) | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |
John & Denise Graves Foundation Minneapolis, MN | $54,924,760 | $867,412 |
Chs Foundation Inver Grove Heights, MN | $40,013,370 | $7,074,214 |
John R And Zelda Z Grubb Charitable Foundation Urbandale, IA | $12,465,569 | $3,157,752 |
Listen Love Is Sharing The Exceptional Needs Grand Forks, ND | $8,781,410 | $3,741,510 |
Breakwater Health Network Duluth, MN | $640,816 | $1,971,597 |