Edina Morningside Rotary Foundation
- Assets
- $97.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 11/1993
- Data as of
- 06/2023
- EIN
- 41-1739293
Organization Overview
Edina Morningside Rotary Foundation is located in Edina, MN. The organization was established in 1993. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edina Morningside 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 06/2023, Edina Morningside Rotary Foundation generated $46.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $54.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
FUNDING PROVIDED TO VARIOUS CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Shriver Board Member | 1 | $0 | |
Rob Laughlin Ed & President | 1 | $0 | |
Jake Ehresmann Treasurer | 2 | $0 | |
Chris Kennedy Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,299 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $575 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,450 |
| Other Revenue | $8,442 |
| Total Revenue | $46,766 |
| 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 | $1,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,974 |
| Total expenses | $54,157 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,628 |
| Other assets | $0 |
| Total assets | $97,505 |
| Total liabilities | $8,441 |
| Net assets or fund balances | $89,064 |