Rotary Club Of Des Moines Foundation
- Assets
- $2.6m
- Revenue
- $326.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 42-1194017
Organization Overview
Rotary Club Of Des Moines Foundation is located in Des Moines, IA. The organization was established in 1983. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Des Moines 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 06/2021, Rotary Club Of Des Moines Foundation generated $326.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $157.4k during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rotary Club Of Des Moines Foundation has awarded 15 individual grants totaling $312,533. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS THE CHARITABLE, CIVIC, AND EDUCATIONAL ACTIVITIES OF THE ROTARY CLUB OF DES MOINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT GRANTS TO NON-PROFIT ORGANIZATIONS DESIGNATED FOR INVESTING IN THE COMMUNITY AND PROVIDING OPPORTUNITIES FOR GROWTH AND BETTERMENT.
PROVIDE COLLEGE SCHOLARSHIPS TO GRADUATES OF DES MOINES AREA HIGH SCHOOLS.
FUNDING FOR ROTARY INTERNATIONAL FOUNDATION WHICH SPONSORS INTERNATIONAL PROGRAMS INCLUDING PAUL HARRIS SOCIETY, A PROGRAM FOR DISEASE PREVENTION & TREATMENT, PROVIDING WATER, SANITATION AND ECONOMIC & COMMUNITY DEVELOPMENT IN POVERTY STRICKEN AREAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Mullen Vice President | OfficerTrustee | 1 | $0 |
Becky Greenwald Treasurer | OfficerTrustee | 1 | $0 |
Jamie Boersma President | OfficerTrustee | 1 | $0 |
Kitte Morehouse Executive Dir. | Officer | 4 | $0 |
Dave Busick Director | Trustee | 1 | $0 |
Don Flannery Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,202 |
| Total Program Service Revenue | $0 |
| Investment income | $50,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $154,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,800 |
| Grants and other assistance to domestic individuals. | $63,072 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,225 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,961 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $157,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,626,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,645,541 |
| Accounts payable and accrued expenses | $6,464 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,464 |
| Net assets without donor restrictions | $2,556,067 |
| Net assets with donor restrictions | $83,010 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,645,541 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Des Moines Foundation has awarded $56,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: COMMUNITY SOCIAL ASSISTANCE | $40,000 |
Rock Island, IL PURPOSE: PAUL HARRIS SOCIETY & END POLIO | $16,800 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rotary Club Of Des Moines Foundation has recieved totaling $110,573.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $104,020 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,532 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $2,122,325 |
| Earnings | $547,108 |
| Admin Expense | $10,961 |
| Net Contributions | $54,500 |
| Grants | $86,000 |
| Ending Balance | $2,626,972 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenheart International Chicago, IL | $8,780,918 | $9,872,595 |
Nacel Open Door Inc St Paul, MN | $2,206,707 | $3,226,281 |
Intercultural Student Experiences Minneapolis, MN | $6,707,185 | $540,264 |
People To People International Kansas City, MO | $729,898 | $924,886 |
Pro Mathematica Arte Northfield, MN | $4,912,016 | $389,234 |
Friends Network St Paul, MN | $29,491 | $318,345 |
Reflections International Inc Fon Du Lac, WI | $20,123 | $330,381 |
Kobe College Corporation Northfield, IL | $4,881,262 | $315,843 |
Youth Service International Inc Chicago, IL | $468,646 | $325,582 |
Rotary Club Of Des Moines Foundation Des Moines, IA | $2,645,541 | $326,926 |
We Love To Uplift Incorporated Chicago, IL | $11,327 | $94,932 |
Ek Kadam Aur Highland Park, IL | $46,628 | $0 |