Rotary Club Of Des Moines
- Assets
- $735.1k
- Revenue
- $174.7k
- Investments
- $352.5k
- Employees
- 0
- Location
- Adel, IA
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 42-1468750
Organization Overview
Rotary Club Of Des Moines is located in Adel, IA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education 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 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 12/2023, Rotary Club Of Des Moines generated $174.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $95.0k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL OPPORTUNITIES FOR YOUNG PEOPLE IN THE DES MOINES AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION GRANT PROGRAM- ANNUAL PROGRAM TO BENEFIT LOCAL CHARITABLE ORGANIZATIONS WITH A REQUIREMENT THAT A MEMBER OF THE CLUB SIGNS THE APPLICATION AS A SPONSOR. PREFERENCE IS GIVEN TO CHARITIES, ENTITIES AND/OR ORGANIZATIONS THAT IMPROVE THE LIFE OF FAMILIES AND/OR CHILDREN IN THE DES MOINES AREA. ORGANIZATIONS MUST IDENTIFY A SPECIFIC PROJECT THE FUNDS WILL BE APPLIED TOWARD AND USE THE MONEY LOCALLY.
PROGRAM SERVICES INCLUDING CONNECTION CAFE, MULTI CLUB, UGANDA PROJECT AND OTHERS.
GARDEN GATE RANCH - ASSIST YOUNG WOMEN WHO HAVE BEEN INVOLVED IN HUMAN TRAFFICKING BY PROVIDING SUPPORT AND HOUSING.
DISTRICT GRANT PROJECT - MARQUEE SIGN AT DRAKE TRIANGLE PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Korte President | OfficerTrustee | 2 | $0 |
Jennifer Chittenden Vice President | OfficerTrustee | 1 | $0 |
Mark Schaul Treasurer | OfficerTrustee | 1 | $0 |
Joe Stopulos Secretary | OfficerTrustee | 1 | $0 |
John Bouslog Director | Trustee | 1 | $0 |
Tara Connolly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,735 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,803 |
| Total Program Service Revenue | $22,838 |
| Investment income | $21,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $40,088 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,725 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,000 |
| 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 | $21,318 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $94,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,041 |
| Savings and temporary cash investments | $0 |
| 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 | $251,571 |
| Investments—other securities | $352,464 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $735,076 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $735,076 |
| Net assets with donor restrictions | $0 |
| 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 | $735,076 |