Rotary Club Of Lakeville Foundation is located in Lakeville, MN. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Lakeville 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, Rotary Club Of Lakeville Foundation generated $156.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $118.8k during the year ending 06/2022. While expenses have increased by 0.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVICE AND FINANCIAL SUPPORT TO LOCAL CHARITIES, STUDENTS AND ROTARY INTERNATIONAL EFFORTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE - CHARITABLE GRANTS BENEFITING OVER ONE THOUSAND PEOPLE IN LAKEVILLE AND SURROUNDING COMMUNITIES. CHARITIES SUPPORTED INCLUDE FOOD SHELVES, SCHOOLS, SCOUTING, DISABLED, SENIOR CITIZENS, YOUTH AND COMMUNITY.
YOUTH SERVICE - PROGRAMS DIRECTLY BENEFITING OVER 200 STUDENTS IN LAKEVILLE. MAIN EFFORTS INCLUDE STRIVE MENTORSHIP PROGRAM, SCHOLARSHIPS, CAMP RYLA, CAMP ENTERPRISE, STUDENT OF THE MONTH RECOGNITION.
INTERNATIONAL SERVIICE - SUPPORT FOR INTERNATIONAL EFFORTS TO ERADICATE POLIO, CLEAN WATER INITIATIVES, NUTRITION, AND YOUTH EXCHANGE PROGRAMS. OVERALL EFFORTS OF ROTARY INTERNATIONAL BENEFIT MILLIONS OF PEOPLE WORLDWIDE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathy Hughitt Secretary | OfficerTrustee | 5 | $8,917 |
Tom Von Hof President | OfficerTrustee | 5 | $0 |
Alan Williams Treasurer | OfficerTrustee | 5 | $0 |
Ken Wentworth President Elect | OfficerTrustee | 1 | $0 |
Craig Manson Vice President | Officer | 1 | $0 |
Steve Volavka Immediate Past President | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $7,400 |
Fundraising events | $100,254 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $48,340 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $155,994 |
Total Program Service Revenue | $0 |
Investment income | $220 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $156,214 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $42,139 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $62,126 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $7,617 |
Compensation of current officers, directors, key employees. | $7,617 |
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 | $828 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,300 |
Advertising and promotion | $600 |
Office expenses | $4,170 |
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 | $118,780 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $226,236 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,130 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $228,366 |
Accounts payable and accrued expenses | $53,695 |
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 | $53,695 |
Net assets without donor restrictions | $174,671 |
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 | $228,366 |
Over the last fiscal year, we have identified 2 grants that Rotary Club Of Lakeville Foundation has recieved totaling $730.
Awarding Organization | Amount |
---|---|
Jack And Sarah Matasosky Foundation Lakeville, MN PURPOSE: GENERAL OPERATING SUPPORT | $480 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $250 |
Organization Name | Assets | Revenue |
---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |