Rotary Club Of Clearwater Charities Inc
- Assets
- $1.5m
- Revenue
- $83.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 04/1976
- Data as of
- 06/2023
- EIN
- 51-0188524
Organization Overview
Rotary Club Of Clearwater Charities Inc is located in Clearwater, FL. The organization was established in 1976. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Clearwater Charities Inc 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, Rotary Club Of Clearwater Charities Inc generated $83.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $19.9k during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 8 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
TO PROMOTE AND SUPPORT LOCAL HUMANITARIAN AND CHARITABLE PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROTARY CLUB OF CLEARWATER CHARITIES, INC. (RCC CHARITIES) FUNCTIONS TO ASSIST THE ROTARY CLUB OF CLEARWATER AND ITS MEMBERS IN RAISING FUNDS TO SUPPORT CHARITABLE ACTIVITIES IN AND AROUND THE CITY OF CLEARWATER AND TO ACT AS CUSTODIAN FOR CONTRIBUTIONS FROM INDIVIDUAL ROTARIANS AND OTHERS. THOSE FUNDS ARE HELD UNTIL THE BOARD OF THE ROTARY CLUB OF CLEARWATER PROVIDES DIRECTION ON WHICH CHARITABLE ACTIVITIES ARE SELECTED FOR FUNDING. FINAL APPROVAL IS PROVIDED BY THE BOARD OF DIRECTORS OF RCC CHARITIES BEFORE ANY FUNDS ARE EXPENDED.(CONTINUED ON SCHEDULE O)EACH YEAR, THE CHARITIES SELECTION COMMITTEE OF THE ROTARY CLUB OF CLEARWATER (CLUB) SELECTS WORTHY LOCAL AND ROTARY INTERNATIONAL CAUSES TO SUPPORT. CHARITABLE FUNDS ARE RAISED THROUGH CLUB FUNDRAISERS SUCH AS THE ANNUAL KINGFISH TOURNAMENT, THE GOLF TOURNAMENT, AND OTHER EVENTS. IN ADDITION TO SUPPORTING CHARITIES FINANCIALLY, CLUB MEMBERS PROVIDE NUMEROUS CHARITIES WITH THE GIFT OF THEIR TIME AND INVOLVEMENT IN THE COMMUNITY.THE CLUB AND RCC CHARITIES IS PROUD TO HAVE SUPPORTED THE FOLLOWING LOCAL CHARITIES AS RECIPIENTS OF OUR ANNUAL CHARITY GRANTS FOR FISCAL 2023: READING IS FUNDAMENTAL, THE ROTARY FOUNDATION, AND THE CART FUND.
EACH YEAR, SENIORS FROM A LOCAL HIGH SCHOOL ARE REWARDED $2,500 SCHOLARSHIPS FOR CONTINUING POST-SECONDARY EDUCATION COSTS. THE SCHOLARSHIPS ARE GRANTED TO YOUTH WHO HAVE DEMONSTRATED EXCEPTIONAL CHARACTER AND RESILIENCE WHILE SUCCEEDING DESPITE THE ODDS IN DIFFICULT HOMES, HEALTH, OR OTHER CIRCUMSTANCES. MANY STUDENTS WHO WIN THESE SCHOLARSHIPS ARE THE FIRST MEMBERS OF THEIR FAMILY TO ATTEND COLLEGE. SCHOLARSHIPS AWARDED ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Watrous Chairman | OfficerTrustee | 1 | $0 |
Andy Burwell Vice Chairman | OfficerTrustee | 1 | $0 |
Stephen Fowler Secretary | OfficerTrustee | 1 | $0 |
Robert Coston Director | Trustee | 1 | $0 |
Andrew Denis Director | Trustee | 1 | $0 |
George Greer 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 | $16,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,057 |
| Total Program Service Revenue | $0 |
| Investment income | $36,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,920 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,384 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $74 |
| 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 | $19,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,880 |
| Savings and temporary cash investments | $114,534 |
| 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 | $1,241,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,475,183 |
| 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 | $136,443 |
| Net assets with donor restrictions | $1,338,740 |
| 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 | $1,475,183 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Clearwater Charities Inc has awarded $17,235 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLEARWATER SALVATION ARMY TRUST PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,000 |
HOMELESS EMPOWERMENT PROGRAM PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $6,800 |
YMCA OF THE SUNCOAST INC PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,435 |