Rotary Club Of Wilmington Services Foundation
- Assets
- $174.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 51-0406343
Organization Overview
Rotary Club Of Wilmington Services Foundation is located in Wilmington, DE. The organization was established in 2001. 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 Wilmington Services 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 Wilmington Services Foundation generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $20.2k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDES GRANTS AND OTHER FINANCIAL AID PRIMARILY IN THE FORM OF VOCATIONAL, COMMUNITY YOUTH AND INTERNATIONAL SERVICE PROJECTS. GENERALLY, THE FOUNDATION DEVOTES ITS RESOURCES TO ONE SERVICE PROJECT PER YEAR, AS DETERMINED BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilfred B Sherk Trustee | 1 | $0 | |
Amy K Bielicki Trustee | 1 | $0 | |
Michael Staman Trustee | 1 | $0 | |
Jon R Hickey Trustee | 1 | $0 | |
David Young Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,212 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,212 |
| 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 | $7,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $94 |
| Total expenses | $20,214 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $173,948 |
| Other assets | $0 |
| Total assets | $173,965 |
| Total liabilities | $4,423 |
| Net assets or fund balances | $169,542 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Wilmington Services Foundation has awarded $32,065 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY FOUNDATION PURPOSE: TO AID MISSION. | $12,990 |
ROTARY CLUB OF WILMINGTON DELAWARE PURPOSE: TO AID MISSION. | $5,218 |
CAN-DO PLAYGROUND PURPOSE: TO AID MISSION. | $13,857 |