Charles County Rotary Foundation Incorporated is located in Laplata, MD. The organization was established in 1996. 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. Charles County Rotary Foundation Incorporated 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 06/2024, Charles County Rotary Foundation Incorporated generated $115.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $67.0k during the year ending 06/2024. While expenses have increased by 4.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS AND DONATIONS TO OTHER EXEMPT ORGANIZATIONS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Hungerford IV Chairman | 2 | $0 | |
Gregory C Cockerham Sectretary | 2 | $0 | |
Brooke Reiman Director | 1 | $0 | |
E Larry Sanders III Treasurer | 2 | $0 | |
Josh Joson Director | 1 | $0 | |
Gordon Schrader Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,075 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $42,177 |
| Gain or Loss | $4,953 |
| Net Income from Gaming & Fundraising | $27,827 |
| Other Revenue | $0 |
| Total Revenue | $115,032 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $714 |
| Total expenses | $66,960 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $450,526 |
| Other assets | $0 |
| Total assets | $454,667 |
| Total liabilities | $570 |
| Net assets or fund balances | $454,097 |