Rotary International
- Assets
- $296.1k
- Revenue
- $397.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Greensboro, NC
- Founding
- 09/1942
- Data as of
- 06/2023
- EIN
- 56-1389940
Organization Overview
Rotary International is located in Greensboro, NC. The organization was established in 1942. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rotary International is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Rotary International generated $397.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $372.2k during the year ending 06/2023. While expenses have increased by 0.4% 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 LEADERSHIP AMONG YOUTH, PROVIDE SCHOLARSHIPS, EDUCATE LOCAL PROFESSIONALS ABOUT CULTURES AROUND THE WORLD AND SUPPORT LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL CLUB MEETINGS AND CONFERENCES; DISASTER RELIEF EXPENSES
SPECIAL PROJECTS INCLUDING AMBASSADOR OR GLOBAL SCHOLARSHIPS, GROUP STUDY EXCHANGE, BOYS & GIRLS, ROTARACT, RYLA/YOUTH EXCHANGES/LEADERSHIP, DISTRICT GRANTS TO CLUBS FOR SPECIFIC PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Scott Dg | OfficerTrustee | 4 | $0 |
Van Lankford Dge | OfficerTrustee | 4 | $0 |
Ron Pierce Dgn | OfficerTrustee | 2 | $0 |
Christopher Justice Pdg | OfficerTrustee | 1 | $0 |
Tommy Rosser Pdg | OfficerTrustee | 1 | $0 |
Andy Chused Treasurer | Officer | 2 | $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 | $117,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,079 |
| Total Program Service Revenue | $268,861 |
| Investment income | $1,234 |
| 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 | $397,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,165 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $30,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $327 |
| Advertising and promotion | $0 |
| Office expenses | $10,965 |
| 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 | $65,523 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,004 |
| Insurance | $685 |
| All other expenses | $24,989 |
| Total functional expenses | $372,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,821 |
| Savings and temporary cash investments | $241,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,194 |
| 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 | $7,763 |
| Net Land, buildings, and equipment | $1,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $296,102 |
| Accounts payable and accrued expenses | $28,883 |
| Grants payable | $0 |
| Deferred revenue | $18,860 |
| 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 | $47,743 |
| Net assets without donor restrictions | $239,540 |
| Net assets with donor restrictions | $8,819 |
| 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 | $296,102 |
Grants Awarded
Over the last fiscal year, Rotary International has awarded $161,253 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY INT'L & ROTARY CLUBS PURPOSE: COVID DISASTER RELIE | $28,918 |
ROTARY FOUNDATION PROJECTS GRANTSROTARY FOUNDATION PROJECTS GRANTS PURPOSE: ROTARY CLUB PROJECTS | $132,335 |