Rotary International
- Assets
- $365.5k
- Revenue
- $266.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 05/1958
- Data as of
- 06/2024
- EIN
- 56-1762868
Organization Overview
Rotary International is located in Charlotte, NC. The organization was established in 1958. 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 06/2024, Rotary International generated $266.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $244.7k during the year ending 06/2024. While expenses have increased by 1.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF HUMANITARIAN CAUSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED DISTRICT ROTARIANS AT DISTRICT CONFERENCES TO EDUCATE AND ENHANCE THE MEMBERS' UNDERSTANDING OF THE ROTARY PROGRAMS.
SMALL PROGRAMS WITH VARIOUS ROTARY CLUBS IN DISTRICT TO SUPPORT HUMANITARIAN CAUSES.
DISTRICT CONFERENCE FOR THE FOUNDATIONS'S ANNUAL BANQUET.
ROTARY YOUTH EXCHANGE - SENDS STUDENTS OVERSEAS TO STUDY FOR ONE YEAR AND BRINGS FOREIGN STUDENTS TO THE US SO THE STUDENTS CAN EXPERIENCE THE CREATION OF GLOBAL UNDERSTANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debb Corbett Ipdg | Officer | $0 | |
Jerald Coughter Dgn | Officer | $0 | |
Kevin Kendrick Dg | Officer | $0 | |
Donna Moffatt Dge | Officer | $0 | |
Wally Olson Secretary | Officer | $0 | |
Philip Volponi Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $151,643 |
| Fundraising events | $0 |
| Related organizations | $12,730 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,373 |
| Total Program Service Revenue | $97,566 |
| Investment income | $3,890 |
| 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 | $266,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,300 |
| Advertising and promotion | $1,197 |
| Office expenses | $302 |
| Information technology | $2,022 |
| 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 | $93,800 |
| Interest | $0 |
| Payments to affiliates | $1,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $71,765 |
| Total functional expenses | $244,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,101 |
| Savings and temporary cash investments | $306,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $480 |
| 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 | $19,135 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,250 |
| Total assets | $365,537 |
| Accounts payable and accrued expenses | $7,474 |
| 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 | $30,125 |
| Total liabilities | $37,599 |
| Net assets without donor restrictions | $327,938 |
| 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 | $365,537 |