Rotary International is located in Kannapolis, 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 $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $10.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (21.1%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE COMMUNITY SERVICES THROUGH SCHOLARSHIPS, SERVICE PROJECTS AND FINANCIAL SUPPORT OF LOCAL ORGANIZATIONS. SUPPORT OF INTERNATIONAL PROJECTS THROUGH ROTARY INTERNATIONAL.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelica M Deaton Treasurer | 0 | $0 | |
Sam Moore Director | 0 | $0 | |
Kincaid Tom II Director | 0 | $0 | |
Bill Buchanan Director | 0 | $0 | |
Robert Kanofsky President | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,063 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,003 |
| Other Revenue | $2,292 |
| Total Revenue | $21,358 |
| 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 | $696 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,963 |
| Total expenses | $10,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,920 |
| Other assets | $0 |
| Total assets | $58,920 |
| Total liabilities | $715 |
| Net assets or fund balances | $58,205 |