Southern Pines Rotary Club Charitable Foundation Inc
- Assets
- $382.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southern Pines, NC
- Founding
- 03/1981
- Data as of
- 12/2020
- EIN
- 58-1376787
Organization Overview
Southern Pines Rotary Club Charitable Foundation Inc is located in Southern Pines, NC. The organization was established in 1981. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Southern Pines Rotary Club Charitable Foundation Inc 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 12/2020, Southern Pines Rotary Club Charitable Foundation Inc generated $20.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $27.2k during the year ending 12/2020. While expenses have increased by 12.4% per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
PROVIDED GRANTS TO HELP IN VARIOUS PROJECTS INCLUDING:CAROLINA PHILHARMONIC (MUSIC EDUCATION), PINECREST HIGH SCHOOL (BANDINSTRUMENT) & AUTHORS IN MOORE SCHOOLS (PROVIDING BOOKS FOR SCHOOL CHILDREN).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wilson President | 2 | $0 | |
Reagan Parsons Director | 1 | $0 | |
Veronica Sanchez Director | 1 | $0 | |
Kathy Torrey Director | 1 | $0 | |
Rick Mcdermott Treasurer | 2 | $0 | |
Tom West Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,723 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13,984 |
| Gain or Loss | $2,978 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,685 |
| 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 | $3,279 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $501 |
| Total expenses | $27,182 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $382,259 |
| Other assets | $0 |
| Total assets | $382,259 |
| Total liabilities | $450 |
| Net assets or fund balances | $381,809 |
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