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 3 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $27.2k during the year ending 12/2020. While expenses have increased by 26.3% per year over the past 3 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).
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wilson President | 2 | $0 | |
Tom West Director | 1 | $0 | |
Kathy Torrey Director | 1 | $0 | |
Scott Kittrell Vice President | 2 | $0 | |
Veronica Sanchez Director | 1 | $0 | |
Reagan Parsons Director | 1 | $0 |
| 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 |