Pompano Beach Rotary Fund Inc
- Assets
- $942.7k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 07/1980
- Data as of
- 06/2024
- EIN
- 59-1959469
Organization Overview
Pompano Beach Rotary Fund Inc is located in Pompano Beach, FL. The organization was established in 1980. 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. Pompano Beach Rotary Fund 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 06/2024, Pompano Beach Rotary Fund Inc generated $300.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $87.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pompano Beach Rotary Fund Inc has awarded 25 individual grants totaling $481,763. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO LOCAL AND INTERNATIONAL CHARITIES AND TO AWARD COLLEGE SCHOLARSHIPS TO LOCAL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO LOCAL AND INTERNATIONAL CHARITIES BASED UPON RECOMMENDATIONS BY THE BOARD OF DIRECTORS. REQUESTS ARE REVIEWED THOROUGHLY FOR CREDIBILITY OF ORGANIZAITON AND PURPOSE OF THE DONATION.
DONATIONS TO LOCAL AND INTERNATIONAL CHARITIES BASED UPON RECOMMENDATIONS BY THE BOARD OF DIRECTORS. REQUESTS ARE REVIEWED THOROUGHLY FOR CREDIBILITY OF ORGANIZAITON AND PURPOSE OF THE DONATION. ALSO, TO AWARD SCHOLARSHIPS TO LOCAL HIGH SCHOOL SENIORS BASED UPON NEED, SCHOLASTIC DESIRE AND CIVIC INVOLVEMENT.
TO AWARD SCHOLARSHIPS TO LOCAL HIGH SCHOOL SENIORS BASED UPON NEED, SCHOLASTIC DESIRE AND CIVIC INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mclain Director | Trustee | 1 | $0 |
Darryl Hinkle Treasurer | Officer | 1 | $0 |
Gene Pridemore Director | Trustee | 1 | $0 |
Whitney Metevia Director | Trustee | 1 | $0 |
Bernard Jack Prenner President | Officer | 1 | $0 |
Ghulam Usman Director | Trustee | 1 | $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 | $3,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,975 |
| Total Program Service Revenue | $0 |
| Investment income | $17,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,727 |
| Net Income from Fundraising Events | $27,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,575 |
| Grants and other assistance to domestic individuals. | $17,000 |
| 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 | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,590 |
| Fees for services: Other | $367 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $97 |
| Total functional expenses | $87,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,800 |
| Savings and temporary cash investments | $33,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $840,865 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $942,678 |
| Accounts payable and accrued expenses | $0 |
| 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 | $33,000 |
| Total liabilities | $33,000 |
| Net assets without donor restrictions | $0 |
| 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 | $909,678 |
| Total liabilities and net assets/fund balances | $942,678 |
Grants Awarded
Over the last fiscal year, Pompano Beach Rotary Fund Inc has awarded $64,575 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS OTHERWOODHOUSE INC | | | $20,475 |
DONATIONS ICSF CLEFT PALETTEICSF CLETT PALETTE FOUNDATION | | | $28,600 |
DONATIONS BSO | | | $8,000 |
REMAINING GIFTS LESS THAN 5000 | | | $7,500 |