Rotary Fund Of Louisville Inc
- Assets
- $2.9m
- Revenue
- $261.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 07/1953
- Data as of
- 06/2022
- EIN
- 61-6029858
Organization Overview
Rotary Fund Of Louisville Inc is located in Louisville, KY. The organization was established in 1953. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Fund Of Louisville 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 06/2022, Rotary Fund Of Louisville Inc generated $261.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $167.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rotary Fund Of Louisville Inc has awarded 67 individual grants totaling $394,025. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HUMANITARIAN EFFORTS BOTH AT HOME (METRO LOUISVILLE, KY) AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT PUBLIC CHARITIES (IRC 501(C)(3)) WORKING IN THE METRO LOUISVILLE AREA INCLUDING COLLEGE SCHOLARSHIPS FOR QUALIFIED YOUTH. IN ADDITION, THE FUND MAKES GRANTS TO CHARITABLE ORGANIZATIONS SUPPORTED BY ROTARY INTERNATIONAL.
THEODORE BUERCK SCHOLARSHIP - RENEWABLE SCHOLARSHIPS TO LOCAL COLLEGES GIVEN TO 'UNSUNG HEROES' STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Hudson Flanery Secretary | OfficerTrustee | 0.1 | $0 |
Julie Schmidt Chair | OfficerTrustee | 0.1 | $0 |
Walt Kunau Vice-Chair | OfficerTrustee | 0.1 | $0 |
Mike Richardson Treasurer | OfficerTrustee | 0.1 | $0 |
Alyssa Evans-Tourinho Executive Director | Officer | 5 | $0 |
Paul Bickel Director | Trustee | 0.1 | $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 | $14,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,175 |
| Total Program Service Revenue | $0 |
| Investment income | $37,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $209,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,983 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,874 |
| 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 | $20,000 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,706 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $306 |
| 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 | $1,047 |
| Total functional expenses | $167,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,545 |
| 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 | $2,629,548 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,855,093 |
| Accounts payable and accrued expenses | $175,880 |
| 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 | $0 |
| Total liabilities | $175,880 |
| Net assets without donor restrictions | $2,679,213 |
| 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 | $2,855,093 |
Grants Awarded
Over the last fiscal year, Rotary Fund Of Louisville Inc has awarded $59,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: WEST LOUISVILLE HOUSING INITIATIVE GRANT | $28,000 |
Louisville, KY PURPOSE: UNSUNG HERO | $9,500 |
Louisville, KY PURPOSE: KIDS KORNER DENTAL CLINIC | $9,000 |
Louisville, KY PURPOSE: SUPPORT LOCAL PROGRAMS | $6,650 |
Evanston, IL PURPOSE: LAKE VICTORIA INTERNATIONAL PROJECT | $6,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rotary Fund Of Louisville Inc has recieved totaling $12,050.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Southern Indiana Inc New Albany, IN PURPOSE: GENERAL SUPPORT | $12,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: YOUTH ORGANIZATIONS | $50 |
Endowment Analysis
| Beg. Balance | $19,463 |
| Net Contributions | $3,190 |
| Ending Balance | $22,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |