Marco Island Sunrise Rotary Club Foundation Inc
- Assets
- $220.1k
- Revenue
- $40.4k
- Investments
- $220.1k
- Employees
- 0
- Location
- Marco Island, FL
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 65-0520936
Organization Overview
Marco Island Sunrise Rotary Club Foundation Inc is located in Marco Island, FL. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Marco Island Sunrise Rotary Club 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 12/2022, Marco Island Sunrise Rotary Club Foundation Inc generated $40.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $24.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Marco Island Sunrise Rotary Club Foundation Inc has awarded 100 individual grants totaling $135,375. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLEGE SCHOLARSHIPS TO 15 AREA STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Wagor Treasurer | 0 | $0 | |
Wanda Burson Secretary | 0 | $0 | |
Debra Shanahan Funds Adminstrator | 0 | $0 | |
Eugenio Cardenas Director | 0 | $0 | |
Kevin Sullivan Director | 0 | $0 | |
Jim Prange Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,501 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,026 |
| Capital Gain Net Income | $20,026 |
| Net ST Capital Gain | $695 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,818 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $6,150 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $24,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $220,124 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marco Island Sunrise Rotary Club Foundation Inc has awarded $18,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FINLEGH FITTON PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
MORGAN BOXSON PURPOSE: COLLEGE SCHOLARSHIP | $500 |
SAMANTHA BRUSCINI PURPOSE: COLLEGE SCHOLARSHIP | $1,500 |
CHELSEA CASABONA PURPOSE: COLLEGE SCHOLARSHIP | $500 |
DANIEL NGUYEN PURPOSE: COLLEGE SCHOLARSHIP | $500 |
NICOLE BRUNSON PURPOSE: COLLEGE SCHOLARSHIP | $1,500 |