Rotary Club 29 Foundation
- Assets
- $2.4m
- Revenue
- $363.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 03/1960
- Data as of
- 06/2022
- EIN
- 73-6093582
Organization Overview
Rotary Club 29 Foundation is located in Oklahoma City, OK. The organization was established in 1960. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Rotary Club 29 Foundation 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 Club 29 Foundation generated $363.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $428.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rotary Club 29 Foundation has awarded 23 individual grants totaling $625,827. 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
ROTARY CLUB 29 FOUNDATION WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING SUPPORT FOR THE PHILANTHROPIC PROJECTS OF THE ROTARY CLUB OF OKLAHOMA CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIES INCLUDING DISASTER RELIEF AND LOCAL, DOMESTIC AND INTERNATIONAL GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim David Director | Trustee | 2 | $0 |
Mike Coats Director - Secretary | Trustee | 2 | $0 |
Steve Kerr Director | Trustee | 2 | $0 |
Chuck Wiggin Director | Trustee | 2 | $0 |
Sarah Roberts Director | Trustee | 2 | $0 |
Jane Jenkins Director | Trustee | 2 | $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 | $683,178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $683,178 |
| Total Program Service Revenue | $0 |
| Investment income | $57,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $270,170 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $42,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,742 |
| 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 | $0 |
| Total functional expenses | $428,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,679 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,493 |
| 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 | $1,956,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,705 |
| Total assets | $2,379,532 |
| Accounts payable and accrued expenses | $84,546 |
| 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 | $33,867 |
| Total liabilities | $118,413 |
| Net assets without donor restrictions | $1,665,271 |
| Net assets with donor restrictions | $595,848 |
| 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 | $2,379,532 |
Grants Awarded
Over the last fiscal year, Rotary Club 29 Foundation has awarded $240,170 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY FOUNDATION OF ROTARY INT PURPOSE: Various Global Grants | $27,000 |
CALM WATERS CENTER FOR CHILDREN & F PURPOSE: Grant | $18,620 |
RESTORE OKC PURPOSE: One Pledge Project | $85,200 |
OKLAHOMA CITY PUBLIC SCHOOLS FOUNDA PURPOSE: 21-22 Literacy Project - One Pledge | $15,000 |
WORLD VISION INC PURPOSE: Matching Grant Account GG Contribution | $94,350 |