Cupertino Rotary Endowment Foundation
- Assets
- $3.4m
- Revenue
- $361.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/1991
- Data as of
- 06/2023
- EIN
- 77-0288042
Organization Overview
Cupertino Rotary Endowment Foundation is located in Cupertino, CA. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cupertino Rotary Endowment 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 06/2023, Cupertino Rotary Endowment Foundation generated $361.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $352.3k during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 7 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.
Since 2017, Cupertino Rotary Endowment Foundation has awarded 54 individual grants totaling $1,221,720. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING THROUGH DONATIONS AND GRANTS TO QUALIFIED CHARITABLE,SCIENTIFIC, EDUCATIONAL AND PUBLIC PURPOSE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS PRIMARY OBJECTIVE IS TO ENSURE THE STRENGTH OF THE CUPERTINO ROTARY PROGRAMS FAR INTO THE FUTURE BY CONTRIBUTING LOCALLY AND INTERNATIONALLY TO QUALIFIED CHARITABLE, SCIENTIFIC EDUCATIONAL AND PUBLIC PURPOSE ORGANIZATIONS.FOUR EVENTS HELD: GLOBAL ELEGANCE (FUNDRAISING FOR INTERNATIONAL PROJECTS), FALL FESTIVAL (COMMUNITY CULTURE AND ENTERTAINMENT), GOLF TOURNAMENT (FUNDRAISING FOR SPECIFIC BENEFICIARY AND OTHER LOCAL CHARITABLE PROJECTS), AND YEAR OF THE RABBIT (COMMUNITY CULTURE CELEBRATION THROUGH DECORATED RABBIT SCULPTURES SPONSORED BY INDIVIDUALS AND BUSINESSES).
YEAR OF RABBIT SPECIFIC ACTIVITIES CONDUCTED IN RECOGNITION OF CHINESE CULTURE, INCLUDING AUCTIONS FEATURING FIBERGLASS RABBITS DECORATED BY LOCAL ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Lucey President | OfficerTrustee | 16 | $0 |
Bob Adams Vice President | OfficerTrustee | 1 | $0 |
Rose Ann Woolpert Secretary | OfficerTrustee | 2 | $0 |
James Davis Treasurer | OfficerTrustee | 10 | $0 |
Pearl Cheng At Large | Trustee | 1 | $0 |
Steve Onishi Club President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $149,584 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,964 |
| Noncash contributions included in lines 1a–1f | $22,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,548 |
| Total Program Service Revenue | $0 |
| Investment income | $66,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,831 |
| Net Income from Fundraising Events | $4,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,327 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $23,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,139 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $420 |
| 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 | $352,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,461 |
| Savings and temporary cash investments | $350,698 |
| 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 | $2,841,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,384,001 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $260,370 |
| Net assets with donor restrictions | $3,123,631 |
| 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 | $3,384,001 |
Grants Awarded
Over the last fiscal year, Cupertino Rotary Endowment Foundation has awarded $106,802 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL ASSISTED HAPPINESS PURPOSE: Enhance youth well-being | $20,000 |
FOOTHILL-DEANZA FOUNDATION PURPOSE: College Scholarships | $23,388 |
ASIAN WOMENS SHELTER PURPOSE: support organization's mission | $5,254 |
ROTARY DISTRICT 5170 PURPOSE: Various charitable activities | $36,600 |
SELECTIVA CHARITIES PURPOSE: Ukraine Housing Project | $11,000 |
VIA WEST SERVICES PURPOSE: Support for disabled | $5,280 |