Thousand Oaks Rotary Foundation
- Assets
- $894.9k
- Revenue
- $147.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Thousand Oaks, CA
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 77-0297455
Organization Overview
Thousand Oaks Rotary Foundation is located in Thousand Oaks, CA. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thousand Oaks Rotary 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, Thousand Oaks Rotary Foundation generated $147.8k 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 (3.0%) each year. All expenses for the organization totaled $92.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thousand Oaks Rotary Foundation has awarded 21 individual grants totaling $612,245. 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 PROVIDE SCHOLARSHIP AWARDS TO INDIVIDUALS AND GRANTS TO OTHER NON PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURA COUNTY SPECIAL OLYMPICS - TO PROVIDE FUNDS FOR SPECIAL OLYMPICS ACTIVITIES.
ROTARY INTERNATIONAL FOUNDATION - MATCHING GRANTS FOR INTERNATIONAL PROJECTS.INDIA COVID 19 EQUIPMENT $22,050
SCHOLARSHIPS AWARDS TO LOCAL AREA RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wender Treasurer | Officer | 2 | $2,154 |
Nate Harimoto Board Member | Trustee | 2 | $0 |
Judy Lazar Board Member | Trustee | 2 | $0 |
Mike Murphy Board Member | Trustee | 2 | $0 |
Susan Murata Board Member | Trustee | 2 | $0 |
Herb Gooch Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,172 |
| Total Program Service Revenue | $0 |
| Investment income | $43,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,777 |
| Net Income from Fundraising Events | -$1,493 |
| Net Income from Gaming Activities | $12,087 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,047 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,154 |
| Compensation of current officers, directors, key employees. | $2,154 |
| 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 | $5,413 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $397 |
| 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 | $92,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$300 |
| 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 | $840,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $894,866 |
| Accounts payable and accrued expenses | $2,300 |
| Grants payable | $0 |
| Deferred revenue | $11,667 |
| 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 | $13,967 |
| Net assets without donor restrictions | $880,899 |
| 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 | $894,866 |
Grants Awarded
Over the last fiscal year, Thousand Oaks Rotary Foundation has awarded $62,647 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY INTERNATIONAL FOUND PURPOSE: JIM STOREHSE, INDIA COVID 19 POLIO | $32,000 |
VENTURA CNTY SPECIAL OLYMPICS PURPOSE: SPECIAL OLYMPICS | $30,647 |