Gilroy Rotary Club Endowment Inc
- Assets
- $1.0m
- Revenue
- $261.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 08/1996
- Data as of
- 06/2022
- EIN
- 77-0328629
Organization Overview
Gilroy Rotary Club Endowment Inc is located in Gilroy, CA. The organization was established in 1996. 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. Gilroy Rotary Club Endowment 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, Gilroy Rotary Club Endowment Inc generated $261.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $96.5k during the year ending 06/2022. While expenses have increased by 7.5% 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, Gilroy Rotary Club Endowment Inc has awarded 12 individual grants totaling $175,920. 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 CHARITABLE, YOUTH-ORIENTED AND EDUCATIONAL ACTIVITIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO VARIOUS PROGRAMS OF LOCAL SCHOOLS AND ORGANIZATIONS. GRANTS ARE GIVEN DIRECTLY TO THE ORGANIZATION OR TO VARIOUS SCHOOLS, CLUBS AND BOOSTER ORGANIZATIONS.
PROVIDED SCHOLARSHIP FUNDS FOR POST-SECONDARY EDUCATION COSTS FOR A STUDENT LIVING OR GOING TO SCHOOL IN THE COMMUNITY.
PROVIDED FINANCIAL SUPPORT TO CITY OF GILROY FOR YOUTH CENTER COMMUNITY SERVICE PROGRAMS FOR THE BETTERMENT OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kent Vice President | OfficerTrustee | 1 | $0 |
Jay Baksa Secretary | OfficerTrustee | 1 | $0 |
Ed Seledon Assistant CFO | OfficerTrustee | 1 | $0 |
Mike Dorn CFO | OfficerTrustee | 2 | $0 |
Denise Brolin Director | OfficerTrustee | 1 | $0 |
Bob Wagner President | OfficerTrustee | 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 | $126,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,055 |
| Total Program Service Revenue | $0 |
| Investment income | $10,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,156 |
| Grants and other assistance to domestic individuals. | $33,000 |
| 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 | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,983 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $96,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,991 |
| Savings and temporary cash investments | $0 |
| 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 | $999,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,042,185 |
| 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 | $0 |
| 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 | $1,042,185 |
| Total liabilities and net assets/fund balances | $1,042,185 |
Grants Awarded
Over the last fiscal year, Gilroy Rotary Club Endowment Inc has awarded $55,156 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALL 5000 OR LESS PURPOSE: VARIOUS - SEE FORM 990, PART III | $39,493 |
GILROY HIGH SCHOOL PURPOSE: VARIOUS - SEE FORM 990, PART III | $15,663 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gilroy Rotary Club Endowment Inc has recieved totaling $11,257.
| Awarding Organization | Amount |
|---|---|
Rotary International Gilroy, CA PURPOSE: SEE SCHEDULE R | $11,257 |
Endowment Analysis
| Beg. Balance | $1,154,019 |
| Earnings | -$193,134 |
| Admin Expense | $8,358 |
| Net Contributions | $126,055 |
| Grants | $88,156 |
| Ending Balance | $990,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bayview Hunters Point Foundation San Francisco, CA | $2,481,067 | $10,177,517 |
Price Charities La Jolla, CA | $164,280,959 | $10,990,716 |
The A21 Campaign Inc Santa Ana, CA | $5,387,763 | $11,083,951 |
Mind Oc Irvine, CA | $53,343,760 | $16,090,055 |
Pomeroy Recreation And Rehabilitation Center San Francisco, CA | $31,085,839 | $13,480,522 |
University Muslim Medical Association Inc Los Angeles, CA | $12,401,964 | $10,854,261 |
Friendly House Inc Phoenix, AZ | $7,870,507 | $9,211,511 |
St Vincent De Paul Society San Rafael, CA | $12,909,798 | $10,000,754 |
Safe Place For Youth Marina Del Rey, CA | $3,604,581 | $8,768,590 |
Marthas Kitchen San Jose, CA | $10,899,790 | $10,032,093 |
Ho Ola Lahui Hawaii Lihue, HI | $5,116,991 | $9,754,999 |
Community Action Of Napa Valley Napa, CA | $6,369,464 | $9,725,210 |