Alex Rovello Memorial Foundation
- Assets
- $233.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 81-1069257
Organization Overview
Alex Rovello Memorial Foundation is located in Portland, OR. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Alex Rovello Memorial 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 12/2021, Alex Rovello Memorial Foundation generated $51.4k 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 (13.0%) each year. All expenses for the organization totaled $22.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SUPPORT FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS. AS WE HEADED INTO THE SECOND YEAR OF THE 2019 COVID PANDEMIC, WE WERE ALSO CHALLENGED BY WINTER SNOW AND ICE AND UNPRECEDENTED HEAT IN THE SUMMER. THE MASSIVE SNOW AND ICE STORM IN FEBRUARY CAUSED SIGNIFICANT DAMAGE TO MANY TREES IN BERKELEY PARK AND AREAS SURROUNDING THE COURTS. THE PARKS DEPT DID AND AMAZING JOB CLEARING THE DEBRIS, ALONG WITH REMOVING BROKEN BRANCHES LODGED IN THE TREES' CANOPIES. OVER THE PAST SIX YEARS WE HAVE HAD THESE TREES PRUNED TWICE BY ARBORISTS. THIS INTERVENTION POSSIBLY SAVED THE COURTS FROM CRITCAL DAMAGE. WE PLANTED NEW FLOWER BEDS SURROUNDING THE TENNIS COURT AND UPDATED ALL LANDSCAPING, INCLUDING A LARGE NATURAL STONE NEAR THE BYBEE ENTRANCE, THAT DOUBLES AS A BIRD FEEDER WHEN RAINWATER IS COLLECTED. ADDITIONAL PROJECTS COMPLETED THIS SPRING INCLUDED REPAIRING THE BACKBOARD, ALONG WITH HAVING THE COURTS PROFESSIONALLY POWER WASHED. THESE SPRING MAINTENANCE PROJECTS ASSURE THE GROUNDS AND COURTS WILL BE BEAUTIFUL FOR ALL TO ENJOY. AFTER 8 YEARS OF HEAVY USE THE COURTS ARE NOW DUE FOR THE RECOMMENDED RESURFACING. WE LOOK FORWARD TO COMPLETING THIS PROJECT IN THE SPRING OF 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geralyn Rovello President | 15 | $0 | |
James Rovello Vice Preside | 15 | $0 | |
Cindy Chace Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $82 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,432 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,530 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,966 |
| Total expenses | $22,496 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $233,760 |
| Other assets | $0 |
| Total assets | $233,760 |
| Total liabilities | $0 |
| Net assets or fund balances | $233,760 |