Hailey Rotary Foundation Inc
- Assets
- $505.9k
- Revenue
- $27.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hailey, ID
- Founding
- 11/1997
- Data as of
- 07/2021
- EIN
- 82-0497133
Organization Overview
Hailey Rotary Foundation Inc is located in Hailey, ID. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hailey Rotary Foundation 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 07/2021, Hailey Rotary Foundation Inc generated $27.5k 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 (13.9%) each year. All expenses for the organization totaled $51.3k during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLARSHIP AWARDS AND CHARITABLE GIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF HAILEY ROTARY FOUNDATION IS TO AWARD SCHOLARSHIPS TO HIGH SCHOOL GRADUATING SENIORS WHO ARE CONTINUING THEIR EDUCATION, EITHER IN AN ACADEMIC OR TRADE SCHOOL OF HIGHER LEARNING. ELIGIBLE STUDENTS ARE THOSE GRADUATING FROM ONE OF THE HIGH SCHOOLS LOCATED IN BLAINE COUNTY, IDAHO. STUDENTS SUBMIT A WRITTEN APPLICATION TO THE SCHOLARSHIP COMMITTEE. THE APPLICATIONS ARE REVIEWED AND STUDENTS ARE INTERVIEWED BY THE COMMITTEE. SCHOLARSHIPS ARE AWARDED IN MAY OF EACH YEAR. IN ADDITION TO THE ABOVE THE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO INDIVIDUALS TAKING HIGHER EDUCATION CLASSES AT THE COLLEGE OF SOUTHERN IDAHO JUNIOR COLLEGE BRANCH LOCATED IN HAILEY, IDAHO. AS FUNDS ARE AVAILABLE THE FOUNDATION ALSO CONTRIBUTES TO LOCAL AND INTERNATIONAL CHARITABLE ORGANIZATIONS.
GAMING EVENTTHE FOUNDATION HAS ONE GAMING EVENT NAMED ROAD APPLE ROULETTE. THE EVENT TAKES PLACE ON THE 4TH OF JULY DURING THE ANNUAL DAYS OF THE OLD WEST PARADE. PRIOR TO THE 4TH OF JULY VOLUNTEERS SELL TICKETS WHICH ALLOWS THE PURCHASER TO HAVE THEIR NAME ON A CLOUD BASED, ONE SQUARE FOOT ON MAIN STREET IN HAILEY, IDAHO. THE SQUARE IS RANDOMLY ASSIGNED TO THE PURCHASER AND IS KEPT TRACK VIA GPS. TICKET PURCHASERS CAN GO ONLINE TO A WEB SIRE TO SEE WHERE THEIR SQUARES ARE ON MAIN STREET. ON PARADE DAY AS HORSES WALK DOWN MAIN STREET THEY NATURALLY HAVE DROPPINGS. THE LOCATION OS THE DROPPINGS IS RELAYED TO THE GPS AND IT IS DETERMINED THE PERSONS NAME WHO IS IN THAT SQUARE. ALL OF THE WINNERS NAMES ARE PUT IN A HAT AND NAMES ARE DRAWN FOR PRIZES. DUE TO COVID-19, THE EVENT DID NOT TAKE PLACE THIS YEAR.
THE PRIMARY PURPOSE OF HAILEY ROTARY FOUNDATION IS TO AWARD SCHOLARSHIPS TO HIGH SCHOOL GRADUATING SENIORS WHO ARE CONTINUING THEIR EDUCATION, EITHER IN AN ACADEMIC OR TRADE SCHOOL OF HIGHER LEARNING. ELIGIBLE STUDENTS ARE THOSE GRADUATING FROM ONE OF THE HIGH SCHOOLS LOCATED IN BLAINE COUNTY, IDAHO. STUDENTS SUBMIT A WRITTEN APPLICATION TO THE SCHOLARSHIP COMMITTEE. THE APPLICATIONS ARE REVIEWED AND STUDENTS ARE INTERVIEWED BY THE COMMITTEE. SCHOLARSHIPS ARE AWARDED IN MAY OF EACH YEAR. IN ADDITION TO THE ABOVE THE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO INDIVIDUALS TAKING HIGHER EDUCATION CLASSES AT THE COLLEGE OF SOUTHERN IDAHO JUNIOR COLLEGE BRANCH LOCATED IN HAILEY, IDAHO. AS FUNDS ARE AVAILABLE THE FOUNDATION ALSO CONTRIBUTES TO LOCAL AND INTERNATIONAL CHARITABLE ORGANIZATIONS.
GAMING EVENTTHE FOUNDATION HAS ONE GAMING EVENT NAMED ROAD APPLE ROULETTE. THE EVENT TAKES PLACE ON THE 4TH OF JULY DURING THE ANNUAL DAYS OF THE OLD WEST PARADE. PRIOR TO THE 4TH OF JULY VOLUNTEERS SELL TICKETS WHICH ALLOWS THE PURCHASER TO HAVE THEIR NAME ON A CLOUD BASED, ONE SQUARE FOOT ON MAIN STREET IN HAILEY, IDAHO. THE SQUARE IS RANDOMLY ASSIGNED TO THE PURCHASER AND IS KEPT TRACK VIA GPS. TICKET PURCHASERS CAN GO ONLINE TO A WEB SIRE TO SEE WHERE THEIR SQUARES ARE ON MAIN STREET. ON PARADE DAY AS HORSES WALK DOWN MAIN STREET THEY NATURALLY HAVE DROPPINGS. THE LOCATION OS THE DROPPINGS IS RELAYED TO THE GPS AND IT IS DETERMINED THE PERSONS NAME WHO IS IN THAT SQUARE. ALL OF THE WINNERS NAMES ARE PUT IN A HAT AND NAMES ARE DRAWN FOR PRIZES. DUE TO COVID-19, THE EVENT DID NOT TAKE PLACE THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Redgy Christensen President | Officer | 3 | $0 |
Carolyn Lister Treasurer | Officer | 3 | $0 |
Chad Howard Director | Trustee | 2 | $0 |
Wendell Cayton Director | Trustee | 2 | $0 |
Dan Smith Director | Trustee | 2 | $0 |
Jane Dulac Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $638 |
| Related organizations | $1,150 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,533 |
| Total Program Service Revenue | $0 |
| Investment income | $10,944 |
| 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 | $27,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,423 |
| Grants and other assistance to domestic individuals. | $28,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,569 |
| 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 | $51,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,803 |
| 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 | $421,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $505,908 |
| 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 | $505,908 |
| Total liabilities and net assets/fund balances | $505,908 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hailey Rotary Foundation Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
Nora Eccles Treadwell Charitable Tr Salt Lake City, UT | $83,095,569 | $16,615,189 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
Ryan And Ashley Smith Foundation Salt Lake City, UT | $70,867,481 | $2,917,603 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Ronald W Naito Md Foundation Portland, OR | $42,239,889 | $5,436,826 |