Boulder Rotary Club Foundation Inc
- Assets
- $1.0m
- Revenue
- $138.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 84-1234841
Organization Overview
Boulder Rotary Club Foundation Inc is located in Boulder, CO. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public 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. Boulder Rotary Club 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 12/2021, Boulder Rotary Club Foundation Inc generated $138.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $141.2k during the year ending 12/2021. While expenses have increased by 8.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND MAINTAIN A FUND OR FUNDS AND APPLY THE PRINCIPAL AND INCOME THEREFORE, AND ANY OTHER PROPERTY OR FUNDS OF THE FOUNDATION, TO SUCH CHARITABLE, RELIGIOUS, SCIENTIFIC OR EDUCATIONAL USES AND PURPOSES AS WILL, IN THE ABSOLUTE AND UNCONTROLLED DISCRETION OF THE TRUSTEES OF THE FOUNDATION, MOST EFFECTIVELY ASSIST, ENCOURAGE AND ADVANCE THE OBJECTIVES, PURPOSES AND PROGRAMS OF THE BOULDER ROTARY CLUB AS EXPRESSED IN ITS CONSTITUTION; AND TO PROMOTE THE OBJECTIVES AND PURPOSES OF ROTARY INTERNATIONAL; AND TO THESE ENDS ORGANIZE, ESTABLISH AND MAINTAIN CHARITABLE, RELIGIOUS, SCIENTIFIC AND EDUCATIONAL ACTIVITIES, AGENCIES AND INSTITUTIONS ALREADY ESTABLISHED OR TO BE ESTABLISHED WHICH, FROM TIME TO TIME, SHALL SEEM EXPEDIENT OR DESIRABLE TO SAID TRUSTEES, PROVIDED, ALWAYS, THAT THE FOUNDATION SHALL NEVER HAVE OR EXERCISE ANY OBJECTIVES OR PURPOSES EXCEPT SUCH AS SHALL IN LAW BE DEEMED CHARITABLE, RELIGIOUS, SCIENTIFIC OR EDUCATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOULDER ROTARY CLUB - AUGMENT FINANCIAL SUPPORT OF BOULDER ROTARY CLUB ("BRC") SERVICE ACTIVITIES, INCLUDING IN PARTICULAR SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES ATTENDING: (1) VOCATIONAL PROGRAMS WITHIN COLORADO, AND (2) COLORADO COLLEGES AND UNIVERSITIES, AS WELL AS OPPORTUNITIES FOR STUDY ABROAD. OTHER EXAMPLES OF SUPPORT INCLUDE: (A) LITERACY PROGRAMS FOR A VARIETY OF AGES - INCLUDING YOUNG CHILDREN (SUPPORT OF IMAGINATION LIBRARY PROGRAM FOR BOULDER-AREA UNDER-PRIVILEGED CHILDREN) AS WELL AS ADULT LEARNERS (RECOGNITION OF THE ACCOMPLISHMENTS OF ADULTS WHO BECAME LITERATE LATER IN LIFE), (B) SUPPORT OF IN-BOUND ROTARY FOREIGN EXCHANGE STUDENTS, AND (C) NATIONAL AND LOCAL SERVICE PROJECTS IN WHICH BRC IS INVOLVED AND MAY PARTICIPATE WITH OTHER ROTARY CLUBS.
RUNNING STRONG FOR AMERICAN INDIAN YOUTH GRANTS FOR THE PURPOSE OF PROVIDING CLEAN WATER TO FIFTEEN HOUSES IN THE PINE RIDGE RESERVATION IN SOUTH DAKOTA BY RUNNING WATER PIPES TO EACH HOUSE WHICH PREVIOUSLY HAD NO ACCESS TO CLEAN WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kitty Dekieffer Chair | OfficerTrustee | 3 | $0 |
Helena Kottke Past Chair | Trustee | 3 | $0 |
Michael Mchale Trustee | Trustee | 1 | $0 |
Cassidy Murphy Trustee | Trustee | 1 | $0 |
Michael Brady Treasurer | Trustee | 3 | $0 |
John Regur Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,681 |
| Total Program Service Revenue | $0 |
| Investment income | $14,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,321 |
| Net Income from Fundraising Events | $2,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,038 |
| 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 | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,913 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $421 |
| Information technology | $4,000 |
| 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 | $141,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,191 |
| 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 | $1,002,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,020,121 |
| 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 | $1,020,121 |
| Total liabilities and net assets/fund balances | $1,020,121 |
Grants Awarded
Over the last fiscal year, Boulder Rotary Club Foundation Inc has awarded $106,065 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: COMMUNITY WORKS | $59,563 |
Alexandria, VA PURPOSE: CLEAN WATER | $46,502 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Boulder Rotary Club Foundation Inc has recieved totaling $46,901.
| Awarding Organization | Amount |
|---|---|
Leo Hill Charitable Tr Denver, CO PURPOSE: GENERAL FUND | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $151 |
Endowment Analysis
| Beg. Balance | $574,925 |
| Earnings | $61,313 |
| Other Expense | -$22,995 |
| Ending Balance | $613,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |