Reno Rotary Foundation
- Assets
- $1.3m
- Revenue
- $219.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 09/1992
- Data as of
- 06/2021
- EIN
- 88-0287496
Organization Overview
Reno Rotary Foundation is located in Reno, NV. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reno 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 06/2021, Reno Rotary Foundation generated $219.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $432.8k during the year ending 06/2021. 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
SERVES AS A STEWARD OF CHARITABLE EFFORTS FOR THE MISSIONS OF THE ROTARY CLUB OF RENO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL SERVICE- DONATIONS TO A PANAMA ORPHANAGE, THE ROTARY INTERNATIONAL FOUNDATION-PAUL HARRIS, POLIO PLUS AND WORLD COMMUNITY SERVICE PROJECTS
COMMUNITY SERVICE PROGRAMS AND VOCATIONAL SERVICE PROGRAMS CAREER COACHING PROGRAM-LUNCH FOR STUDENTS FROM HIGH-RISK MIDDLE SCHOOL WHERE THEY SPEND A DAY WITH A ROTARIAN VISITING AT LEAST TWO LOCAL BUSINESSES THAT THE STUDENTS MIGHT BE INTERESTED IN LEARNING ABOUT. TEACHER RECOGNITION AND LAW ENFORCEMENT AWARDS, VOCATIONAL SCHOLARSHIPS, CONTRIBUTION TO PUBLIC TV STATION KNPB, AND OTHER COMMUNITY PROJECTS THAT INCLUDES THE START UP EXPENSES OF A SCULPTURE PARK DOWNTOWN RENO.
YOUTH SERVICE PROJECTS-TO PROVIDE MONEY FOR THE ROTARY YOUTH LEADERSHIP PROGRAM WHICH SENDS HIGH SCHOOL STUDENTS FROM RENO/SPARKS AREA TO A LEADERSHIP CAMP. THE FOUNDATION HOLDS A MUSIC CONTEST AND A SPEECH CONTEST TO RECOGNIZE OUTSTANDING STUDENTS. SPONSOR A ROTARY YOUTH EXCHANGE TO PROVIDE FOREIGN EXCHANGE FOR INBOUND AND OUT- BOUND STUDENTS TO SPEND A YEAR ABROAD WITH OTHER ROTARY CLUBS. THE FOUNDATION ALSO SPONSORED FOUR SCHOOLS FOR THE MIDDLE SCHOOL LEADERSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corry Castaneda President | OfficerTrustee | 3 | $0 |
Tom Taelour Past President | OfficerTrustee | 3 | $0 |
Carl Fuetsch Secretary | OfficerTrustee | 3 | $0 |
Vic Bucher Treasurer | OfficerTrustee | 3 | $0 |
Art Rangel Director | Trustee | 2 | $0 |
Andrea Cantlon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,258 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,229 |
| Total Program Service Revenue | $0 |
| Investment income | $26,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,348 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $229,408 |
| 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 | $3,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,373 |
| 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 | $432,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,575 |
| Savings and temporary cash investments | $64,446 |
| 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 | $5,830 |
| Prepaid expenses and deferred charges | $15,087 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,211,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,332,109 |
| 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 | $599,609 |
| Net assets with donor restrictions | $732,500 |
| 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 | $1,332,109 |
Grants Awarded
Over the last fiscal year, Reno Rotary Foundation has awarded $49,204 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Reno, NV PURPOSE: CONTRIBUTION OF TO HELP PROVIDE NEEDED FUNDS FOR SCHOOL SUPPLIES AND OTHER NEEDED MATERIALS FOR WASHOE COUNTY SCHOOL DISTRICT'S LOCAL SCHOOLS. | $29,700 |
Reno, NV PURPOSE: TO CONTIRBUTE FUNDS TO VOCATIONAL SCHOLARSHIPS FOR TRUCKEE MEADOWS COMMUNITY COLLEGE. | $19,504 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reno Rotary Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Crystal Family Foundation Reno, NV PURPOSE: GENERAL | $2,500 |
The Crystal Family Foundation Reno, NV PURPOSE: GENERAL | $2,500 |
Endowment Analysis
| Beg. Balance | $526,440 |
| Earnings | $42,708 |
| Ending Balance | $569,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |