Olympia Rotary Foundation
- Assets
- $1.4m
- Revenue
- $368.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 08/1982
- Data as of
- 06/2021
- EIN
- 91-1177255
Organization Overview
Olympia Rotary Foundation is located in Olympia, WA. The organization was established in 1982. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympia 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, Olympia Rotary Foundation generated $368.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $125.2k during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
HUMAN, COMMUNITY AND WORLD DEVELOPMENT WITH EMPHASIS ON YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMAN DEVELOPMENT PROJECTS FOR VARIOUS CHARITABLE ORGANIZATIONS
SCHOLARSHIPS FOR HIGH SCHOOL GRADUATING SENIORS IN THE OLYMPIA, WA AREA
SUPPORT INTERNATIONAL YOUTH EXCHANGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ned Owens Treasurer | OfficerTrustee | 1 | $0 |
Colleen Gillespie President | OfficerTrustee | 1 | $0 |
Gloria Strait Secretary | OfficerTrustee | 1 | $0 |
Cynthia Zechman Director | Trustee | 1 | $0 |
Skip Steffen Director | Trustee | 1 | $0 |
Mark Elliot Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,525 |
| Total Program Service Revenue | $0 |
| Investment income | $55,496 |
| 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 | $368,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,435 |
| Grants and other assistance to domestic individuals. | $18,875 |
| 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 | $5,859 |
| Fees for services: Other | $46 |
| 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 | $125,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,627 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,237,142 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,352,769 |
| 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 | $6,184 |
| Total liabilities | $6,184 |
| 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 | $1,346,585 |
| Total liabilities and net assets/fund balances | $1,352,769 |
Grants Awarded
Over the last fiscal year, Olympia Rotary Foundation has awarded $64,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: WATER PROJECT | $45,019 |
PATRONS OF SOUTH SOUND CULTURAL ARTS PURPOSE: EDUCATION | $19,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olympia Rotary Foundation has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Finninsula Foundation Inc Greenwich, CT PURPOSE: GENERAL CONTRIBUTION | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sightlife Seattle, WA | $23,044,860 | $16,633,348 |
Technology Access Foundation Seattle, WA | $12,276,133 | $3,880,579 |
South Eastern Idaho Community Pocatello, ID | $5,750,799 | $3,683,486 |
Family Works Seattle, WA | $2,665,626 | $3,151,440 |
Secondmuse Foundation Lake Oswego, OR | $2,254,621 | $2,298,432 |
Communities In Schools Of Renton- Tukwila Renton, WA | $2,187,162 | $3,137,824 |
Gold Bar Nature Trails Community Club Gold Bar, WA | $4,608,065 | $2,017,663 |
Center For Community Service Fund Seattle, WA | $63,241 | $1,798,281 |
Everett Rotary Youth Foundation Everett, WA | $5,251,251 | $570,441 |
Valdez Native Tribe Valdez, AK | $3,646,395 | $2,449,926 |
Mt Hood Kiwanis Camp Inc Portland, OR | $4,104,555 | $1,473,196 |
Benevolent & Protective Order Of Elks Of The Usa Hillsboro, OR | $27,412,101 | $896,930 |