Alderwood Terrace Rotary Foundation
- Assets
- $344.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynnwood, WA
- Founding
- 07/1999
- Data as of
- 06/2023
- EIN
- 91-1675176
Organization Overview
Alderwood Terrace Rotary Foundation is located in Lynnwood, WA. The organization was established in 1999. 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. Alderwood Terrace 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 06/2023, Alderwood Terrace Rotary Foundation generated $95.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $72.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alderwood Terrace Rotary Foundation has awarded 29 individual grants totaling $262,126. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORTING FAMILIES AND STUDENTS IN THEIR EDUCATION AND EXTRACURRICULAR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Wood President | 1 | $0 | |
Scott Minnig Secretary/treas | 2 | $0 | |
Steve Gregory Director | 1 | $0 | |
Mike Cordova Director | 1 | $0 | |
Gary Hopper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,255 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,570 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $50,190 |
| Other Revenue | $0 |
| Total Revenue | $95,015 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $1,320 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $500 |
| Total expenses | $72,807 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $344,055 |
| Other assets | $0 |
| Total assets | $344,055 |
| Total liabilities | $6,139 |
| Net assets or fund balances | $337,916 |
Grants Awarded
Over the last fiscal year, Alderwood Terrace Rotary Foundation has awarded $31,883 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY DISTRICT 5030 PURPOSE: ECONOMIC ASSISTANCE | $10,438 |
NW SCHOOL FOR THE DEAF PURPOSE: ECONOMIC ASSISTANCE | $6,000 |
EDMONDS SCHOOL DISTRICT PURPOSE: ECONOMIC ASSISTANCE | $8,445 |
SOUTH SNOHOMISH COUNTY HONOR GUARD PURPOSE: ECONOMIC ASSISTANCE | $7,000 |