Yakima Rotary Trust
- Assets
- $3.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Yakima, WA
- Founding
- 03/1996
- Data as of
- 06/2021
- EIN
- 91-1686206
Organization Overview
Yakima Rotary Trust is located in Yakima, WA. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Yakima Rotary Trust 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, Yakima Rotary Trust generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 19.9% 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
CHARITABLE ORGANIZATION FUNDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2020-2021 FISCAL YEAR, THE YAKIMA ROTARY TRUST CONTINUED THEIR COMMITMENT TO SUPPORTING THE YAKIMA ROTARY, YAKIMA SOUTHWEST ROTARY, AND YAKIMA SUNRISE ROTARY CLUBS BY PROVIDING MATCHING GRANTS FOR PROJECTS AND PROGRAMS THAT IMPROVE THE QUALITY OF LIFE IN YAKIMA. COMPLETED DURING THE YEAR WERE COMMITMENTS FOR THE MARTIN LUTHER KING, JR. PLAYGROUND, THE ROTARY PLAYGROUND AT THE GREENWAY, AND SUPPORT OF OPERATION HARVEST. ALSO STARTED DURING THIS YEAR WAS SUPPORT FOR A NEW PROJECT, THE ROTARY MARKETPLACE IN DOWNTOWN YAKIMA.THE TRUST ALSO ADMINISTERS A RENEWABLE SCHOLARSHIP ENTITLED THE MOLLIE DAVIS SCHOLARSHIP PROGRAM. THIS ANNUAL PROGRAM AWARDS SCHOLARSHIPS TO RESIDENTS OF YAKIMA COUNTY WHO PLAN TO CONTINUE THEIR EDUCATION IN UNDERGRADUATE STUDY. RENEWABLE SCHOLARSHIPS FOR TUITION, BOOKS AND MANDATORY CLASS FEES ARE OFFERED FOR FULL-TIME STUDY AT ACCREDITED TWO OR FOUR-YEAR COLLEGES OR UNIVERSITIES OF THE STUDENT'S CHOICE. AS OF JUNE 2021, 446 STUDENTS HAVE BEEN AWARDED RENEWABLE SCHOLARSHIPS WITH A TOTAL VALUE OVER THE LIFE OF THE SCHOLARSHIPS OF OVER $8.5 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Degrasse Treasurer | OfficerTrustee | 1 | $0 |
Wes Morris President | OfficerTrustee | 1 | $0 |
Pam Cleaver Vice President | OfficerTrustee | 1 | $0 |
Jennifer Bliesner Trustee | Trustee | 1 | $0 |
Jeff Louman Trustee | Trustee | 1 | $0 |
Tressa Mercy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,255 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,518,300 |
| Total Program Service Revenue | $0 |
| Investment income | $18,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179,718 |
| Net Income from Fundraising Events | -$4,804 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,711,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $245,481 |
| Grants and other assistance to domestic individuals. | $829,502 |
| 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 | $17,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,776 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,792 |
| Information technology | $420 |
| Royalties | $0 |
| Occupancy | $4,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,771 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $874 |
| All other expenses | $0 |
| Total functional expenses | $1,129,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,999,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,055 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,020,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $49,380 |
| 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 | $109 |
| Total liabilities | $49,489 |
| Net assets without donor restrictions | $1,280,667 |
| Net assets with donor restrictions | $1,690,523 |
| 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 | $3,020,679 |
Grants Awarded
Over the last fiscal year, Yakima Rotary Trust has awarded $190,804 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Yakima, WA PURPOSE: GRANT FOR FIRST TEE SOZO PROJECT, YAKIMA, WA | $95,000 |
Yakima, WA PURPOSE: GRANTS FOR WELCOME TO YAKIMA SIGN PROJECT & MLK JR. PARK PLAYGROUND PROJECT, YAKIMA, WA | $70,804 |
Yakima, WA PURPOSE: GRANT FOR ROTARY CENTENNIAL AQUATIC CENTER, YAKIMA, WA | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yakima Rotary Trust has recieved totaling $941,909.
| Awarding Organization | Amount |
|---|---|
Yakima Valley Community Foundation Yakima, WA PURPOSE: 2021 MMD SCHOLARSHIP AND YRT PAYMENTS; MMD GOLF TOURNAMENT SPONSORSHIP; GENERAL SUPPORT | $941,865 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Endowment Analysis
| Beg. Balance | $1,156,007 |
| Earnings | $5,323 |
| Admin Expense | $30,576 |
| Net Contributions | $864,492 |
| Grants | $829,502 |
| Ending Balance | $1,165,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of The Columbia- Willamette Portland, OR | $45,244,176 | $37,813,880 |
Jewish Federation Of Greater Seattle Seattle, WA | $93,924,162 | $8,143,793 |
United Way Of Lane County Springfield, OR | $6,356,824 | $7,869,717 |
United Way Of Pierce County Tacoma, WA | $15,711,259 | $8,056,312 |
United Way Of The Mid-Willamette Valley Salem, OR | $5,554,350 | $5,986,237 |
Auburn Food Bank Auburn, WA | $1,209,621 | $5,152,284 |
United Way Of Jackson County Inc Medford, OR | $3,272,249 | $6,599,632 |
Jewish Federation Of Greater Portland Tigard, OR | $7,686,784 | $3,991,111 |
United Way Of Treasure Valley Inc Boise, ID | $5,526,975 | $4,448,551 |
United Way Of Snohomish County Everett, WA | $7,341,507 | $2,615,993 |
United Way Of Thurston County Olympia, WA | $1,540,765 | $3,915,686 |
Seattle Times Fund For The Needy Seattle, WA | $186,445 | $3,430,305 |