Don Sherwood Endowment Charitable Trust Fund Rotary Club Walla Walla
- Assets
- $371.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Walla Walla, WA
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 91-1823640
Organization Overview
Don Sherwood Endowment Charitable Trust Fund Rotary Club Walla Walla is located in Walla Walla, WA. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Don Sherwood Endowment Charitable Trust Fund Rotary Club Walla Walla 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 06/2022, Don Sherwood Endowment Charitable Trust Fund Rotary Club Walla Walla generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $23.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ANNUALLY DONATIONS ARE MADE TO THIS ENDOWMENT FUND, PRIMARILY FROM ROTARY CLUB MEMBERS. HOWEVER, PERIODICALLY MAJOR FUND DRIVES ARE MADE TO ADD TO THE ENDOWMENT WHICH RESULTS IN HIGHER DONATIONS DURING THOSE YEARS. THE SHERWOOD TRUST, A PRIVATE FOUNDATION, HAS MADE MATCHING GRANTS TO ENCOURAGE DONATIONS. THESE LARGE DONATIONS TIP THE CALCULATION OF PUBLIC SUPPORT TO LESS THAN THE 33-1/3% THAT IS REQUIRED. THE ROTARY CLUB BOARD MEMBERS, WHICH ALSO GOVERN THE DON SHERWOOD ENDOWMENT CHARITABLE TRUST, IS VOTED ON BY OVER 200 ROTARY MEMBERS, THUS BROADLY REPRESENTING THE COMMUNITY AND GENERAL PUBLIC. THUS THE ORGANIZATION BELIEVES IT MEETS THE FACTS AND CIRCUMSTANCES TEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Desalvo President | 0.25 | $0 | |
Bill Erickson Past President | 0.25 | $0 | |
Christopher Jay Sergeant At Arm | 0.25 | $0 | |
Sara Archer Board Member | 0.25 | $0 | |
Debbie Williams President Elect | 0 | $0 | |
Kathy Trommald Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,173 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,423 |
| 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 | $5,429 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $23,122 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $371,684 |
| Other assets | $0 |
| Total assets | $371,684 |
| Total liabilities | $0 |
| Net assets or fund balances | $371,684 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Don Sherwood Endowment Charitable Trust Fund Rotary Club Walla Walla has recieved totaling $17,693.
| Awarding Organization | Amount |
|---|---|
Blue Mountain Community Foundation Walla Walla, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY BMCF BOARD | $17,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
One Call For All Bainbridge Island, WA | $2,280,086 | $2,720,804 |
Laidir Foundation Seattle, WA | $43,862,995 | $7,463,532 |
The Berwick Degel Family Foundation Seattle, WA | $7,563,453 | $2,078,571 |
Martin Fabert Foundation Seattle, WA | $16,791,263 | $328,208 |
Austin Family Foundation Newberg, OR | $30,047,559 | $1,660,315 |
Bellarmine Benefactors Trust Spokane, WA | $24,555,171 | $2,993,701 |
Carrie Lewith Charitable Trust Bainbridge Island, WA | $11,195,908 | $406,477 |
Altom Carlson Foundation Seattle, WA | $6,611,287 | $2,194,676 |