Molalla Rotary Foundation
- Assets
- $240.8k
- Revenue
- $24.4k
- Investments
- $239.6k
- Employees
- 0
- Location
- Molalla, OR
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 93-0846953
Organization Overview
Molalla Rotary Foundation is located in Molalla, OR. The organization was established in 1984. 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. Molalla 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 06/2022, Molalla Rotary Foundation generated $24.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $15.4k during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE SCHOLARSHIP GRANTS TO MOLALLA UNION HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Magenheimer Director | 1 | $0 | |
Ed Stafford President | 1 | $0 | |
Ilene L Waldorf Treasurer | 3 | $0 | |
Wally Walker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $22,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,654 |
| Capital Gain Net Income | $1,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $314 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,858 |
| Contributions, gifts, grants paid | $11,500 |
| Total expenses and disbursements | $15,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $240,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Molalla Rotary Foundation has awarded $11,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KENNEDY GRANT PURPOSE: SCHOLARSHIP | $1,500 |
MADISON HALVERSON PURPOSE: SCHOLARSHIP | $1,500 |
ALLISON BURRUEL PURPOSE: SCHOLARSHIP | $1,500 |
ISABELLA HUFFSTETLER PURPOSE: SCHOLARSHIP | $3,500 |
CHLOE CORLESS PURPOSE: SCHOLARSHIP | $3,500 |