Lake Oswego Rotary Foundation Inc
- Assets
- $211.7k
- Revenue
- $141.9k
- Investments
- $14.6k
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- 10/1989
- Data as of
- 09/2020
- EIN
- 93-1000938
Organization Overview
Lake Oswego Rotary Foundation Inc is located in Lake Oswego, OR. The organization was established in 1989. 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. Lake Oswego Rotary Foundation Inc 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 09/2020, Lake Oswego Rotary Foundation Inc generated $141.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $160.3k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE LO ROTARY FOUNDATIONS MISSION IS TO FURTHER THE HUMANITARIAN GOALS OFROTARY INTERNATIONAL BY GENERATING FUNDS FOR SCHOLARSHIP AND GRANTS AND PROVIDINGMATERIALS TO IMPROVE THE LIVES OF THOSE IN NEED WITHIN THE LOCAL COMMUNITY ANDSUPPORTING SELECTED ROTARY PROJECTS WW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR LAKEWOOD CENTER FOR THE ARTS, A COMMUNITY MULTI-ARTS THEATRE FACILITY WHOSE GOALS INCLUDE THE SPONSORSHIP AND COORDINATION OF EDUCATION AND CULTURAL PROGRAMMING IN VISUAL ARTS, THEATRE AND COMMUNITY EVENTS.
SUPPORT OF YOUTH SERVICES INCLUDING DICTIONARIES FOR ALL LAKE OSWEGO 3RD GRADERS, ROTARY YOUTH LEADERSHIP AWARDS,WORLD AFFAIRS SEMINAR, YOUTH EXCHANGE ACTIVITIES, SUPPORT OF HIGH SCHOOL INTEREACT ACTIVITIES, SERVICE ABOVE SELF EXCELLENCE IN EDUCATIONAL AWARDS, AND 10 SCHOLARSHIPS AWARDED.
SUPPORT OF INTERNATIONAL PROJECTS, INCLUDING SCHOOLS & EDUCATION, SANITATION & WATER PROJECTS.
SUPPORT FOR LAKEWOOD CENTER FOR THE ARTS, A COMMUNITY MULTI-ARTS THEATRE FACILITY WHOSE GOALS INCLUDE THE SPONSORSHIP AND COORDINATION OF EDUCATION AND CULTURAL PROGRAMMING IN VISUAL ARTS, THEATRE AND COMMUNITY EVENTS.
SUPPORT OF YOUTH SERVICES INCLUDING DICTIONARIES FOR ALL LAKE OSWEGO 3RD GRADERS, ROTARY YOUTH LEADERSHIP AWARDS,WORLD AFFAIRS SEMINAR, YOUTH EXCHANGE ACTIVITIES, SUPPORT OF HIGH SCHOOL INTEREACT ACTIVITIES, SERVICE ABOVE SELF EXCELLENCE IN EDUCATIONAL AWARDS, AND 10 SCHOLARSHIPS AWARDED.
SUPPORT OF INTERNATIONAL PROJECTS, INCLUDING SCHOOLS & EDUCATION, SANITATION & WATER PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Havens President | OfficerTrustee | 10 | $0 |
Mirjam Metcalf Treasurer | OfficerTrustee | 6 | $0 |
Robert Liddell Executive Secretary | OfficerTrustee | 6 | $0 |
Craig Childress Past President | Trustee | 6 | $0 |
Matt Christman Director | Trustee | 6 | $0 |
David Beckett Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,713 |
| Investment income | $757 |
| 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 | $7,440 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $32,482 |
| Grants and other assistance to Foreign Orgs/Individuals | $37,950 |
| Benefits paid to or for members | $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 | $0 |
| Fees for services: Other | $0 |
| 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 | $160,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,909 |
| Savings and temporary cash investments | $133,294 |
| 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 | $1,000 |
| Investments—publicly traded securities | $32,851 |
| Investments—other securities | $14,631 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,685 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,929 |
| 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 | $0 |
| Total liabilities | $7,929 |
| 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 |
| Total liabilities and net assets/fund balances | $203,756 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Oswego Rotary Foundation Inc has recieved totaling $10,024.
| Awarding Organization | Amount |
|---|---|
Laura D Wanser Foundation Inc Lake Oswego, OR PURPOSE: ASSISTANCE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For A Better Future Inc Sacramento, CA | $12,452,035 | $69,118,422 |
Municipal Improvement Corporation Of Los Angeles Los Angeles, CA | $2,097,815,264 | $70,901,113 |
Sightlife Seattle, WA | $23,044,860 | $16,633,348 |
Benson House Inc Ontario, CA | $11,925,572 | $18,491,625 |
Community Services Agency Reno, NV | $7,843,023 | $11,495,915 |
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Technology Access Foundation Seattle, WA | $12,276,133 | $3,880,579 |
South Eastern Idaho Community Pocatello, ID | $5,750,799 | $3,683,486 |