Novato Rotary Endowment

Organization Overview

Novato Rotary Endowment is located in Novato, CA. The organization was established in 1992. 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. Novato Rotary Endowment 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, Novato Rotary Endowment generated $370.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.9% each year . All expenses for the organization totaled $149.7k during the year ending 06/2021. While expenses have increased by 11.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE NOVATO ROTARY ENDOWMENT'S PURPOSE IS TO RECEIVE AND INVEST CONTRIBUTIONS OF MONEY OR PROPERTY AND APPLY THE INCOME TO CHARITABLE, OR EDUCATIONAL PROJECTS AND PROGRAMS THAT HAVE BEEN APPROVED BY THE NOVATO ROTARY CLUB BOARD OF DIRECTORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ROTARY CLUB OF NOVATO SCHOLARSHIPS ARE DISTRIBUTED TO STUDENTS GRADUATING FROM LOCAL HIGH SCHOOLS


PROJECTS BENEFITTING LOCAL AND INTERNATIONAL PEOPLE.


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Board, Officers & Key Employees

Name (title)Compensation
Bradford J Williams
Treasurer
$0
Jay Wayne
President
$0
Craig Anderson
Vice Preside
$0
Robert Haff
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$328,464
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$328,464
Total Program Service Revenue$15,287
Investment income $27,050
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 $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $370,801

Grants Awarded

Over the last fiscal year, Novato Rotary Endowment has awarded $24,052 in support to 2 organizations.

Grant RecipientAmount

NOVATO THEATRE RESTORATION

Org PageRecipient Profile

Novato, CA

PURPOSE: SUPPORT ORGANIZATION'S WORK TO RESTORE THE LOCAL THEATER IN NOVATO, CALIFORNIA

$17,962

NORTH MARIN COMMUNITY SERVICES (FORMERLY NOVATO YOUTH CENTER)

Org PageRecipient Profile

Novato, CA

PURPOSE: SUPPORT ORGANIZATION'S WORK IN NOVATO, CALIFORNIA

$6,090
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Novato Rotary Endowment has recieved totaling $106.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$106
View Grant Recipient Profile

Endowment Analysis

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