Westwood Village Rotary Club Foundation
- Assets
- $1.1m
- Revenue
- $317.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1993
- Data as of
- 06/2022
- EIN
- 95-4398813
Organization Overview
Westwood Village Rotary Club Foundation is located in Los Angeles, CA. The organization was established in 1993. 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. Westwood Village Rotary Club 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, Westwood Village Rotary Club Foundation generated $317.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $86.6k during the year ending 06/2022. While expenses have increased by 4.0% 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.
Since 2016, Westwood Village Rotary Club Foundation has awarded 15 individual grants totaling $139,192. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES GRANTS FOR ROTARY YOUTH, COMMUNITY, PEACE, VOCATIONAL AND INTERNATIONAL PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE GRANTS WERE MADE TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS, WITH AN EMPHASIS ON COVID-19 AND HOMELESS RELIEF, INCLUDING:- WESTSIDE FOOD BANK- WEST LOS ANGELES VETERANS ADMINISTRATION RECREATION CENTER- MEALS ON WHEELS WEST LOS ANGELES- SALVATION ARMY WESTWOOD TRANSITIONAL VILLAGE FOR HOMELESS FAMILIES- COLLINS-KATZ FAMILY YMCA: NEIGHBORHOOD FOOD DISTRIBUTION PROGRAM- CHABAD OF NORTHRIDGE: FRIEDMAN CULINARY PROGRAM FOR LOW INCOME YOUTH- MUSIC MENDS MINDS- FRIENDS OF THE WESTWOOD PUBLIC LIBRARY- DREAM STREET FOUNDATION- TM23 FOUNDATION- S.P.Y. - ASHTON HOUSE FOR AT-RISK STUDENTS- MEALS FOR FIRST RESPONDERS AND EMERGENCY ROOM PERSONNEL- HYGIENE KITS FOR HOMELESS PERSONS
VOCATIONAL SERVICE GRANTS WERE MADE IN CONNECTION WITH ROTC ACHIEVEMENT AWARDS.PEACE SERVICE GRANTS WERE MADE TO ROTARY INTERNATIONAL PEACE PROJECTS.
YOUTH SERVICE GRANTS WERE MADE TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS INCLUDING:- SALVATION ARMY WESTWOOD TRANSITIONAL VILLAGE SUMMER CAMP FOR HOMELESS CHILDREN- SALVATION ARMY WESTWOOD TRANSITIONAL VILLAGE HOMELESS CHILDREN HOLIDAY SHOPPING- COLLINS-KATZ FAMILY YMCA: TEEN ENRICHMENT PROGRAM- UCLA ROTARACT CLUB- UNIVERSITY HIGH SCHOOL SENIOR COLLEGE SCHOLARSHIPS- HIGH SCHOOL STUDENT ACHIEVEMENT CONTEST AWARDS
INTERNATIONAL SERVICE GRANTS WERE MADE TO NOT-FOR-PROFIT ORGANIZATIONS INCLUDING:- ROTARY INTERNATIONAL AMBASSADORIAL SCHOLARSHIP FOR GRADUATE STUDY- ROTARY DISTRICT 5280 FOUNDATION HUMANITARIAN PROJECT- ROTARY INTERNATIONAL FOUNDATION FOR POLIO ERADICATION PROGRAMS- GIVAT HAVIVA INTERNATIONAL SCHOOL- UGANDA DEVELOPMENT INITIATIVE IN SUPPORT OF KATATI MEDICAL CENTER AND SCHOLARSHIPS- INTERNATIONAL FELLOWSHIP OF FLYING ROTARIANS: UKRAINE WAR RELIEF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Mccready President, Trustee | OfficerTrustee | 2 | $0 |
Terrence M White Treasurer, Trustee | OfficerTrustee | 2 | $0 |
Diane Good Secretary, Trustee | OfficerTrustee | 2 | $0 |
Thomas Barron Trustee | Trustee | 2 | $0 |
Michael Newman Trustee | Trustee | 2 | $0 |
Mark Rogo Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,550 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,986 |
| Total Program Service Revenue | $0 |
| Investment income | $20,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,127 |
| Grants and other assistance to domestic individuals. | $32,975 |
| 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 | $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 | $310 |
| 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 | $21 |
| 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 | $86,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,517 |
| Savings and temporary cash investments | $20,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,231 |
| 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 | $1,084,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,129,933 |
| Accounts payable and accrued expenses | $1,013 |
| Grants payable | $14,407 |
| 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 | $15,420 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,114,513 |
| Total liabilities and net assets/fund balances | $1,129,933 |
Grants Awarded
Over the last fiscal year, Westwood Village Rotary Club Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF METROPOLITAN LOS ANGELES PURPOSE: NEIGHBORHOOD FOOD PROGRAM; TEEN ENRICHMENT PROGRAM | $5,000 |
SALVATION ARMY PURPOSE: SUMMER CAMP FOR HOMELESS CHILDREN; FOOD FOR HOMELESS PERSONS | $5,000 |
BANDINI FOUNDATION PURPOSE: VETERANS ADMINISTRATION RECREATION CENTER | $5,000 |