Kiwanis Club Of Riverside Welfare Foundation
- Assets
- $325.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 02/1939
- Data as of
- 09/2023
- EIN
- 95-6061167
Organization Overview
Kiwanis Club Of Riverside Welfare Foundation is located in Riverside, CA. The organization was established in 1939. 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. Kiwanis Club Of Riverside Welfare 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 09/2023, Kiwanis Club Of Riverside Welfare Foundation generated $34.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $53.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY MISSION IS PHILANTHROPY AND SERVICE TO YOUTH AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
YOUTH SUPPORT - SUPPORT AND SERVICE WERE PROVIDED TO SEVERAL YOUTH ORGANIZATIONS.
SCHOLARSHIPS - 11 SCHOLARSHIPS WERE AWARDED TO HIGH SCHOOL STUDENTS ON THE BASIS OF ACHIEVEMENT, SERVICE, AND FINANCIAL NEED.
CHARITIES - 13 LOCAL CHARITIES WERE SUPPORTED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marek Leblanc Director | 2 | $0 | |
Alicia Hoyer Director | 2 | $0 | |
Caryn Marsella Secretary | 2 | $0 | |
Lew Warren Treasurer | 2 | $0 | |
Kevin Tetley Director | 2 | $0 | |
Mike Mihelich President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,312 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,019 |
| Gain or Loss | $10,370 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,701 |
| 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 | $5,580 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,391 |
| Total expenses | $53,614 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,924 |
| Other assets | $0 |
| Total assets | $325,935 |
| Total liabilities | $1,616 |
| Net assets or fund balances | $324,319 |