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Nonprofiteer
← LAKE ARROWHEAD ROTARY FOUNDATION

Form 990 for tax year 2023

Filed by LAKE ARROWHEAD ROTARY FOUNDATION.

Totals

Total revenue
$103,921
Total expenses
$92,876
Contributions and grants received
$54,604
Grants paid
$30,000
Program service revenue
$0
Investment income
$48,927
Other revenue
$390
Total assets, end of year
$1,167,205
Total liabilities, end of year
$34,949
Net assets or fund balances, end of year
$1,132,256
Program services expenses (Part IX)
$76,901
Management and general expenses
$15,975
Fundraising expenses
$0
Program service expenses (Part III)
$76,901

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $21,275

  • 1f · All other contributions, gifts and grants

    $33,329

  • 3 · Investment income

    total $38,162 · excluded $38,162

  • 7a · Gross sales of assets other than inventory

    securities $10,765

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $10,765

  • 7d · Net gain or loss

    total $10,765 · excluded $10,765

  • 8a · Fundraising events: gross income

    $48,181

  • 8a · Fundraising events: contributions included on line 1c

    $21,275

  • 8b · Fundraising events: direct expenses

    $48,181

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $390 · related or exempt $390

  • 11e · Other revenue, total

    $390

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 2 · Grants to domestic individuals

    total $18,000 · program services $18,000

  • 11c · Fees: accounting

    total $3,885 · management and general $3,885

  • 11f · Fees: investment management

    total $11,765 · management and general $11,765

  • 13 · Office expenses

    total $155 · management and general $155

  • 24a · Other expenses: SENIOR CENTER

    total $20,000 · program services $20,000

  • 24b · Other expenses: COMMUNITY ENGAGEMENT

    total $12,580 · program services $12,580

  • 24c · Other expenses: INTERNATIONAL SERVICE

    total $8,500 · program services $8,500

  • 24d · Other expenses: YOUTH SERVICES

    total $3,200 · program services $3,200

  • 24e · All other expenses

    total $2,791 · program services $2,621 · management and general $170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,861 · end of year $37,028

  • 4 · Accounts receivable

    beginning of year $400

  • 10a · Land, buildings and equipment: cost or other basis

    $1,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,069,167 · end of year $1,130,177

  • 15 · Other assets

    beginning of year $1,006 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $41

  • 18 · Grants payable

    beginning of year $17,333 · end of year $18,333

  • 25 · Other liabilities

    beginning of year $0 · end of year $16,616

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,083,060 · end of year $1,132,256

Mission and programs · 2023

Mission

THE ORGANIZATION RAISES MONEY IN THE COMMUNITY IN ORDER TO FUND LOCAL CHARITIES AND PROVIDE SCHOLARSHIPS TO THE YOUTH OF THE AREA.

  • FUNDS ARE PAID TO VARIOUS COMMUNITY BASED NON PROFIT AND TAX EXEMPT ORGANIZATIONS FOR THE FURTHERANCE OF THEIR CHARITABLE PURPOSES. ADDITIONALLY, THE FOUNDATION ALSO HELPS FUND COMMUNITY PROJECTS AND PURCHASES FOR OTHER CHARITABLE ORGANIZATIONS IN ORDER TO ENHANCE PUBLIC FACILITIES AS WELL AS PROVIDE SCHOLARSHIPS TO LOCAL YOUTH.

    Expenses $76,901 · Grants $30,000

As filed on the 2023 return.

Listed in Part VII

  • Teresa Ostlie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Diane Gladwell

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Jeri Simpson

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Jay Rynda

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    3

  • Bob Gladwell

    MEMBERSHIP CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth Whitney-Olivas

    INTERNATIONAL CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Geneal Kerr

    FOUNDATION CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Terry Ebert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Eckert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Rudy Haro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Charles Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Barry Hoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ronda Rynda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.1
Source object
202432499349300633

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