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← FM ROTARY FOUNDATION

Form 990 for tax year 2023

Filed by FM ROTARY FOUNDATION.

Totals

Total revenue
$385,945
Total expenses
$591,723
Contributions and grants received
$381,840
Grants paid
$587,157
Program service revenue
$0
Investment income
$0
Other revenue
$4,105
Total assets, end of year
$554,679
Total liabilities, end of year
$105,938
Net assets or fund balances, end of year
$448,741
Program services expenses (Part IX)
$590,493
Management and general expenses
$1,230
Fundraising expenses
$0
Program service expenses (Part III)
$590,493

Program services were 99.8% 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

    $44,140

  • 1f · All other contributions, gifts and grants

    $337,700

  • 1g · Noncash contributions included above

    $10,000

  • 8a · Fundraising events: gross income

    $11,461

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

    $44,140

  • 8b · Fundraising events: direct expenses

    $7,356

  • 8c · Net income from fundraising events

    total $4,105 · excluded $4,105

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $586,657 · program services $586,657

  • 3 · Grants to foreign organizations and individuals

    total $500 · program services $500

  • 11c · Fees: accounting

    total $1,230 · management and general $1,230

  • 13 · Office expenses

    total $2,043 · program services $2,043

  • 24a · Other expenses: Memberships and Dues

    total $1,293 · program services $1,293

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $762,951 · end of year $554,679

  • 25 · Other liabilities

    beginning of year $108,432 · end of year $105,938

  • 27 · Net assets without donor restrictions

    beginning of year $654,519 · end of year $448,741

Mission and programs · 2023

Mission

The mission of The Fargo-Moorhead Rotary Foundation is to enable local Rotarians the opportunity to advance local, regional, and world-wide projects that focus on understanding, goodwill, and peace. It is funded solely through contributions, and distributes funds for projects that aid the community as well as the world.

Activities or mission (Part I)

To provide local and international service projects of a humanitarian nature.

  • The primary activity of the FM Rotary Foundation in 2023 was fundraising, finalizing design, and commencing construction of the Natural Playhill Park being constructed in the city of Moorhead, MN during 2023 and 2024 - 50% completed by December 31, 2023. This will benefit children in the Fargo Moorhead community by encouraging healthy activities and play outdoors.

    Expenses $586,353 · Grants $583,017

  • The FM Rotary Foundation promotes literacy in the Fargo Moorhead area youth through a dictionary project. We provide dictionaries to all 3rd grade students in public and private schools in the Fargo and Moorhead area (about 900 students).

    Expenses $4,140 · Grants $4,140

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jean Hannig

    President

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Miller

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Teresa Joppa

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • John Vanderlinden

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Tanya Riles

    Director (Jan-Jun)

    Total calculated
    $0
    Hours/week
    0.5

  • Dale Hetland

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Ranck

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tanner Graham

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Newberger

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jamie Kronbeck

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kay Parries

    Director (Jan-Jun)

    Total calculated
    $0
    Hours/week
    0.5

  • Kayla Christensen

    Director starting July

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy Neugebaurer

    Director starting July

    Total calculated
    $0
    Hours/week
    0.5

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
9 May 2024
IRS schema version
2023v5.0
Source object
202421319349302772

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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