Form 990 for tax year 2023
Filed by WOODLANDS ROTARY CLUB FOUNDATION.
Totals
- Total revenue
- $296,201
- Total expenses
- $245,027
- Contributions and grants received
- $299,312
- Grants paid
- $235,694
- Program service revenue
- $0
- Investment income
- $46,780
- Other revenue
- -$49,891
- Total assets, end of year
- $1,217,099
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,217,099
- Program services expenses (Part IX)
- $235,694
- Management and general expenses
- $9,333
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $235,694
Program services were 96.2% 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.
-
1b · Membership dues
$11,800
-
1c · Fundraising events
$238,860
-
1f · All other contributions, gifts and grants
$48,652
-
3 · Investment income
total $46,780 · excluded $46,780
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$55,972
-
8a · Fundraising events: contributions included on line 1c
$238,860
-
8b · Fundraising events: direct expenses
$105,863
-
8c · Net income from fundraising events
total -$49,891
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $221,694 · program services $221,694
-
2 · Grants to domestic individuals
total $14,000 · program services $14,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,000 · management and general $3,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $1,241 · management and general $1,241
-
13 · Office expenses
total $863 · management and general $863
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Credit Card and Bank Fees
total $4,229 · management and general $4,229
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $249,936 · end of year $263,051
-
2 · Savings and temporary cash investments
beginning of year $206,802 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $710,637 · end of year $954,048
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
19 · Deferred revenue
beginning of year $1,450
-
29 · Capital stock, trust principal or current funds
beginning of year $1,165,925 · end of year $1,217,099
Mission and programs · 2023
Mission
Manage and grow funds to make available charitable funding for qualified beneficiaries.
-
Rotary House was created as a separate 501c3 entity by the Rotay Club of the Woodlands in order to provide housing assistance for up to 90 days to financially limited, medical patients and their families that live outside of a 25 mile radius of The Woodlands and are travelling to the local area for medical treatment.
Expenses $114,500 · Grants $114,500
-
Angel Reach is a non-profit whose vison is to help children and youth reach their full potential
Expenses $75,000 · Grants $75,000
-
Scholarships - Members of The Woodlands Rotary Club review the applications of high school and college students to determine winners. The winners exemplify the Rotary motto of Service above self, demonstrate academic accomplishment and have risen above adverse situations. Consideration is given to financial circumstances as well as individual potential.
Expenses $14,000 · Grants $14,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Judy Olson
President
- Total calculated
- $0
- Hours/week
- 0
-
Jay Knighton
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Jeff Early
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Zach Richmond
Director
- Total calculated
- $0
- Hours/week
- 0
-
Clay McCollor
Director
- Total calculated
- $0
- Hours/week
- 0
-
Terry Brown
Director
- Total calculated
- $0
- Hours/week
- 0
-
Theresa Wagaman
Director
- Total calculated
- $0
- Hours/week
- 0
-
William C Leigh
Director
- Total calculated
- $0
- Hours/week
- 0
-
Kay Fannin
Director
- Total calculated
- $0
- Hours/week
- 0
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
-
$114,500
Medical housing support
-
$75,000
General Assistance
-
$12,444
Cooperative Assistance
-
$11,900
Cooperative Assistance
-
$7,850
General Assistance
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501079349301420
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