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Nonprofiteer
← SPOKANE ROTARY FOUNDATION

Form 990 for tax year 2023

Filed by SPOKANE ROTARY FOUNDATION.

Totals

Total revenue
$135,201
Total expenses
$108,476
Contributions and grants received
$22,500
Grants paid
$108,476
Program service revenue
$0
Investment income
$112,701
Other revenue
$0
Total assets, end of year
$3,014,447
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,014,447
Program services expenses (Part IX)
$108,476
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$108,476

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $22,500

  • 3 · Investment income

    total $67,188 · excluded $67,188

  • 7a · Gross sales of assets other than inventory

    securities $78,540 · other assets $54,460

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

    securities $87,487

  • 7c · Gain or loss

    securities -$8,947 · other assets $54,460

  • 7d · Net gain or loss

    total $45,513 · related or exempt -$8,947 · excluded $54,460

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,476 · program services $108,476

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $30,445 · end of year $23,029

  • 11 · Investments: publicly traded securities

    beginning of year $2,684,768 · end of year $2,991,418

  • 27 · Net assets without donor restrictions

    beginning of year $730,215 · end of year $823,834

  • 28 · Net assets with donor restrictions

    beginning of year $1,984,998 · end of year $2,190,613

Mission and programs · 2023

Mission

SPOKANE ROTARY FOUNDATION ACCEPTS CONTRIBUTIONS AND THEN INVESTS AND MANAGES THESE CONTRIBUTIONS WHICH ARE DISTRIBUTED TO ROTARY COMMUNITY SERVICES, INC.(RCS). RCS THEN DISTRIBUTES THE MONEY THROUGH COMMITTEES TO THE HANDICAP AND YOUTH OF THE INLAND NORTHWEST.

Activities or mission (Part I)

SPOKANE ROTARY FOUNDATION ACCEPTS CONTRIBUTIONS AND THEN INVESTS AND MANAGES THESE CONTRIBUTIONS IN PERPETUITY. A PERCENTAGE OF THE FAIR MARKET VALUE (3 YEAR AVERAGE)IS DISTRIBUTED TO ROTARY COMMUNITY SERVICES, INC.ON A QUARTERLY BASIS. ROTARY COMMUNITY SERVICES, INC. THEN DISTRIBUTES THE MONEY THROUGH ITS CHARITABLE COMMITTEES INCLUDING YOUTH SERVICES, DISABILITIES, CIVIC AFFAIRS, VOCATIONAL SERVICES (INCLUDING SCHOLARSHIPS) AND INTERNATIONAL SERVICES.

  • THE ORGANIZATION MAINTAINS AN ENDOWMENT WHICH IS INVESTED TO EARN A RETURN WHICH IS DISTRIBUTED TO ROTARY COMMUNITY SERVICES, INC FOR DISTRIBUTION BY THEIR COMMITTEES WHICH INCLUDE YOUTH SERVICES, DISABILITIES, CIVIC AFFAIRS, VOCATIONAL SERVICES INCLUDING SCHOLARSHIPS, AND INTERNATIONAL SERVICES.

    Expenses $108,476 · Grants $108,476

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

Listed in Part VII

  • Jack Reeves

    PRESIDENT

    Total calculated
    $0

  • William Papesh

    VICE PRESIDE

    Total calculated
    $0

  • Thomas M Patrick

    SECRETARY /T

    Total calculated
    $0

  • Kyle Weir

    TRUSTEE

    Total calculated
    $0

  • Mark Sonderen

    TRUSTEE

    Total calculated
    $0

  • Robin Corkery

    TRUSTEE

    Total calculated
    $0

  • Jennifer Thompson

    TRUSTEE

    Total calculated
    $0

  • John Pilcher

    TRUSTEE

    Total calculated
    $0

  • Amy Higgins

    TRUSTEE

    Total calculated
    $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

Provenance

Return type
form_990
Tax year
2023
Filed
13 July 2024
IRS schema version
2023v5.0
Source object
202401959349300005

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

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