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Nonprofiteer
← ROTARY CLUB OF LAKE MINNETONKA - EXCELSIOR

Form 990 for tax year 2023

Filed by ROTARY CLUB OF LAKE MINNETONKA - EXCELSIOR.

Totals

Total revenue
$435,694
Total expenses
$394,238
Contributions and grants received
$267,404
Grants paid
$299,445
Program service revenue
$3,498
Investment income
$8,283
Other revenue
$156,509
Total assets, end of year
$362,545
Total liabilities, end of year
$19,691
Net assets or fund balances, end of year
$342,854
Program services expenses (Part IX)
$382,781
Management and general expenses
$11,457
Fundraising expenses
$0
Program service expenses (Part III)
$382,781

Program services were 97.1% 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

    $80,122

  • 1f · All other contributions, gifts and grants

    $187,282

  • 2a · Program service revenue: MISCELLANEOUS REVENUE

    total $3,498 · related or exempt $3,498

  • 3 · Investment income

    total $8,283 · excluded $8,283

  • 8a · Fundraising events: gross income

    $302,993

  • 8b · Fundraising events: direct expenses

    $376,562

  • 8c · Net income from fundraising events

    total -$73,569

  • 9a · Gaming: gross income

    $9,243,198

  • 9b · Gaming: direct expenses

    $9,013,120

  • 9c · Net income from gaming

    total $230,078 · unrelated business $222,542 · excluded $7,536

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $299,445 · program services $299,445

  • 11g · Fees: other

    total $7,916 · program services $7,916

  • 12 · Advertising and promotion

    total $6,169 · program services $6,169

  • 19 · Conferences, conventions and meetings

    total $11,457 · management and general $11,457

  • 22 · Depreciation, depletion and amortization

    total $7,376 · program services $7,376

  • 24a · Other expenses: DUES

    total $51,785 · program services $51,785

  • 24b · Other expenses: COMMITTEE SERVICES

    total $10,040 · program services $10,040

  • 24c · Other expenses: PROGRAM EXPENSES

    total $50 · program services $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,533 · end of year $247,546

  • 2 · Savings and temporary cash investments

    beginning of year $67,352 · end of year $67,680

  • 4 · Accounts receivable

    beginning of year $13,299 · end of year $20,500

  • 9 · Prepaid expenses and deferred charges

    end of year $160

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

    $36,879

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

    $10,220

  • 10c · Land, buildings and equipment, net

    beginning of year $34,035 · end of year $26,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,081 · end of year $2,690

  • 19 · Deferred revenue

    beginning of year $71,740 · end of year $6,584

  • 25 · Other liabilities

    end of year $10,417

  • 27 · Net assets without donor restrictions

    beginning of year $211,836 · end of year $224,856

  • 28 · Net assets with donor restrictions

    beginning of year $89,562 · end of year $117,998

Mission and programs · 2023

Mission

ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE. PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS, OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE LAKE MINNETONKA EXCELSIOR ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 100. OUR CLUB IS OPEN TO EVERYONE WHO EITHER DOES BUSINESS OR RESIDES IN THE EXCELSIOR/LAKE MINNETONKA AREA. WE ORGANIZE SEVERAL LOCAL EVENTS EACH YEAR INCLUDING ROSE SALE IN MARCH, BINGO AND BURGERS BY THE BAY (FIRST SATURDAY IN MAY) AND THE CONCERTS IN THE COMMONS MUSIC SERIES IN EXCELSIOR. THESE EVENTS BUILD GOODWILL WITHIN OUR COMMUNITY AS WELL AS RAISE FUNDS TO PROVIDE HUMANITARIAN SERVICE AND SUPPORT. THE FUNDS WE RAISE SUPPORT LOCAL AND INTERNATIONAL ORGANIZATIONS THAT FOCUS ON REDUCING FOOD AND HOUSING INSECURITY, EDUCATION, CLEAN WATER, MENTAL HEALTH, AND YOUTH SERVICES.

Activities or mission (Part I)

ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS. OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE EXCELSIOR MORNING ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 70. OUR CLUB IS OPEN TO MEN AND WOMEN WHO EITHER DO BUSINESS OR RESIDE IN THE EXCELSIOR/MINNETONKA AREA.

  • SOME OF THE PROJECTS AND EVENTS OUR ROTARY CLUB HAS WORKED ON AND SUPPORTED INCLUDE: INTERNATIONAL WORK: OUR ROTARY CLUB HAS PROVIDED GRANTS TO: CREATE AN EARLY CHILDHOOD EDUCATION PROGRAM IN GHANA, DEVELOP A SEWING CENTER FOR WOMEN ENTREPRENEURS IN GUATEMALA, BUILD DEEP WELLS IN RURAL BOLIVIA, PROVIDE MICRO LOANS FOR WOMEN GINGER FARMERS IN TANZANIA, DEVELOP A YOUTH SPORTS CENTER IN NICARAGUA, PROVIDE SCHOLARSHIPS FOR CHILDREN IN GUATEMALA, AND CONTRIBUTE TO SHELTERBOX'S MISSION TO PROVIDE EMERGENCY SHELTER TO DISPLACED FAMILIES AROUND THE GLOBE. ADDITIONALLY, EACH YEAR WE PARTICIPATE IN ROTARY INTERNATIONAL'S CAMPAIGN TO ERADICATE POLIO WORLDWIDE. LOCAL PROGRAMS: SIGNIFICANT GRANTS ARE GIVEN ANNUALLY TO CAUSES SUCH AS THE ICA FOOD SHELF, WECAN, LOAVES AND FISHES, ONWARD EDEN PRAIRIE, TREE HOUSE, HOPE HOUSE, IMHOTEP CENTER FOR SCIENCE EDUCATION, 180 DEGREES, LIVIN FOUNDATION AND TO OUTSTANDING TEACHERS IN OUR SCHOOLS. WE ARE ALSO A KEY SUPPORTER OF THE COMMUNITY FOR THE COMMONS IN THEIR WORK TO RE-VITALIZE THE COMMUNITY AREAS AROUND THE LAKE IN EXCELSIOR. WE ALSO SUPPORT YOUTH IN TWO WAYS. FIRST, WE SPONSOR AN INTERACT CLUB (HIGH SCHOOL ROTARY GROUP) AT MINNETONKA HIGH SCHOOL. THIS INTERACT CLUB DOES THEIR OWN FUND RAISING AND SUPPORTS LOCAL AND INTERNATIONAL PROJECTS WITH TIME AND/OR DONATIONS. SECOND, WE ALSO SPONSOR TWO HIGH SCHOOL EXCHANGE STUDENTS PER YEAR. ONE OUTBOUND FROM MINNETONKA AND ONE INBOUND. WE ARE PROUD TO SPONSOR THESE TWO GROUPS OF FUTURE LEADERS.

    Expenses $382,781 · Grants $299,445

  • GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 6/30/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, LINKED BINGO, AND ELECTRONIC PULL-TABS. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 6/30/2024 WERE 9,243,198 TOTAL GAMING EXPENSES FOR THE YEAR ENDED 6/30/2024 WERE 9,231,773.

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

Listed in Part VII

  • Mark Jeter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Pam Langseth

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Brian Larson

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    10

  • Colleen Aldritt

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Mitch Day

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Scott Gerlicher

    EVENTS

    Total calculated
    $0
    Hours/week
    2

  • Maggie Trenary

    CLUB ADMIN

    Total calculated
    $0
    Hours/week
    5

  • Meg Low

    INTERNATIONA

    Total calculated
    $0
    Hours/week
    2

  • Dan Narr

    LOCAL SERVIC

    Total calculated
    $0
    Hours/week
    2

  • Lisa Wagner

    MEMBERSHIP

    Total calculated
    $0
    Hours/week
    5

  • Larry Lembrich

    GAMING CHAIR

    Total calculated
    $0
    Hours/week
    15

  • Cari Gerlicher

    YOUTH SERVIC

    Total calculated
    $0
    Hours/week
    2

  • Matthew Kusilek

    MARKETING

    Total calculated
    $0
    Hours/week
    2

  • Shelly Kist

    AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Mallery

    AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Nicol

    AT LARGE

    Total calculated
    $0
    Hours/week
    2

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531339349305223

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

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