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Nonprofiteer
← GROVE ROTARY FOUNDATION INC

Form 990 for tax year 2024

Filed by GROVE ROTARY FOUNDATION INC.

Totals

Total revenue
$287,297
Total expenses
$305,915
Contributions and grants received
$102,335
Grants paid
$153,925
Program service revenue
$0
Investment income
$19,561
Other revenue
$165,401
Total assets, end of year
$672,242
Total liabilities, end of year
$614
Net assets or fund balances, end of year
$671,628
Program services expenses (Part IX)
$299,042
Management and general expenses
$6,873
Fundraising expenses
$0
Program service expenses (Part III)
$299,042

Program services were 97.8% 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.

  • 1f · All other contributions, gifts and grants

    $102,335

  • 3 · Investment income

    total $19,561 · related or exempt $19,561

  • 8a · Fundraising events: gross income

    $205,274

  • 8b · Fundraising events: direct expenses

    $39,873

  • 8c · Net income from fundraising events

    total $165,401 · excluded $165,401

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 2 · Grants to domestic individuals

    total $28,925 · program services $28,925

  • 11f · Fees: investment management

    total $2,396 · management and general $2,396

  • 11g · Fees: other

    total $2,965 · management and general $2,965

  • 13 · Office expenses

    total $425 · management and general $425

  • 24a · Other expenses: SPECIAL COMMUNITY PROJECTS

    total $113,119 · program services $113,119

  • 24b · Other expenses: CREDIT CARD FEES

    total $115 · management and general $115

  • 24c · Other expenses: DPIL EXPENSES

    total $15,295 · program services $15,295

  • 24d · Other expenses: YOUTH AND FLAGS PROGRAMS

    total $16,098 · program services $16,098

  • 24e · All other expenses

    total $1,577 · program services $605 · management and general $972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,231 · end of year $167,678

  • 2 · Savings and temporary cash investments

    beginning of year $290,490 · end of year $244,929

  • 4 · Accounts receivable

    beginning of year $13,320 · end of year $4,343

  • 11 · Investments: publicly traded securities

    beginning of year $230,431 · end of year $255,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,645 · end of year $614

  • 27 · Net assets without donor restrictions

    beginning of year $606,743 · end of year $565,508

  • 28 · Net assets with donor restrictions

    beginning of year $63,084 · end of year $106,120

Mission and programs · 2024

Mission

TO PROVIDE ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS THROUGH EDUCATIONAL SCHOLARSHIPS AND CHARITABLE COMMUNITY GRANTS

  • PROVIDE COMMUNITY GRANTS AND SCHOLARSHIPS

    Expenses $299,042

As filed on the 2024 return.

Listed in Part VII

  • Russell Mosburg

    TRESTEE

    Total calculated
    $0
    Hours/week
    4

  • Karen Walters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Christy Wright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Ben Hampton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Jon Bidnick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Rod McFarland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Kristi Wallace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Kathryn Donaldson

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Pauline Hale

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Robert Carter

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Joel McCorkle

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

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
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202601269349301105

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