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← ROTARY CLUB OF AIKEN FOUNDATION

Form 990 for tax year 2023

Filed by ROTARY CLUB OF AIKEN FOUNDATION.

Totals

Total revenue
$261,392
Total expenses
$240,880
Contributions and grants received
$248,583
Grants paid
$229,428
Program service revenue
$0
Investment income
$12,809
Other revenue
$0
Total assets, end of year
$421,271
Total liabilities, end of year
$3,219
Net assets or fund balances, end of year
$418,052
Program services expenses (Part IX)
$238,176
Management and general expenses
$2,704
Fundraising expenses
$0
Program service expenses (Part III)
$238,176

Program services were 98.9% 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

    $248,583

  • 3 · Investment income

    total $12,809 · excluded $12,809

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,928 · program services $56,928

  • 2 · Grants to domestic individuals

    total $172,500 · program services $172,500

  • 11c · Fees: accounting

    total $2,326 · management and general $2,326

  • 13 · Office expenses

    total $378 · management and general $378

  • 24a · Other expenses: POLIO PLUS

    total $8,748 · program services $8,748

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,916 · end of year $8,462

  • 11 · Investments: publicly traded securities

    beginning of year $353,439 · end of year $412,809

  • 25 · Other liabilities

    beginning of year $14,500 · end of year $3,219

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $354,855 · end of year $418,052

Mission and programs · 2023

Mission

TO SUPPORT THE LOCAL COMMUNITY THROUGH EDUCATIONAL SCHOLARSHIPS AND GRANTS TO COMMUNITY SERVICE PROJECTS.

Activities or mission (Part I)

THE ROTARY CLUB OF AIKEN FOUNDATION IS A CHARITABLE ORGANIZATION THAT PROVIDES SCHOLARSHIPS FOR HIGHER EDUCATION EXPENSES TO GRADUATING AIKEN AREA HIGH SCHOOL SENIORS. THE ORGANIZATION ALSO PROVIDES FINACIAL SUPPORT AND/OR MATERIALS AND EQUIPMENT TO PROJECTS FOR THE IMPROVEMENT OF HEALTH, LIVING CONDITIONS, AND WELL BEING OF OTHERS.

  • SCHOLARSHIPS FOR HIGHER EDUCATION EXPENSES TO AIKEN AREA HIGH SCHOOL SENIORS.

    Expenses $172,500 · Grants $172,500

  • GRANTS PAID TO HABITAT FOR HUMANITY AND OTHER COMMUNITY SERVICE ORGANIZATIONS.

    Expenses $65,676 · Grants $56,928

As filed on the 2023 return.

Listed in Part VII

  • Corey Feraldi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lisa Van Pelt-Diller

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Robert Byrne

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Richard Holley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas Herlong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jerry Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202510279349301376

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