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Nonprofiteer
← LOS ALTOS ROTARY ENDOWMENT FUND INC

Form 990 for tax year 2024

Filed by LOS ALTOS ROTARY ENDOWMENT FUND INC.

Totals

Total revenue
$507,105
Total expenses
$430,714
Contributions and grants received
$433,777
Grants paid
$424,372
Program service revenue
$0
Investment income
$73,328
Other revenue
$0
Total assets, end of year
$2,500,579
Total liabilities, end of year
$203,887
Net assets or fund balances, end of year
$2,296,692
Program services expenses (Part IX)
$424,372
Management and general expenses
$6,342
Fundraising expenses
$0
Program service expenses (Part III)
$424,372

Program services were 98.5% 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.

  • 1c · Fundraising events

    $124,680

  • 1f · All other contributions, gifts and grants

    $309,097

  • 3 · Investment income

    total $73,328 · excluded $73,328

  • 8a · Fundraising events: gross income

    $108,984

  • 8a · Fundraising events: contributions included on line 1c

    $124,680

  • 8b · Fundraising events: direct expenses

    $108,984

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $424,372 · program services $424,372

  • 11c · Fees: accounting

    total $1,250 · management and general $1,250

  • 11f · Fees: investment management

    total $4,011 · management and general $4,011

  • 24a · Other expenses: BANK FEES

    total $981 · management and general $981

  • 24b · Other expenses: TAXES & LICENSE

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,146 · end of year $213,576

  • 12 · Investments: other securities

    beginning of year $2,112,789 · end of year $2,287,003

  • 25 · Other liabilities

    beginning of year $330,490 · end of year $203,887

  • 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 $2,011,445 · end of year $2,296,692

Mission and programs · 2024

Mission

THE MISSION OF THE LOS ALTOS ROTARY ENDOWMENT FUND IS THE MANAGEMENT OF CONTRIBUTIONS RECEIVED BY THE ROTARY CLUB OF LOS ALTOS, FOR THE PURPOSE OF DISPENSING GRANTS, SCHOLARSHIPS AND CHARITABLE CONTRIBUTIONS, BUILDING AN ENDOWMENT FOR THE FUTURE AND TO OTHERWISE AID AND SUPPORT WORTHY ORGANIZATIONS, BE THEY LOCAL, NATIONAL OR INTERNATIONAL IN NATURE, THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL OR COMMUNITY-BUILDING PURPOSES.

Activities or mission (Part I)

COMMUNITY & INTERNATIONAL SERVICE PROJECTS

  • COMMUNITY SERVICE PROJECTS

    Expenses $424,372 · Grants $424,372

  • VETERANS

  • WORLD COMMUNITY SERVICE PROJECTS

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruce Fitzgerald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brooke Schiller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brandon Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • George Shea

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Frank Elmer

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Elsbeth Tebrake

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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
12 February 2026
IRS schema version
2024v5.5
Source object
202620519349301317

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