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Nonprofiteer
← LOS ALTOS ROTARY ENDOWMENT FUND INC

Form 990 for tax year 2022

Filed by LOS ALTOS ROTARY ENDOWMENT FUND INC.

Totals

Total revenue
$871,390
Total expenses
$298,476
Contributions and grants received
$811,193
Grants paid
$295,108
Program service revenue
$0
Investment income
$60,197
Other revenue
$0
Total assets, end of year
$2,122,419
Total liabilities, end of year
$257,563
Net assets or fund balances, end of year
$1,864,856
Program services expenses (Part IX)
$295,108
Management and general expenses
$3,368
Fundraising expenses
$0
Program service expenses (Part III)
$295,108

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.

  • 1c · Fundraising events

    $188,304

  • 1f · All other contributions, gifts and grants

    $622,889

  • 3 · Investment income

    total $60,197 · excluded $60,197

  • 8a · Fundraising events: gross income

    $19,332

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

    $188,304

  • 8b · Fundraising events: direct expenses

    $19,332

  • 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 $295,108 · program services $295,108

  • 11c · Fees: accounting

    total $1,150 · management and general $1,150

  • 24a · Other expenses: ADMINISTRATIVE

    total $2,118 · management and general $2,118

  • 24b · Other expenses: FILING FEES

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $222,845 · end of year $261,563

  • 12 · Investments: other securities

    beginning of year $1,226,849 · end of year $1,860,856

  • 25 · Other liabilities

    beginning of year $329,655 · end of year $257,563

  • 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 $1,120,039 · end of year $1,864,856

Mission and programs · 2022

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 $295,108 · Grants $295,108

  • VETERANS

  • WORLD COMMUNITY SERVICE PROJECTS

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joe Eyre

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Wendy Walleigh

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jack Kelly

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Crysta Krames

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brandon Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Carpenter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • KARAT SCHOOL PROJECT

    $37,500

    TO PROVIDE EDUCATION TO CHILDREN AND WOMEN

  • ROTARY DISTRICT 5170

    $25,000

    TO HELP POOR AND DISADVABTAGED PERSONS.

  • MENTOR TUTOR CONNECTION

    $15,000

    TO PROVIDE MENTORING FOR LOCAL HIGH SCHOOL STUDENTS

  • LARC

    $13,883

    THROUGH ITS MEMBERS COMMITS TO SERVING THE COMMUNITY THROUGH ACTIVITIES AND SPECIAL EVENTS

  • THE ROTARY FOUNDATION

    $6,595

    ROTARY IS DEDICATED TO CAUSES THAT BUILD INTERNATIONAL RELATIONSHIPS, IMPROVE LIVES, AND CREATE A BETTER WORLD TO SUPPORT OUR PEACE EFFORTS AND END POLIO FOREVER.

  • OLIVE SEED FOUNDATION

    $5,200

    PROVIDE EQUAL ACCESS TO QUALITY EDUCATION AND SUSTAINABLE LIVELIHOODS, ENABLING THEM TO BUILD A STRONG, LITERATE, RESILIENT COMMUNITY; BUILD A POSITIVE FUTURE; AND BECOME CUSTODIANS OF A HEALTHY ENVIRONMENT.

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202411289349303711

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