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← ROTARY CLUB OF BOCA RATON SUNRISE FOUNDATION INC

Form 990 for tax year 2022

Filed by ROTARY CLUB OF BOCA RATON SUNRISE FOUNDATION INC.

Totals

Total revenue
$87,395
Total expenses
$43,888
Contributions and grants received
$23,788
Grants paid
$0
Program service revenue
$0
Investment income
$14,756
Other revenue
$48,851
Total assets, end of year
$443,552
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$443,552
Program services expenses (Part IX)
$38,200
Management and general expenses
$5,688
Fundraising expenses
$0
Program service expenses (Part III)
$38,200

Program services were 87.0% 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

    $550

  • 1f · All other contributions, gifts and grants

    $23,238

  • 3 · Investment income

    total $13,954 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $349,557

  • 7b · Less cost or other basis and sales expenses

    securities $348,755

  • 7c · Gain or loss

    securities $802

  • 7d · Net gain or loss

    total $802 · related or exempt $802 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $98,216

  • 8b · Fundraising events: direct expenses

    $49,365

  • 8c · Net income from fundraising events

    total $48,851 · unrelated business $0 · excluded $48,851

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,325 · program services $0 · management and general $1,325 · fundraising $0

  • 11f · Fees: investment management

    total $4,242 · program services $0 · management and general $4,242 · fundraising $0

  • 24a · Other expenses: Scholarships

    total $35,500 · program services $35,500 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,821 · program services $2,700 · management and general $121 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,234 · end of year $66,178

  • 2 · Savings and temporary cash investments

    beginning of year $66,139 · end of year $54,489

  • 4 · Accounts receivable

    beginning of year $7,500 · end of year $6,100

  • 11 · Investments: publicly traded securities

    beginning of year $308,983 · end of year $316,785

  • 27 · Net assets without donor restrictions

    beginning of year $400,648 · end of year $420,157

  • 28 · Net assets with donor restrictions

    beginning of year $21,208 · end of year $23,395

Mission and programs · 2022

Mission

Humanitarian & Educational Program locally, natioanlly and ineternationally

  • Gave Scholarships to Florida Atlantic University, Boca Raton, Fl on behalf of students who applied for scholarships who were local students totaling $ 6,000 and to Lynn University, Boca Raton, FL scholarships totaling $ 1,500

    Expenses $7,500

  • Donated $ 23,000 to Florence Fuller Children's Development Center that provides afforable childcare and well-rounded support system with comprehensive, family centered care.

    Expenses $23,000

  • Donated to Hanley Foundation, to help fund scholarships to eliminate addiction prevention and recovery support

    Expenses $5,000

  • Additional Donations made during the year

    Expenses $2,700

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

Listed in Part VII

  • Richard Celestino

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gail Ambrose-Lustig

    President

    Total calculated
    $0
    Hours/week
    2

  • Dan Spandau

    Director

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Michael Kridel

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Tim Sharp

    Treasuer

    Total calculated
    $0
    Hours/week
    2

  • Ira Herschbein

    Director

    Total calculated
    $0
    Hours/week
    2

  • Stan Civin

    Director

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Norman Matus

    Chairman

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Erin Garcia

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Alman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard MacFarland

    Director

    Total calculated
    $0
    Hours/week
    2

  • Phil Lustig

    Director

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202440169349301814

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