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← TRIANGLE OKTOBERFEST ROTARY FOUNDATION

Form 990 for tax year 2023

Filed by TRIANGLE OKTOBERFEST ROTARY FOUNDATION.

Totals

Total revenue
$157,592
Total expenses
$144,948
Contributions and grants received
$70,102
Grants paid
$142,000
Program service revenue
$0
Investment income
$0
Other revenue
$87,490
Total assets, end of year
$42,827
Total liabilities, end of year
$20,744
Net assets or fund balances, end of year
$22,083
Program services expenses (Part IX)
$142,000
Management and general expenses
$622
Fundraising expenses
$2,326
Program service expenses (Part III)
$142,000

Program services were 98.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $70,102

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $229,105

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

    $70,102

  • 8b · Fundraising events: direct expenses

    $141,615

  • 8c · Net income from fundraising events

    total $87,490 · unrelated business $0 · excluded $87,490

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,000 · program services $142,000

  • 24e · All other expenses

    total $2,948 · management and general $622 · fundraising $2,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,385 · end of year $6,867

  • 2 · Savings and temporary cash investments

    end of year $30,000

  • 4 · Accounts receivable

    beginning of year $5,324 · end of year $1,144

  • 8 · Inventories for sale or use

    beginning of year $7,804 · end of year $4,816

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,074 · end of year $744

  • 25 · Other liabilities

    beginning of year $20,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $9,439 · end of year $22,083

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The Triangle Oktoberfest Rotary Foundation (Foundation) supports and raises funds for the Apex Sunrise Rotary Foundation, Cary MacGregor Rotary Foundation and other 501(c)(3) organizations in the community. To provide this funding the Foundation raises funds at its signature event the Triangle Oktoberfest, which is presented by members of the Apex Sunrise and Cary MacGregor Rotary Clubs as well as other volunteers.

  • The Foundation raised funds through its signature event, the Triangle Oktoberfest, and provided grants to 501(c)(3) organizations in the Triangle area.

    Expenses $142,000 · Grants $142,000

As filed on the 2023 return.

Listed in Part VII

  • Craig Duerr

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Edward Dreyer

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • David Byerley

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Randy Bosse'

    Director

    Total calculated
    $0
    Hours/week
    2

  • Daniel Hawley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Esposito

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Moore

    Director

    Total calculated
    $0
    Hours/week
    2

  • Margaret Sophie

    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.

Grants on this return

  • Apex Sunrise Rotary Foundation

    $50,000

    Grants are provided by the Foundation to the Apex Sunrise Rotary Foundation (ASRF), so that the ASRF Board can identify community needs, accept and evaluate grant applicants and then provide grants to primarily local charities.

  • Cary-MacGregor Rotary Foundation Inc

    $50,000

    Grants are provided by the Foundation to the Cary MacGregor Rotary Foundation (CMRF), so that the CMRF Board can identify community needs, accept and evaluate grant applicants and then provide grants to primarily local charities.

  • Megs Smile Foundation Inc

    $30,000

    The Foundation provides funding to Meg Smile Foundation, a non profit, that provides gifts and/or fun days to children affected by serious illnesses who are treated in NC hospitals. There mission is to bring smiles to the faces of these children and their families.

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
24 September 2024
IRS schema version
2023v5.0
Source object
202422899349301212

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