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Nonprofiteer
← LEXINGTON PARK ROTARY FOUNDATION INC

Form 990 for tax year 2023

Filed by LEXINGTON PARK ROTARY FOUNDATION INC.

Totals

Total revenue
$143,097
Total expenses
$128,940
Contributions and grants received
$34,165
Grants paid
$117,980
Program service revenue
$0
Investment income
$5,563
Other revenue
$103,369
Total assets, end of year
$360,770
Total liabilities, end of year
$6,000
Net assets or fund balances, end of year
$354,770
Program services expenses (Part IX)
$124,276
Management and general expenses
$4,664
Fundraising expenses
$0
Program service expenses (Part III)
$124,276

Program services were 96.4% 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.

  • 1e · Government grants (contributions)

    $4,000

  • 1f · All other contributions, gifts and grants

    $30,165

  • 3 · Investment income

    total $5,563 · unrelated business $0 · excluded $5,563

  • 8a · Fundraising events: gross income

    $244,995

  • 8b · Fundraising events: direct expenses

    $141,626

  • 8c · Net income from fundraising events

    total $103,369 · unrelated business $0 · excluded $103,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $105,980 · program services $105,980

  • 2 · Grants to domestic individuals

    total $12,000 · program services $12,000

  • 13 · Office expenses

    total $178 · program services $0 · management and general $178 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,486 · program services $0 · management and general $4,486 · fundraising $0

  • 21 · Payments to affiliates

    total $6,296 · program services $6,296 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,558 · end of year $166,748

  • 2 · Savings and temporary cash investments

    beginning of year $19,514 · end of year $19,516

  • 11 · Investments: publicly traded securities

    beginning of year $166,230 · end of year $174,506

  • 25 · Other liabilities

    beginning of year $6,000 · end of year $6,000

  • 27 · Net assets without donor restrictions

    beginning of year $207,469 · end of year $208,454

  • 28 · Net assets with donor restrictions

    beginning of year $114,833 · end of year $146,316

Mission and programs · 2023

Mission

To further the ideals of the Rotary Club by providing grant funds to charity and college scholarship recipients

  • PROVIDE EDUCATIONAL SCHOLARSHIPS FOR UNDERGRADUATE STUDENTS

    Expenses $12,000 · Grants $12,000

  • PROVIDE FUNDS IN 2023 FOR VARIOUS CHARITABLE ORGANIZATIONS. THE FOUNDATION SEEKS OUT GROUPS THAT DIRECTLY PROVIDE SHELTER, FOOD AND SUPPORT FOR COUNTY RESIDENTS. REQUESTS ARE REVIEWED AND AVAILABLE DOLLARS ARE DISTRIBUTED DURING THE YEAR. FOOD PANTRIES, HOMELESS SHELTERS, SOUP KITCHENS, PUBLIC HEALTH PROGRAMS ARE EXAMPLES OF ORGANIZATIONS THE FOUNDATION CONTRIBUTED FUNDS.

    Expenses $105,980 · Grants $105,980

  • PROVIDE FUNDS TO ROTARY INTERNATIONAL FOR VARIOUS PHILANTHROPIC ACTIVITIES.

    Expenses $6,296

As filed on the 2023 return.

Listed in Part VII

  • Tricia Powell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michael Guy

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Robert Goldsmith

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Fletcher

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

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

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
12 November 2024
IRS schema version
2023v5.1
Source object
202423199349316697

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