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← CULVER CITY ROTARY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by CULVER CITY ROTARY COMMUNITY FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 15 October 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$419,007 changed to $519,105
Total expenses
$39,805 changed to $279,523
Contributions and grants received
$2,200 changed to $84,929
Grants paid
$0 changed to $217,388
Investment income
$416,807 changed to $434,176
Total assets, end of year
$13,595,699 changed to $13,555,780
Net assets or fund balances, end of year
$13,595,699 changed to $13,555,780
Program services expenses
$0 changed to $217,388
Management and general expenses
$39,805 changed to $62,135
Program service expenses (Part III)
not reported changed to $217,388

Listed under a different title

  • Charles R Perelman: PRESIDENT then DIRECTOR
  • Keith Jones: DIRECTOR then PRESIDENT

Totals

Total revenue
$519,105
Total expenses
$279,523
Contributions and grants received
$84,929
Grants paid
$217,388
Program service revenue
$0
Investment income
$434,176
Other revenue
$0
Total assets, end of year
$13,555,780
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,555,780
Program services expenses (Part IX)
$217,388
Management and general expenses
$62,135
Fundraising expenses
$0
Program service expenses (Part III)
$217,388

Program services were 77.8% 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.

  • 1f · All other contributions, gifts and grants

    $84,929

  • 3 · Investment income

    total $366,040 · excluded $366,040

  • 7a · Gross sales of assets other than inventory

    securities $1,482,810

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

    securities $1,414,674

  • 7c · Gain or loss

    securities $68,136

  • 7d · Net gain or loss

    total $68,136 · excluded $68,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $217,388 · program services $217,388

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 11f · Fees: investment management

    total $52,488 · management and general $52,488

  • 13 · Office expenses

    total $345 · management and general $345

  • 24a · Other expenses: LICENSES AND PERMITS

    total $1,528 · management and general $1,528

  • 24b · Other expenses: BANK CHARGES

    total $274 · management and general $274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,903 · end of year $267,541

  • 2 · Savings and temporary cash investments

    beginning of year $207,989 · end of year $224,641

  • 3 · Pledges and grants receivable

    beginning of year $2,867,965 · end of year $2,653,794

  • 11 · Investments: publicly traded securities

    beginning of year $9,959,632 · end of year $10,383,402

  • 15 · Other assets

    beginning of year $25,241 · end of year $26,402

  • 27 · Net assets without donor restrictions

    beginning of year $13,104,730 · end of year $13,555,780

Mission and programs · 2023

Mission

THE MISSION OF THE CULVER CITY ROTARY COMMUNITY FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT ON A CONTINUING BASIS FOR LOCAL CHARITABLE ORGANIZATIONS AND TO FUND HUMANITARIAN PROJECTS THAT PROMOTE EDUCATION OR SOCIAL WELFARE PURPOSES. THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION SUPPORTED SOLELY BY CONTRIBUTIONS FROM MEMBERS OF THE ROTARY CLUB OF CULVER CITY AND FRIENDS OF THE FOUNDATION WHO SHARE THE ROTARY VISION OF WORLD UNDERSTANDING, GOODWILL, AND PEACE.

  • COMMUNITY SERVICE: THE FOUNDATION SPONSORS AND SUPPORTS VARIOUS COMMUNITY SERVICE PROGRAMS, SUCH AS: 1) THE CULVER CITY SCHOOL WEEKEND BACKPACK PROGRAM, WHICH PROVIDES BACKPACKS FILLED WITH FOOD FOR DISADVANTAGED YOUTH, 2) THE CULVER CITY TEEN CENTER, 3) THE CULVER CITY COMMUNITY SCHOLARSHIP FUND THAT AWARDS SCHOLARSHIPS TO HIGH SCHOOL GRADUATES TO CONTINUE THEIR EDUCATION, 4) THE CULVER-PALMS YMCA WHO WORK TO ENRICH THE LIVES OF FAMILIES IN THE COMMUNITY, AND 5) THE LOCAL BOY SCOUT TROUP AND CULVER CITY HIGH SCHOOL STUDENT CLUBS THAT PROVIDE VARIOUS SERVICES THROUGHOUT THE COMMUNITY AND TEACHES THEIR PARTICIPANTS LEADERSHIP AND LIFE SKILLS.

    Expenses $162,148 · Grants $162,148

  • INTERNATIONAL SERVICE: THE FOUNDATION ACTIVELY PARTICIPATES IN STUDENT AND GROUP STUDY EXCHANGE PROGRAMS WITH AUSTRALIA, INDIA, AND JAPAN BY SPONSORING, HOSTING, AND ARRANGING FOR PARTICIPANTS TO TRAVEL TO, AND LEARN ABOUT, OTHER COUNTRIES AND CULTURES. THE FOUNDATION HAS ALSO PROVIDED FUNDING FOR ROTARY INTERNATIONAL'S HUMANITARIAN AID PROJECTS, SUCH AS THEIR POLIO PLUS CAMPAIGN TO ERADICATE POLIO WORLDWIDE AND PROVIDE CORRECTIVE SURGERY TO POLIO VICTIMS AND THEIR WHEELCHAIR PROJECT AND MEDICAL CLINICS IN DEVELOPING COUNTRIES.

    Expenses $29,600 · Grants $29,600

  • YOUTH SERVICE: THE FOUNDATION SUPPORTS VARIOUS CULVER CITY SCHOOL DISTRICT PROGRAMS IN THEIR GRADES K-12, INCLUDING THE DICTIONARY PROJECT, THE INTERACT CLUB'S FOOD DRIVES, AND OTHER INTRAMURAL HIGH SCHOOL PROGRAMS.

    Expenses $25,640 · Grants $25,640

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles R Perelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lyn Caron

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Carmela Raack

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Janet Chabola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Jones

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Rod Miyata

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cy Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Forman

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2026
IRS schema version
2023v6.0
Source object
202622199349300842

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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