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Nonprofiteer
← LOS ALTOS ROTARY ENDOWMENT FUND INC

Form 990 for tax year 2023

Filed by LOS ALTOS ROTARY ENDOWMENT FUND INC.

Totals

Total revenue
$375,048
Total expenses
$352,111
Contributions and grants received
$317,289
Grants paid
$350,118
Program service revenue
$0
Investment income
$57,759
Other revenue
$0
Total assets, end of year
$2,341,935
Total liabilities, end of year
$330,490
Net assets or fund balances, end of year
$2,011,445
Program services expenses (Part IX)
$350,118
Management and general expenses
$1,993
Fundraising expenses
$0
Program service expenses (Part III)
$350,118

Program services were 99.4% 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.

  • 1c · Fundraising events

    $224,277

  • 1f · All other contributions, gifts and grants

    $93,012

  • 3 · Investment income

    total $57,759 · excluded $57,759

  • 8a · Fundraising events: gross income

    $10,666

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

    $224,277

  • 8b · Fundraising events: direct expenses

    $10,666

  • 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 $350,118 · program services $350,118

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 24a · Other expenses: BANK FEES

    total $643 · management and general $643

  • 24b · Other expenses: ADMINISTRATIVE SUPPLIES

    total $250 · management and general $250

  • 24c · Other expenses: FILING FEES

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,563 · end of year $229,146

  • 12 · Investments: other securities

    beginning of year $1,860,856 · end of year $2,112,789

  • 25 · Other liabilities

    beginning of year $257,563 · end of year $330,490

  • 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 $1,864,856 · end of year $2,011,445

Mission and programs · 2023

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 $220,715 · Grants $220,715

  • VETERANS

    Expenses $41,715 · Grants $41,715

  • WORLD COMMUNITY SERVICE PROJECTS

    Expenses $87,688 · Grants $87,688

As filed on the 2023 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
    4

  • Crysta Krames

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brandon Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Shea

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Frank Elmer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elsbeth Tebrake

    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

Provenance

Return type
form_990
Tax year
2023
Filed
1 February 2025
IRS schema version
2023v6.0
Source object
202530429349301448

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