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← ADDISON ROTARY FOUNDATION INC

Form 990 for tax year 2022

Filed by ADDISON ROTARY FOUNDATION INC.

Totals

Total revenue
$180,642
Total expenses
$207,277
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$185,817
Investment income
$0
Other revenue
-$5,175
Total assets, end of year
$10,581
Total liabilities, end of year
$9,098
Net assets or fund balances, end of year
$1,483
Program services expenses (Part IX)
$179,903
Management and general expenses
$27,374
Fundraising expenses
$0
Program service expenses (Part III)
$179,903

Program services were 86.8% 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.

  • 2a · Program service revenue: CONTRIBUTIONS

    total $185,817 · related or exempt $185,817

  • 11a · Other revenue: GOLF TOURNAMENT REVENUE

    total $29,405 · related or exempt $29,405

  • 11b · Other revenue: OTHER INCOME

    total $25 · related or exempt $25

  • 11c · Other revenue: LESS TOURNAMENT EXPENSES

    total -$34,605 · related or exempt -$34,605

  • 11e · Other revenue, total

    -$5,175

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $203 · management and general $203

  • 24a · Other expenses: GOLF TOURNAMENT EXPENSE

    total $179,903 · program services $179,903

  • 24b · Other expenses: OPERATING EXPENSES

    total $17,307 · management and general $17,307

  • 24c · Other expenses: GREATER GIVING FEES

    total $9,864 · management and general $9,864

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,686 · end of year $10,581

  • 4 · Accounts receivable

    beginning of year $1,750

  • 15 · Other assets

    beginning of year $2,687

  • 17 · Accounts payable and accrued expenses

    beginning of year $5 · end of year $9,098

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,118 · end of year $1,483

Mission and programs · 2022

Mission

SUPPORT OF OTHER CHARITABLE ORGANIZATIONS BY RAISING FUNDS AND MAKING GRANTS TO OTHER CHARITABLE ORGANIZATIONS IN NORTH TEXAS THAT ARE DIRECTLY PROVIDING SERVICES TO CHILDREN AND OTHER CHARITABLE PROGRAMS.

Activities or mission (Part I)

THE ADDISON ROTARY FOUNDATION, INC. IS A CHARITABLE ORGANIZATION THAT WORKS WITH THE ADDISON ROTARY CLUB TO RAISE FUNDS FOR OTHER CHARITABLE ORGANIZATIONS THAT SERVE CHILDREN AND OTHER CHARITABLE CAUSES AND PROGRAMS IN NORTH TEXAS.

  • THE ADDISON ROTARY OPEN IS A CHARITABLE GOLF TOURNAMENT HELD EACH YEAR WHICH WAS ORGANIZED AND SPONSORED BY THE ADDISON ROTARY FOUNDATION, INC. WITH 100% OF THE NET PROCEEDS THEN BEING GIVEN TO THE RONALD MCDONALD HOUSE OF DALLAS TO SUPPORT IT'S ONGOING ANNUAL OPERATING BUDGET.

    Expenses $49,903

  • THE ADDISON ROTARY FOUNDATION, INC. RAISES MONEY FOR OTHER LOCAL CHARITIES IN NORTH TEXAS AND DISBURSES THOSE FUNDS AND MAKES GRANTS TO ASSIST AND SUPPORT THOSE OTHER VARIOUS LOCAL CHARITABLE ORGANIZATIONS.

    Expenses $130,000

As filed on the 2022 return.

Listed in Part VII

  • Paul Spencer

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349321000

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