Form 990 for tax year 2024
Filed by ROTARY CLUB OF SCHAUMBURG-HOFFMAN ESTATES CHARITABLE FOUNDATION INC.
Totals
- Total revenue
- $239,924
- Total expenses
- $224,680
- Contributions and grants received
- $5,000
- Grants paid
- $207,501
- Program service revenue
- $0
- Investment income
- $33,192
- Other revenue
- $201,732
- Total assets, end of year
- $1,076,703
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,076,703
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1f · All other contributions, gifts and grants
$5,000
-
3 · Investment income
total $33,192
-
8a · Fundraising events: gross income
$262,059
-
8b · Fundraising events: direct expenses
$60,389
-
8c · Net income from fundraising events
total $201,670
-
11a · Other revenue: SCHOLARSHIP RETURN
total $62
-
11e · Other revenue, total
$62
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $205,751
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $1,750
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,750
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $8,775
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: STATE FEES
total $30
-
24b · Other expenses: CREDIT CARD EXPENSE
total $10
-
24c · Other expenses: MISCELLANEOUS
total $613
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $891
-
24e · All other expenses
total $110
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $52,661 · end of year $124,788
-
2 · Savings and temporary cash investments
beginning of year $15,425 · end of year $15,425
-
7 · Other notes and loans receivable
beginning of year $1,830 · end of year $1,830
-
9 · Prepaid expenses and deferred charges
beginning of year $6,300
-
11 · Investments: publicly traded securities
beginning of year $908,821 · end of year $920,160
-
15 · Other assets
beginning of year $14,500 · end of year $14,500
-
27 · Net assets without donor restrictions
beginning of year $714,733 · end of year $841,899
-
28 · Net assets with donor restrictions
beginning of year $284,804 · end of year $234,804
Mission and programs · 2024
Mission
DONATIONS TO CHARITABLE ORGANIZATIONS IN THE COMMUNITY
Activities or mission (Part I)
DONATIONS TO CHARITABLE ORGANIZATIONS AND TO VOCATIONAL AND FOUR YEAR COLLEGE STUDENTS
-
COMMUNITY SERVICE
As filed on the 2024 return.
Listed in Part VII
-
ED HAAG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
GLENN SZURGOT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
JIM FABBRINI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
WESLEY CROCKET
TRESURER
- Total calculated
- $0
- Hours/week
- 1
-
RACHAEL HUBSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES FABBRINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BARRY CHRISTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GARY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOEDORE GROSS
DIRECTOR
- 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
-
$50,000
-
$10,000
-
$6,500
-
$6,000
-
$5,000
-
$5,000
-
$5,000
-
$5,000
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.
-
501C4 · ROTARY CLUB · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542309349300304
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