Form 990 for tax year 2022
Filed by LAKE ARROWHEAD ROTARY FOUNDATION.
Totals
- Total revenue
- $150,600
- Total expenses
- $153,469
- Contributions and grants received
- $124,545
- Grants paid
- $129,860
- Program service revenue
- $0
- Investment income
- $28,993
- Other revenue
- -$2,938
- Total assets, end of year
- $1,100,434
- Total liabilities, end of year
- $17,374
- Net assets or fund balances, end of year
- $1,083,060
- Program services expenses (Part IX)
- $141,124
- Management and general expenses
- $12,345
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $141,124
Program services were 92.0% 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.
-
1c · Fundraising events
$68,681
-
1f · All other contributions, gifts and grants
$55,864
-
3 · Investment income
total $38,992 · excluded $38,992
-
7a · Gross sales of assets other than inventory
securities $10,000
-
7b · Less cost or other basis and sales expenses
securities $19,999
-
7c · Gain or loss
securities -$9,999
-
7d · Net gain or loss
total -$9,999 · excluded -$9,999
-
8a · Fundraising events: gross income
$6,227
-
8a · Fundraising events: contributions included on line 1c
$68,681
-
8b · Fundraising events: direct expenses
$9,165
-
8c · Net income from fundraising events
total -$2,938 · excluded -$2,938
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $111,860 · program services $111,860
-
2 · Grants to domestic individuals
total $18,000 · program services $18,000
-
11c · Fees: accounting
total $683 · management and general $683
-
11f · Fees: investment management
total $11,248 · management and general $11,248
-
12 · Advertising and promotion
total $339 · program services $339
-
13 · Office expenses
total $126 · management and general $126
-
24a · Other expenses: VOCATIONAL SERVICE
total $8,700 · program services $8,700
-
24b · Other expenses: YOUTH SERVICES
total $2,225 · program services $2,225
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $124 · management and general $124
-
24d · Other expenses: CREDIT CARD PROCESSING
total $89 · management and general $89
-
24e · All other expenses
total $75 · management and general $75
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $57,096 · end of year $29,861
-
4 · Accounts receivable
end of year $400
-
10a · Land, buildings and equipment: cost or other basis
$1,000
-
10b · Land, buildings and equipment: accumulated depreciation
$1,000
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,023,104 · end of year $1,069,167
-
15 · Other assets
beginning of year $345 · end of year $1,006
-
17 · Accounts payable and accrued expenses
beginning of year $813 · end of year $41
-
18 · Grants payable
beginning of year $22,119 · end of year $17,333
-
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 $1,057,613 · end of year $1,083,060
Mission and programs · 2022
Mission
THE ORGANIZATION RAISES MONEY IN THE COMMUNITY IN ORDER TO FUND LOCAL CHARITIES AND PROVIDE SCHOLARSHIPS TO THE YOUTH OF THE AREA.
-
FUNDS ARE PAID TO VARIOUS COMMUNITY BASED NON PROFIT AND TAX EXEMPT ORGANIZATIONS FOR THE FURTHERANCE OF THEIR CHARITABLE PURPOSES. ADDITIONALLY, THE FOUNDATION ALSO HELPS FUND COMMUNITY PROJECTS AND PURCHASES FOR OTHER CHARITABLE ORGANIZATIONS IN ORDER TO ENHANCE PUBLIC FACILITIES AS WELL AS PROVIDE SCHOLARSHIPS TO LOCAL YOUTH.
Expenses $141,124 · Grants $129,860
As filed on the 2022 return.
Listed in Part VII
-
Terry EbertTERRY EBERT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Diane GladwellDIANE GLADWELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Jeri SimpsonJERI SIMPSON
TREASURER
- Total calculated
- $0
- Hours/week
- 8
-
Teresa OstlieTERESA OSTLIE
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 3
-
Peter VenturiniPETER VENTURINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Angela YapANGELA YAP
PUBLIC RELATIONS CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Richard LavinRICHARD LAVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Robert GladwellROBERT GLADWELL
MEMBERSHIP CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Norton MarksNORTON MARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Cheryl MoxleyCHERYL MOXLEY
FOUNDATION AND INTERNATIONAL CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Barry HoyBARRY HOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
-
BLIZZARD RELIEF
-
SUPPORT CSUSB PHILANTHROPIC FOUNDATION
-
BLIZZARD RELIEF
-
SUPPORT RIM OF THE WORLD EDUCATION FOUNDATION
-
$5,178
BLIZZARD RELIEF
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322489349300632
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