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Nonprofiteer
← FOUNDATION OF THE ROTARY CLUB OF CALIFORNIA

Form 990 for tax year 2023

Filed by FOUNDATION OF THE ROTARY CLUB OF CALIFORNIA.

Totals

Total revenue
$96,502
Total expenses
$112,315
Contributions and grants received
$70,834
Grants paid
$104,492
Program service revenue
$0
Investment income
$7,106
Other revenue
$18,562
Total assets, end of year
$324,900
Total liabilities, end of year
$26,249
Net assets or fund balances, end of year
$298,651
Program services expenses (Part IX)
$104,492
Management and general expenses
$7,823
Fundraising expenses
$0
Program service expenses (Part III)
$104,492

Program services were 93.0% 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

    $70,834

  • 3 · Investment income

    total $5,167 · unrelated business $0 · excluded $5,167

  • 7a · Gross sales of assets other than inventory

    securities $90,868

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

    securities $88,929

  • 7c · Gain or loss

    securities $1,939

  • 7d · Net gain or loss

    total $1,939 · related or exempt $0 · unrelated business $0 · excluded $1,939

  • 8a · Fundraising events: gross income

    $42,702

  • 8b · Fundraising events: direct expenses

    $24,140

  • 8c · Net income from fundraising events

    total $18,562 · unrelated business $0 · excluded $18,562

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,492 · program services $104,492

  • 11c · Fees: accounting

    total $1,150 · program services $0 · management and general $1,150 · fundraising $0

  • 11f · Fees: investment management

    total $2,339 · program services $0 · management and general $2,339 · fundraising $0

  • 12 · Advertising and promotion

    total $3,000 · program services $0 · management and general $3,000 · fundraising $0

  • 13 · Office expenses

    total $1,284 · program services $0 · management and general $1,284 · fundraising $0

  • 24a · Other expenses: FILING FEES

    total $50 · program services $0 · management and general $50 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,394 · end of year $24,692

  • 2 · Savings and temporary cash investments

    beginning of year $66,970 · end of year $72,342

  • 11 · Investments: publicly traded securities

    beginning of year $223,100 · end of year $227,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    end of year $26,249

  • 31 · Retained earnings, endowment or other funds

    beginning of year $314,464 · end of year $298,651

Mission and programs · 2023

Mission

THE FOUNDATION WAS ESTABLISHED TO MANAGE THE ALAMO MUSIC AND WINE FESTIVAL AND ANY OTHER FUNDRAISING EVENTS TO BENEFIT THE LOCAL PUBLIC SCHOOLS, ROTACARE HEALTH CLINIC, CIVIC PROJECTS, INCLUDING PUBLIC USE ITEMS SUCH AS BUS BENCHES AND BEAUTIFICATION PROJECTS.

  • ROTACARE MEDICAL CLINIC SUPPORT, FREE MIDICAL CARE FOR LOW INCOME INDIVIDUALS PROVIDING DIABETES AND HEALTH EDUCATION.

    Expenses $72,976 · Grants $72,976

  • DONATIONS AND SUPPORT FOR LOCAL YOUTH PROGRAMS INCLUDING THE DICTIONARY PROJECT, YOUTH LEADERSHIP CAMPS, SCHOOL LIBRARY CONTRIBUTIONS AND STUDENT TEACHER RECOGNITION AWARDS

    Expenses $7,360 · Grants $7,360

  • INTERNATIONAL PROJECTS SUPPORTING ROTARY INTERNATIONAL EDUCATION AND HEALTH PROJECTS AND PROGRAMS. INCLUDING THE TUTU DESK PROJECT, THE SYCAMORE CARDIAC GLOBAL GRANT PROJECT, LOS AYALA KINDER GRANT AND CRISTO REY SCHOOL FURNITURE GRANT

    Expenses $3,550 · Grants $3,550

  • OTHER GRANTS TO LOCAL COMMUNITY PROGRAMS INCLUDING MEALS ON WHEELS, FOOD BANK, RISE AGAINST HUNGER, INTERSTATE EXCHANGE CLEAN UP, MAUI FIRE RELIEF

    Expenses $20,606 · Grants $20,606

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

Listed in Part VII

  • Peter Waldron

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Karen McPherson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jack Thompson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Thiessen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Grimes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ekaterina Atanassov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Chapman

    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349306568

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