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← ROTARY DISTRICT 5080 CHARITABLE FUND

Form 990 for tax year 2024

Filed by ROTARY DISTRICT 5080 CHARITABLE FUND.

Totals

Total revenue
$192,808
Total expenses
$162,922
Contributions and grants received
$121,823
Grants paid
$155,097
Program service revenue
$0
Investment income
$74,003
Other revenue
-$3,018
Total assets, end of year
$1,142,863
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,142,863
Program services expenses (Part IX)
$155,097
Management and general expenses
$7,825
Fundraising expenses
$0
Program service expenses (Part III)
$155,097

Program services were 95.2% 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

    $22,065

  • 1d · Related organizations

    $1,480

  • 1f · All other contributions, gifts and grants

    $98,278

  • 3 · Investment income

    total $53,384 · excluded $53,384

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $92,723

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

    securities $72,104

  • 7c · Gain or loss

    securities $20,619

  • 7d · Net gain or loss

    total $20,619 · related or exempt $20,619

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

    $22,065

  • 8b · Fundraising events: direct expenses

    $7,518

  • 8c · Net income from fundraising events

    total -$7,518

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: RETURN OF PRIOR GRANT

    total $4,500 · related or exempt $4,500

  • 11e · Other revenue, total

    $4,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,717 · program services $91,717

  • 2 · Grants to domestic individuals

    total $57,880 · program services $57,880

  • 3 · Grants to foreign organizations and individuals

    total $5,500 · program services $5,500

  • 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 $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $6,041 · management and general $6,041

  • 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 $1,480 · management and general $1,480

  • 24a · Other expenses: BANK CHARGES

    total $166 · management and general $166

  • 24b · Other expenses: Postage and Shipping

    total $93 · management and general $93

  • 24c · Other expenses: FILING FEES

    total $45 · management and general $45

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,368 · end of year $54,832

  • 2 · Savings and temporary cash investments

    beginning of year $124,850 · end of year $109,250

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $750 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $911,160 · end of year $978,781

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $285

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,074,843 · end of year $1,142,863

Mission and programs · 2024

Mission

To support the local and worldwide charitable activities of the Rotary District 5080 and its participating local Rotary Clubs, as well as provide funding for community projects, scholarships, and other charitable projects.

  • TO PROVIDE A STRUCTURE FOR LOCAL ROTARY CLUBS TO CONDUCT QUALIFIED FUNDRAISING PROGRAMS TO SUPPORT CHARITABLE ACTIVITIES DETERMINED BY THE ROTARY CLUBS. THE ROTARY CLUBS PROVIDE THE VOLUNTEER SUPPORT GENERATING FUNDS. THE ORGANIZATION PROVIDES OVERSIGHT TO ASSURE THAT ALL EXPENDITURES ARE FOR QUALIFIED CHARITABLE PURPOSES OR FUNDRAISING COSTS.

    Expenses $100,097 · Grants $100,097

  • THE ORGANIZATION ADMINISTERS A PERMANENT ENDOWMENT CREATED BY AN INDIVIDUAL TO PROVIDE FINANCIAL SUPPORT TO PROGRAMS BENEFITING SENIORS IN THE GREATER SPOKANE VALLEY GEOGRAPHIC AREA.

    Expenses $33,000 · Grants $33,000

  • THE ORGANIZATION ADMINISTERS ENDOWMENTS CREATED BY ROTARY CLUBS OR INDIVIDUALS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH.

    Expenses $22,000 · Grants $22,000

As filed on the 2024 return.

Listed in Part VII

  • M Karen Cook

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kyle Nolte

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • William Simer

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Gary J Bowe

    Executive Dir.

    Total calculated
    $0
    Hours/week
    3 + 8 related

  • Bev Reed

    President

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Robert Quay

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Helen LeBoeuf

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Heidi Pallardy

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Lorne Westnedge

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 5 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

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
2024
Filed
15 February 2026
IRS schema version
2024v5.2
Source object
202630479349301713

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