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← ROTARY CHARITIES OF TRAVERSE CITY

Form 990 for tax year 2022

Filed by ROTARY CHARITIES OF TRAVERSE CITY.

Totals

Total revenue
$1,013,623
Total expenses
$3,417,345
Contributions and grants received
$95,103
Grants paid
$2,039,376
Program service revenue
$13,598
Investment income
$576,165
Other revenue
$328,757
Total assets, end of year
$46,937,028
Total liabilities, end of year
$583,733
Net assets or fund balances, end of year
$46,353,295
Program services expenses (Part IX)
$3,072,753
Management and general expenses
$344,592
Fundraising expenses
$0
Program service expenses (Part III)
$3,072,753

Program services were 89.9% 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

    $95,103

  • 2a · Program service revenue: CONSULTING FEES

    total $13,598 · related or exempt $13,598

  • 3 · Investment income

    total $1,091,138 · excluded $1,091,138

  • 5 · Royalties

    total $328,757 · excluded $328,757

  • 7a · Gross sales of assets other than inventory

    securities $17,306,006

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

    securities $17,820,979

  • 7c · Gain or loss

    securities -$514,973

  • 7d · Net gain or loss

    total -$514,973 · excluded -$514,973

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,039,376 · program services $2,039,376

  • 5 · Compensation of officers, directors and key employees

    total $136,500 · program services $113,295 · management and general $23,205

  • 6 · Compensation of disqualified persons

    total $385,730 · program services $320,156 · management and general $65,574

  • 8 · Pension plan contributions

    total $31,128 · program services $25,836 · management and general $5,292

  • 9 · Other employee benefits

    total $70,391 · program services $58,425 · management and general $11,966

  • 10 · Payroll taxes

    total $37,542 · program services $31,160 · management and general $6,382

  • 11b · Fees: legal

    total $2,158 · program services $1,791 · management and general $367

  • 11c · Fees: accounting

    total $21,837 · program services $18,125 · management and general $3,712

  • 11f · Fees: investment management

    total $183,574 · management and general $183,574

  • 11g · Fees: other

    total $298,355 · program services $298,355

  • 12 · Advertising and promotion

    total $9,612 · program services $9,612

  • 13 · Office expenses

    total $10,047 · program services $8,339 · management and general $1,708

  • 16 · Occupancy

    total $48,746 · program services $40,459 · management and general $8,287

  • 19 · Conferences, conventions and meetings

    total $40,355 · program services $33,495 · management and general $6,860

  • 20 · Interest

    total $1,011 · program services $1,011

  • 22 · Depreciation, depletion and amortization

    total $9,010 · program services $7,478 · management and general $1,532

  • 23 · Insurance

    total $12,390 · program services $10,284 · management and general $2,106

  • 24a · Other expenses: PRINTING AND PUBLICATIO

    total $24,827 · program services $20,606 · management and general $4,221

  • 24b · Other expenses: TRAINING

    total $22,466 · program services $18,647 · management and general $3,819

  • 24c · Other expenses: MEMBERSHIPS

    total $16,865 · program services $13,998 · management and general $2,867

  • 24d · Other expenses: SEVERANCE TAX

    total $12,648 · management and general $12,648

  • 24e · All other expenses

    total $2,777 · program services $2,305 · management and general $472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,169 · end of year $110,028

  • 4 · Accounts receivable

    beginning of year $116,080 · end of year $191,992

  • 9 · Prepaid expenses and deferred charges

    end of year $12,536

  • 10a · Land, buildings and equipment: cost or other basis

    $85,686

  • 10b · Land, buildings and equipment: accumulated depreciation

    $48,682

  • 10c · Land, buildings and equipment, net

    beginning of year $42,036 · end of year $37,004

  • 11 · Investments: publicly traded securities

    beginning of year $43,568,657 · end of year $44,655,288

  • 12 · Investments: other securities

    beginning of year $1,750,000 · end of year $1,750,000

  • 15 · Other assets

    beginning of year $0 · end of year $180,180

  • 17 · Accounts payable and accrued expenses

    end of year $28,781

  • 18 · Grants payable

    beginning of year $241,428 · end of year $220,000

  • 19 · Deferred revenue

    beginning of year $69,574 · end of year $138,021

  • 25 · Other liabilities

    beginning of year $17,921 · end of year $196,931

  • 27 · Net assets without donor restrictions

    beginning of year $45,350,019 · end of year $46,353,295

Mission and programs · 2022

Mission

PROVIDES FUNDING, LEARNING, AND CONNECTIONS TO ADDRESS OUR REGION'S COMPLEX PROBLEMS AND CREATE COMMUNITY ASSETS FOR ALL.

  • 84 GRANTS PROVIDED TO 60 GOVERNMENTAL & NON-PROFIT ORGANIZATIONS AND 9 CAPACITY BUILDING OPPORTUNITIES TO 196 INDIVIDUALS IN CONNECTION WITH THE MISSION OF ROTARY TO PROVIDE CHARITABLE ASSISTANCE TO THE PEOPLE OF GRAND TRAVERSE, ANTRIM, BENZIE, KALKASKA AND LEELANAU COUNTIES.

    Expenses $3,072,753 · Grants $2,039,376 · Revenue $13,598

As filed on the 2022 return.

Listed in Part VII

  • Jeff Hickman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Greg Luyt

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Marentette

    TREASURER/ SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Marlene Bevan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Hall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Allison Beers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelly Dunham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lorraine Beers

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Irvin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Homer Nye

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sakura Takano

    EXECUTIVE DIRECTOR

    Total calculated
    $157,306
    From this org
    $138,242
    From related orgs
    $0
    Other
    $19,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,242
    Bonus
    $0
    Other
    $0
    Deferred
    $8,190
    Nontaxable benefits
    $10,874
    Filer's total
    $157,306

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
BOARD APPROVED EXECUTIVE DIRECTOR COMPENSATION IN MONTHLY BOARD MEETING.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202333559349300028

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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