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Nonprofiteer
← LAS VEGAS ROTARY FOUNDATION INC

Form 990 for tax year 2024

Filed by LAS VEGAS ROTARY FOUNDATION INC.

Totals

Total revenue
$629,940
Total expenses
$410,563
Contributions and grants received
$296,811
Grants paid
$342,711
Program service revenue
$0
Investment income
$303,921
Other revenue
$29,208
Total assets, end of year
$4,039,977
Total liabilities, end of year
$33,093
Net assets or fund balances, end of year
$4,006,884
Program services expenses (Part IX)
$342,711
Management and general expenses
$67,852
Fundraising expenses
$0
Program service expenses (Part III)
$342,711

Program services were 83.5% 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

    $296,811

  • 3 · Investment income

    total $80,699 · related or exempt $80,699

  • 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 $2,904,079

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

    securities $2,680,857

  • 7c · Gain or loss

    securities $223,222

  • 7d · Net gain or loss

    total $223,222 · related or exempt $223,222

  • 8a · Fundraising events: gross income

    $27,462

  • 8b · Fundraising events: direct expenses

    $3,235

  • 8c · Net income from fundraising events

    total $24,227

  • 9a · Gaming: gross income

    $7,481

  • 9b · Gaming: direct expenses

    $2,500

  • 9c · Net income from gaming

    total $4,981 · excluded $4,981

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,139 · program services $102,139

  • 2 · Grants to domestic individuals

    total $240,572 · program services $240,572

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 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 $12,005 · management and general $12,005

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $20,830 · management and general $20,830

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,502 · management and general $1,502

  • 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: Club Administration Fees

    total $26,904 · management and general $26,904

  • 24b · Other expenses: Bank and Credit Card Fees

    total $6,611 · management and general $6,611

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,991 · end of year $25,621

  • 2 · Savings and temporary cash investments

    beginning of year $104,393 · end of year $104,005

  • 3 · Pledges and grants receivable

    beginning of year $772 · end of year $55

  • 4 · Accounts receivable

    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 $3,411,739 · end of year $3,743,243

  • 12 · Investments: other securities

    beginning of year $28,998 · end of year $60,195

  • 13 · Investments: program-related

    beginning of year $102,297 · end of year $106,858

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,497 · end of year $31,712

  • 25 · Other liabilities

    beginning of year $1,215 · end of year $1,381

  • 27 · Net assets without donor restrictions

    beginning of year $3,455,727 · end of year $3,811,987

  • 28 · Net assets with donor restrictions

    beginning of year $189,751 · end of year $194,897

Mission and programs · 2024

Mission

The purpose of the Organization is to bring together business and professional leaders to provide humanitarian service, encourage high ethical standards in all vocations, and help goodwill and peace in the world.

  • Community Services - to provide donations to las Vegas area charities that assist with the welfare of underprivileged youth.

    Expenses $239,847 · Grants $239,847

  • Santa Clothes - the purchase of clothing for underprivileged youth.

    Expenses $90,364 · Grants $90,364

  • Spread the Word Nevada and Together We Read Program - Advancing childhood literacy through book donations in low-income communities.

    Expenses $12,500 · Grants $12,500

As filed on the 2024 return.

Listed in Part VII

  • Rosalee Hedrick

    President

    Total calculated
    $0
    Hours/week
    2

  • Pete Samoulis

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • David Thorson

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Brian Sorrentino

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • James Kohl

    Past President

    Total calculated
    $0
    Hours/week
    2

  • Mike Ballard

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Richard Jost

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Janice Lencke

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Greg Maguire

    Trustee

    Total calculated
    $0
    Hours/week
    2

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
10 November 2025
IRS schema version
2024v5.2
Source object
202533149349305468

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