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Nonprofiteer
← CLEVELAND ROTARY FOUNDATION

Form 990 for tax year 2023

Filed by CLEVELAND ROTARY FOUNDATION.

Totals

Total revenue
$228,102
Total expenses
$270,535
Contributions and grants received
$65,539
Grants paid
$36,180
Program service revenue
$0
Investment income
$127,298
Other revenue
$35,265
Total assets, end of year
$3,067,366
Total liabilities, end of year
$930
Net assets or fund balances, end of year
$3,066,436
Program services expenses (Part IX)
$195,715
Management and general expenses
$74,820
Fundraising expenses
$0
Program service expenses (Part III)
$195,715

Program services were 72.3% 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

    $65,539

  • 3 · Investment income

    total $109,226 · excluded $109,226

  • 7a · Gross sales of assets other than inventory

    securities $347,251

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

    securities $329,179

  • 7c · Gain or loss

    securities $18,072

  • 7d · Net gain or loss

    total $18,072 · excluded $18,072

  • 8a · Fundraising events: gross income

    $41,192

  • 8b · Fundraising events: direct expenses

    $6,052

  • 8c · Net income from fundraising events

    total $35,140 · excluded $35,140

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $125 · related or exempt $125

  • 11e · Other revenue, total

    $125

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,180 · program services $36,180

  • 11a · Fees: management

    total $46,500 · management and general $46,500

  • 11c · Fees: accounting

    total $6,630 · management and general $6,630

  • 11f · Fees: investment management

    total $13,926 · management and general $13,926

  • 12 · Advertising and promotion

    total $2,500 · management and general $2,500

  • 13 · Office expenses

    total $2,275 · management and general $2,275

  • 19 · Conferences, conventions and meetings

    total $1,810 · management and general $1,810

  • 24a · Other expenses: MISC OTHER PHILANTHROPI

    total $83,354 · program services $83,354

  • 24b · Other expenses: RAPID BEAUTIFICATION

    total $75,765 · program services $75,765

  • 24c · Other expenses: OTHER EXPENSES

    total $1,179 · management and general $1,179

  • 24d · Other expenses: GLOBAL GRANT SCHOLARSHI

    total $416 · program services $416

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,873 · end of year $22,148

  • 4 · Accounts receivable

    beginning of year $979 · end of year $549

  • 11 · Investments: publicly traded securities

    beginning of year $2,937,838 · end of year $3,044,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,279 · end of year $930

  • 27 · Net assets without donor restrictions

    beginning of year $443,683 · end of year $456,678

  • 28 · Net assets with donor restrictions

    beginning of year $2,506,728 · end of year $2,609,758

Mission and programs · 2023

Mission

PROVIDING FUNDING TO FURTHER CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT NORTHEASTERN OHIO

Activities or mission (Part I)

PROVIDING FUNDING TO FURTHER CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT NORTHEAST OHIO

  • THE CLEVELAND ROTARY FOUNDATION IS COMMITTED TO PROVIDING FUNDING FOR VARIOUS CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT THE NORTHEAST OHIO AREA. DURING THE FISCAL YEAR, ROTARIANS DONATED THEIR TIME TOWARDS CHARITABLE PROJECTS SUCH AS BLOOD DONATION EFFORTS, ASSISTANCE AT LOCAL FOOD BANK, SERVING MEALS TO NEEDY NORTHEAST OHIOANS, STUDENT RECOGNITIONS, HONORING POLICE/FIRE AND EMS WORKERS AND BEAUTIFYING GREEN SPACES NEAR RAPID TRANSIT LINES. THOUSANDS OF NORTHEAST OHIOANS HAVE BENEFITED FROM THESE EFFORTS.

    Expenses $195,715 · Grants $36,180

As filed on the 2023 return.

Listed in Part VII

  • Ronald Felgenhauer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Christine Wiskochil

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Howard Lichtig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dennis McAndrew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beverly Ghent-Skrzynski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Melton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Jarzabek

    INVESTMENT ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon S Lerch

    SECRETARY

    Total calculated
    $47,500
    From this org
    $47,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    14 + 16 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
2023
Filed
27 April 2025
IRS schema version
2023v6.0
Source object
202541189349300539

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