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← MIDLAND ROTARY FOUNDATION

Form 990 for tax year 2023

Filed by MIDLAND ROTARY FOUNDATION.

Totals

Total revenue
$34,164
Total expenses
$110,772
Contributions and grants received
$6,340
Grants paid
$110,300
Program service revenue
$0
Investment income
$27,824
Other revenue
$0
Total assets, end of year
$1,129,394
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,129,394
Program services expenses (Part IX)
$110,300
Management and general expenses
$472
Fundraising expenses
$0
Program service expenses (Part III)
$110,300

Program services were 99.6% 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

    $6,340

  • 3 · Investment income

    total $27,752 · excluded $27,752

  • 7a · Gross sales of assets other than inventory

    securities $30,039

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

    securities $29,967

  • 7c · Gain or loss

    securities $72

  • 7d · Net gain or loss

    total $72 · related or exempt $72

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,000 · program services $104,000

  • 2 · Grants to domestic individuals

    total $6,300 · program services $6,300

  • 24a · Other expenses: BANK FEES

    total $255 · management and general $255

  • 24b · Other expenses: SUPPLIES

    total $197 · management and general $197

  • 24c · Other expenses: STATE REGISTRATION FEE

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3 · end of year $2

  • 2 · Savings and temporary cash investments

    beginning of year $73,470 · end of year $18,996

  • 4 · Accounts receivable

    beginning of year $400

  • 11 · Investments: publicly traded securities

    beginning of year $1,108,247 · end of year $1,110,396

  • 27 · Net assets without donor restrictions

    beginning of year $1,022,049 · end of year $1,024,323

  • 28 · Net assets with donor restrictions

    beginning of year $160,071 · end of year $105,071

Mission and programs · 2023

Mission

PROVIDES GRANTS TO VARIOUS LOCAL CHARITABLE ORGANIZATIONS WHO PROVIDE PROGRAMS AND SERVICES TO CHILDREN IN THE COMMUNITY.

  • SCHOLARSHIPS AND ASSISTANCE TO VARIOUS CHARITABLE ORGANIZATIONS WHO PROVIDE SERVICES TO CHILDREN IN THE COMMUNITY.

    Expenses $110,300 · Grants $110,300

As filed on the 2023 return.

Listed in Part VII

  • Melissa Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Kellie Bos

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • J Dee Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Dale Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Tim Dyste

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Granzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Tawny Ryan Nelb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Jim Nigro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Dallas Rau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • John Haag Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Scott Withrow

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202413209349313966

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