Form 990 for tax year 2023
Filed by LYNNWOOD ROTARY COMMUNITY FOUNDATION.
Totals
- Total revenue
- $156,306
- Total expenses
- $147,857
- Contributions and grants received
- $6,250
- Grants paid
- $120,247
- Program service revenue
- $0
- Investment income
- $134,709
- Other revenue
- $15,347
- Total assets, end of year
- $2,318,789
- Total liabilities, end of year
- $1,193
- Net assets or fund balances, end of year
- $2,317,596
- Program services expenses (Part IX)
- $147,821
- Management and general expenses
- $36
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $147,821
Program services were 100.0% 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
$6,250
-
3 · Investment income
total $64,465 · related or exempt $64,465
-
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 $431,287
-
7b · Less cost or other basis and sales expenses
securities $361,043
-
7c · Gain or loss
securities $70,244
-
7d · Net gain or loss
total $70,244 · related or exempt $70,244
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Administration Fee Income
total $14,847 · related or exempt $14,847
-
11b · Other revenue: Challenge Race
total $500 · related or exempt $500
-
11e · Other revenue, total
$15,347
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $70,301 · program services $70,301
-
2 · Grants to domestic individuals
total $49,946 · program services $49,946
-
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 $7,687 · program services $7,687
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $16,686 · program services $16,686
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $3,201 · program services $3,201
-
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: Bank charges
total $36 · management and general $36
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,315 · end of year $10,038
-
2 · Savings and temporary cash investments
beginning of year $71,757 · end of year $72,666
-
3 · Pledges and grants receivable
end of year $0
-
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
beginning of year $11 · end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,120,188 · end of year $2,236,085
-
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
-
25 · Other liabilities
beginning of year $1,193 · end of year $1,193
-
29 · Capital stock, trust principal or current funds
beginning of year $2,206,078 · end of year $2,317,596
Mission and programs · 2023
Mission
RAISE FUNDS TO SUPPORT EDUCATION AND PROVIDE FINANCIAL AND OTHER ASSISTANCE TO OTHER COMMUNITY SERVICE ORGANIZATIONS.
Activities or mission (Part I)
THE LYNNWOOD ROTARY COMMUNITY FOUNDATION PROVIDES SIGNIFICANT FINANCIAL SUPPORT FOR LOCAL NEEDS THROUGH LONG TERM FUND DEVELOPMENT AND RESPONSIBLE STEWARDSHIP.
-
IDENTIFY LOCAL PROJECTS IN THE COMMUNITY AND SURROUNDING AREA IN WHICH FINANCIAL SUPPORT IS PROVIDED.
Expenses $86,422
-
PROVIDE SCHOLARSHIPS TO ATTEND UNIVERSITY, TRADE SCHOOL OR COMMUNITY COLLEGE FOR ELIGIBLE STUDENT APPLICANTS.
Expenses $61,399
As filed on the 2023 return.
Listed in Part VII
-
Vickie Kozuck
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Robert Fadden
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Hatch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Geoffrey Goodwin
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Kleitsch
President
- Total calculated
- $0
- Hours/week
- 1
-
Debbie Bodal
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Marilla Sargent
Treasurer
- Total calculated
- $0
- Hours/week
- 1
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
-
Edmonds School District
$50,409
Education
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.
-
Rotary Club of Lynnwood Washington
501C4 · Service · WA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521369349300902
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