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Nonprofiteer
← ROTARY CLUB OF CADILLAC FOUNDATION

Form 990 for tax year 2023

Filed by ROTARY CLUB OF CADILLAC FOUNDATION.

Totals

Total revenue
$92,938
Total expenses
$100,289
Contributions and grants received
$47,826
Grants paid
$90,250
Program service revenue
$0
Investment income
$45,112
Other revenue
$0
Total assets, end of year
$1,977,786
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,977,786
Program services expenses (Part IX)
$90,250
Management and general expenses
$10,039
Fundraising expenses
$0
Program service expenses (Part III)
$90,250

Program services were 90.0% 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

    $47,826

  • 3 · Investment income

    total $44,980 · related or exempt $44,980

  • 7a · Gross sales of assets other than inventory

    securities $136,559

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

    securities $136,427

  • 7c · Gain or loss

    securities $132

  • 7d · Net gain or loss

    total $132 · related or exempt $132

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,250 · program services $90,250

  • 11f · Fees: investment management

    total $9,445 · management and general $9,445

  • 24a · Other expenses: FEDERAL INCOME TAX

    total $550 · management and general $550

  • 24b · Other expenses: BANK FEES

    total $24 · management and general $24

  • 24c · Other expenses: MICHIGAN ANNUAL REPORT

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,385 · end of year $57,368

  • 11 · Investments: publicly traded securities

    beginning of year $1,775,187 · end of year $1,920,418

  • 27 · Net assets without donor restrictions

    beginning of year $1,785,572 · end of year $1,977,786

Mission and programs · 2023

Mission

THE ORGANIZATION IS ORGANIZED FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES. IT COMPLETED THIS MISSION BY MAKING GRANTS.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES. THE FOUNDATION MAKES GRANTS TO LOCAL CHARITIES & ORGANIZATIONS & SCHOLARSHIPS TO STUDENTS.

  • DIGGINS HILL PROJECT

    Expenses $35,000 · Grants $35,000

  • VETERANS WALL

    Expenses $12,500 · Grants $12,500

  • OPERATION EXPENSES

    Expenses $20,000 · Grants $20,000

  • Expenses $22,750 · Grants $22,750

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Lagerway

    TRUSTEE

    Total calculated
    $0

  • Doreen Lanc

    TRUSTEE

    Total calculated
    $0

  • John MacLeod

    TRUSTEE

    Total calculated
    $0

  • Ross Meyering

    TRUSTEE

    Total calculated
    $0

  • Ed Vanalst

    TRUSTEE

    Total calculated
    $0

  • Amy Gibbs

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Marcus

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jim Meier

    SECRETARY

    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

  • CITY OF CADILLAC

    $35,000

    DIGGINS HILL

  • LOVE INC

    $20,000

    OPERATIONS

  • WEXFORD COUNTY

    $12,500

    VETERANS WALL

  • FRIENDS OF MACKENZIE TRAIL

    $10,000

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.0
Source object
202442439349300119

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