Skip to content
Nonprofiteer
← TRIANGLE OKTOBERFEST ROTARY FOUNDATION

Form 990 for tax year 2024

Filed by TRIANGLE OKTOBERFEST ROTARY FOUNDATION.

Totals

Total revenue
$153,853
Total expenses
$150,887
Contributions and grants received
$74,551
Grants paid
$148,000
Program service revenue
$0
Investment income
$865
Other revenue
$78,437
Total assets, end of year
$59,549
Total liabilities, end of year
$34,500
Net assets or fund balances, end of year
$25,049
Program services expenses (Part IX)
$148,000
Management and general expenses
$530
Fundraising expenses
$2,357
Program service expenses (Part III)
$148,000

Program services were 98.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $74,551

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $865 · related or exempt $0 · unrelated business $0 · excluded $865

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $216,036

  • 8a · Fundraising events: contributions included on line 1c

    $74,551

  • 8b · Fundraising events: direct expenses

    $137,599

  • 8c · Net income from fundraising events

    total $78,437 · unrelated business $0 · excluded $78,437

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $148,000 · program services $148,000

  • 13 · Office expenses

    total $582 · program services $0 · management and general $400 · fundraising $182

  • 16 · Occupancy

    total $2,175 · program services $0 · management and general $0 · fundraising $2,175

  • 23 · Insurance

    total $0 · program services $0

  • 24e · All other expenses

    total $130 · management and general $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,867 · end of year $20,010

  • 2 · Savings and temporary cash investments

    beginning of year $30,000 · end of year $30,000

  • 4 · Accounts receivable

    beginning of year $1,144 · end of year $5,638

  • 8 · Inventories for sale or use

    beginning of year $4,816 · end of year $3,901

  • 17 · Accounts payable and accrued expenses

    beginning of year $744 · end of year $14,500

  • 25 · Other liabilities

    beginning of year $20,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $22,083 · end of year $25,049

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The Triangle Oktoberfest Rotary Foundation (Foundation) supports and raises funds for the Apex Sunrise Rotary Foundation, Cary MacGregor Rotary Foundation and other 501(c)(3) organizations in the community. To provide this funding the Foundation raises funds at its signature event the Triangle Oktoberfest, which is presented by members of the Apex Sunrise and Cary MacGregor Rotary Clubs as well as other volunteers.

  • The Foundation raised funds through its signature event, the Triangle Oktoberfest, and provided grants to 501(c)(3) organizations in the Triangle area.

    Expenses $148,000 · Grants $148,000

As filed on the 2024 return.

Listed in Part VII

  • Craig Duerr

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Edward Dreyer

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Daniel Hawley

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Randy Bosse'

    Director

    Total calculated
    $0
    Hours/week
    2

  • David Byerley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Esposito

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Moore

    Director

    Total calculated
    $0
    Hours/week
    2

  • Margaret Sophie

    Director

    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

  • Apex Sunrise Rotary Foundation

    $48,000

    The Triangle Oktoberfest Rotary Foundation provided a grant to Apex Sunrise Rotary Foundation (ASRF), so that the ASRF members can identify community needs, accept and evaluate grant applicants and then provide grants to primarily local charities.

  • Cary MacGregor Rotary Foundation Inc

    $48,000

    The Triangle Oktoberfest Rotary Foundation provided a grant to Cary MacGregor Rotary Foundation (CMRF), so that the CMRF Board can identify community needs, accept and evaluate grant applicants and then provide grants to primarily local charities.

  • The Miracle League of the Triangle

    $30,000

    The Triangle Oktoberfest Rotary Foundation provides a contribution to a named charity each year. The Miracle League of the Triangle was the named charity in 2024 and was provided a grant. The Miracle League of the Triangle provides opportunities for children with mental or physical disabilities to play baseball as a team member in an organized league, and to promote community support and sponsorship for the league.

  • District 7710 Charitable Foundation

    $8,500

    The Triangle Oktoberfest Rotary Foundation provided a grant to District 7710 charitable Foundation earmarked for Western North Carolina Disaster Relief. The relief is for parts of Western North Carolina affected by Hurricane Helene in 2024.

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
9 November 2025
IRS schema version
2024v5.0
Source object
202523179349301747

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.