Form 990 for tax year 2022
Filed by ROTARY CLUB OF LAKE MINNETONKA - EXCELSIOR.
Totals
- Total revenue
- $395,472
- Total expenses
- $340,498
- Contributions and grants received
- $208,418
- Grants paid
- $257,791
- Program service revenue
- $187
- Investment income
- $707
- Other revenue
- $186,160
- Total assets, end of year
- $374,219
- Total liabilities, end of year
- $72,821
- Net assets or fund balances, end of year
- $301,398
- Program services expenses (Part IX)
- $328,582
- Management and general expenses
- $11,916
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $328,582
Program services were 96.5% 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.
-
1b · Membership dues
$68,220
-
1f · All other contributions, gifts and grants
$140,198
-
2a · Program service revenue: MISCELLANEOUS REVENUE
total $187 · related or exempt $187
-
3 · Investment income
total $707 · excluded $707
-
8a · Fundraising events: gross income
$270,590
-
8b · Fundraising events: direct expenses
$277,393
-
8c · Net income from fundraising events
total -$6,803
-
9a · Gaming: gross income
$7,031,052
-
9b · Gaming: direct expenses
$6,838,089
-
9c · Net income from gaming
total $192,963 · unrelated business $185,266 · excluded $7,697
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $257,791 · program services $257,791
-
11c · Fees: accounting
total $1,000 · management and general $1,000
-
11g · Fees: other
total $5,587 · program services $5,587
-
12 · Advertising and promotion
total $4,880 · program services $4,880
-
19 · Conferences, conventions and meetings
total $8,703 · management and general $8,703
-
22 · Depreciation, depletion and amortization
total $4,387 · program services $4,387
-
24a · Other expenses: DUES
total $45,488 · program services $45,488
-
24b · Other expenses: COMMITTEE SERVICES
total $5,783 · program services $5,783
-
24c · Other expenses: PROGRAM EXPENSES
total $4,586 · program services $4,586
-
24d · Other expenses: LOSS ON SALE OF TRUCK
total $2,213 · management and general $2,213
-
24e · All other expenses
total $80 · program services $80
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $153,484 · end of year $259,533
-
2 · Savings and temporary cash investments
beginning of year $95,117 · end of year $67,352
-
4 · Accounts receivable
beginning of year $30,828 · end of year $13,299
-
9 · Prepaid expenses and deferred charges
beginning of year $160
-
10a · Land, buildings and equipment: cost or other basis
$36,879
-
10b · Land, buildings and equipment: accumulated depreciation
$2,844
-
10c · Land, buildings and equipment, net
beginning of year $22,258 · end of year $34,035
-
17 · Accounts payable and accrued expenses
end of year $1,081
-
19 · Deferred revenue
beginning of year $55,423 · end of year $71,740
-
27 · Net assets without donor restrictions
beginning of year $235,790 · end of year $211,836
-
28 · Net assets with donor restrictions
beginning of year $10,634 · end of year $89,562
Mission and programs · 2022
Mission
ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE. PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS, OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE LAKE MINNETONKA EXCELSIOR ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 100. OUR CLUB IS OPEN TO EVERYONE WHO EITHER DOES BUSINESS OR RESIDES IN THE EXCELSIOR/LAKE MINNETONKA AREA. WE ORGANIZE SEVERAL LOCAL EVENTS EACH YEAR INCLUDING ROSE SALE IN MARCH, BINGO AND BURGERS BY THE BAY (FIRST SATURDAY IN MAY) AND THE CONCERTS IN THE COMMONS MUSIC SERIES IN EXCELSIOR. THESE EVENTS BUILD GOODWILL WITHIN OUR COMMUNITY AS WELL AS RAISE FUNDS TO PROVIDE HUMANITARIAN SERVICE AND SUPPORT. THE FUNDS WE RAISE SUPPORT LOCAL AND INTERNATIONAL ORGANIZATIONS THAT FOCUS ON REDUCING FOOD AND HOUSING INSECURITY, EDUCATION, CLEAN WATER, MENTAL HEALTH, AND YOUTH SERVICES.
Activities or mission (Part I)
ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS. OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE EXCELSIOR MORNING ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 70. OUR CLUB IS OPEN TO MEN AND WOMEN WHO EITHER DO BUSINESS OR RESIDE IN THE EXCELSIOR/MINNETONKA AREA.
-
SOME OF THE PROJECTS AND EVENTS OUR ROTARY CLUB HAS WORKED ON AND SUPPORTED INCLUDE: INTERNATIONAL WORK: OUR ROTARY CLUB HAS PROVIDED GRANTS TO: CREATE AN EARLY CHILDHOOD EDUCATION PROGRAM IN GHANA, DEVELOP A SEWING CENTER FOR WOMEN ENTREPRENEURS IN GUATEMALA, BUILD DEEP WELLS IN RURAL BOLIVIA, PROVIDE MICRO LOANS FOR WOMEN GINGER FARMERS IN TANZANIA, DEVELOP A YOUTH SPORTS CENTER IN NICARAGUA, PROVIDE SCHOLARSHIPS FOR CHILDREN IN GUATEMALA, AND CONTRIBUTE TO SHELTERBOX'S MISSION TO PROVIDE EMERGENCY SHELTER TO DISPLACED FAMILIES AROUND THE GLOBE. ADDITIONALLY, EACH YEAR WE PARTICIPATE IN ROTARY INTERNATIONAL'S CAMPAIGN TO ERADICATE POLIO WORLDWIDE. LOCAL PROGRAMS: SIGNIFICANT GRANTS ARE GIVEN ANNUALLY TO CAUSES SUCH AS THE ICA FOOD SHELF, WECAN, LOAVES AND FISHES, ONWARD EDEN PRAIRIE, TREE HOUSE, HOPE HOUSE, IMHOTEP CENTER FOR SCIENCE EDUCATION, 180 DEGREES, LIVIN FOUNDATION AND TO OUTSTANDING TEACHERS IN OUR SCHOOLS. WE ARE ALSO A KEY SUPPORTER OF THE COMMUNITY FOR THE COMMONS IN THEIR WORK TO RE-VITALIZE THE COMMUNITY AREAS AROUND THE LAKE IN EXCELSIOR. WE ALSO SUPPORT YOUTH IN TWO WAYS. FIRST, WE SPONSOR AN INTERACT CLUB (HIGH SCHOOL ROTARY GROUP) AT MINNETONKA HIGH SCHOOL. THIS INTERACT CLUB DOES THEIR OWN FUND RAISING AND SUPPORTS LOCAL AND INTERNATIONAL PROJECTS WITH TIME AND/OR DONATIONS. SECOND, WE ALSO SPONSOR TWO HIGH SCHOOL EXCHANGE STUDENTS PER YEAR. ONE OUTBOUND FROM MINNETONKA AND ONE INBOUND. WE ARE PROUD TO SPONSOR THESE TWO GROUPS OF FUTURE LEADERS.
Expenses $328,582 · Grants $257,791
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Pam LangsethPAM LANGSETH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Jake SturgisJAKE STURGIS
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Mark JeterMARK JETER
PRESIDENT EL
- Total calculated
- $0
- Hours/week
- 10
-
Kathleen MalleryKATHLEEN MALLERY
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Mitch DayMITCH DAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Scott GerlicherSCOTT GERLICHER
EVENTS
- Total calculated
- $0
- Hours/week
- 2
-
Maggie TrenaryMAGGIE TRENARY
CLUB ADMIN
- Total calculated
- $0
- Hours/week
- 5
-
Meg LowMEG LOW
INTERNATIONA
- Total calculated
- $0
- Hours/week
- 2
-
Dan NarrDAN NARR
LOCAL SERVIC
- Total calculated
- $0
- Hours/week
- 2
-
Lisa WagnerLISA WAGNER
MEMBERSHIP
- Total calculated
- $0
- Hours/week
- 5
-
Larry LembrichLARRY LEMBRICH
GAMING CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Cari GerlicherCARI GERLICHER
YOUTH SERVIC
- Total calculated
- $0
- Hours/week
- 2
-
Matthew KusilekMATTHEW KUSILEK
MARKETING
- Total calculated
- $0
- Hours/week
- 2
-
Chelsea JonesCHELSEA JONES
AT LARGE
- 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
-
EXCELSIOR CHAMBER OF COMMERCE
$30,000
-
$16,500
-
$13,000
BOLIVIAN WELL
-
$13,000
-
$11,000
-
$10,000
-
$10,000
-
$10,000
GIRLS TABLET PROJECT
-
MINNETONKA SCHOOL DISTRICT
$10,000
TONKA PREP
-
$9,000
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411349349305286
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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