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Nonprofiteer
← ROTARY CLUB OF WILMINGTON EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by ROTARY CLUB OF WILMINGTON EDUCATIONAL FOUNDATION.

Totals

Total revenue
$127,623
Total expenses
$96,185
Contributions and grants received
$7,375
Grants paid
$83,060
Program service revenue
$0
Investment income
$120,248
Other revenue
$0
Total assets, end of year
$2,210,755
Total liabilities, end of year
$192,050
Net assets or fund balances, end of year
$2,018,705
Program services expenses (Part IX)
$96,185
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$96,185

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

    $7,375

  • 3 · Investment income

    total $50,242 · excluded $50,242

  • 7a · Gross sales of assets other than inventory

    securities $1,117,133

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

    securities $1,047,127

  • 7c · Gain or loss

    securities $70,006

  • 7d · Net gain or loss

    total $70,006 · excluded $70,006

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $83,060 · program services $83,060

  • 11a · Fees: management

    total $12,051 · program services $12,051

  • 11c · Fees: accounting

    total $728 · program services $728

  • 24a · Other expenses: BANK AND CREDIT CARD FE

    total $266 · program services $266

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $80 · program services $80

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,101 · end of year $6,093

  • 12 · Investments: other securities

    beginning of year $2,021,528 · end of year $2,204,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,864 · end of year $0

  • 18 · Grants payable

    beginning of year $181,385 · end of year $192,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $50

  • 27 · Net assets without donor restrictions

    beginning of year $1,837,380 · end of year $2,018,705

Mission and programs · 2024

Mission

TO PROVIDE GRANTS AND OTHER FINANCIAL AID PRIMARILY IN THE FORM OF ACADEMIC AND VOCATIONAL SCHOLARSHIPS TO QUALIFYING STUDENTS IN THE WILMINGTON AND NEW CASTLE COUNTY SURROUNDING AREA.

Activities or mission (Part I)

PROVIDE STUDENTS IN WILMINGTON & NEW CASTLE COUNTY AREA WITH ACADEMIC AND VOCATIONAL SCHOLARSHIPS.

  • THE ROTARY CLUB OF WILMINGTON EDUCATIONAL FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS WHO ARE ABOUT TO ENTER THEIR FRESHMAN YEAR OF COLLEGE. SCHOLARSHIP RECIPIENTS MAY APPLY TO RENEW THE GRANT FOR THEIR SOPHOMORE, JUNIOR, AND SENIOR YEARS. ACADEMIC CANDIDATES MUST BE RESIDENTS OF NEW CASTLE COUNTY, DELAWARE. THEY MUST BE A HIGH SCHOOL SENIOR ATTENDING A PUBLIC OR PRIVATE SCHOOL IN NEW CASTLE COUNTY AND FORMALLY ADMITTED TO A PUBLIC OR PRIVATE COLLEGE OR UNIVERSITY FOR THE UPCOMING ACADEMIC YEAR. IT IS NOT REQUIRED THAT THE COLLEGE OR UNIVERSITY BE LOCATED IN DELAWARE.

    Expenses $96,185 · Grants $83,060

As filed on the 2024 return.

Listed in Part VII

  • Carrie W Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lynn C Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jonathan R Hickey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Jornlin

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

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

No itemized grants to organizations on this return.

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
8 April 2026
IRS schema version
2024v5.5
Source object
202611349349304311

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