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← ROTARY CLUB OF BOCA RATON SUNRISE FOUNDATION INC

Form 990 for tax year 2023

Filed by ROTARY CLUB OF BOCA RATON SUNRISE FOUNDATION INC.

Totals

Total revenue
$60,394
Total expenses
$42,020
Contributions and grants received
$5,920
Grants paid
$34,220
Program service revenue
$0
Investment income
$16,231
Other revenue
$38,243
Total assets, end of year
$477,280
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$477,280
Program services expenses (Part IX)
$38,690
Management and general expenses
$2,430
Fundraising expenses
$900
Program service expenses (Part III)
$38,690

Program services were 92.1% 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.

  • 1b · Membership dues

    $420

  • 1f · All other contributions, gifts and grants

    $5,500

  • 3 · Investment income

    total $13,697 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $50,838

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

    securities $48,304

  • 7c · Gain or loss

    securities $2,534

  • 7d · Net gain or loss

    total $2,534 · related or exempt $2,534 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $142,774

  • 8b · Fundraising events: direct expenses

    $105,781

  • 8c · Net income from fundraising events

    total $36,993 · unrelated business $0 · excluded $36,993

  • 11d · All other revenue

    total $1,250 · related or exempt $1,250 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,220 · program services $34,220

  • 11c · Fees: accounting

    total $1,775 · program services $500 · management and general $775 · fundraising $500

  • 11f · Fees: investment management

    total $4,770 · program services $3,970 · management and general $400 · fundraising $400

  • 24e · All other expenses

    total $1,255 · program services $0 · management and general $1,255 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,178 · end of year $60,190

  • 2 · Savings and temporary cash investments

    beginning of year $54,489 · end of year $78,683

  • 4 · Accounts receivable

    beginning of year $5,500 · end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    end of year $2,622

  • 11 · Investments: publicly traded securities

    beginning of year $316,785 · end of year $325,785

  • 15 · Other assets

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $419,557 · end of year $448,148

  • 28 · Net assets with donor restrictions

    beginning of year $23,395 · end of year $29,132

Mission and programs · 2023

Mission

Humanitarian & Educational Program locally, nationally and internationally

  • Gave Scholarships to Florida Atlantic University, Boca Raton, Fl on behalf of students who applied for scholarships who were local students totaling $ 7,500

    Expenses $7,500

  • Donated $ 26,720 to Golden Bell Foundation, that provides support for local schools in Boca Raton, Florida

    Expenses $26,720

  • Allocation of accountting fees and investment management fees to program costs

    Expenses $4,470

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

Listed in Part VII

  • Gail Ambrose-Lustig

    President

    Total calculated
    $0
    Hours/week
    2

  • Michael Kridel

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Tim Sharp

    Treasuer

    Total calculated
    $0
    Hours/week
    2

  • Ira Herschbein

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Alman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard MacFarland

    Director

    Total calculated
    $0
    Hours/week
    2

  • Phil Lustig

    Director

    Total calculated
    $0
    Hours/week
    2

  • Craig McDonald

    Chair-Elect

    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

Provenance

Return type
form_990
Tax year
2023
Filed
27 October 2024
IRS schema version
2023v5.1
Source object
202413089349300456

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