Form 990 for tax year 2022
Filed by ROTARY CLUB OF WILMINGTON EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $55,565
- Total expenses
- $114,044
- Contributions and grants received
- $16,886
- Grants paid
- $106,000
- Program service revenue
- $0
- Investment income
- $38,679
- Other revenue
- $0
- Total assets, end of year
- $1,828,142
- Total liabilities, end of year
- $170,625
- Net assets or fund balances, end of year
- $1,657,517
- Program services expenses (Part IX)
- $114,044
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $114,044
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
$16,886
-
3 · Investment income
total $38,679 · excluded $38,679
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $106,000 · program services $106,000
-
11a · Fees: management
total $6,000 · program services $6,000
-
11g · Fees: other
total $2,000 · program services $2,000
-
24a · Other expenses: BANK AND CREDIT CARD FE
total $44 · program services $44
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,670 · end of year $19,511
-
12 · Investments: other securities
beginning of year $1,629,253 · end of year $1,808,631
-
17 · Accounts payable and accrued expenses
beginning of year $625 · end of year $625
-
18 · Grants payable
beginning of year $111,000 · end of year $170,000
-
28 · Net assets with donor restrictions
beginning of year $1,550,298 · end of year $1,657,517
Mission and programs · 2022
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 $114,044 · Grants $106,000
As filed on the 2022 return.
Listed in Part VII
-
Amy L BielickiAMY L BIELICKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lisa DetwilerLISA DETWILER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Wilfred SherkWILFRED SHERK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Brandon BriceBRANDON BRICE
TRUSTEE
- 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.
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ROTARY CLUB OF WILMINGTON DELAWARE
501(C)(4) · MEMBERSHIP ORGANIZATION SERVING THE COMMUNITY · DE
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ROTARY CLUB OF WILMINGTON SERVICES FOUNDATION
501(C)(3) · PROVIDE FUNDING FOR SERVICE PROJECTS IDENTIFIED BY THE ROTARY CLUB · DE · controlled entity
Directly controlled by ROTARY CLUB OF WILMINGTON DELAWARE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441329349301259
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