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Nonprofiteer
← CAMBRIDGE ROTARY FOUNDATION INC

Form 990 for tax year 2023

Filed by CAMBRIDGE ROTARY FOUNDATION INC.

Totals

Total revenue
$34,741
Total expenses
$18,403
Contributions and grants received
$1,600
Grants paid
$16,750
Program service revenue
$0
Investment income
$33,141
Other revenue
$0
Total assets, end of year
$588,594
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$588,594
Program services expenses (Part IX)
$16,750
Management and general expenses
$1,653
Fundraising expenses
$0
Program service expenses (Part III)
$16,750

Program services were 91.0% 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

    $1,600

  • 3 · Investment income

    total $12,342 · related or exempt $12,342

  • 7a · Gross sales of assets other than inventory

    securities $21,621 · other assets $14,076

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

    securities $14,898

  • 7c · Gain or loss

    securities $6,723 · other assets $14,076

  • 7d · Net gain or loss

    total $20,799 · related or exempt $20,799

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,000 · program services $13,000

  • 2 · Grants to domestic individuals

    total $3,750 · program services $3,750

  • 11b · Fees: legal

    total $400 · management and general $400

  • 11f · Fees: investment management

    total $927 · management and general $927

  • 11g · Fees: other

    total $76 · management and general $76

  • 23 · Insurance

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,294 · end of year $9,303

  • 11 · Investments: publicly traded securities

    beginning of year $508,031 · end of year $579,291

  • 27 · Net assets without donor restrictions

    beginning of year $518,325 · end of year $588,594

Mission and programs · 2023

Mission

SUPPORT FOR EDUCATIONAL-CHARITABLE PURPOSES

  • THE FOUNDATION ACCEPTS GIFTS, BEQUESTS AND OTHER CONTRIBUTIONS FOR EDUCATIONAL, CHARITABLE, OR BENEVOLENT USES AND DISTRIBUTES FUNDS DIRECTLY OR BY CONTRIBUTION TO OTHER EXEMPT AGENCIES AND ORGANIZATIONS.

    Expenses $13,000 · Grants $13,000

  • THE FOUNDATION ACCEPTS GIFTS, BEQUESTS AND OTHER CONTRIBUTIONS FOR EDUCATIONAL, CHARITABLE, OR BENEVOLENT USES AND DISTRIBUTES FUNDS DIRECTLY OR BY CONTRIBUTION TO OTHER EXEMPT AGENCIES AND ORGANIZATIONS.

    Expenses $3,750 · Grants $3,750

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

Listed in Part VII

  • Pete Mikula

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Larry T Parnell

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Andrew J Warhola

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
6 June 2024
IRS schema version
2023v5.0
Source object
202411639349301211

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