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Nonprofiteer
← ROTARY CLUB OF SALISBURY FOUNDATION INC

Form 990 for tax year 2023

Filed by ROTARY CLUB OF SALISBURY FOUNDATION INC.

Totals

Total revenue
$102,037
Total expenses
$110,819
Contributions and grants received
$81,282
Grants paid
$61,650
Program service revenue
$0
Investment income
$64
Other revenue
$20,691
Total assets, end of year
$394,963
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$394,963
Program services expenses (Part IX)
$107,676
Management and general expenses
$3,143
Fundraising expenses
$0
Program service expenses (Part III)
$107,676

Program services were 97.2% 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.

  • 1d · Related organizations

    $19,403

  • 1f · All other contributions, gifts and grants

    $61,879

  • 3 · Investment income

    total $64 · related or exempt $64

  • 8a · Fundraising events: gross income

    $28,205

  • 8b · Fundraising events: direct expenses

    $9,358

  • 8c · Net income from fundraising events

    total $18,847 · excluded $18,847

  • 10a · Gross sales of inventory

    $22,125

  • 10b · Cost of goods sold

    $20,281

  • 10c · Net income from sales of inventory

    total $1,844 · excluded $1,844

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,650 · program services $61,650

  • 16 · Occupancy

    total $27,799 · program services $27,718 · management and general $81

  • 22 · Depreciation, depletion and amortization

    total $15,246 · program services $15,246

  • 23 · Insurance

    total $6,124 · program services $3,062 · management and general $3,062

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,918 · end of year $18,507

  • 2 · Savings and temporary cash investments

    beginning of year $1,419 · end of year $2,022

  • 10a · Land, buildings and equipment: cost or other basis

    $858,775

  • 10b · Land, buildings and equipment: accumulated depreciation

    $545,567

  • 10c · Land, buildings and equipment, net

    beginning of year $328,454 · end of year $313,208

  • 15 · Other assets

    beginning of year $61,226 · end of year $61,226

  • 18 · Grants payable

    beginning of year $5,000

  • 19 · Deferred revenue

    beginning of year $3,772

  • 25 · Other liabilities

    beginning of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $402,326 · end of year $392,941

  • 28 · Net assets with donor restrictions

    beginning of year $1,419 · end of year $2,022

Mission and programs · 2023

Mission

TO PROVIDE A COMMUNITY SERVICE CENTER FOR CHARITABLE PURPOSES AND TO SUPPORT CHARITABLE SERVICE PROJECTS.

  • MAINTENANCE OF A COMMUNITY CENTER TO BE USED SOLEY FOR NON-PROFIT AND CHARITABLE PURPOSES TO BENEFIT THE SURROUNDING COMMUNITIES.

    Expenses $46,026 · Revenue $31,332

  • SUPPORT OF CHARITABLE SERVICE PROJECTS AND OTHER COMMUNITY CHARITIES.

    Expenses $61,650 · Grants $61,650 · Revenue $70,705

As filed on the 2023 return.

Listed in Part VII

  • Kurt Schuster

    PRESIDENT

    Total calculated
    $0

  • Mark Granger

    TREASURER

    Total calculated
    $0

  • Terry Greenwood

    DIRECTOR

    Total calculated
    $0

  • Dan Williams

    DIRECTOR

    Total calculated
    $0

  • Elizabeth Summers

    DIRECTOR

    Total calculated
    $0

  • Gus Lebois

    DIRECTOR

    Total calculated
    $0

  • Bill Satterfield

    DIRECTOR

    Total calculated
    $0

  • Ernie Colbourne

    DIRECTOR

    Total calculated
    $0

  • Audrey Orr

    DIRECTOR

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531339349302388

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