Form 990 for tax year 2023
Filed by PORTLAND ROTARY CHARITABLE TRUST.
Totals
- Total revenue
- $375,664
- Total expenses
- $332,002
- Contributions and grants received
- $181,850
- Grants paid
- $226,133
- Program service revenue
- $0
- Investment income
- $169,440
- Other revenue
- $24,374
- Total assets, end of year
- $4,559,803
- Total liabilities, end of year
- $78,733
- Net assets or fund balances, end of year
- $4,481,070
- Program services expenses (Part IX)
- $226,133
- Management and general expenses
- $105,869
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $226,133
Program services were 68.1% 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.
-
1f · All other contributions, gifts and grants
$181,850
-
3 · Investment income
total $169,440 · excluded $169,440
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER REVENUE
total $24,374 · related or exempt $24,374
-
11e · Other revenue, total
$24,374
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $191,262 · program services $191,262
-
2 · Grants to domestic individuals
total $34,871 · program services $34,871
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $11,000 · management and general $11,000
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: TRUST ADMINISTRATION
total $66,598 · management and general $66,598
-
24b · Other expenses: INVESTMENT FEES
total $12,000 · management and general $12,000
-
24c · Other expenses: YOUTH EXCHANGE EXPENSES
total $10,902 · management and general $10,902
-
24d · Other expenses: UNCOLLECTIBLE PLEDGES
total $2,700 · management and general $2,700
-
24e · All other expenses
total $2,669 · management and general $2,669
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $78,892 · end of year $105,752
-
2 · Savings and temporary cash investments
beginning of year $168,701 · end of year $170,016
-
3 · Pledges and grants receivable
beginning of year $16,476 · end of year $22,082
-
4 · Accounts receivable
end of year $1,819
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,023,291 · end of year $4,216,810
-
12 · Investments: other securities
beginning of year $41,026 · end of year $43,324
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $90,901 · end of year $78,733
-
25 · Other liabilities
beginning of year $38,533
-
27 · Net assets without donor restrictions
beginning of year $4,198,952 · end of year $4,481,070
Mission and programs · 2023
Mission
THE PORTLAND ROTARY CHARITABLE TRUST IS THE ENTITY BY WHICH THE ROTARY CLUB OF PORTLAND CARRIES OUT ITS PHILANTHROPIC ACTIVITIES IN BOTH THE LOCAL AND WORLD COMMUNITIES SERVICING PRIMARILY THE NEEDS OF YOUTH.
-
COMMUNITY GRANTS PROGRAM PROVIDES FUNDS FOR DISBURSEMENT TO COMMUNITY ORGANIZATIONS THAT HAVE REQUESTED DONATIONS AND MEET THE ROTARY CLUB OF PORTLAND, OREGON ESTABLISHED CRITERIA.
Expenses $55,614 · Grants $55,614
-
WORLD COMMUNITY SERVICE PROJECTS PROGRAM PROVIDES FUNDS THAT ARE USED IN HUMANITARIAN PROJECTS IN PARTNERSHIP WITH OTHER CLUBS ABROAD.
Expenses $41,400 · Grants $41,400
-
PEACE BUILDERS
Expenses $30,905 · Grants $30,905
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mike LesterMIKE LESTER
President
- Total calculated
- $0
- Hours/week
- 1
-
Brian DazeyBRIAN DAZEY
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Curtis ShireyCURTIS SHIREY
CLUB LIAISON
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Katherine KennedyKATHERINE KENNEDY
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brian ThomasBRIAN THOMAS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Barb FisherBARB FISHER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rich FergusonRICH FERGUSON
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mike ArthurMIKE ARTHUR
Trustee
- 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
-
$18,627
GENERAL SUPPORT
-
$15,500
WCS PROJECTS
-
$13,000
INDOOR PLAY AREA
-
$10,332
LUMBER TO BUILD BEDS
-
ATKINSON ELEMENTARY SCHOOL
$8,000
GENERAL SUPPORT
-
$7,647
BIKE RACKS
-
$7,000
GENERAL SUPPORT
-
$5,819
GENERAL SUPPORT
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.
-
501(C)(4) · COMMUNITY SERVICE · OR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511329349302996
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