Skip to content
Nonprofiteer
← ROTARY CLUB OF SCHAUMBURG-HOFFMAN ESTATES CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by ROTARY CLUB OF SCHAUMBURG-HOFFMAN ESTATES CHARITABLE FOUNDATION INC.

Totals

Total revenue
$296,815
Total expenses
$271,769
Contributions and grants received
$25,657
Grants paid
$261,348
Program service revenue
$0
Investment income
$25,449
Other revenue
$245,709
Total assets, end of year
$999,537
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$999,537
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $25,657

  • 3 · Investment income

    total $25,449

  • 8a · Fundraising events: gross income

    $334,580

  • 8b · Fundraising events: direct expenses

    $88,871

  • 8c · Net income from fundraising events

    total $245,709

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $260,473

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $875

  • 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 $750

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $8,017

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $606

  • 13 · Office expenses

    total $13

  • 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: STATE FEES

    total $15

  • 24b · Other expenses: CREDIT CARD EXPENSE

    total $200

  • 24c · Other expenses: MISCELLANEOUS

    total $820

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,097 · end of year $52,661

  • 2 · Savings and temporary cash investments

    beginning of year $30,419 · end of year $15,425

  • 7 · Other notes and loans receivable

    beginning of year $1,830 · end of year $1,830

  • 9 · Prepaid expenses and deferred charges

    end of year $6,300

  • 11 · Investments: publicly traded securities

    beginning of year $791,655 · end of year $908,821

  • 15 · Other assets

    beginning of year $14,500 · end of year $14,500

  • 18 · Grants payable

    beginning of year $3,627

  • 27 · Net assets without donor restrictions

    beginning of year $610,570 · end of year $714,733

  • 28 · Net assets with donor restrictions

    beginning of year $259,304 · end of year $284,804

Mission and programs · 2023

Mission

DONATIONS TO CHARITABLE ORGANIZATIONS IN THE COMMUNITY

Activities or mission (Part I)

DONATIONS TO CHARITABLE ORGANIZATIONS AND TO VOCATIONAL AND FOUR YEAR COLLEGE STUDENTS

  • COMMUNITY SERVICE

As filed on the 2023 return.

Listed in Part VII

  • ED HAAG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GLENN SZURGOT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BRIAN BERG

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • WESLEY CROCKET

    TRESURER

    Total calculated
    $0
    Hours/week
    1

  • RACHAEL HUBSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES FABBRINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ERICKSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN BERG

    DIRECTOR

    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.1
Source object
202422399349300602

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.