Rotary Foundation Of Philadelphia in Philadelphia, Pennsylvania (PA)

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Rotary Foundation Of Philadelphia
Employer Identification Number (EIN)236408781
Name of OrganizationRotary Foundation Of Philadelphia
Address123 S Broad St Fl 24, Philadelphia, PA 19109-1023
ActivitiesOther school related activities, Gifts, grants, or loans to other organizations, Other religious activities
SubsectionCharitable Organization
Ruling Date06/2014
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$607,088
Amount of Income$34,851
Form 990 Revenue Amount$23,065
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community Service Clubs


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Amount of income in 2013: $34,851 (it was $2,202 in 2012)
Rotary Foundation Of Philadelphia: 

 $34,851
Other organizations performing similar types of work: 

 $52,795

Assets in 2013: $607,088 (it was $571,328 in 2012)
Rotary Foundation Of Philadelphia: 

 $607,088
Other organizations performing similar types of work: 

 $39,024

Expenses in 2013: $58,145
Rotary Foundation Of Philadelphia: 

 $58,145
Other organizations performing similar types of work: 

 $38,239

Income to expenses ratio in 2013: 0.6
Rotary Foundation Of Philadelphia: 

 0.6
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 2.6%
This organization: 

 2.6%
Other organizations performing similar types of work: 

 6.0%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$23,065$34,251$34,251
Contributions, gifts, grants, etc., received$600
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$34,251
Total expenses and disbursements$58,145$0$0$35,752
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$22,393$0$0
Contributions, gifts, grants paid$35,752
Excess of revenue over expenses and disbursements$-35,080
Net investment income$34,251
Adjusted net income$34,251
Balance Sheets
2007200820092010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$814,955$814,955$714,789$714,789$473,594$473,594$508,923$508,923$567,357$567,357$571,328$571,328$607,088$607,088
Cash - non-interest-bearing$1,420$27,320$0$0$0$0$0
Investments-U.S. and state government obligations$0$0$0$0$0$0$0
Investments-corporate stock$0$0$0$0$0$0$0
Investments-corporate bonds$0$0$0$0$0$0$0
Investments-mortgage loans$0$0$0$0$0$0$0
Investments-other$804,461$675,214$472,152$508,923$567,357$571,328$607,088
Other assets$0$0$0$0$0$0$0
Total liabilities$0$12,116$0$0$0$0$0
Total liabilities and net assets/fund balances$814,955$702,673$473,594$508,923$567,357$571,328$607,088
Capital Gains and Losses for Tax on Investment Income
2007200820092010201120122013
Capital gain net income$0$0$0$15,441$0$0$0
Net capital loss$-8,820$-13,551$-86,398$0$-5,562$-16,979$-11,786
Excise Tax Based on Investment Income
2007200820092010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNoNoNoNo
Tax based on investment income$769$675$866$274$611$384$343
Total credits and payments$0$0$0$0$0$0$0
Any penalty for underpayment of estimated tax$47$30$21$0$7$0$0
Tax due$816$705$887$274$618$384$343
Overpayment$0$0$0$0$0$0$0
Amount to be credited to next year's estimated tax$0$0$0$0$0$0$0
Statements Regarding Activities
2007200820092010201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNoNoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNoNoNoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNoNoNoNoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNoNoNoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYesYesYesYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNoNoNoNo
Did any persons become substantial contributors during the tax year?NoNoNoNoNoNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNoNoNoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYesYesYesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNoNoNoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2007200820092010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNoNoNoNo
Agree to pay money or property to a government official?NoNoNoNoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNoNoNoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNoNoNoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNoNoYesNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNoNoNoYesNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNoNoNoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNoNoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNoNoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNoNoNoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNoNoNoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNoNoNoNoNo
Minimum Investment Return
2007200820092010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$799,574$764,152$592,750$490,538$538,140$569,343$611,115
Net value of noncharitable-use assets$787,580$752,690$583,859$483,180$530,068$560,803$601,948
Minimum investment return$39,379$37,635$29,193$24,159$26,503$28,040$30,097
Distributable Amount
2007200820092010201120122013
Distributable amount$38,610$36,960$28,327$23,885$25,892$27,656$29,754
Undistributed Income
2007200820092010201120122013
Distributable amount for this year$38,610$36,960$28,327$23,885$25,892$27,656$29,754
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$3,894$19,278$27,656$23,369
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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7Punxsutawney Groundhog Club200 W Mahoning St Ste 1, Punxsutawney, PA 15767-1946PA2008-10$142,653
8Community Health Partnership Of Mercer CountyPo Box 1201, Hermitage, PA 16148PA2007-07$133,112
9Neoac Advisory Council8101 Bustleton Ave, Philadelphia, PA 19152-2812PA2013-01$110,436
10Meeting Place 242 Inc370 Southpointe Boulevard Lower Level, Canonsburg, PA 15317PA2013-02$100,000
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13Womans Club Of Bala-Cynwyd382 Bala Avenue, Bala Cynwyd, PA 19004PA2008-03$64,148
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15Rouzerville Lions Club Foundation IncPO BOX 337, Rouzerville, PA 17250-0337PA2014-01$35,075
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Number of organizations performing similar types of work
Alaska12
Alabama129
Arkansas33
Arizona48
California345
Colorado59
Connecticut44
District of Columbia11
Delaware16
Florida170
Georgia76
Hawaii22
Iowa61
Idaho18
Illinois103
Indiana79
Kansas31
Kentucky49
Louisiana46
Massachusetts85
Maryland52
Maine25
Michigan131
Minnesota68
Missouri69
Mississippi25
Montana21
North Carolina90
North Dakota11
Nebraska23
New Hampshire27
New Jersey82
New Mexico26
Nevada26
New York177
Ohio102
Oklahoma30
Oregon58
Pennsylvania113
Rhode Island6
South Carolina37
South Dakota16
Tennessee59
Texas217
Utah16
Virginia88
Vermont10
Washington100
Wisconsin70
West Virginia25
Wyoming14
International4
Total3,255

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