Wenatchee Rotary Foundation Inc in Wenatchee, Washington (WA)
Table of contents:
| Wenatchee Rotary Foundation Inc | |
| Employer Identification Number (EIN) | 916048544 |
| Name of Organization | Wenatchee Rotary Foundation Inc |
| Address | PO BOX 1723, Wenatchee, WA 98807-1723 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $483,316 |
| Amount of Income | $95,488 |
| Form 990 Revenue Amount | $66,478 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2014: $95,488 (it was $77,955 in 2013)
| This organization: | $95,488 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $483,316 (it was $423,708 in 2013)
| Wenatchee Rotary Foundation Inc: | $483,316 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2014: $47,488
| This organization: | $47,488 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2014: 2.0
| Wenatchee Rotary Foundation Inc: | 2.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 39.7%
| Wenatchee Rotary Foundation Inc: | 39.7% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $135,551 | $29,460 | $57,890 | $66,478 |
| Contributions, gifts, grants, and similar amounts received | $71,125 | $5,396 | $40,023 | $26,405 |
| Program service revenue including government fees and contracts | $19,663 | $23,826 | $6,346 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $56,765 | $7,091 | $5,932 | $12,457 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-12,002 | $-6,853 | $5,589 | $27,616 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $26,206 | $59,574 | $25,654 | $56,626 |
| Less: direct expenses from gaming and fundraising events | $38,208 | $66,427 | $20,065 | $29,010 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $70,482 | $45,678 | $26,441 | $47,488 |
| Total net assets | $375,468 | $359,250 | $423,708 | $483,316 |
| Excess/Deficit for the year | $65,069 | $-16,218 | $31,449 | $18,990 |
| Net assets or fund balances at beginning of year | $310,399 | $375,468 | $359,250 | $423,708 |
| Other changes in net assets or fund balances | $0 | $0 | $33,009 | $40,618 |
| Net assets or fund balances at end of year | $423,708 | $483,316 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $375,468 | $359,250 | $423,708 | $483,316 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $375,468 | $359,250 | $423,708 | $483,316 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $570,567 |
| Subtotal Support | $570,567 |
| Gifts, grants, contributions, and membership fees received | $570,567 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $686,976 |
| Public Support | $570,567 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $116,409 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Link Scholarship Fund | Po Box 1699, Olympia, WA 98507 | WA | 1992-06 | $1,122,691 |
| 3 | Seattle Debate Foundation | 2442 N W Market St 472, Seattle, WA 98107-4137 | WA | 1998-10 | $341,667 |
| 4 | Mount Vernon High School Scholarship Foundation | 1315 So 12th Street, Mount Vernon, WA 98273 | WA | 1998-01 | $273,300 |
| 5 | Washington State Elks Association Charitable Trust | PO BOX 110760, Tacoma, WA 98411-0760 | WA | 1994-05 | $225,256 |
| 6 | Sedso Scholarship Fund | 15600 Ne 8th Street B1 Suite 167, Bellevue, WA 98008 | WA | 1987-03 | $152,872 |
| 7 | Twenty-First Century Fund An Endowment For Cabrini Students, 21st Century Fund | 5621 108th St Sw, Lakewood, WA 98498 | WA | 1996-10 | $121,991 |
| 8 | Wenatchee Rotary Foundation Inc | PO BOX 1723, Wenatchee, WA 98807-1723 | WA | 1996-07 | $95,488 |
| 9 | Redmond Rotary Club Foundation | PO BOX 563, Redmond, WA 98073-0563 | WA | 1993-04 | $81,022 |
| 10 | Rural American Scholarship Fund | PO BOX 2674, Oak Harbor, WA 98277-6674 | WA | 1991-03 | $53,000 |
| 11 | Tumwater Education Foundation | PO BOX 15122, Tumwater, WA 98511-5122 | WA | 1998-03 | $52,577 |
| 12 | Toledo Scholarship And Academic Achievement Recognition | PO BOX 524, Toledo, WA 98591-0524 | WA | 1995-09 | $30,680 |
| 13 | Spokane Chapter 143 Nawic Scholarship Foundation | 501 W Riverside No 750, Spokane, WA 99201 | WA | 1998-12 | $22,535 |
| 14 | Tony Potoski Scholarship Foundation | PO BOX 382, Pe Ell, WA 98572-0382 | WA | 1997-05 | $14,952 |
| 15 | Urgel Bell Memorial Scholarship Fund | 2902 Lacrosse Airport Rd, Lacrosse, WA 99143-9664 | WA | 1995-07 | $1,914 |
| 16 | Gfwc Tonasket Civic League | Po Box 661, Tonasket, WA 98855 | WA | 1997-12 | $251 |
| 17 | Tom Wick Agricultural Scholarship Fund | 14010 171st Ln Ne, Woodinville, WA 98072-9395 | WA | 1995-06 | $164 |
| 18 | Yakima Valley Dairy Scholarship Foundation | 1380 Cherry Hill Rd, Granger, WA 98932-9744 | WA | 1997-08 | $127 |
| 19 | Richard E Fisch Memorial Scholarship Fund | 221 Lopez Ave, Port Angeles, WA 98362-6527 | WA | 1995-06 | $60 |
| 20 | American International School Of Lagos Foundation Inc | PO BOX 1357, Tacoma, WA 98401-1357 | WA | 1978-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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