Racine Rotary Foundation Inc in Racine, Wisconsin (WI)
Table of contents:
| Racine Rotary Foundation Inc | |
| Employer Identification Number (EIN) | 396163890 |
| Name of Organization | Racine Rotary Foundation Inc |
| Address | 3633 N Bay Dr, Racine, WI 53402-3625 |
| Activities | Scholarships (other), Other youth organization or activities, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1976 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $96,070 |
| Amount of Income | $84,894 |
| Form 990 Revenue Amount | $35,077 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $6,063 | $35,143 | $41,902 | $35,077 |
| Contributions, gifts, grants, and similar amounts received | $25,564 | $78,437 | $47,520 | $29,827 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $16 | $15 | $8 | $10 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-19,517 | $-45,416 | $-8,503 | $968 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $42,685 | $58,960 | $47,273 | $50,785 |
| Less: direct expenses from gaming and fundraising events | $62,202 | $104,376 | $55,776 | $49,817 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $2,107 | $2,877 | $4,272 |
| Total expenses | $11,082 | $14,521 | $14,017 | $17,463 |
| Total net assets | $29,949 | $50,571 | $78,456 | $96,070 |
| Excess/Deficit for the year | $-5,019 | $20,622 | $27,885 | $17,614 |
| Net assets or fund balances at beginning of year | $34,968 | $29,949 | $50,571 | $78,456 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $50,571 | $78,456 | $96,070 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $29,949 | $50,571 | $78,456 | $96,070 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $29,949 | $50,571 | $78,456 | $96,070 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $451,727 |
| Subtotal | $451,727 |
| Gifts, grants, contributions, and membership fees received | $218,024 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $233,703 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $461,342 |
| Public support | $451,727 |
| Subtotal | $64 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $64 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $9,551 |
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| Other organizations in Wisconsin | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Racine Kiwanis Youth Symphony | 725 Lake Avenue, Racine, WI 53403 | WI | 1993-09 | $0 |
| 2 | Racine Literacy Council Inc | 734 Lake Ave, Racine, WI 53403-1208 | WI | 1976-06 | $262,142 |
| 3 | Racine Montessori Society Inc | 2317 Howe St, Mt Pleasant, WI 53403-3328 | WI | 1965-09 | $938,678 |
| 4 | Racine Moose Lodge No 437 | 5530 Middle Rd, Racine, WI 53402-1726 | WI | 1935-08 | $390,378 |
| 5 | Racine Municipal Employees Credit Union | 1907 Lathrop Ave, Racine, WI 53405-3706 | WI | 1971-04 | $564,428 |
| 6 | Racine Mutual Housing Association Inc | 822 Park Ave 1, Racine, WI 53403-1465 | WI | 1988-03 | $120,016 |
| 7 | Racine Neighborhood Watch Inc | 800 Center St Rm 316, Racine, WI 53403-1481 | WI | 1985-04 | $236,398 |
| 8 | Racine Police Association Inc | 730 Center St, Racine, WI 53403-1134 | WI | 1989-06 | $242,482 |
| 9 | Racine Police Credit Union | 730 Center St, Racine, WI 53403-1134 | WI | 1971-04 | $69,144 |
| 10 | Racine Public Library Foundation Inc | 75 7th Street, Racine, WI 53403 | WI | 2005-08 | $99,044 |
| 11 | Racine Rotary Foundation Inc | 3633 N Bay Dr, Racine, WI 53402-3625 | WI | 1976-07 | $84,894 |
| 12 | Racine Soccer Club Milwaukee Metro Inc, Racine Soccer Club | 4605 Ridgeway Ave, Racine, WI 53405 | WI | 1992-05 | $0 |
| 13 | Racine Society For Christian Instruction | 912 Virginia St, Racine, WI 53405-2258 | WI | 1950-11 | $807,457 |
| 14 | Racine Spartans Soccer Club | 446 Cramford Dr, Racine, WI 53402-2218 | WI | 2007-03 | $8,893 |
| 15 | Racine Theatre Guild Inc | 2519 Northwestern Ave, Racine, WI 53404-2242 | WI | 1940-09 | $853,909 |
| 16 | Racine United Arts Fund Inc | PO BOX 173, Racine, WI 53401-0173 | WI | 1993-05 | $96,295 |
| 17 | Racine Vocational Ministry Inc | 214 7th St, Racine, WI 53403-1219 | WI | 2003-09 | $504,095 |
| 18 | Racine Yacht Club | 1 Barker St, Racine, WI 53402-4954 | WI | 1975-07 | $598,402 |
| 19 | South Eastern Aquatics Inc | 5330 Linden Cir, Racine, WI 53406-1220 | WI | 1987-07 | $204,347 |
| 20 | Racine Youth Sports Inc | PO BOX 44601, Racine, WI 53404-7012 | WI | 1980-10 | $295,315 |
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