La Verne Rotary Foundation in La Verne, California (CA)
| La Verne Rotary Foundation |
| Employer Identification Number (EIN) | 954127691 |
| Name of Organization | La Verne Rotary Foundation |
| Address | PO BOX 151, La Verne, CA 91750-0151 |
| Activities | Boy Scouts, Girl Scouts, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 10/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| 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 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $123,083 |
| Amount of Income | $31,586 |
| Form 990 Revenue Amount | $31,136 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Men's Service Clubs |
Amount of income in 2014: $31,586 (it was $27,574 in 2013)
| This organization: | $31,586 |
| Other organizations performing similar types of work: | $53,854 |
Assets in 2014: $123,083 (it was $114,220 in 2013)
| This organization: | $123,083 |
| Other organizations performing similar types of work: | $147,767 |
Expenses in 2014: $18,305
| La Verne Rotary Foundation: | $18,305 |
| Other organizations performing similar types of work: | $32,808 |
Income to expenses ratio in 2014: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2014: 47.9%
| La Verne Rotary Foundation: | 47.9% |
| Other organizations performing similar types of work: | 47.9% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2012 | 2013 | 2014 |
|---|
| Total revenue | $5,412 | $27,574 | $31,136 |
| Contributions, gifts, grants, and similar amounts received | $9,908 | $16,020 | $14,902 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $-4,816 | $11,554 | $16,008 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $320 | $0 | $226 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $320 | $0 | $676 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $450 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $19,733 | $16,964 | $18,305 |
| Total net assets | $94,612 | $105,222 | $118,053 |
| Excess/Deficit for the year | $-14,321 | $10,610 | $12,831 |
| Net assets or fund balances at beginning of year | $108,933 | $94,612 | $105,222 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $94,612 | $105,222 | $118,053 |
| Balance Sheets |
| 2012 | 2013 | 2014 |
|---|
| Total assets | $102,754 | $114,220 | $123,083 |
| Total liabilities | $8,142 | $8,998 | $5,030 |
| Net assets or fund balances | $94,612 | $105,222 | $118,053 |
| 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 | $61,631 |
| Subtotal Support | $70,536 |
| Gifts, grants, contributions, and membership fees received | $70,536 |
| 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 | $8,905 |
| Total Support | $114,104 |
| Public Support | $70,536 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $43,568 |
| 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 | Ohio Lions Foundation | PO BOX 21016, Columbus, OH 43221-0016 | OH | 1986-06 | $301,836 |
| 2 | Hoxton Foundation Inc | 4402 Boxwood Rd, Bethesda, MD 20816-1818 | MD | 1980-04 | $122,883 |
| 3 | Rotary Club Of North Fresno Endowment Fund | 1903 W Fairmont 101, Fresno, CA 93705-0242 | CA | 1986-11 | $121,695 |
| 4 | Merrick Kiwans Foundation Inc | 24 Range Dr, Merrick, NY 11566-3233 | NY | 1990-12 | $64,622 |
| 5 | Earl Collins Kiwanis Foundation Of Mo-Ar Dist Kiwanis International | 2316 E Harrison St, Springfield, MO 65802-2869 | MO | 1964-06 | $53,854 |
| 6 | Webster Kiwanis Charitable Foundation Inc | PO BOX 632, Webster, NY 14580-0632 | NY | 1969-03 | $43,250 |
| 7 | 1492 Fraternal Corp Inc | 33 Halstead Ave, Harrison, NY 10528-4150 | NY | | $39,529 |
| 8 | La Verne Rotary Foundation | PO BOX 151, La Verne, CA 91750-0151 | CA | 1992-10 | $31,586 |
| 9 | Bayside Kiwanis Foundation Inc | 21137 18th Ave, Bayside, NY 11360-1529 | NY | 1992-12 | $3,104 |
| Number of organizations performing similar types of work |
| California | 2 |
| Maryland | 1 |
| Missouri | 1 |
| |
| Total | 9 |
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