Valdosta Rotary Foundation Inc in Valdosta, Georgia (GA)
Table of contents:
| Valdosta Rotary Foundation Inc | |
| Employer Identification Number (EIN) | 270787259 |
| Name of Organization | Valdosta Rotary Foundation Inc |
| In Care of Name | Nicholas J Valenti Jr |
| Address | 208 W Park Ave, Valdosta, GA 31602-2507 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2001 |
| 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 | $115,753 |
| Amount of Income | $62,380 |
| Form 990 Revenue Amount | $38,149 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $62,380 (it was $37,851 in 2013)
| This organization: | $62,380 |
| Other organizations performing similar types of work: | $60,000 |
Assets in 2014: $115,753 (it was $102,571 in 2013)
| Valdosta Rotary Foundation Inc: | $115,753 |
| Other organizations performing similar types of work: | $38,951 |
Expenses in 2013: $26,287
| This organization: | $26,287 |
| Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2013: 2.4
| This organization: | 2.4 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 47.1%
| This organization: | 47.1% |
| Other organizations performing similar types of work: | 37.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $17,146 | $35,319 | $37,851 |
| Contributions, gifts, grants, and similar amounts received | $7,398 | $21,428 | $17,830 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $652 | $584 | $200 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,096 | $13,307 | $19,821 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $29,375 | $34,650 | $38,700 |
| Less: direct expenses from gaming and fundraising events | $20,279 | $21,343 | $18,879 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $4,880 | $15,735 | $26,287 |
| Total net assets | $71,421 | $91,007 | $102,571 |
| Excess/Deficit for the year | $12,266 | $19,584 | $11,564 |
| Net assets or fund balances at beginning of year | $59,155 | $71,423 | $91,007 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $91,007 | $102,571 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $71,421 | $91,007 | $102,571 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $71,421 | $91,007 | $102,571 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $238,010 |
| Subtotal | $238,010 |
| Gifts, grants, contributions, and membership fees received | $107,742 |
| 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 | $130,268 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $239,852 |
| Public support | $238,010 |
| Subtotal | $1,842 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,842 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lake City Partnership Council | 133b E Main St, Lake City, SC 29560-2626 | SC | 2011-09 | $13,089,389 |
| 2 | Pershing Square Foundation | 10 Melville Park Rd, Melville, NY 11747-3146 | NY | 2009-02 | $10,002,234 |
| 3 | Mundito Foundation Incorporated | 335 W Ponce De Leon Ave Unit 606, Decatur, GA 30030-2457 | GA | 2007-08 | $78,193 |
| 4 | Valdosta Rotary Foundation Inc | 208 W Park Ave, Valdosta, GA 31602-2507 | GA | 2001-08 | $62,380 |
| 5 | Kiwanis Club Of Statesboro Foundation Inc | PO BOX 472, Statesboro, GA 30459-0472 | GA | 2012-04 | $32,672 |
| 6 | 6910 Charities Inc | 958 Mcever Road Suite D-9, Gainesville, GA 30504 | GA | 1999-12 | $26,732 |
| 7 | Cherokee Garden Club Community Fund Inc | 1609 Nancy Creek Ridge, Atlanta, GA 30327 | GA | 2008-12 | $19,891 |
| 8 | First Fruits Ministry Of Northwest Georgia Inc | 1002 Blalock Road, Adairsville, GA 30103 | GA | 2014-06 | $4,477 |
| 9 | 6910 Charities Inc | PO BOX 550, Cornelia, GA 30531-0550 | GA | 1999-12 | $0 |
| 10 | American Friends Of Chabad Berlin Inc | 5188 Roswell Rd Suite 103, Sandy Springs, GA 30342-2208 | GA | 2014-08 | $0 |
| 11 | Bremen Jr Womans Club | P O Box 283, Bremen, GA 30110 | GA | 2011-10 | $0 |
| 12 | Chipley Womans Club Inc | Po Box 38, Pine Mountain, GA 31822 | GA | 2000-10 | $0 |
| 13 | Hands United Inc | 3230 Sweetwater Dr, Cumming, GA 30041-6638 | GA | 2014-11 | $0 |
| 14 | Helping Hands Of Lakeside | 355 Winn Park Court, Roswell, GA 30075 | GA | 2006-06 | $0 |
| 15 | Homeless Help Card Inc, Homeless Help Card | 4315 Lexington Rd Apt 6i, Athens, GA 30605-2577 | GA | 2014-12 | $0 |
| 16 | Kiwanis Club Of Warrenton Georgia | 488 Main St, Warrenton, GA 30828 | GA | 2014-06 | $0 |
| 17 | Milledgeville Cares Inc | Po Box 754, Hardwick, GA 31034 | GA | 2010-06 | $0 |
| 18 | National Charity League Inc- Gardenia Chapter | Po Box 800211, Roswell, GA 30075 | GA | 2009-01 | $0 |
| 19 | Net Leap Inc | 510 N Highland Ave Ne Apt 2, Atlanta, GA 30307-1475 | GA | 2007-06 | $0 |
| 20 | Vestra Kids Llc | 2450 Atlanta Hwy Ste 1903, Cumming, GA 30040-1237 | GA | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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