Rotary Club Of Buffalo Foundation in Buffalo, Minnesota (MN)
Table of contents:
| Rotary Club Of Buffalo Foundation | |
| Employer Identification Number (EIN) | 262503668 |
| Name of Organization | Rotary Club Of Buffalo Foundation |
| In Care of Name | Christopher Stone |
| Address | 104 Division Street, Buffalo, MN 55313 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2008 |
| 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 | 2007 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $75,447 |
| Amount of Income | $226,834 |
| Form 990 Revenue Amount | $204,038 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Service Clubs |
Non-representatives - add comments:
Amount of income in 2007: $226,834 (it was $61,520 in 2013)
| Rotary Club Of Buffalo Foundation: | $226,834 |
| Other organizations performing similar types of work: | $52,795 |
Assets in 2007: $75,447 (it was $26,339 in 2013)
| Rotary Club Of Buffalo Foundation: | $75,447 |
| Other organizations performing similar types of work: | $39,024 |
Expenses in 2013: $38,204
| Rotary Club Of Buffalo Foundation: | $38,204 |
| Other organizations performing similar types of work: | $38,239 |
Income to expenses ratio in 2013: 5.9
| This organization: | 5.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 21.5%
| Rotary Club Of Buffalo Foundation: | 21.5% |
| Other organizations performing similar types of work: | 6.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $37,963 | $40,516 |
| Contributions, gifts, grants, and similar amounts received | $9,834 | $8,705 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $302 | $377 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $27,827 | $31,434 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $53,868 | $52,438 |
| Less: direct expenses from gaming and fundraising events | $26,041 | $21,004 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $37,431 | $38,204 |
| Total net assets | $20,784 | $24,573 |
| Excess/Deficit for the year | $532 | $2,312 |
| Net assets or fund balances at beginning of year | $20,252 | $20,784 |
| Other changes in net assets or fund balances | $0 | $1,477 |
| Net assets or fund balances at end of year | $24,573 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $21,731 | $26,339 |
| Total liabilities | $947 | $1,766 |
| Net assets or fund balances | $20,784 | $24,573 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $77,745 |
| Subtotal Support | $77,745 |
| Gifts, grants, contributions, and membership fees received | $77,745 |
| 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 | $201,171 |
| Public Support | $77,745 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $738 |
| 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 | $122,688 |
| 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 | Technology Access Foundation | 605 Sw 108th St, Seattle, WA 98146-2229 | WA | 1997-01 | $2,658,381 |
| 2 | Casa Guadalupe Multicultural Community | 22 5th Ave N, Cold Spring, MN 56320-1441 | MN | 2011-05 | $228,078 |
| 3 | Rotary Club Of Buffalo Foundation | 104 Division Street, Buffalo, MN 55313 | MN | 2008-07 | $226,834 |
| 4 | Survivor Resources | 367 Grove St, Saint Paul, MN 55101-2416 | MN | 1998-03 | $194,512 |
| 5 | Hanley Falls Firemans Relief Association | PO BOX 83, Hanley Falls, MN 56245-0083 | MN | 2014-02 | $124,209 |
| 6 | Chokio Sportsmens Club Inc | Po Box 173, Chokio, MN 56221 | MN | 2013-03 | $118,596 |
| 7 | Morris Relief Assoc Morris Benefit Club | 321 Eleanor Ave, Morris, MN 56267-1607 | MN | 2014-05 | $107,197 |
| 8 | International Association Of Lions Clubs, 30143 Hugo Lions Club | PO BOX 321, Hugo, MN 55038-0321 | MN | 1940-12 | $93,815 |
| 9 | Minnesota State Elks Association Charitable Tr | 508 10th St Sw, Willmar, MN 56201-3145 | MN | 2013-08 | $87,363 |
| 10 | Truth Midwest Employees Club | 700 West Bridge Street, Owatonna, MN 55060 | MN | 2005-02 | $39,083 |
| 11 | Knights Of Columbus | 500 S 3rd St Apt 111, Waite Park, MN 56387 | MN | 2014-09 | $38,459 |
| 12 | Rotary International, Lakeville | PO BOX 433, Lakeville, MN 55044-0433 | MN | 2014-07 | $29,444 |
| 13 | Austin Police Officers Association Inc | 201 First Street Ne, Austin, MN 55912 | MN | 2000-01 | $26,241 |
| 14 | Brandon Fin And Feather Club | PO BOX 12, Brandon, MN 56315 | MN | 2014-04 | $11,118 |
| 15 | Hedemarken Cemetery Inc | 26492 130th Ave, Fergus Falls, MN 56537-7110 | MN | 2014-08 | $5,670 |
| 16 | Farmington Rotary Foundation | PO BOX 175, Farmington, MN 55024-0175 | MN | 2014-07 | $1,721 |
| 17 | 3061 Lewiston | 280 Cedar Lane, Lewiston, MN 55952-1473 | MN | 2014-08 | $0 |
| 18 | Bloomington Daymakers Rotary Foundation | 7500 Flying Cloud Drive Suite 800, Eden Prairie, MN 55344 | MN | 2005-08 | $0 |
| 19 | Blue Knights Motorcycle Club | 701 3rd St Sw, Waseca, MN 56007 | MN | 2014-03 | $0 |
| 20 | Butterfly4life Support Network | 883 Fuller Ave, Saint Paul, MN 55104-4742 | MN | 2014-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,255 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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