Rochester Rotary Charitable Trusts Inc in Rochester, New York (NY)

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Rochester Rotary Charitable Trusts Inc
Employer Identification Number (EIN)160778060
Name of OrganizationRochester Rotary Charitable Trusts Inc
Address180 Linden Oaks Ste 200, Rochester, NY 14625-2837
ActivitiesAid to the handicapped (see also 031)
SubsectionCharitable Organization
Ruling Date09/1942
DeductibilityContributions are deductible
FoundationOrganization 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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,226,016
Amount of Income$1,940,571
Form 990 Revenue Amount$1,829,524
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Men's Service Clubs


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Amount of income in 2014: $1,940,571 (it was $1,179,821 in 2013)
Rochester Rotary Charitable Trusts Inc: 

 $1,940,571
Other organizations performing similar types of work: 

 $94,265

Assets in 2014: $8,226,016 (it was $7,788,561 in 2013)
This organization: 

 $8,226,016
Other organizations performing similar types of work: 

 $192,935

Expenses in 2014: $1,358,824
Rochester Rotary Charitable Trusts Inc: 

 $1,358,824
Other organizations performing similar types of work: 

 $58,702

Income to expenses ratio in 2014: 1.4
Rochester Rotary Charitable Trusts Inc: 

 1.4
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2014: 35.7%
Rochester Rotary Charitable Trusts Inc: 

 35.7%
Other organizations performing similar types of work: 

 26.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 10960118
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return126114125
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$75,960$83,579$89,575
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$5,668$5,647$6,486
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
201220132014
Total revenue$1,670,438$1,179,821$1,829,524
Contributions, Gifts, Grants and Other Similar Amounts$715,982$396,740$652,270
Program Service Revenue$390,548$374,718$368,390
900099$390,548$374,718$368,390
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$82,779$102,962$416,026
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$180,584$127,447$237,165
Gross amount from sales of assets other than inventory (Securities / Other)$180,374 / $210$127,447 / $0$238,792 / $5,625
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $7,252
Gain or (loss) (Securities / Other)$180,374 / $210$127,447 / $0$238,792 / $-1,627
Net income/loss from fundraising events$225,170$100,337$61,840
Gross income from fundraising events$338,965$227,625$165,635
Less: direct expenses$113,795$127,288$103,795
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$75,375$77,617$93,833
900099$71,757$70,301$65,191
900099$3,618$7,316$28,642
All other revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$1,252,361$1,275,391$1,358,824
Grants and other assistance to domestic organizations and domestic governments$119,548$122,448$97,422
Grants and other assistance to domestic individuals$0$5,784$8,141
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$85,000$90,000$96,061
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$346,275$312,446$374,841
Pension plan accruals and contributions$0$0$5,663
Other employee benefits$0$0$64,586
Payroll taxes$88,667$85,377$23,510
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$9,250$73,095$35,225
Lobbying$0$0$0
Professional fundraising services$0$0$0
Investment management fees$8,437$22,595$22,358
Other$29,372$8,722$12,953
Advertising and promotion$9,350$6,356$38,918
Office expenses$29,467$45,752$37,935
Information technology$0$0$0
Royalties$0$0$0
Occupancy$98,882$89,016$103,328
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$50$44$234
Interest$563$269$1,040
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$134,476$135,498$124,613
Insurance$45,575$48,135$50,294
Other expenses$105,522$95,416$98,175
Other expenses$72,501$55,305$71,675
Other expenses$28,840$31,951$38,780
Other expenses$15,579$17,551$18,315
Other expenses$25,007$29,631$34,757
Balance Sheet
201220132014
Total assets$7,122,584$7,788,561$8,226,016
Cash - non-interest-bearing$254,381$40,727$57,822
Savings and temporary cash investments$0$44,218$59,669
Pledges and grants receivable, net$184,546$118,700$53,225
Accounts receivable, net$41,335$4,677$20,294
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$6,730$14,904$20,838
Land, buildings, and equipment: cost or other basis$1,843,139$1,778,361$1,670,285
Investments - publicly traded securities$573,212$2,412,679$2,666,156
Investments - other securities$4,186,290$3,046,902$3,317,515
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$32,951$327,393$360,212
Total liabilities$71,422$105,496$87,795
Accounts payable and accrued expenses$27,030$36,083$34,319
Grants payable$0$0$0
Deferred revenue$44,392$42,413$38,476
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$27,000$15,000
Total net assets or fund balances$7,051,162$7,683,065$8,138,221
Unrestricted net assets$6,087,521$6,300,048$6,558,465
Temporarily restricted net assets$191,721$551,851$748,590
Permanently restricted net assets$771,920$831,166$831,166
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$5,313,989
Subtotal$5,313,989
Gifts, grants, contributions, and membership fees received$2,409,853
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$2,904,136
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$7,080,196
Public support$5,313,989
Subtotal$809,222
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$809,222
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$956,985
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Order Sons Of Italy In America New York Grand Lodge Foundation, New York Grand Lodge Foundation2101 Bellmore Ave, Bellmore, NY 11710-5605NY1941-06$2,379,233
2Rochester Rotary Charitable Trusts Inc180 Linden Oaks Ste 200, Rochester, NY 14625-2837NY1942-09$1,940,571
3Sons Of Italy In America, 2143 Columbus243 N Iowa Ave, N Massapequa, NY 11758-1325NY1941-06$116,030
4Kiwanis International Inc, K04929 LewistonPO BOX 18, Lewiston, NY 14092-0018NY1963-09$96,527
5Knights Of Columbus, 4536 Saugerties Council19 Barclay St, Saugerties, NY 12477-1902NY1940-10$87,886
6Rotary International, Rotary Club Of PlattsburghPO BOX 86, Plattsburgh, NY 12901-0086NY1958-05$80,426
7Knights Of Columbus, 189 William E Burke-Utica Council201 Main Street, New York Mills, NY 13417-1122NY1940-10$68,569
8Syracuse-Rotary Foundation Inc800 Nottingham Rd, Syracuse, NY 13224-2238NY1959-11$45,880
9Knights Of Columbus, 757 Aquinas Council2850 Roberts Ave, Bronx, NY 10461-4814NY1940-10$35,367
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13Free & Accepted Masons Of New York, 702 Westchester69 Main St, Tuckahoe, NY 10707-2914NY1940-12$0
14Kiwanis International Inc16 W Main Street, Fredonia, NY 14063NY1966-03$0
15Knights Of ColumbusPo Box 26, Syosset, NY 11791NY1940-10$0
16Knights Of ColumbusPo Box 2052, Niagara Falls, NY 14301NY1940-10$0
17Knights Of Columbus111 Kings Highway, Hauppauge, NY 11788NY1940-10$0
18Knights Of ColumbusPO BOX 507, Dannemora, NY 12929-0507NY1940-10$0
19Knights Of Columbus, Knights Of Columbus 4521 Mary Queen Of Peace Council1011 Pierce Ave, Bronx, NY 10462-3165NY1940-10$0
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Number of organizations performing similar types of work
Alabama1
Arkansas3
Arizona7
California45
Colorado3
Connecticut3
District of Columbia1
Florida23
Georgia10
Hawaii1
Iowa3
Idaho1
Illinois15
Indiana3
Kansas3
Kentucky3
Louisiana1
Massachusetts18
Maryland3
Maine1
Michigan20
Minnesota2
Missouri7
Mississippi3
North Carolina5
Nebraska5
New Hampshire1
New Jersey6
New Mexico3
Nevada2
New York24
Ohio14
Oklahoma2
Oregon6
Pennsylvania7
Rhode Island3
South Carolina1
South Dakota1
Tennessee3
Texas18
Utah1
Virginia12
Washington8
Wisconsin7
West Virginia1
Total310

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