Kent Rotary Foundation in Kent, Ohio (OH)
Table of contents:
| Kent Rotary Foundation | |
| Employer Identification Number (EIN) | 341438470 |
| Name of Organization | Kent Rotary Foundation |
| Address | 2275 State Route 59, Kent, OH 44240-7143 |
| Activities | Community service organization |
| Subsection | Charitable Organization |
| Ruling Date | 11/1984 |
| 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 | $278,827 |
| Amount of Income | $39,471 |
| Form 990 Revenue Amount | $25,754 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Service Clubs |
Non-representatives - add comments:
Amount of income in 2014: $39,471 (it was $22,438 in 2013)
| Kent Rotary Foundation: | $39,471 |
| Other organizations performing similar types of work: | $113,829 |
Assets in 2014: $278,827 (it was $273,889 in 2013)
| This organization: | $278,827 |
| Other organizations performing similar types of work: | $160,801 |
Expenses in 2014: $20,816
| This organization: | $20,816 |
| Other organizations performing similar types of work: | $81,633 |
Income to expenses ratio in 2014: 1.9
| This organization: | 1.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 11.3%
| This organization: | 11.3% |
| Other organizations performing similar types of work: | 10.7% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $30,179 | $26,906 | $9,214 | $25,754 |
| Contributions, gifts, grants, and similar amounts received | $1,094 | $0 | $1,461 | $2,900 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $2,474 | $2,348 | $1,897 | $2,500 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $26,611 | $24,558 | $5,856 | $20,354 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $34,875 | $39,793 | $19,080 | $34,071 |
| Less: direct expenses from gaming and fundraising events | $8,264 | $15,235 | $13,224 | $13,717 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $48,754 | $14,786 | $7,831 | $20,816 |
| Total net assets | $260,386 | $272,506 | $273,889 | $278,827 |
| Excess/Deficit for the year | $-18,575 | $12,120 | $1,383 | $4,938 |
| Net assets or fund balances at beginning of year | $278,961 | $260,386 | $272,506 | $273,889 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $273,889 | $278,827 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $260,386 | $272,506 | $273,889 | $278,827 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $260,386 | $272,506 | $273,889 | $278,827 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $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 | ||
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $7,120 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Catholic Charities Regional Agency | 2401 Belmont Ave, Youngstown, OH 44505-2405 | OH | 1946-03 | $2,080,809 |
| 2 | Massillon Rotary Foundation Trust | PO BOX 1476, Massillon, OH 44648-1476 | OH | 1989-05 | $1,981,116 |
| 3 | Winners League Foundation | 136 Northwoods Blvd Bl, Columbus, OH 43235-4728 | OH | 1993-11 | $330,015 |
| 4 | Columbus Rotary Foundation Inc | 1225 Dublin Road, Columbus, OH 43215-1024 | OH | 1957-06 | $236,337 |
| 5 | Cleveland Rotary Foundation | 1122 Prospect Ave E, Cleveland, OH 44115-1229 | OH | 1941-09 | $224,945 |
| 6 | Upper Arlington Rotary Charitable Foundation | 5450 Frantz Rd Ste 300, Dublin, OH 43016-4141 | OH | 1990-04 | $193,438 |
| 7 | Marietta Welfare League | 514 5th St, Marietta, OH 45750-1908 | OH | 1953-01 | $146,259 |
| 8 | The Multi-Cultural Training Institute Inc | 1400 W 25th St, Cleveland, OH 44113-3102 | OH | 1993-07 | $89,298 |
| 9 | Boston Township Hall Committee Inc | PO BOX 145, Peninsula, OH 44264-0145 | OH | 1992-05 | $75,068 |
| 10 | Junior Service Guild Of Marion County Ohio | PO BOX 105, Marion, OH 43301-0105 | OH | 1950-01 | $69,373 |
| 11 | Botkins Area Community Club Inc | PO BOX 597, Botkins, OH 45306-0597 | OH | 1996-11 | $69,156 |
| 12 | Rotary International, Maumee Rotary Club | PO BOX 1088, Maumee, OH 43537-8088 | OH | 1966-09 | $51,378 |
| 13 | Voices In Action Inc, Victims Of Incest Can Emerge Survrs | 8041 Hosbrook Rd Ste 230, Cincinnati, OH 45236-2937 | OH | 1990-04 | $46,272 |
| 14 | Sertoma International Sponsorship Fund Sertoma Club, Lancaster | PO BOX 471, Lancaster, OH 43130-0471 | OH | 1979-01 | $15,218 |
| 15 | Boardman Rotary Foundation | PO BOX 3114, Boardman, OH 44513 | OH | 1981-12 | $0 |
| 16 | Lions Club Of Toledo Welfare Fund | Po Box 351175, Toledo, OH 43635 | OH | 1955-08 | $0 |
| 17 | Naimah Memorial Foundation, Naimah Children Services | 100 North Ohio Ave, Columbus, OH 43203 | OH | 1998-03 | $0 |
| 18 | Share Holders In Growth | 2699 Endicott Road, Shaker Heights, OH 44120 | OH | 1994-11 | $0 |
| 19 | St Hope | PO BOX 8502, Canton, OH 44711-8502 | OH | 1992-06 | $0 |
| 20 | The Central Ohio Speech And Hearing Association | 8800 Davington Dr, Dublin, OH 43017 | OH | 1994-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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