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Paramus Rotary Foundation INC FY2022 filing

Tax-deductible

Paramus, NJ501(c)(3)Education EIN 22-3079242Revenue $134K in FY2022

On file with the IRSparamusrotary.orgPo Box 1003, 07653-1003 · Paramus, NJTax-exempt since Jan 1996Publicly supported charity — 170(b)(1)(A)(vi)

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Granting of scholarships

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
116 mo
of spending, in cash
Looks good: 115.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$134K
+72% vs prior year
Spent
$58K
To programs
97%
Net assets
$527K
By yearFY2021–FY2025
Revenue
$134K
FY2022▲ +72%
Tap a bar for its year
Revenue by fiscal year
FY2021$78K
FY2022$134K
FY2023$32K
FY2024$46K
FY2025$47K
Expenses
$58K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$56K
FY2022$58K
FY2023$42K
FY2024$38K
FY2025$39K
Net assets
$527K
FY2022▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2021$450K
FY2022$527K
FY2023$517K
FY2024$525K
FY2025$533K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $56K Management & general 3% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Raymond R Hough
Asst. Treasu
$0Pt VII · Sec A
See Paramus Rotary Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Paramus Rotary Foundation INC is an education nonprofit based in Paramus, NJ.

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Provided by the organization

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3 programs · $45K · in their own filed words · FY2021
01

Scholarships awarded to local area high school & college students

$30Kprogram expense
02

Providing life saving open heart surgery to children from third world nations

$15Kprogram expense
03

Providing diagnostic heart scans to students entering freshman year at local high schools.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$40
Total grants receivedfrom 1 funder$40
Grants paid · 12 grants · $219K · 2020–2024
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$5,919
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$3,500
Unitemized GrantFY2023$1,636
Unitemized GrantFY2022$30,000
Unitemized GrantFY2022$6,650
Unitemized GrantFY2021$30,000
Unitemized GrantFY2021$15,000
Unitemized GrantFY2021$11,000
Unitemized GrantFY2020$30,000
Unitemized GrantFY2020$24,865

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$134K
Ln 12
Investment incomeLn 3$111K
Gifts and grantsLn 1h$23K
Money outPt IX
$58K
Ln 25
Programscol B$56K
Managementcol C$2K
Owns and owesPt X
$527K
net assets · Ln 32
Cash and savingsLn 1–2$559K
Total assetsLn 16$559K
LiabilitiesLn 26$32K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Investment incomeLn 3$111K
Gains on assetsLn 7$95K
Total revenueLn 12$134K
Assets in detailPt X, end of year
SavingsLn 2$559K
Cash and savings togetherLn 1–2$559K
Total assetsLn 16$559K
LiabilitiesLn 26$32K
Net assetsLn 32$527K
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$490K$559K
Total assetsLn 16$490K$559K
LiabilitiesLn 26$40K$32K
Net assetsLn 32$450K$527K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$56K$56K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$58K$56K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $47K$39K$8K$533K 990 PDF
FY2024 $46K$38K$8K$525K 990 PDF
FY2023 $32K$42K−$10K$517K 990 PDF
FY2022 Viewing $134K$58K$76K$527K 990 PDF
FY2021 $78K$56K$22K$450K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $134,233 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,131$22,763
I-9 Program service revenue$0
I-10 Investment incomePrior year $21,894$111,470
I-11 Other revenue$0
I-12 Total revenuePrior year $78,025$134,233
I-13 Grants and similar amounts paidPrior year $54,865$56,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,171$1,997
I-18 Total expensesPrior year $56,036$57,997
I-19 Revenue less expensesPrior year $21,989$76,236
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $134,233 across 5 lines filed
VIII-1f All other contributions, gifts and grants$22,763
VIII-1h Total contributions, gifts and grants$22,763
VIII-3 Investment incomeExcluded from tax $16,347$16,347
VIII-7 Net gain or loss on sales of assetsRelated to mission $95,123$95,123
VIII-12 Total revenueRelated to mission $95,123 · Excluded from tax $16,347$134,233
Part IX · Statement of functional expenses $57,997 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $56,000$56,000
IX-24 Other expenses (24a–d)Management $1,997$1,997
IX-25 Total functional expensesPrograms $56,000 · Management $1,997 · Fundraising $0$57,997
Part X · Balance sheet $559,193 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $489,957$559,193
X-16 Total assetsStart of year $489,957$559,193
X-18 Grants payableStart of year $39,500$32,500
X-26 Total liabilitiesStart of year $39,500$32,500
X-32 Total net assets or fund balancesStart of year $450,457$526,693
X-33 Total liabilities and net assetsStart of year $489,957$559,193
Part XI · Reconciliation of net assets $526,693 net assets at year end
XI-1 Total revenue$134,233
XI-2 Total expenses$57,997
XI-3 Revenue less expenses$76,236
XI-4 Net assets at start of year$450,457
XI-10 Net assets at end of year$526,693

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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