Kent Rotary Foundation

Tax-deductible

Kent, OH501(c)(3)Community DevelopmentEIN 34-1438470Revenue $87K in FY2024

On file with the IRSrotarykentohio.orgPo Box 6, 44240-0001 · Kent, OHTax-exempt since Nov 1984Publicly supported — 509(a)(2)

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To promote and serve the charitable and educational needs of the Kent community and portage county. To promote and support the Rotary club of Kent and its charitable projects.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
36 mo
of spending, in cash
Looks good: 36.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$87K
+32% vs prior year
Spent
$43K
To programs
92%
Net assets
$576K
By yearFY2021–FY2024
Revenue
$87K
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2021$104K
FY2022$89K
FY2023$69K
FY2024$66K
FY2024$87K
Expenses
$43K
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$53K
FY2024$43K
Net assets
$576K
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$450K
FY2022$426K
FY2023$479K
FY2024$508K
FY2024$576K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1984.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $39K Management & general 8% · $3K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kent Rotary Foundation 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

Serves community and educational needs, supporting local Rotary Club projects.

Questions for Kent Rotary Foundation

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Provided by the organization

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1 program · $39K · in their own filed words · FY2024
01

To promote and serve the charitable and educational needs of the kent community and portage county, and to promote and support the rotary club of kent and its various charitable projects.

$39Kprogram expense

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
Total grants receivedfrom 1 funder$17
Grants paid · 2 grants · $26K · 2023–2024
Rotary Club of KentOH · FY2023$15,750

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$87K
Ln 12
Gifts and grantsLn 1h$43K
Other incomeLn 4–11$22K
Investment incomeLn 3$21K
Money outPt IX
$43K
Ln 25
Programscol B$39K
Managementcol C$3K
Owns and owesPt X
$576K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$576K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Investment incomeLn 3$21K
Other incomeLn 4–11$22K
Gains on assetsLn 7$9K
Total revenueLn 12$87K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$93K
Cash and savings togetherLn 1–2$128K
InvestmentsLn 11–13$448K
Total assetsLn 16$576K
LiabilitiesLn 26$0
Net assetsLn 32$576K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$100K$128K
InvestmentsLn 11–13$408K$448K
Total assetsLn 16$508K$576K
LiabilitiesLn 26$0$0
Net assetsLn 32$508K$576K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Grants to domestic individualsLn 2$1K$1K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$364$304$60
Total functional expensesLn 25$43K$39K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $66K$53K$13K$508K 990 PDF
FY2023 $69K$479K 990 PDF
FY2022 $89K$426K 990 PDF
FY2021 $104K$450K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $87,043 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,070$43,281
I-9 Program service revenue$0
I-10 Investment incomePrior year $17,319$21,495
I-11 Other revenuePrior year $22,781$22,267
I-12 Total revenuePrior year $66,170$87,043
I-13 Grants and similar amounts paidPrior year $49,710$39,130
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,355$3,533
I-18 Total expensesPrior year $53,065$42,663
I-19 Revenue less expensesPrior year $13,105$44,380
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 $87,043 across 6 lines filed
VIII-1f All other contributions, gifts and grants$43,281
VIII-1h Total contributions, gifts and grants$43,281
VIII-3 Investment incomeExcluded from tax $12,784$12,784
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,711$8,711
VIII-8 Net income from fundraising events$22,267
VIII-12 Total revenueExcluded from tax $21,495$87,043
Part IX · Statement of functional expenses $42,663 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $38,130$38,130
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-11f Investment management feesManagement $3,169$3,169
IX-13 Office expensesPrograms $304 · Management $60$364
IX-25 Total functional expensesPrograms $39,434 · Management $3,229 · Fundraising $0$42,663
Part X · Balance sheet $575,847 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $44,244$35,013
X-2 Savings and temporary cash investmentsStart of year $55,838$93,133
X-11 Publicly traded securitiesStart of year $407,594$447,701
X-16 Total assetsStart of year $507,676$575,847
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $507,676$575,847
X-33 Total liabilities and net assetsStart of year $507,676$575,847
Part XI · Reconciliation of net assets $575,847 net assets at year end
XI-1 Total revenue$87,043
XI-2 Total expenses$42,663
XI-3 Revenue less expenses$44,380
XI-4 Net assets at start of year$507,676
XI-5 Net unrealized gains (losses) on investments$23,791
XI-10 Net assets at end of year$575,847

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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