Akron Rotary Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 34-1698713)

Revenue by fiscal year
FY2020	$98K
FY2021	$202K
FY2022	$608K
FY2023	$58K
FY2024	$51K

Expenses by fiscal year
FY2020	$67K
FY2021	$54K
FY2022	$54K
FY2023	$68K
FY2024	$321K

Net assets by fiscal year
FY2020	$2.1M
FY2021	$2.3M
FY2022	$2.2M
FY2023	$2.5M
FY2024	$2.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1994.

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

Where the money goes

55 cents of each dollar spent went to programs.

55%

45%

Program services 55% · $37K Management & general 45% · $30K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation

Mark Krohn

Treasurer

$0Pt VII · Sec A

James Redmond

President

$0Pt VII · Sec A

Jeff Sitz

Trustee

$0Pt VII · Sec A

Steve Buie

Trustee

$0Pt VII · Sec A

Julie Brandle

Trustee

$0Pt VII · Sec A

Rima Muakkassa

Trustee

$0Pt VII · Sec A

Katy Miller

Vice President

$0Pt VII · Sec A

Marcia Holcomb

Trustee

$0Pt VII · Sec A

See Akron Rotary Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Supports charitable projects and activities funded by Akron Rotary Club members.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $37K · in their own filed words · FY2020

01

The akron rotary foundation was formed to further charitable activities funded or sponsored by members of the rotary club of akron. Grants were made primarily to the akron rotary camp for children with special needs inc. And other area charitable organizations.

$25Kprogram expense

02

The foundation provides educational and vocational scholarships in conjunction with the akron public school system. The scholarships are awarded on a non-discriminatory basis to students selected by educators in the school system.

$11Kprogram expense

03

The foundation provides funding for local rotary international youth exchange program to promote goodwill and understanding between different countries and cultures.

$1Kprogram 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 · FY2024

H E Graves JR Family Foundation INCFY2024$2K

Total grants receivedfrom 1 funder$2K

Grants paid · 8 grants · $333K · 2020–2024

Rotary Camp for Children with Special Needs INCOH · FY2024$258,877

Unitemized GrantFY2024$13,000

Unitemized GrantFY2023$12,000

Rotary InternationalOH · FY2023$7,300

Unitemized GrantFY2022$11,330

100 Black Men of Akron INCOH · FY2022$6,246

Unitemized GrantFY2021$13,000

Unitemized GrantFY2020$11,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$98K

Ln 12

Gifts and grantsLn 1h$102K

Investment incomeLn 3$34K

Money outPt IX

$67K

Ln 25

Programscol B$37K

Managementcol C$30K

Owns and owesPt X

$2.1M

net assets · Ln 32

Cash and savingsLn 1–2$153K

Total assetsLn 16$2.1M

LiabilitiesLn 26$7K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$102K

Noncash giftsLn 1g$85K

Investment incomeLn 3$34K

Gains on assetsLn 7−$39K

Total revenueLn 12$98K

Assets in detailPt X, end of year

SavingsLn 2$153K

Cash and savings togetherLn 1–2$153K

InvestmentsLn 11–13$1.3M

Other assetsLn 15$566K

Total assetsLn 16$2.1M

LiabilitiesLn 26$7K

Net assetsLn 32$2.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$33K	$153K
InvestmentsLn 11–13	$1.2M	$1.3M
Total assetsLn 16	$1.8M	$2.1M
LiabilitiesLn 26	$10K	$7K
Net assetsLn 32	$1.8M	$2.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$26K	$26K
Grants to domestic individualsLn 2	$11K	$11K
Management feesLn 11a	$1K	$120	$1K
Accounting feesLn 11c	$10K		$10K
Investment management feesLn 11f	$16K		$16K
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$67K	$37K	$30K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$51K	$321K	−$270K	$2.5M	990 PDF
FY2023	$58K	$68K	−$10K	$2.5M	990 PDF
FY2022	$608K	$54K	$554K	$2.2M	990 PDF
FY2021	$202K	$54K	$148K	$2.3M	990 PDF
FY2020 Viewing	$98K	$67K	$31K	$2.1M	990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (6 parts)

Part I · Summary $97,693 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $12,862$101,933

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $37,232−$4,240

I-11 Other revenuePrior year $89$0

I-12 Total revenuePrior year $50,183$97,693

I-13 Grants and similar amounts paidPrior year $40,559$36,815

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $37,024$29,954

I-18 Total expensesPrior year $77,583$66,769

I-19 Revenue less expensesPrior year −$27,400$30,924

Part VI · Governance 9 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $97,693 across 6 lines filed

VIII-1f All other contributions, gifts and grants$101,933

VIII-1g Noncash contributions (included above)$85,000

VIII-1h Total contributions, gifts and grants$101,933

VIII-3 Investment incomeExcluded from tax $34,433$34,433

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$38,673−$38,673

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$4,240$97,693

Part IX · Statement of functional expenses $66,769 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $25,815$25,815

IX-2 Grants to domestic individualsPrograms $11,000$11,000

IX-11a Management feesPrograms $120 · Management $1,080$1,200

IX-11c Accounting feesManagement $10,250$10,250

IX-11f Investment management feesManagement $15,994$15,994

IX-24 Other expenses (24a–d)Management $2,510$2,510

IX-25 Total functional expensesPrograms $36,935 · Management $29,834 · Fundraising $0$66,769

Part X · Balance sheet $2,062,102 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $32,932$153,148

X-11 Publicly traded securitiesStart of year $1,219,277$1,342,973

X-15 Other assetsStart of year $503,532$565,981

X-16 Total assetsStart of year $1,774,168$2,062,102

X-17 Accounts payable and accrued expensesStart of year $5,559$683

X-18 Grants payableStart of year $4,000$6,000

X-26 Total liabilitiesStart of year $9,559$6,683

X-27 Net assets without donor restrictionsStart of year $1,761,084$2,051,894

X-28 Net assets with donor restrictionsStart of year $3,525$3,525

X-32 Total net assets or fund balancesStart of year $1,764,609$2,055,419

X-33 Total liabilities and net assetsStart of year $1,774,168$2,062,102

Part XI · Reconciliation of net assets $2,055,419 net assets at year end

XI-1 Total revenue$97,693

XI-2 Total expenses$66,769

XI-3 Revenue less expenses$30,924

XI-4 Net assets at start of year$1,764,609

XI-5 Net unrealized gains (losses) on investments$259,886

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,055,419

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Akron Rotary Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV