Lima Rotary Foundation FY2023 filing

Tax-deductible

Lima, OH501(c)(3)Since 1967EIN 34-6573296Revenue $351K in FY2023

On file with the IRS4511 Elida Rd, 45807-1151 · Lima, OHTax-exempt since Jun 1967Publicly supported charity — 170(b)(1)(A)(vi)

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To make cash grants for educational, charitable, and benevolent purposes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$750 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 deficit $58K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$750
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $38K
Fine: 2 funders name 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
10
of 12 voting members
Looks good: 10 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$351K
+20% vs prior year
Spent
$324K
To programs
98%
Net assets
$755K
By yearFY2021–FY2025
Revenue
$351K
FY2023▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$334K
FY2022$293K
FY2023$351K
FY2024$339K
FY2025$290K
Expenses
$324K
FY2023▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2021$83K
FY2022$979K
FY2023$324K
FY2024$339K
FY2025$171K
Net assets
$755K
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$703K
FY2023$755K
FY2024$774K
FY2025$919K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Jun 1967.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $319K Management & general 2% · $5K

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

13 people listed on the 990; $750 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$375Pt VII · Sec A
Treasurer
$375Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Sue Fifer$1,000———
Scott Cockerell—$375$562$750
Jared T Walsh—$375$563$750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Provides cash grants for educational, charitable, and benevolent causes.

Questions for Lima Rotary Foundation

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Provided by the organization

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1 program · $319K · in their own filed words · FY2022
01

No services are provided. The lima rotary foundation makes cash grants for educationa, charitable, and benevolent purposes.

$319Kprogram 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
Total grants receivedfrom 2 funders$38K
Grants paid · 13 grants · $945K · 2020–2024
City of LimaFY2024$100,000
Unitemized GrantFY2024$35,500
Trinity United MethodistFY2024$6,400
City of LimaFY2023$273,393
Unitemized GrantFY2023$36,435
City of LimaFY2022$206,037
Unitemized GrantFY2022$52,900
Rotary InternationalFY2022$21,000
City of LimaFY2021$124,310
Unitemized GrantFY2021$36,750
Unitemized GrantFY2020$35,000
MesaFY2020$10,000
Marimor Legacy FoundationOH · FY2020$7,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$351K
Ln 12
Gifts and grantsLn 1h$248K
Other incomeLn 4–11$78K
Investment incomeLn 3$25K
Money outPt IX
$324K
Ln 25
Programscol B$319K
Managementcol C$5K
Owns and owesPt X
$755K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$755K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$248K
Investment incomeLn 3$25K
Other incomeLn 4–11$78K
Gains on assetsLn 7$9K
Total revenueLn 12$351K
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$74
Cash and savings togetherLn 1–2$95K
InvestmentsLn 11–13$659K
Total assetsLn 16$755K
LiabilitiesLn 26$0
Net assetsLn 32$755K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$93K$95K
InvestmentsLn 11–13$610K$659K
Total assetsLn 16$703K$755K
LiabilitiesLn 26$0$0
Net assetsLn 32$703K$755K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$266K$266K
Grants to domestic individualsLn 2$53K$53K
Pay of current officers, directors and key staffLn 5$750$750
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Other expenses (24a–d)Ln 24$480$480
Total functional expensesLn 25$324K$319K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $290K$171K$119K$919K 990 PDF
FY2024 $339K$339K$177$774K 990 PDF
FY2023 Viewing $351K$324K$27K$755K 990 PDF
FY2022 $293K$979K−$686K$703K 990 PDF
FY2021 $334K$83K$251K$1.5M 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 FY2023 990 (6 parts)
Part I · Summary $350,763 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $185,760$248,340
I-9 Program service revenue$0
I-10 Investment incomePrior year $39,320$24,779
I-11 Other revenuePrior year $67,618$77,644
I-12 Total revenuePrior year $292,698$350,763
I-13 Grants and similar amounts paidPrior year $971,820$318,508
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,125$750
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,242$4,305
I-18 Total expensesPrior year $979,187$323,563
I-19 Revenue less expensesPrior year −$686,489$27,200
Part VI · Governance 10 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members10
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 $350,763 across 7 lines filed
VIII-1b Membership dues$1,813
VIII-1f All other contributions, gifts and grants$246,527
VIII-1h Total contributions, gifts and grants$248,340
VIII-3 Investment incomeRelated to mission $15,447$15,447
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,332$9,332
VIII-8 Net income from fundraising events$77,644
VIII-12 Total revenueRelated to mission $24,779$350,763
Part IX · Statement of functional expenses $323,563 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $265,608$265,608
IX-2 Grants to domestic individualsPrograms $52,900$52,900
IX-5 Pay of current officers, directors and key staffManagement $750$750
IX-11c Accounting feesManagement $2,625$2,625
IX-11g Other fees for servicesManagement $1,200$1,200
IX-24 Other expenses (24a–d)Management $480$480
IX-25 Total functional expensesPrograms $318,508 · Management $5,055 · Fundraising $0$323,563
Part X · Balance sheet $754,670 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $92,776$95,197
X-2 Savings and temporary cash investmentsStart of year $74$74
X-12 Other securitiesStart of year $609,837$659,399
X-16 Total assetsStart of year $702,687$754,670
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $702,687$754,670
X-33 Total liabilities and net assetsStart of year $702,687$754,670
Part XI · Reconciliation of net assets $754,670 net assets at year end
XI-1 Total revenue$350,763
XI-2 Total expenses$323,563
XI-3 Revenue less expenses$27,200
XI-4 Net assets at start of year$702,687
XI-5 Net unrealized gains (losses) on investments$24,783
XI-10 Net assets at end of year$754,670

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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