St Cloud Rotary Foundation INC FY2021 filing

Tax-deductible

Saint Cloud, MN501(c)(3)EIN 36-3396376Revenue $318K in FY2021

On file with the IRSPo Box 713, 56302-0713 · Saint Cloud, MNTax-exempt since Mar 1986Publicly supported — 509(a)(2)

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To support and advance local community projects through supporting the efforts of local charities conducting those community service projects and to provide funding for park development and maintenance.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $20K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $68K
Looks good: 4 funders name it on their filings; 3 or more.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
-47% vs prior year
Spent
$444K
To programs
100%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$318K
FY2021▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$597K
FY2021$318K
FY2022$278K
FY2023$185K
FY2024$127K
FY2025$208K
Expenses
$444K
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$417K
FY2021$444K
FY2022$118K
FY2023$148K
FY2024$195K
FY2025$268K
Net assets
$1.9M
FY2021▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$1.6M
FY2023$1.8M
FY2024$1.9M
FY2025$2.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 Mar 1986.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $441K Management & general 0% · $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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Cloud 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

Funds local charities for community projects and park development/maintenance.

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Provided by the organization

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3 programs · $51K · in their own filed words · FY2020
01

Grant to city of ST cloud for the renovation of rotary park west to maintain the park and to purchase updated park equipment.

$20Kprogram expense
02

Grant to greater ST cloud public safety foundation to fund ppe for first responders and a grant for community policing @ the cop house.

$16Kprogram expense
03

Grant to anna marie's (battered women's shelter) for capital campaign to expand their facility

$15Kprogram 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
CommunitygivingFY2024$26K
Total grants receivedfrom 4 funders$68K
See all 4 funders →
Grants paid · 24 grants · $878K · 2019–2024
City of St CloudFY2024$13,000
Friends of Career SolutionsMN · FY2024$6,880
St Louis Park School District 283FY2023$13,000
St Louis Park School District 283FY2022$22,000
Preschool 4 SuccessFY2021$9,700
Dominican Water ProjectFY2021$8,793
City of St CloudFY2020$20,000
See all 24 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Gifts and grantsLn 1h$214K
Investment incomeLn 3$66K
Other incomeLn 4–11$37K
Money outPt IX
$444K
Ln 25
Programscol B$441K
Managementcol C$2K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Noncash giftsLn 1g$15K
Fees for servicesLn 2g$550
Investment incomeLn 3$66K
Other incomeLn 4–11$37K
Gains on assetsLn 7$13K
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$1.9M
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6188
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 FY21End FY21
Cash and savingsLn 1–2$13K$4K
InvestmentsLn 11–13$1.3M$1.9M
Total assetsLn 16$1.7M$1.9M
LiabilitiesLn 26$179$0
Net assetsLn 32$1.7M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$333K$333K
Other salaries and wagesLn 7$335$335
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$19K$19K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$2K$2K
OccupancyLn 16$31K$31K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$444K$441K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $208K$268K−$60K$2.0M 990 PDF
FY2024 $127K$195K−$68K$1.9M 990 PDF
FY2023 $185K$148K$36K$1.8M 990 PDF
FY2022 $278K$118K$160K$1.6M 990 PDF
FY2021 Viewing $318K$444K−$125K$1.9M 990 PDF
FY2020 $597K$417K$180K$1.7M 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 FY2021 990 (6 parts)
Part I · Summary $318,223 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,037$214,469
I-9 Program service revenuePrior year $251$550
I-10 Investment incomePrior year $31,556$66,044
I-11 Other revenuePrior year $64,818$37,160
I-12 Total revenuePrior year $596,662$318,223
I-13 Grants and similar amounts paidPrior year $70,200$332,886
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,465$335
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $345,121$110,397
I-18 Total expensesPrior year $416,786$443,618
I-19 Revenue less expensesPrior year $179,876−$125,395
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $318,223 across 8 lines filed
VIII-1f All other contributions, gifts and grants$214,469
VIII-1g Noncash contributions (included above)$14,715
VIII-1h Total contributions, gifts and grants$214,469
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $550$550
VIII-3 Investment incomeExcluded from tax $53,174$53,174
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,870$12,870
VIII-8 Net income from fundraising eventsExcluded from tax $37,160$37,160
VIII-12 Total revenueRelated to mission $550 · Unrelated business $0 · Excluded from tax $103,204$318,223
Part IX · Statement of functional expenses $443,618 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $332,886$332,886
IX-7 Other salaries and wagesPrograms $335$335
IX-11f Investment management feesPrograms $12,092$12,092
IX-11g Other fees for servicesPrograms $19,257$19,257
IX-12 Advertising and promotionPrograms $17,188$17,188
IX-13 Office expensesManagement $2,202$2,202
IX-16 OccupancyPrograms $30,675$30,675
IX-22 Depreciation, depletion and amortizationPrograms $20,575$20,575
IX-23 InsurancePrograms $1,217$1,217
IX-24 Other expenses (24a–d)Programs $7,191$7,191
IX-25 Total functional expensesPrograms $441,416 · Management $2,202 · Fundraising $0$443,618
Part X · Balance sheet $1,890,043 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $13,447$4,166
X-13 Program-related investmentsStart of year $1,296,314$1,885,877
X-15 Other assetsStart of year $1,500$0
X-16 Total assetsStart of year $1,732,676$1,890,043
X-26 Total liabilitiesStart of year $179$0
X-27 Net assets without donor restrictionsStart of year $1,068,236$1,887,043
X-28 Net assets with donor restrictionsStart of year $664,261$3,000
X-32 Total net assets or fund balancesStart of year $1,732,497$1,890,043
X-33 Total liabilities and net assetsStart of year $1,732,676$1,890,043
Part XI · Reconciliation of net assets $1,890,043 net assets at year end
XI-1 Total revenue$318,223
XI-2 Total expenses$443,618
XI-3 Revenue less expenses−$125,395
XI-4 Net assets at start of year$1,732,497
XI-5 Net unrealized gains (losses) on investments$297,656
XI-6 Donated services and use of facilities−$14,715
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,890,043

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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