Wayne Rotary Foundation FY2022 filing

Tax-deductible

Wayne, MI501(c)(3)Community DevelopmentEIN 38-6091615Revenue $104K in FY2022

On file with the IRS3072 Rivers Edge Dr, 48184-2804 · Wayne, MITax-exempt since Nov 1963Publicly supported — 509(a)(2)

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See attached statement article 11. The purpose or purposes for which the corporation is formed are as follows: to receive and administer funds for scientific, educational, and charitable purposes, all for public welfare, and for no other purposes, and to that end to take and hold, by bequest, devise, gift, purchase or lease, either absolutely or in trust for such objects and purposes or any of them, any property, real, personal or mixed, without limitation as to amount of value, except such limitations, if any, as may be imposed by law; to sell, convey, and dispose of any such property and to invest and reinvest the principal thereof, and to deal with and expend the income therefrom for any of the beforementioned purposes, without limitation, except such limitations, if any, as may be contained in the instrument under which such property is received; to receive any property, real, personal, or mixed, in trust, under the terms of any will, deed of trust, or other trust instrument for th

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

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
3 of 5
filings with a surplus
Average surplus $48K a year · 36% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 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
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
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
$104K
-60% vs prior year
Spent
$131K
To programs
100%
Net assets
$879K
By yearFY2021–FY2025
Revenue
$104K
FY2022▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2021$259K
FY2022$104K
FY2023$39K
FY2024$138K
FY2025$125K
Expenses
$131K
FY2022▲ +181%
Tap a bar for its year
Expenses by fiscal year
FY2021$47K
FY2022$131K
FY2023$63K
FY2024$124K
FY2025$61K
Net assets
$879K
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$879K
FY2023$924K
FY2024$1000K
FY2025$1.1M

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

990 PDF Claim
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 Nov 1963.

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% · $131K

Form 990 Part IX, line 25. 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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Trustee
$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
See Wayne 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

Administers funds for scientific, educational, and charitable public welfare.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Community Service, Vocational Service, International Service, and Club Service Grants and Awards.

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 · this organization's grantmaking
Grants paid · 20 grants · $188K · 2020–2024
Wayne Public LibraryFY2024$5,741
Wayne Memorial High SchoolFY2024$5,625
City of WayneFY2024$5,000
The Guidance CenterMI · FY2024$5,000
Wayne Westland Community SchoolFY2023$20,000
Wayne Public LibraryFY2023$5,600
City of WayneFY2023$5,000
The Guidance CenterMI · FY2023$5,000
Wayne Memorial High SchoolFY2022$10,000
Wayne Public LibraryFY2022$5,575
The Guidance CenterMI · FY2022$5,000
City of Wayne Police DepartmentFY2021$15,000
Waynewestland School DistrictFY2021$11,000
Wayne Public LibraryFY2021$5,000
Wayne Memorial High SchoolFY2021$5,000
Wayne Memorial High SchoolFY2020$17,000
See all 20 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$104K
Ln 12
Gifts and grantsLn 1h$57K
Investment incomeLn 3$47K
Money outPt IX
$131K
Ln 25
Programscol B$131K
Owns and owesPt X
$879K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$879K
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$57K
Investment incomeLn 3$47K
Gains on assetsLn 7$21K
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$48K
Cash and savings togetherLn 1–2$48K
InvestmentsLn 11–13$832K
Total assetsLn 16$879K
LiabilitiesLn 26$0
Net assetsLn 32$879K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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$37K$48K
InvestmentsLn 11–13$1.0M$832K
Total assetsLn 16$1.1M$879K
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$879K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$86K$86K
Accounting feesLn 11c$350$350
Other expenses (24a–d)Ln 24$44K$44K
Total functional expensesLn 25$131K$131K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $125K$61K$64K$1.1M 990 PDF
FY2024 $138K$124K$14K$1000K 990 PDF
FY2023 $39K$63K−$24K$924K 990 PDF
FY2022 Viewing $104K$131K−$27K$879K 990 PDF
FY2021 $259K$47K$212K$1.1M 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 FY2022 990 (6 parts)
Part I · Summary $103,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $223,111$56,881
I-9 Program service revenue$0
I-10 Investment incomePrior year $35,826$46,677
I-11 Other revenue$0
I-12 Total revenuePrior year $258,937$103,558
I-13 Grants and similar amounts paidPrior year $34,687$86,091
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,871$44,778
I-18 Total expensesPrior year $46,558$130,869
I-19 Revenue less expensesPrior year $212,379−$27,311
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 $103,558 across 5 lines filed
VIII-1f All other contributions, gifts and grants$56,881
VIII-1h Total contributions, gifts and grants$56,881
VIII-3 Investment incomeRelated to mission $26,017$26,017
VIII-7 Net gain or loss on sales of assetsRelated to mission $20,660$20,660
VIII-12 Total revenueRelated to mission $46,677 · Unrelated business $0 · Excluded from tax $0$103,558
Part IX · Statement of functional expenses $130,869 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $86,091$86,091
IX-11c Accounting feesPrograms $350$350
IX-24 Other expenses (24a–d)Programs $44,428$44,428
IX-25 Total functional expensesPrograms $130,869 · Management $0 · Fundraising $0$130,869
Part X · Balance sheet $879,338 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $36,679$47,673
X-11 Publicly traded securitiesStart of year $1,015,624$831,665
X-16 Total assetsStart of year $1,052,303$879,338
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,052,303$879,338
X-33 Total liabilities and net assetsStart of year $1,052,303$879,338
Part XI · Reconciliation of net assets $879,338 net assets at year end
XI-1 Total revenue$103,558
XI-2 Total expenses$130,869
XI-3 Revenue less expenses−$27,311
XI-4 Net assets at start of year$1,052,303
XI-5 Net unrealized gains (losses) on investments−$145,654
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$879,338

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

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