Wayne Rotary Foundation FY2024 filing

Tax-deductible

Wayne, MI501(c)(3)Community DevelopmentEIN 38-6091615Revenue $138K in FY2024

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

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
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
3 mo
of spending, in cash
Looks good: 3.4 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138K
+251% vs prior year
Spent
$124K
To programs
100%
Net assets
$1000K
By yearFY2021–FY2025
Revenue
$138K
FY2024▲ +251%
Tap a bar for its year
Revenue by fiscal year
FY2021$259K
FY2022$104K
FY2023$39K
FY2024$138K
FY2025$125K
Expenses
$124K
FY2024▲ +97%
Tap a bar for its year
Expenses by fiscal year
FY2021$47K
FY2022$131K
FY2023$63K
FY2024$124K
FY2025$61K
Net assets
$1000K
FY2024▲ +8%
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 FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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% · $124K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$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.

Questions for Wayne Rotary Foundation

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Provided by the organization

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1 program · in their own filed words · FY2023
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$138K
Ln 12
Gifts and grantsLn 1h$84K
Investment incomeLn 3$54K
Money outPt IX
$124K
Ln 25
Programscol B$124K
Owns and owesPt X
$1000K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$1000K
LiabilitiesLn 26$0
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$84K
Investment incomeLn 3$54K
Gains on assetsLn 7$30K
Total revenueLn 12$138K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
InvestmentsLn 11–13$964K
Total assetsLn 16$1000K
LiabilitiesLn 26$0
Net assetsLn 32$1000K
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 FY24End FY24
Cash and savingsLn 1–2$25K$36K
InvestmentsLn 11–13$899K$964K
Total assetsLn 16$924K$1000K
LiabilitiesLn 26$0$0
Net assetsLn 32$924K$1000K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$53K$53K
Accounting feesLn 11c$420$420
InsuranceLn 23$200$200
Other expenses (24a–d)Ln 24$71K$71K
Total functional expensesLn 25$124K$124K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $125K$61K$64K$1.1M 990 PDF
FY2024 Viewing $138K$124K$14K$1000K 990 PDF
FY2023 $39K$63K−$24K$924K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $138,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,294$83,788
I-9 Program service revenue$0
I-10 Investment incomePrior year −$918$54,496
I-11 Other revenue$0
I-12 Total revenuePrior year $39,376$138,284
I-13 Grants and similar amounts paidPrior year $34,864$53,155
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $28,380$71,168
I-18 Total expensesPrior year $63,244$124,323
I-19 Revenue less expensesPrior year −$23,868$13,961
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $138,284 across 5 lines filed
VIII-1f All other contributions, gifts and grants$83,788
VIII-1h Total contributions, gifts and grants$83,788
VIII-3 Investment incomeRelated to mission $24,041$24,041
VIII-7 Net gain or loss on sales of assetsRelated to mission $30,455$30,455
VIII-12 Total revenueRelated to mission $54,496 · Unrelated business $0 · Excluded from tax $0$138,284
Part IX · Statement of functional expenses $124,323 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $53,155$53,155
IX-11c Accounting feesPrograms $420$420
IX-23 InsurancePrograms $200$200
IX-24 Other expenses (24a–d)Programs $70,548$70,548
IX-25 Total functional expensesPrograms $124,323 · Management $0 · Fundraising $0$124,323
Part X · Balance sheet $999,891 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $24,724$35,632
X-11 Publicly traded securitiesStart of year $898,801$964,259
X-16 Total assetsStart of year $923,525$999,891
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $923,525$999,891
X-33 Total liabilities and net assetsStart of year $923,525$999,891
Part XI · Reconciliation of net assets $999,891 net assets at year end
XI-1 Total revenue$138,284
XI-2 Total expenses$124,323
XI-3 Revenue less expenses$13,961
XI-4 Net assets at start of year$923,525
XI-5 Net unrealized gains (losses) on investments$62,405
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$999,891

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

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