Hazleton Rotary Foundation EIN 83-0357014 Form 990 (PDF) Claim this org

Hazleton Rotary Foundation FY2024 filing

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Distributes funds to service and charitable organizations for charitable and educational purposes. For fiscal year 2024 it reported $340K in revenue, $39K in expenses, and $740K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Hazleton, PA
Filings
6 on file (2020–2024)
Revenue
$340KFY2024
Expenses
$39K
Net assets
$740K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-0357014 Public foundation / grantmaker Hazleton, PA
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Distributes funds to service and charitable organizations for charitable and educational purposes.
Leadership
Paul Brenner · Director
Money in and out
$340K revenue, $39K expenses
Bottom line
79% program efficiency
Grants paid & assets · FY2024
Total revenue
$340K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$740K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $301K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
226.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+89%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$340K
FY2024▲ +520%
Expenses
$39K
FY2024
Total assets
$740K
FY2024
Total liabilities
$0
FY2024
Total revenue
$340K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$740K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$301K
Total assetsPt X · Ln 16$740K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2023.
01

The entity is organized exclusively for charitable AND/OR educational purposes. Distributions are made to service and charitable organizations.

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHazleton Rotary Foundation
EINHdr · item D83-0357014
Principal addressHdr · item CHazleton, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFJun 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hazleton Rotary Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$316K · 93%
Investment income$24K · 7%
Contributions & grants93%$316K
Investment income7%$24K
Total revenueLn 12$340K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$31K
Management & general21%$8K
Total functional expensesLn 25$39K

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$740K
Total liabilitiesLn 26$0
Total net assetsLn 32$740K
Months of cash on handcomputed105.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $738K · Operating expenses/yr $39K
226.6 months
Where the money goes
Program services
Program services $31K · Total expenses $39K
79%
Management & General
Management & general $8K · Total expenses $39K
21%
Fundraising
Fundraising $0 · Total expenses $39K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $316K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $316K · Total revenue $340K
93%
Government reliance
Government grants — · Total revenue $340K
Earned-income share
Program service revenue $0 · Total revenue $340K
0%
Investment reliance
Investment income $24K · Total revenue $340K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $39K
0%
Growth & trend
Revenue growth (YoY)
This year $340K · Prior year $55K
+520%
Revenue CAGR
FY2019 $61K · FY2023 $340K
+54%
Net-asset trend (YoY)
End of year $740K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $340K · Expenses $39K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $740K
Net-asset ratio
Net assets $740K · Total assets $740K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $394K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $740K
53%
People & payroll
Highest Reported Total Compensation
Individual Paul Brenner · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $39K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $39K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth 520%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$30

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$100K revenue · ⤓ 990 PDF
FY2024$340K revenue · viewing · ⤓ 990 PDF
FY2023$55K revenue · ⤓ 990 PDF
FY2022$81K revenue · ⤓ 990 PDF
FY2021$45K revenue · ⤓ 990 PDF
FY2020$61K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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