Rotary Foundation of Incline Village EIN 88-0395694

Rotary Foundation of Incline Village

EIN  88-0395694 Public charity (501(c)(3)) Incline Vlg, NV
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a community improvement nonprofit
Leadership
Mark Benka · Director
Money in and out
$392K revenue, $357K expenses
Bottom line
100% program efficiency

Rotary Foundation of Incline Village is a community improvement nonprofit based in Incline Vlg, NV. For fiscal year 2020 it reported $392K in revenue, $357K in expenses, and $94K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$357K
Pt IX · Ln 25
Net assets
$94K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$357K
Pt IX · Ln 25
Net assets
$94K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$94K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $356K of program spending, described in the organization's own filed words · FY2020.
01

Rotary Angel Business Grants which provided grants to local businesses impacted by the COVID-19 Pandemic. 83 grants were funded.

$356Kprogram expense
02

Rotary Angel Family Grants to provide grants for local families impacted by the COVID-19 Pandemic. 146 grants were funded.

Pt IX · col B
03

Incline Serves to provide meals to children in need during the COVID-19 Pandemic. 4,450 meals were served.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRotary Foundation of Incline Village
EINHdr · item D88-0395694
Principal addressHdr · item CIncline Vlg, NV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S122)
Ruling yearIRS BMFJan 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$391K
Investment income$2K
Total revenueLn 12$392K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$356K
Management & general$1K
Total functional expensesLn 25$357K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$94K
Total liabilitiesLn 26$0
Total net assetsLn 32$94K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses/yr $357K
3.2 months
Where the money goes
Program services
Program services $356K · Total expenses $357K
100%
Management & General
Management & general $1K · Total expenses $357K
0%
Fundraising
Fundraising $0 · Total expenses $357K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $391K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $391K · Total revenue $392K
100%
Government reliance
Government grants $0 · Total revenue $392K
0%
Earned-income share
Program service revenue $0 · Total revenue $392K
0%
Investment reliance
Investment income $2K · Total revenue $392K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $357K
0%
Growth & trend
Revenue growth (YoY)
This year $392K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $94K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $392K · Expenses $357K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $94K
Net-asset ratio
Net assets $94K · Total assets $94K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $54K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $94K
58%
People & payroll
Highest Reported Total Compensation
Individual Mark Benka · Reported title Director · Highest reported compensation $0 · Total expenses $357K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $357K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Investment management fee ratio 1%
Legal fee ratio 0%

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 · received and paid
Grants received · FY2020
See all 5 funders →
Grants paid · 3 grants · $340K · 2020–2020
Unitemized GrantFY2020$227,425
Unitemized GrantFY2020$60,250
Unitemized GrantFY2020$52,300

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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
FY2020 (Latest)$392K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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