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Concord Rotary Endowment

Tax-deductible

Concord, CA501(c)(3)Since 1985Community DevelopmentEIN 94-2970886Revenue $64K in FY2024

On file with the IRSPo Box 6512, 94524-1512 · Concord, CATax-exempt since Nov 1986Publicly supported charity — 170(b)(1)(A)(vi)

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Mission and ActivitiesThe organization is funded through various public donations and fundraisersthe earnings of such activities are distributed for charitable, scientific

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 60 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $5K a year · 7% 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64K
-15% vs prior year
Spent
$78K
To programs
85%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$64K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$74K
FY2021$84K
FY2022$106K
FY2023−$7K
FY2024$75K
FY2024$64K
Expenses
$78K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$35K
FY2021$69K
FY2022$64K
FY2023$64K
FY2024$76K
FY2024$78K
Net assets
$1.3M
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2024$1.3M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1986.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $67K Management & general 15% · $12K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Guy Bjerke
Director
$0Pt VII · Sec A
Gregory Grassi
Chief Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Kohl
Club President
$0Pt VII · Sec A
Dave Litty
Director
$0Pt VII · Sec A
Kevin Matteri
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Concord Rotary Endowment 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

Provides charitable and scientific aid through public donations and fundraisers.

Questions for Concord Rotary Endowment

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Provided by the organization

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3 programs · $67K · in their own filed words · FY2024
01

Provided funds to local community charitable organizationsto assist with various youth, education, arts and community programs, dictionaries for needy elementary schools, and various scholarships for high school and college students to further education.

$36Kprogram expense
02

Supported local rotacare clinic with funds to provide health care and supplies to those community members in need.

$20Kprogram expense
03

Supported gambia education program by providing desks and teacher housing.

$11Kprogram 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
Vanguard Charitable Endowment ProgramFY2024$6K
Total grants receivedfrom 1 funder$6K
Grants paid · 6 grants · $79K · 2019–2024
Rotacare Bay Area INCCA · FY2024$20,000
Rotacare Bay Area INCCA · FY2023$20,000
Rotacare Bay Area INCCA · FY2022$12,000
Rotacare Bay Area INCCA · FY2021$9,900
Rotacare Bay Area INCCA · FY2020$7,500
Rotacare Bay Area INCCA · FY2019$9,700

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$64K
Ln 12
Investment incomeLn 3$59K
Gifts and grantsLn 1h$5K
Other incomeLn 4–11$367
Money outPt IX
$78K
Ln 25
Programscol B$67K
Managementcol C$12K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$132K
Total assetsLn 16$1.3M
LiabilitiesLn 26$19K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$59K
Other incomeLn 4–11$367
Gains on assetsLn 7−$6K
Total revenueLn 12$64K
Assets in detailPt X, end of year
CashLn 1$132K
Cash and savings togetherLn 1–2$132K
InvestmentsLn 11–13$1.1M
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$19K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderDecember
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$169K$132K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$24K$19K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$56K$56K
Grants and assistance to foreign recipientsLn 3$11K$11K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$2K$2K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$78K$67K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $75K$76K−$1K$1.3M 990 PDF
FY2023 −$7K$64K−$71K$1.3M 990 PDF
FY2022 $106K$64K$43K$1.3M 990 PDF
FY2021 $84K$69K$16K$1.3M 990 PDF
FY2020 $74K$35K$39K$1.3M 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 $63,502 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,990$4,541
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $55,146$58,594
I-11 Other revenuePrior year $17,853$367
I-12 Total revenuePrior year $74,989$63,502
I-13 Grants and similar amounts paidPrior year $72,775$66,633
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,358$11,768
I-18 Total expensesPrior year $76,133$78,401
I-19 Revenue less expensesPrior year −$1,144−$14,899
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $63,502 across 6 lines filed
VIII-1f All other contributions, gifts and grants$4,541
VIII-1h Total contributions, gifts and grants$4,541
VIII-3 Investment incomeExcluded from tax $64,900$64,900
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$6,306−$6,306
VIII-8 Net income from fundraising eventsExcluded from tax $367$367
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $58,961$63,502
Part IX · Statement of functional expenses $78,401 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $55,533$55,533
IX-3 Grants and assistance to foreign recipientsPrograms $11,100$11,100
IX-11c Accounting feesManagement $2,368$2,368
IX-11f Investment management feesManagement $1,658$1,658
IX-24 Other expenses (24a–d)Management $7,742$7,742
IX-25 Total functional expensesPrograms $66,633 · Management $11,768 · Fundraising $0$78,401
Part X · Balance sheet $1,281,941 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $169,455$132,349
X-11 Publicly traded securitiesStart of year $1,128,461$1,149,592
X-15 Other assetsStart of year $3,257$0
X-16 Total assetsStart of year $1,301,173$1,281,941
X-18 Grants payableStart of year $23,604$19,271
X-26 Total liabilitiesStart of year $23,604$19,271
X-28 Net assets with donor restrictionsStart of year $1,277,569$1,262,670
X-32 Total net assets or fund balancesStart of year $1,277,569$1,262,670
X-33 Total liabilities and net assetsStart of year $1,301,173$1,281,941
Part XI · Reconciliation of net assets $1,262,670 net assets at year end
XI-1 Total revenue$63,502
XI-2 Total expenses$78,401
XI-3 Revenue less expenses−$14,899
XI-4 Net assets at start of year$1,277,569
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,262,670

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

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