Nonprofit · EIN 34-1698713
AKRON ROTARY FOUNDATION
Tax-exempt · NEW FRANKLIN, OH 44319
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $51,161 | $320,953 | -$269,792 | $2,495,406 | $8,000 | $2,487,406 |
| December 31, 2023 | 990 | $57,865 | $68,290 | -$10,425 | $2,499,611 | $7,979 | $2,491,632 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,875
- Program service revenue
- $0
- Investment income
- $45,286
- Net gain from sales of assets
- -$14,554
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $289,923
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,775
- Program services (functional)
- $290,053
- Management and general (functional)
- $30,900
Balance sheet and other
- Total assets, start of year
- $2,499,611
- Total assets, end of year
- $2,495,406
- Total liabilities, end of year
- $8,000
- Net assets, end of year
- $2,487,406
- Publicly traded securities
- $1,424,621
- Net assets without donor restrictions
- $1,933,102
- Net assets with donor restrictions
- $554,304
- Gross receipts
- $813,692
- Employees
- 0
- Year formed
- 1992
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCIA HOLCOMB | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KAREN HRDLICKA | TRUSTEE Trustee or director | 0.5 | $0 |
| ANNE JORGENSEN | TRUSTEE Trustee or director | 0.5 | $0 |
| DOUG KOHL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CAROL MARTURANO-BECKER | TRUSTEE Trustee or director | 0.5 | $0 |
| KATY MILLER | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| RIMA MUAKKASSA | TRUSTEE Trustee or director | 0.5 | $0 |
| SANDY NARAGON | TRUSTEE Trustee or director | 0.5 | $0 |
| LAURA SMILEY | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCIA HOLCOMB | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DOUG KOHL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CAROL MARTURANO-BECKER | TRUSTEE Trustee or director | 0.5 | $0 |
| KATY MILLER | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| RIMA MUAKKASSA | TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL SHEARER | TREASURER Trustee or director, Officer | 0.5 | $0 |
| LAURA SMILEY | TRUSTEE Trustee or director | 0.5 | $0 |
| JOSEPH SWIATKOWSKI | TRUSTEE Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4460 REX LAKE DR, NEW FRANKLIN, OH 44319-3430
- In care of
- % MICHAEL G SOFUL
- Principal officer (990 for 2024)
- DOUG KOHL, 4460 REX LAKE DRIVE, AKRON, OH 44319
- Signed the 990
- DOUG KOHL, PRESIDENT
- Phone
- (330) 706-6135
- Website
- WWW.AKRONROTARY.ORG
- Return prepared by
- W3 GLOBAL ACCOUNTING LLC
Mission
FUNDING THE ENDLESS IMPACT OF THE ROTARY CLUB OF AKRON IN OUR COMMUNITY AND BEYOND.
Program accomplishments
- THE AKRON ROTARY FOUNDATION WAS FORMED TO FURTHER CHARITABLE ACTIVITIES FUNDED OR SPONSORED BY MEMBERS OF THE ROTARY CLUB OF AKRON. GRANTS WERE MADE PRIMARILY TO THE AKRON ROTARY CAMP FOR CHILDREN WITH SPECIAL NEEDS INC. AND OTHER CHARITABLE ORGANIZATIONS.Expenses $277,053 · grants $276,923
- THE FOUNDATION PROVIDES EDUCATIONAL AND VOCATIONAL SCHOLARSHIPS ARE AWARDED ON A NON-DISCRIMINATORY BASIS TO STUDENTS SELECTED BY EDUCATORS IN THE SCHOOL SYSTEM.Expenses $13,000 · grants $13,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1698713
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S82Z)
- Assets (IRS master file)
- $2,495,406
- Income (IRS master file)
- $813,692
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $51,161 | $320,953 | $2,495,406 | IRS |
| 990 | December 2023 | $57,865 | $68,290 | $2,499,611 | XML |
| 990 | December 2022 | $607,834 | $53,818 | $2,246,196 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1698713).
Questions about AKRON ROTARY FOUNDATION
- What is the EIN of AKRON ROTARY FOUNDATION?
- The employer identification number (EIN) of AKRON ROTARY FOUNDATION is 34-1698713.
- Is AKRON ROTARY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to AKRON ROTARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AKRON ROTARY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AKRON ROTARY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AKRON ROTARY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AKRON ROTARY FOUNDATION?
- The 990 for the year ended December 31, 2024 names DOUG KOHL.
- Who are the officers and directors of AKRON ROTARY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does AKRON ROTARY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $51,161, expenses of $320,953 and total assets of $2,495,406 at year end.
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