Nonprofit · EIN 39-1621236
RACINE FOUNDERS CLUB ROTARY FOUNDATION INC
Tax-exempt · RACINE, WI 53404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $232,736 | $219,317 | $13,419 | $451,265 | $39,567 | $411,698 |
| June 30, 2024 | 990-EZ | $90,785 | $44,393 | $46,392 | $444,145 | $147,086 | $297,059 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $193,925
- Membership dues
- $17,269
- Program service revenue
- $0
- Investment income
- $5,025
- Net income from fundraising events
- $33,786
- Other revenue
- $33,786
Expenses
- Grants and similar amounts paid
- $216,952
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $374
- Program services (functional)
- $216,952
- Management and general (functional)
- $2,365
Balance sheet and other
- Total assets, start of year
- $444,145
- Total assets, end of year
- $451,265
- Total liabilities, end of year
- $39,567
- Net assets, end of year
- $411,698
- Net assets without donor restrictions
- $296,585
- Net assets with donor restrictions
- $115,113
- Gross receipts
- $244,328
- Employees
- 0
- Volunteers
- 80
- Year formed
- 1985
- State of legal domicile
- WI
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Norris Richardson | Director Trustee or director | 0 | $0 |
| Lyndsay Knoell | Director Trustee or director | 0 | $0 |
| Chad Arents | President Elect Trustee or director | 0 | $0 |
| Loretta Baxter | Director Trustee or director | 0 | $0 |
| Jim Venturini | Director Trustee or director | 0 | $0 |
| James Lynott | Director Trustee or director | 0 | $0 |
| Sara Luther-Haggerman | Director Trustee or director | 0 | $0 |
| Laura DeGroot | President Officer | 0 | $0 |
| Patricia OConnell | Treasurer Officer | 0 | $0 |
| Peter Wyant | Secretary Officer | 0 | $0 |
| Timothy Crawford | Vice President Officer | 0 | $0 |
990-EZ for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patrick Booth | President | 2 | $0 |
| Frank E Sterbin | Treasurer | 3 | $0 |
| Jody Muniz | Director | 0.5 | $0 |
| Ashley Staeck | Director | 0.5 | $0 |
| Robert Henken | Director | 1 | $0 |
| Norris Richardson | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 44098, RACINE, WI 53404-7002
- In care of
- % LAURA DEGROOT
- Signed the 990
- LAURA DEGROOT, President
- Phone
- (703) 627-4448
- Return prepared by
- Perfect Balance Accounting Services
Mission
The receipt, holding, investment, and expenditure of gifts, donations, bequests, devises and membership contributions, together with all income therefrom for the benefit of any humane, charitable, educational or civic purpose.
Program accomplishments
- Foundation members plan, organize and put on a County wide Post Prom for high-school seniors. Over 1,000 kids participate in a drug-free party atmosphere. Multiple entertainment options are available, games, karaoke, bands, food, soft drinks, etc.Expenses $104,636 · revenue $91,459
- International Program, Belize, multiple members traveled to Belize to bring medical and classroom supplies. The members also provided first aide kits, and AEDs. Largest item shipped/donated was a fire truck. The logistics for the fire truck were cordinated by Rotarians and the WI Air National Guard. Rotarian teams trained locals on the medical items and certified multiple locals in first aide and CPR. A reading program for small children was also conducted.Expenses $77,681 · revenue $78,027
- Scholarships (Strive) are given to multiple students who show improvement in their later years of high school. These scholarships are paid directly to a higher education facility on the students behalf. Grants and donations are given to Racine County organizations that fit the criteria established by the current borrd. The criteria always follow the basic tenets of the organization. This year the emphasis was on organizations that help children in some way.Expenses $34,635
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 39-1621236
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $451,265
- Income (IRS master file)
- $244,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $232,736 | $219,317 | $451,265 | XML |
| 990-EZ | June 2024 | $90,785 | $44,393 | $444,145 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 39-1621236).
Questions about RACINE FOUNDERS CLUB ROTARY FOUNDATION INC
- What is the EIN of RACINE FOUNDERS CLUB ROTARY FOUNDATION INC?
- The employer identification number (EIN) of RACINE FOUNDERS CLUB ROTARY FOUNDATION INC is 39-1621236.
- Is RACINE FOUNDERS CLUB ROTARY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to RACINE FOUNDERS CLUB ROTARY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACINE FOUNDERS CLUB ROTARY FOUNDATION INC 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 RACINE FOUNDERS CLUB ROTARY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACINE FOUNDERS CLUB ROTARY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of RACINE FOUNDERS CLUB ROTARY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does RACINE FOUNDERS CLUB ROTARY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $232,736, expenses of $219,317 and total assets of $451,265 at year end.
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