Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Locust Valley Rotary Club
EIN 11-3075245 • 501(c)3 • Glen Cove, NY
Profile
To solicit, receive, accept, hold, invest, reinvest and administer any gifts, bequest, devises and property of any sort, without limitation as to amount or value, and to use, disburse or donate the whole or any part of the income or principal thereof exclusively for charitable, religious, scientific, literary, medical or educational purposes, or for the prevention of cruelty to children or animals, within the united states of america.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
12th percentile
Faster revenue growth than 12% of similar nonprofits.
Balance Sheet
Assets
Down$4,585
Down $7,119 (-61%) from 2023
Liabilities
Flat$25
Flat from 2023
Net Assets
Down$4,560
Down $7,119 (-61%) from 2023
Revenue
Down$950
Down $6,774 (-88%) from 2023
Expenses
Down$8,069
Down $4,039 (-33%) from 2023
Net Income
Down-$7,119
Down $2,735 (-62%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $4,585
- Liabilities
- $25
- Net assets
- $4,560
- Revenue
- $950
- Expenses
- $8,069
- Net income
- -$7,119
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Apr 29, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $950
Mission and Program Overview
Mission
To solicit, receive, accept, hold, invest, reinvest and administer any gifts, bequest, devises and property of any sort, without limitation as to amount or value, and to use, disburse or donate the whole or any part of the income or principal thereof exclusively for charitable, religious, scientific, literary, medical or educational purposes, or for the prevention of cruelty to children or animals, within the united states of america.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| VARIOUS SCHOLARSHIPS WERE GIVEN TO DESERVING STUDENTS TO BE USED FOR EDUCATIONAL PURPOSES. | $4,500 | $4,500 |
| THE ORGANIZATION GIVES DONATIONS TO VARIOUS ORGANIZATIONS. | $2,350 | $2,350 |
| THE ORGANIZATION CONTRIBUTED TO VARIOUS COMMUNITY PROGRAMS, INCLUDING RENOVATIONS TO THE GAZEBO, AND CLOCK TOWER. | $1,219 | $1,219 |
| OTHER ORGANIZATIONAL EXPENSES | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KAREN ROSOLINO | President | PT | $0 | - | - |
| GABOR KARSAI | Officer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Locust Valley Rotary Club
- EIN
- 11-3075245
- Phone
- 5163598028
- Address
- 37 NORTHFIELD ROAD, GLEN COVE, NY 11542
Signing Officer
- Name
- Karen Rosolino
- Title
- President
- Phone
- 5163598028
- Signed
- 2025-04-29
Preparer
- Firm
- Strategic Tax Planning Services LLC
- Address
- 150 MOTOR PARKWAY SUITE 101, HAUPPAUGE, NY 11788
- Preparer
- Matthew P Maglio CPA
- Phone
- 6316569720
Supplemental Narrative
Additional Explanations
Form 990-ez, Part II, Line 26
“Due to lv rotary club 25 25”
Form 990-ez, Part III
“To solicit, receive, accept, hold, invest, reinvest and administer any gifts, bequest, devises and property of any sort, without limitation as to amount or value, and to use, disburse or donate the whole or any part of the income or principal thereof exclusively for charitable, religious, scientific, literary, medical or educational purposes, or for the prevention of cruelty to children or animals, within the united states of america.”
Form 990-ez, Part III, Line 31
“Other organizational expenses”
Raw XML Appendix136 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KAREN ROSOLINO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5163598028 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 37 NORTHFIELD ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GLEN COVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11542 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 11704 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 4585 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 950 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -7119 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 11704 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 4585 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 8069 |
| IRS990EZ/GrossReceiptsAmt | 0 | 950 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 11679 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 4560 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 11679 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 4560 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KAREN ROSOLINO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GABOR KARSAI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUEST, DEVISES AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE OR DONATE THE WHOLE OR ANY PART OF THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, MEDICAL OR EDUCATIONAL PURPOSES, OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, WITHIN THE UNITED STATES OF AMERICA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | VARIOUS SCHOLARSHIPS WERE GIVEN TO DESERVING STUDENTS TO BE USED FOR EDUCATIONAL PURPOSES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | THE ORGANIZATION GIVES DONATIONS TO VARIOUS ORGANIZATIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | THE ORGANIZATION CONTRIBUTED TO VARIOUS COMMUNITY PROGRAMS, INCLUDING RENOVATIONS TO THE GAZEBO, AND CLOCK TOWER. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | OTHER ORGANIZATIONAL EXPENSES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 4500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 2350 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 1219 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 4500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 2350 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 1219 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 25 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 25 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 8069 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 8069 |
| IRS990EZ/TotalRevenueAmt | 0 | 950 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LVROTARY.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 950 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7724 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 18585 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 47270 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 45644 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 120173 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 215 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 215 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99820 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99870 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 120173 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 950 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7724 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 18585 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 47270 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 45644 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 120173 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 950 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 7724 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 18585 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 47270 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 45859 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 120388 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DUE TO LV ROTARY CLUB 25 25 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | TO SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUEST, DEVISES AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE OR DONATE THE WHOLE OR ANY PART OF THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, MEDICAL OR EDUCATIONAL PURPOSES, OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, WITHIN THE UNITED STATES OF AMERICA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | OTHER ORGANIZATIONAL EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KAREN ROSOLINO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5163598028 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOCUST VALLEY ROTARY CLUB |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOCU |
| ReturnHeader/Filer/EIN | 0 | 113075245 |
| ReturnHeader/Filer/PhoneNum | 0 | 5163598028 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 37 NORTHFIELD ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GLEN COVE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11542 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 874258254 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | STRATEGIC TAX PLANNING SERVICES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 150 MOTOR PARKWAY SUITE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HAUPPAUGE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11788 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6316569720 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-04-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MATTHEW P MAGLIO CPA |
| ReturnHeader/ReturnTs | 0 | 2025-04-30T10:44:47-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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