Civic Intelligence

Saratoga Springs Rotary Education

EIN 16-1521561 • 501(c)3 • Saratoga Springs, NY

Profile

The saratoga springs rotary education foundation assists students from the greater saratoga community to advance their education and training by raising and managing funds in support of scholarships and general education needs.

PO Box 4423Saratoga Springs, NY 12866

saratogaspringsscholarships.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

0.07x

Higher debt load relative to revenue than 53% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

97th percentile

361%

Faster revenue growth than 97% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$2,278,765

Up $239,104 (+12%) from 2024

Liabilities

Down

$19,314

Down $757 (-3.8%) from 2024

Net Assets

Up

$2,259,451

Up $239,861 (+12%) from 2024

Revenue

Up

$260,422

Up $203,906 (+361%) from 2024

Expenses

Up

$120,929

Up $2,642 (+2.2%) from 2024

Net Income

Up

$139,493

Up $201,264 (+326%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $908,231Liabilities 2011: $2,893Net Assets 2011: $905,3382011Assets 2012: $946,297Liabilities 2012: $1,774Net Assets 2012: $944,5232012Assets 2013: $1,099,222Liabilities 2013: $4,875Net Assets 2013: $1,094,3472013Assets 2014: $1,298,901Liabilities 2014: $3,149Net Assets 2014: $1,295,7522014Assets 2015: $1,335,352Liabilities 2015: $2,707Net Assets 2015: $1,332,6452015Assets 2016: $1,362,784Liabilities 2016: $1,964Net Assets 2016: $1,360,8202016Assets 2017: $1,531,125Liabilities 2017: $5,308Net Assets 2017: $1,525,8172017Assets 2018: $1,624,050Liabilities 2018: $4,499Net Assets 2018: $1,619,5512018Assets 2019: $1,720,788Liabilities 2019: $10,874Net Assets 2019: $1,709,9142019Assets 2020: $1,766,599Liabilities 2020: $8,500Net Assets 2020: $1,758,0992020Assets 2021: $2,135,070Liabilities 2021: $0Net Assets 2021: $2,135,0702021Assets 2022: $1,731,998Liabilities 2022: $15,000Net Assets 2022: $1,716,9982022Assets 2023: $1,827,073Liabilities 2023: $18,525Net Assets 2023: $1,808,5482023Assets 2024: $2,039,661Liabilities 2024: $20,071Net Assets 2024: $2,019,5902024Assets 2025: $2,278,765Liabilities 2025: $19,314Net Assets 2025: $2,259,4512025

Highlighted filing

2025

Assets$2,278,765
Liabilities$19,314
Net Assets$2,259,451

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $219,254Expenses 2011: $51,725Net Income 2011: $167,5292011Expenses 2012: $51,9122012Expenses 2013: $51,5432013Revenue 2014: $120,100Expenses 2014: $59,806Net Income 2014: $60,2942014Revenue 2015: $108,422Expenses 2015: $63,250Net Income 2015: $45,1722015Revenue 2016: $102,650Expenses 2016: $65,490Net Income 2016: $37,1602016Revenue 2017: $124,505Expenses 2017: $69,187Net Income 2017: $55,3182017Revenue 2018: $286,481Expenses 2018: $83,867Net Income 2018: $202,6142018Revenue 2019: $137,852Expenses 2019: $81,911Net Income 2019: $55,9412019Revenue 2020: $301,312Expenses 2020: $86,171Net Income 2020: $215,1412020Revenue 2021: $236,486Expenses 2021: $87,794Net Income 2021: $148,6922021Revenue 2022: $151,766Expenses 2022: $189,060Net Income 2022: -$37,2942022Revenue 2023: $80,996Expenses 2023: $104,131Net Income 2023: -$23,1352023Revenue 2024: $56,516Expenses 2024: $118,287Net Income 2024: -$61,7712024Revenue 2025: $260,422Expenses 2025: $120,929Net Income 2025: $139,4932025

Highlighted filing

2025

Revenue$260,422
Expenses$120,929
Net Income$139,493

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.02$2.26$0.26$0.12$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.02$2.02$0.06$0.12$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.02$1.81$0.08$0.10$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.02$1.72$0.15$0.19$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.00$2.14$0.24$0.09$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.01$1.76$0.30$0.09$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.01$1.71$0.14$0.08$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.00$1.62$0.29$0.08$0.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.01$1.53$0.12$0.07$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.10$0.07$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.33$0.11$0.06$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.12$0.06$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.09$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.94$0.05
2011Summary only. Only limited summary data is available for this year.$0.91$0.00$0.91$0.22$0.05$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$829,591
Mission and Program Overview

Mission

The saratoga springs rotary education foundation assists students from the greater saratoga community to advance their education and training by raising and managing funds in support of scholarships and general education needs.

The Saratoga Springs Rotary Education Foundation, Inc. invests in students' potential because everyone deserves the opportunity for a brighter future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,919,273$2,110,665▲ $191,392
Savings and Temporary Cash Investments$86,868$136,170▲ $49,302
Cash and Non-Interest-Bearing Accounts$25,543$25,130▼ $413
Accounts Receivable-$825-
Prepaid Expenses and Deferred Charges-$804-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,039,661$2,278,765▲ $239,104
Other Assets Total$7,977$5,171▼ $2,806
Liabilities
Accounts Payable and Accrued Expenses$20,071$19,314▼ $757
Total Liabilities$20,071$19,314▼ $757
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,771,740$1,936,106▲ $164,366
Net Assets With Donor Restrictions$247,850$323,345▲ $75,495
Total Net Assets Fund Balance$2,019,590$2,259,451▲ $239,861
Total Liabilities and Net Assets / Fund Balance$2,039,661$2,278,765▲ $239,104

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$528,962$75,495--$604,457
2023$528,962---$528,962
2022$543,862$100--$543,962
2021$543,862---$543,862
2020$543,662$200--$543,862
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$130,069
Program Service Revenue
$0
Investment Income
$128,129
Other Revenue
$2,224
All Other Contributions
$107,078
Change in Net Assets
$139,493

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$69,920Fair Market Value (FMV)
Total Noncash Contributions2$69,920-

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,815
Revenue Not Reported on Financial Statements
$7,607
Revenue Not Reported on Form 990
$100,368
Total Revenue per Audited Statements
$353,183
Total Revenue per Form 990
$260,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$101,000
Other Expenses$19,929
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$101,000--$101,000
Fees for Service Investment Mgmnt Fees-$7,607-$7,607
Fees for Services Accounting-$6,880-$6,880
Office Expenses-$3,145-$3,145
Insurance-$1,507-$1,507
Other Expenses-$100-$100
Total Functional Expenses$101,000$19,929$0$120,929

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$120,929
Expenses per Audited Statements$113,322
Total Expenses per Audited Statements$113,322
Expenses Not Reported on Financial Statements$7,607
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,162
Fundraising Direct Expenses$5,938
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$31,153$8,162$1,866$6,296
Total Events$31,153$8,162$5,938$2,224
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Board of Directors is given a draft copy of the 990 to review prior to filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest forms are completed annually by all board members.

Form 990, Part VI, Section C, Line 19

The Foundation's documents are provided upon request.

Filing and Contact Details

Filer

Filer Name
Saratoga Springs Rotary Education
EIN
16-1521561
Phone
5184693579
Address
PO Box 4423, Saratoga Springs, NY 12866

Signing Officer

Name
Tiffany Morris
Title
Treasurer
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Post
Formed
1996
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Firm
Whittemore Dowen & Ricciardelli Llp
Address
333 AVIATION RD BLDG B, QUEENSBURY, NY 12804
Preparer
Colin D Combs CPA
Phone
5187920918
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The intended use for endowment funds is to build an asset base to allow for the draw of investment income to increase the amount and number of scholarships.

Part X : FIN48 Footnote

The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is also exempt from New York State income and sales taxes. In accordance with generally accepted accounting principles, the Foundation accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of June 30, 2025, the Foundation believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements. As of June 30, 2025, the tax years that remain subject to examination by taxing authorities begin with 2022.

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