Civic Intelligence

Towsontowne Hunt Valley Rotary Foundation Inc.

EIN 52-2136361 • 501(c)3 • Lutherville Timonium, MD

Pub. 78 Eligible990-N Coverage

Profile

Our foundation supports the philanthropic projects of the Rotary Club of Towsontowne, which runs projects in Rotary's Seven Lanes of Service: (1) to promote peace, (2) to fight disease, (3) to provide clean water, sanitation,and hygiene,(4) save mothers and children, (5) support education, (6) grow local economies, and (7) protect the environment.

9690 Deereco RoadLutherville Timonium, MD 21093

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

51st percentile

-1.5%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

123%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$307,801

Down $4,571 (-1.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

$307,801

No earlier filing loaded for comparison.

Revenue

Up

$38,231

Up $21,084 (+123%) from 2019

Expenses

Up

$43,126

Up $33,611 (+353%) from 2019

Net Income

Down

-$4,895

Down $12,527 (-164%) from 2019

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $111,650Liabilities 2016: $0Net Assets 2016: $111,6502016Assets 2017: $302,382Liabilities 2017: $0Net Assets 2017: $302,3822017Assets 2018: $303,958Liabilities 2018: $0Net Assets 2018: $303,9582018Assets 2019: $312,372Liabilities 2019: $02019Assets 2020: $307,801Liabilities 2020: $0Net Assets 2020: $307,8012020

Highlighted filing

2020

Assets$307,801
Liabilities$0
Net Assets$307,801

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $55,674Expenses 2016: $11,490Net Income 2016: $44,1842016Revenue 2017: $202,765Expenses 2017: $13,592Net Income 2017: $189,1732017Revenue 2018: $22,821Expenses 2018: $21,820Net Income 2018: $1,0012018Revenue 2019: $17,147Expenses 2019: $9,515Net Income 2019: $7,6322019Revenue 2020: $38,231Expenses 2020: $43,126Net Income 2020: -$4,8952020

Highlighted filing

2020

Revenue$38,231
Expenses$43,126
Net Income-$4,895

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jun 23, 2021
Return Version
2019v5.1
Gross Receipts
$38,231
Mission and Program Overview

Mission

Our foundation supports the philanthropic projects of the Rotary Club of Towsontowne, which runs projects in Rotary's Seven Lanes of Service: (1) to promote peace, (2) to fight disease, (3) to provide clean water, sanitation,and hygiene,(4) save mothers and children, (5) support education, (6) grow local economies, and (7) protect the environment.

Program Services

DescriptionGrantsExpenses
$5,859$21,888$21,888
Rotary Eye Rescue Program: in partnership with The Rotary Foundation and other Rotary Clubs, we are providingfinancial support for corneal transplant surgeries for poor people in participating countries and institutionswho otherwise would be unable to afford surgeries. We have collected sufficient funds to fund 100 surgeries thus far.$8,000$8,000
Payments made to The Rotary Foundation for the Bangladesh Vision Project: in partnership with The Rotary Foundation, Rotary Clubs in Bangladesh, India,and elsewhere, and Keralink International, we have begun treating persons suffering from corneal blindness. Expenditures for this $500k+ project have thus far mostly been made by our international partners.$7,413$7,413
The Rotary Foundation for Global Grant #GG2095900 - Eye Care Through Cataract, Retina, and Glaucoma Surgeries.In partnership with the Rotary Club of Bombay North, other Rotary Clubs and The Rotary Foundation, this project will fund cataract surgeries, glaucoma surgeries and retina surgeries to patients at the Vivekanand Netralaya at Ramakrishna Mission Hospital in Dehradun,Uttarakhand India.$6,300$6,300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann SaarPresidentPT$0--
Season ShresthaVice-President-$0--
Suzanne PearceSecretary-$0--
Frank DudekTreasurerPT$0--
Sharon BregelDirector-$0--
Mahmood FarazdaghiDirector-$0--
Chintha KuruppunaDirector-$0--
Filing and Contact Details

Filer

Filer Name
Towsontowne Rotary Foundation Inc
EIN
52-2136361
Phone
4108286432
Address
9690 Deereco Road, Lutherville Timonium, MD 21093

Signing Officer

Name
Ann Saar
Title
President
Phone
4108286432
Signed
2021-06-23
Discuss with paid preparer
Yes

Preparer

Firm
Goldsborough Tax & Accounting Services
Address
810 PROVIDENCE ROAD, TOWSON, MD 21286
Preparer
Stephanie G Bigwood
Phone
4109058854
Supplemental Narrative

Additional Explanations

Pt III, Line 31

Description: To promote education and children's health by providing vision testing for children in the HeadStart program, ages 3-5, and by providing them each with a book to keep Class of Activity: health, education Grantee's name: See2Learn project, sponsored by the Rotary Club of Towsontowne Amount Given: $4,779

Pt III, Line 31

Description: To support this vision care project to provide life-changing eye surgeries to patients in India Class of Activity: Health (vision care surgeries) Grantee's name: Lions Club of Bangalore in West Trust, India Amount Given: $2,000

Pt V, Line 35B

The Foundation did not have any Unrelated Business Taxable Income; therefore there was not requirement to file a Form 990-T

Pt III, Line 31

Description: To support a global project that provides clean water and sanitation to an underserved part of the world Class of Activity: water, health, sanitation, peace Grantee's name: The Rotary Foundation - Water Project Amount Given: $1,575

Pt III, Line 31

Description: To support the Children's Guild's dedication to transforming how America cares for and educates its children and youth Class of Activity: education, children Grantee's name: The Children's Guild Amount Given: $1,550

Pt III, Line 31

Description: To support the ACTC's mission of caring for the hungry in our community Class of Activity:food security Grantee's name: Assistance Center for Towson Churches Amount Given: $1,500

Pt III, Line 31

Description: To support peace Description: To support the peace project Class of Activity: peace Grantee's name: Goucher College - Peace Studies HOPE Project Amount Given: $1,500

Pt III, Line 31

Description: To support a private coeducational school in Southwest Baltimore, serving children from Daycare and Nursery agen through middle school Class of Activity: education Grantee's name: Unseld's School Amount Given: $1,500

Pt III, Line 31

Description: To support Keith Schmidt, DDS, in his Africa Mission Trip, by purchasing dental equipment that he can use to provide root canal treatment to a very underserved population Class of Activity: health Grantee's name: Dr. Keith Schmidt for Africa Mission Trip Amount Given: $1,283.77

Pt III, Line 31

Description: To contribute to the Turkey Trot program that raises money for scholarships for children in need of financial assistance to attend summer camp Class of Activity: children, education, food security Grantee's name: Y of Central Maryland Amount Given: $1,000.00

Pt III, Line 31

Description: To provide financial assistance to feed the hungry in Baltimore Class of Activity: food security, saving families Grantee's name: Maryland Food Bank Amount Given: $1,000.00

Pt III, Line 31

Description: To contribute to an ongoing effort to eradicate polio around the world Class of Activity: health Grantee's name: The Rotary Foundation - Polio Plus Amount Given: $1,000.00

Pt III, Line 31

Description: To contribute to Disaster aid relief for hurricane victims in the Bahamas Class of Activity: health, water, sanitation, food security Grantee's name: Disaster Aid USA Amount Given: $500 plus $200 for total of $700

Pt III, Line 31

Description: To support individual advocacy for children and youth in foster care in Baltimore County who have been abused, neglected or abandoned Class of Activity: children, food security, health Grantee's name: CaSA of Baltimore County, Inc. Amount Given: $500.00

Pt III, Line 31

Description: To support the athletic training and mentorship, as well as endurance events to help athletes living with disabilities to live more active lifestyles and to pursue a high quality life and achievement Class of Activity: health, children and youth,peace through friendship Grantee's name: Athletes Serving Athletes Amount Given: $500

Pt III, Line 31

Description: To provide financial support to an organization that is providng families who are facing adversity with housing, utilities and transportation in the spirit of "never giving up" when times get tough Class of Activity: health, families, economic development Grantee's name: Griffith Never give Up Foundation Amount Given: $450

Form 990EZ, Part I, Line 10

to purchase vision testing equipment for children in the Head Start program and to provide them each with a book, perhaps the first book they have owned; education,supporting; See2Learn Project: , , , ; Project we managed, we tested vision of children ages 3-5 and gave them books to keep 10/03/2019 4779. 4779. 4779.

Form 990EZ, Part I, Line 10

to support Dr. Keith Schmidt on his mission trip to Africa to provide free dental care; health care; Keith Schmidt, DDS for Africa Mission Trip: , , , ; Dr. Schmidt is a member of Rotary, we purchased equipment to enable Dr. Schmidt to provide root canal care on mission trip to Africa 02/26/2020 1284. 1284. 1284.

Form 990EZ, Part I, Line 10

to purchase food and necessities for the needy; food support; Assistance Center of Towson Churches: 116 W Pennsylvania Ave, Towson, MD, 21204; grantee, cash donation made in two parts on 12/28/19 and 5/21/20 12/28/2019 1500. 1500. 1500.

Form 990EZ, Part I, Line 10

to support youth with special needs, to foster friendship between youth with special needs and healthy youth; supporting youth; Athletes Serving Athletes, Inc.: P. O. Box 172, Richboro, PA, 18954; grantee, cash donation 12/28/2019 500. 500. 500.

Form 990EZ, Part I, Line 10

to support individual advocacy for children in foster care who have been abused, neglected or abandoned; supporting youth; CaSA of Baltimore County: 305 W. Chesapeake Ave, #117, Towson, MD, 21204; grantee, cash donation 02/28/2020 500. 500. 500.

Form 990EZ, Part I, Line 10

One of Rotary's six lanes of service is PEACE; we do what we can to encourage understanding so that the world may know peace; education; peace; Goucher College - Peace Studies HOPE Project: 1021 Dulaney Valley Road, Baltimore, MD, 21204; grantee, cash donation 02/26/2020 1500. 1500. 1500.

Form 990EZ, Part I, Line 10

to support this vision care project to provide life-changing eye surgeries to patients in India; health; specifically; Lions Club of Bangalore: wire transfer, West Trust, India, , ; grantee, 06/08/2020 2000. 2000. 2000.

Form 990EZ, Part I, Line 10

to help our neighbors in need to have food security during the pandemic; food; health; Maryland Food Bank: 2200 Halethorpe Farms Road, Baltimore, MD, 21227; grantee, cash donation 05/21/2020 1000. 1000. 1000.

Form 990EZ, Part I, Line 10

to support this school in their educational programs; education; children; The Children's Guild: 6802 McLean Blvd, Baltimore, MD, 21234; grantee, cash donation split into two payments: 2/26/20 and 6/8/2020 02/26/2020 1550. 1550. 1550.

Form 990EZ, Part I, Line 10

to support this group that teaches young people to never give up to adversity; youth; The Griffith Never Give Up Foundation: 3004 Fallston Road, Fallston, MD, 21047; grantee, cash donation 10/11/2019 450. 450. 450.

Form 990EZ, Part I, Line 10

to support youth and education; education; Unselds' School: 250 S. Hilton Street, Baltimore, MD, 21229; grantee, cash donation 06/08/2020 1500. 1500. 1500.

Form 990EZ, Part I, Line 10

To support the Turkey Trot, which helps underprivileged youth to attend camp, etc.; youth; education; Y of Central Maryland: 303 W Chesapeake Avenue, Towson, MD, 21204; grantee, cash outlay 11/13/2019 1000. 1000. 1000.

Form 990EZ, Part I, Line 10

To fund cataract, retina and glaucoma surgeries for those who cannot afford these vital surgeries in ; healthcare; specifically vision care; The Rotary Foundation, Global Grant #GG2095900 - Eye Care : Through Cataract, Retina and Glaucoma Surgeries, India, , ; affiliate organization, $6,000 cash grant; the $300 processing fee for The Rotary Foundation is included in the total 01/13/2020 1000. 1000. 6300.

Form 990EZ, Part I, Line 10

to pass some monies we were holding for our Bangladesh Vision Project to The Rotary Foundation; project supporting health, ; The Rotary Foundation: 14280 Collections Center Drive, Chicago, IL, 60693; affiliate foundation, cash outlay 12/06/2019 7413. 7413. 7413.

Form 990EZ, Part I, Line 10

To support Rotary's ongoing effort, in conjunction with the Bill and Melinda Gates Foundation and Unicef, to eradicate polio throughout the world; public ; The Rotary Foundation (Polio Plus): 14280 Collections Center Drive, Chicago, IL, 60693; affiliated foundation, cash outlay 06/08/2020 1000. 1000. 1000.

Form 990EZ, Part I, Line 10

+; health; clean; The Rotary Foundation: 14280 Collections Center Drive, Chicago, IL, 60693; affiliate foundation, cash outlay 12/20/2019 1575. 1575. 1575.

Form 990EZ, Part I, Line 10

The Rotary Eye Rescue Project will distribute monies to Eye Banks in India to provide eye surgeries to deserving poor people who need help paying for eye surgeries; health; Rotary Club of Bombay: sent via Bank of India, Bombay, India, , ; affiliate club, cash grant sent to Bank of India via Wire Transfer 05/22/2020 8000. 8000. 8000.

Form 990EZ, Part I, Line 10

to provide some support for disaster relief after Hurricane Dorian; health; disaster relief; Disaster Aid USA: 9817 Lanham Severn Road, Lanham, MD, 20706; grantee, cash payment made in two checks ($200 and $500) totaling $700 10/03/2019 700. 700. 700.

Form 990EZ, Part I, Line 16

Bank expenses and check printing charge 100.

Form 990EZ, Part I, Line 20

To adjust tax book value of Scholarship Fund investments to account for decrease in market value in FY2019 -999.

Form 990EZ, Part I, Line 20

Prior period adjustment for Scholarship Investment Accounts at FY2018 -182.

Form 990EZ, Part I, Line 20

Prior period adjustment for Petty Cash returned in April, 2019, erroneously accounted for as fundraising income -1400.

Form 990EZ, Part I, Line 20

Adjustment to void check #1261 prev expensed, never presented for payment 1000.

Form 990EZ, Part I, Line 20

Adjustment to void check #1262 prev expensed, never presented for payment 515.

Form 990EZ, Part I, Line 20

Adjustment to General Fd balance for ck #1286 still in transit 1500.

Form 990EZ, Part I, Line 20

Adjustment to 6/30/2019 balance sheet in conversion to QBO -30.

Form 990EZ, Part I, Line 20

Adjustment for miscellaneous expense -80.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: To promote education and children's health by providing vision testing for children in the HeadStart program, ages 3-5, and by providing them each with a book to keep Class of Activity: health, education Grantee's name: See2Learn project, sponsored by the Rotary Club of Towsontowne Amount Given: $4,779
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: To support this vision care project to provide life-changing eye surgeries to patients in India Class of Activity: Health (vision care surgeries) Grantee's name: Lions Club of Bangalore in West Trust, India Amount Given: $2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Foundation did not have any Unrelated Business Taxable Income; therefore there was not requirement to file a Form 990-T
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: To support a global project that provides clean water and sanitation to an underserved part of the world Class of Activity: water, health, sanitation, peace Grantee's name: The Rotary Foundation - Water Project Amount Given: $1,575
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: To support the Children's Guild's dedication to transforming how America cares for and educates its children and youth Class of Activity: education, children Grantee's name: The Children's Guild Amount Given: $1,550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description: To support the ACTC's mission of caring for the hungry in our community Class of Activity:food security Grantee's name: Assistance Center for Towson Churches Amount Given: $1,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description: To support peace Description: To support the peace project Class of Activity: peace Grantee's name: Goucher College - Peace Studies HOPE Project Amount Given: $1,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description: To support a private coeducational school in Southwest Baltimore, serving children from Daycare and Nursery agen through middle school Class of Activity: education Grantee's name: Unseld's School Amount Given: $1,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description: To support Keith Schmidt, DDS, in his Africa Mission Trip, by purchasing dental equipment that he can use to provide root canal treatment to a very underserved population Class of Activity: health Grantee's name: Dr. Keith Schmidt for Africa Mission Trip Amount Given: $1,283.77
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Description: To contribute to the Turkey Trot program that raises money for scholarships for children in need of financial assistance to attend summer camp Class of Activity: children, education, food security Grantee's name: Y of Central Maryland Amount Given: $1,000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Description: To provide financial assistance to feed the hungry in Baltimore Class of Activity: food security, saving families Grantee's name: Maryland Food Bank Amount Given: $1,000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Description: To contribute to an ongoing effort to eradicate polio around the world Class of Activity: health Grantee's name: The Rotary Foundation - Polio Plus Amount Given: $1,000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Description: To contribute to Disaster aid relief for hurricane victims in the Bahamas Class of Activity: health, water, sanitation, food security Grantee's name: Disaster Aid USA Amount Given: $500 plus $200 for total of $700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Description: To support individual advocacy for children and youth in foster care in Baltimore County who have been abused, neglected or abandoned Class of Activity: children, food security, health Grantee's name: CaSA of Baltimore County, Inc. Amount Given: $500.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Description: To support the athletic training and mentorship, as well as endurance events to help athletes living with disabilities to live more active lifestyles and to pursue a high quality life and achievement Class of Activity: health, children and youth,peace through friendship Grantee's name: Athletes Serving Athletes Amount Given: $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Description: To provide financial support to an organization that is providng families who are facing adversity with housing, utilities and transportation in the spirit of "never giving up" when times get tough Class of Activity: health, families, economic development Grantee's name: Griffith Never give Up Foundation Amount Given: $450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16to purchase vision testing equipment for children in the Head Start program and to provide them each with a book, perhaps the first book they have owned; education,supporting; See2Learn Project: , , , ; Project we managed, we tested vision of children ages 3-5 and gave them books to keep 10/03/2019 4779. 4779. 4779.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17to support Dr. Keith Schmidt on his mission trip to Africa to provide free dental care; health care; Keith Schmidt, DDS for Africa Mission Trip: , , , ; Dr. Schmidt is a member of Rotary, we purchased equipment to enable Dr. Schmidt to provide root canal care on mission trip to Africa 02/26/2020 1284. 1284. 1284.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18to purchase food and necessities for the needy; food support; Assistance Center of Towson Churches: 116 W Pennsylvania Ave, Towson, MD, 21204; grantee, cash donation made in two parts on 12/28/19 and 5/21/20 12/28/2019 1500. 1500. 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19to support youth with special needs, to foster friendship between youth with special needs and healthy youth; supporting youth; Athletes Serving Athletes, Inc.: P. O. Box 172, Richboro, PA, 18954; grantee, cash donation 12/28/2019 500. 500. 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20to support individual advocacy for children in foster care who have been abused, neglected or abandoned; supporting youth; CaSA of Baltimore County: 305 W. Chesapeake Ave, #117, Towson, MD, 21204; grantee, cash donation 02/28/2020 500. 500. 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21One of Rotary's six lanes of service is PEACE; we do what we can to encourage understanding so that the world may know peace; education; peace; Goucher College - Peace Studies HOPE Project: 1021 Dulaney Valley Road, Baltimore, MD, 21204; grantee, cash donation 02/26/2020 1500. 1500. 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22to support this vision care project to provide life-changing eye surgeries to patients in India; health; specifically; Lions Club of Bangalore: wire transfer, West Trust, India, , ; grantee, 06/08/2020 2000. 2000. 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23to help our neighbors in need to have food security during the pandemic; food; health; Maryland Food Bank: 2200 Halethorpe Farms Road, Baltimore, MD, 21227; grantee, cash donation 05/21/2020 1000. 1000. 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24to support this school in their educational programs; education; children; The Children's Guild: 6802 McLean Blvd, Baltimore, MD, 21234; grantee, cash donation split into two payments: 2/26/20 and 6/8/2020 02/26/2020 1550. 1550. 1550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25to support this group that teaches young people to never give up to adversity; youth; The Griffith Never Give Up Foundation: 3004 Fallston Road, Fallston, MD, 21047; grantee, cash donation 10/11/2019 450. 450. 450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26to support youth and education; education; Unselds' School: 250 S. Hilton Street, Baltimore, MD, 21229; grantee, cash donation 06/08/2020 1500. 1500. 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27To support the Turkey Trot, which helps underprivileged youth to attend camp, etc.; youth; education; Y of Central Maryland: 303 W Chesapeake Avenue, Towson, MD, 21204; grantee, cash outlay 11/13/2019 1000. 1000. 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28To fund cataract, retina and glaucoma surgeries for those who cannot afford these vital surgeries in ; healthcare; specifically vision care; The Rotary Foundation, Global Grant #GG2095900 - Eye Care : Through Cataract, Retina and Glaucoma Surgeries, India, , ; affiliate organization, $6,000 cash grant; the $300 processing fee for The Rotary Foundation is included in the total 01/13/2020 1000. 1000. 6300.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29to pass some monies we were holding for our Bangladesh Vision Project to The Rotary Foundation; project supporting health, ; The Rotary Foundation: 14280 Collections Center Drive, Chicago, IL, 60693; affiliate foundation, cash outlay 12/06/2019 7413. 7413. 7413.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30To support Rotary's ongoing effort, in conjunction with the Bill and Melinda Gates Foundation and Unicef, to eradicate polio throughout the world; public ; The Rotary Foundation (Polio Plus): 14280 Collections Center Drive, Chicago, IL, 60693; affiliated foundation, cash outlay 06/08/2020 1000. 1000. 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31+; health; clean; The Rotary Foundation: 14280 Collections Center Drive, Chicago, IL, 60693; affiliate foundation, cash outlay 12/20/2019 1575. 1575. 1575.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32The Rotary Eye Rescue Project will distribute monies to Eye Banks in India to provide eye surgeries to deserving poor people who need help paying for eye surgeries; health; Rotary Club of Bombay: sent via Bank of India, Bombay, India, , ; affiliate club, cash grant sent to Bank of India via Wire Transfer 05/22/2020 8000. 8000. 8000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt33to provide some support for disaster relief after Hurricane Dorian; health; disaster relief; Disaster Aid USA: 9817 Lanham Severn Road, Lanham, MD, 20706; grantee, cash payment made in two checks ($200 and $500) totaling $700 10/03/2019 700. 700. 700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt34Bank expenses and check printing charge 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt35To adjust tax book value of Scholarship Fund investments to account for decrease in market value in FY2019 -999.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt36Prior period adjustment for Scholarship Investment Accounts at FY2018 -182.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt37Prior period adjustment for Petty Cash returned in April, 2019, erroneously accounted for as fundraising income -1400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt38Adjustment to void check #1261 prev expensed, never presented for payment 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt39Adjustment to void check #1262 prev expensed, never presented for payment 515.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt40Adjustment to General Fd balance for ck #1286 still in transit 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt41Adjustment to 6/30/2019 balance sheet in conversion to QBO -30.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42Adjustment for miscellaneous expense -80.
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ReasonableCauseExplanation/ExplanationTxt0Towsontowne Rotary Foundation, Inc. is a 501(c)(3) organization which the Rotary Club of Towsontowne set up to facilitate the collection of tax-deductible contributions to support the club's charitable projects and charitable causes. Leaders of Towsontowne Rotary Foundation, Inc. are all members of the Rotary Club of Towsontowne, and all are volunteers dedicated to serving their local and global communities. While some of the club's members work full-time, many of the club's members are in their 70's or 80's; many members of the club, and by extension, the Foundation, have been hit hard by serious, and in several cases,life-threatening health conditions in recent years, and sadly, some members have passed away. The club's membership has experienced a substantial decline, going from nearly 60 members just a few short years ago, to 20 members at present. Members have been impacted by the pandemic,causing financial issues for some, but the biggest toll on the club's membership has come from members experiencing serious health issues, job transfers, and relocation to other areas. The Foundation's and club's work has continued regardless of the membership decline; it's just meant additional challenges for the remaining hardworking volunteer members. The club and Foundation are doing tremendous work in their local community and are also leading global partners on several major global projects serving poor people in great need in other parts of the world - most recently in Bangladesh, India, Nepal, and Africa. A great deal of work is being done by a shrinking number of volunteers. All of these circumstances, compounded by the pandemic, have caused the Foundation to be delayed in filing the attached Form 990-EZ, and I am writing to ask the IRS to please excuse the Foundation's delay in recognition of the fact that this is an exceptional circumstance for this previously compliant Foundation in the midst of an exceptional year. Both the volunteer Treasuer who kept the Foundation's books for the period being examined in this return, and the volunteer Treasurer who replaced him, have been dealing with serious health conditions. The Foundation did not expect to be late in filing its Form 990-EZ until the Treasurer required surgery, and then there was a substantial delay in engaging an accountant to prepare the Form 990-EZ and getting the Foundation's books to this accountant. Upon examination of the Foundation's books,this accountant discovered that numerous revisions were required as the volunteer who had been keeping the books was unfamiliar with the software that the Foundation switched to that year. Upon further examination, it was discovered that the books were also incomplete in some areas. Consequently, time was lost while the books were organized a bit differently before an accurate Form 990-EZ return could be prepared. Every effort will be made to make sure that the Foundation files its returns in a timely manner going forward. The Foundation has engaged a professional accountant to keep the books in the future, and steps will be taken to make sure that the Form 990-EZ is prepared sooner in future years. This Foundation has previously been compliant, and it was dealing with extreme difficulties this year. Most of the monies held by the Foundation are actually restricted for specific projects. Some of the Foundation's current projects are making it possible for poor people living in underserved areas of the world to receive cornea transplant surgeries, cataract surgeries, retina surgeries, and glaucoma surgeries, all free of charge for those who are unable to pay. Additionally, the Foundation has been providing vision screening to children, ages 3-5, in the Head Start program in Baltimore, Maryland, and giving each child a book to keep; for some of these children, this is the first book that they have ever owned. During the pandemic, this Foundation provided funding toward another major project run by the club, which provided about
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ann Saar
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04108286432
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Towsontowne Rotary Foundation Inc
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ReturnHeader/Filer/EIN0522136361
ReturnHeader/Filer/PhoneNum04108286432
ReturnHeader/Filer/USAddress/AddressLine1Txt09690 Deereco Road
ReturnHeader/Filer/USAddress/CityNm0Lutherville Timonium
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TOWSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
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ReturnHeader/PreparerPersonGrp/PhoneNum04109058854
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephanie G Bigwood
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-06-25T07:26:52-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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