Civic Intelligence

Alex Rovello Memorial Foundation

EIN 81-1069257 • 501(c)3 • Portland, OR

Profile

This alex rovello memorial foundation is formed under chapter 65 of the oregon revised statues (hereinafter referred to as the "oregon nonprofit corporation act") subject to the limitations stated in the articles of incorporation. The purpose of this corporation will be to engage in any lawful activities, none of which are for profit, for which corporations may be organized under the oregon nonprofit corporation act (or its corresponding future provisions). This corporation's primary purpose is for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis, all within the meaning of 501 (c) 3 of the internal revenue code of 1986, as now in effect or as may thereafter be amended (the "code") and the oregon excise tax law of 1929, as set forth in oregon revised statues 317.080.

4207 SE Woodstock Blvd 135Portland, OR 97206

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

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 2023

Asset Growth

64th percentile

6.4%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Revenue Growth

55th percentile

1.6%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Assets

Up

$264,518

Up $30,758 (+13%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Up

$53,052

Up $1,620 (+3.1%) from 2021

Expenses

Down

$16,947

Down $5,549 (-25%) from 2021

Net Income

Up

$36,105

Up $7,169 (+25%) from 2021

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $113,677Net Assets 2016: $113,6772016Assets 2017: $113,006Net Assets 2017: $113,0062017Assets 2018: $127,896Net Assets 2018: $127,8962018Assets 2019: $154,941Net Assets 2019: $154,9412019Assets 2020: $188,048Net Assets 2020: $188,0482020Assets 2021: $233,760Net Assets 2021: $233,7602021Assets 2023: $264,518Liabilities 2023: $02023

Highlighted filing

2023

Assets$264,518
Liabilities$0
Net Assets-

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $118,318Expenses 2016: $4,641Net Income 2016: $113,6772016Revenue 2017: $29,236Expenses 2017: $29,907Net Income 2017: -$6712017Revenue 2018: $53,427Expenses 2018: $37,012Net Income 2018: $16,4152018Revenue 2019: $30,669Expenses 2019: $14,904Net Income 2019: $15,7652019Revenue 2020: $39,158Expenses 2020: $14,311Net Income 2020: $24,8472020Revenue 2021: $51,432Expenses 2021: $22,496Net Income 2021: $28,9362021Revenue 2023: $53,052Expenses 2023: $16,947Net Income 2023: $36,1052023

Highlighted filing

2023

Revenue$53,052
Expenses$16,947
Net Income$36,105

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.0
Gross Receipts
$51,432
Mission and Program Overview

Mission

Preserve the alex rovello memorial court

This alex rovello memorial foundation is formed under chapter 65 of the oregon revised statues (hereinafter referred to as the "oregon nonprofit corporation act") subject to the limitations stated in the articles of incorporation. The purpose of this corporation will be to engage in any lawful activities, none of which are for profit, for which corporations may be organized under the oregon nonprofit corporation act (or its corresponding future provisions). This corporation's primary purpose is for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis, all within the meaning of 501 (c) 3 of the internal revenue code of 1986, as now in effect or as may thereafter be amended (the "code") and the oregon excise tax law of 1929, as set forth in oregon revised statues 317.080.

Program Services

DescriptionGrantsExpenses
TO PROVIDE SUPPORT FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS. AS WE HEADED INTO THE SECOND YEAR OF THE 2019 COVID PANDEMIC, WE WERE ALSO CHALLENGED BY WINTER SNOW AND ICE AND UNPRECEDENTED HEAT IN THE SUMMER. THE MASSIVE SNOW AND ICE STORM IN FEBRUARY CAUSED SIGNIFICANT DAMAGE TO MANY TREES IN BERKELEY PARK AND AREAS SURROUNDING THE COURTS. THE PARKS DEPT DID AND AMAZING JOB CLEARING THE DEBRIS, ALONG WITH REMOVING BROKEN BRANCHES LODGED IN THE TREES' CANOPIES. OVER THE PAST SIX YEARS WE HAVE HAD THESE TREES PRUNED TWICE BY ARBORISTS. THIS INTERVENTION POSSIBLY SAVED THE COURTS FROM CRITCAL DAMAGE. WE PLANTED NEW FLOWER BEDS SURROUNDING THE TENNIS COURT AND UPDATED ALL LANDSCAPING, INCLUDING A LARGE NATURAL STONE NEAR THE BYBEE ENTRANCE, THAT DOUBLES AS A BIRD FEEDER WHEN RAINWATER IS COLLECTED. ADDITIONAL PROJECTS COMPLETED THIS SPRING INCLUDED REPAIRING THE BACKBOARD, ALONG WITH HAVING THE COURTS PROFESSIONALLY POWER WASHED. THESE SPRING MAINTENANCE PROJECTS ASSURE THE GROUNDS AND COURTS WILL BE BEAUTIFUL FOR ALL TO ENJOY. AFTER 8 YEARS OF HEAVY USE THE COURTS ARE NOW DUE FOR THE RECOMMENDED RESURFACING. WE LOOK FORWARD TO COMPLETING THIS PROJECT IN THE SPRING OF 2022.-$15,918
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GERALYN ROVELLOPresidentPT$0--
JAMES ROVELLOVice PresidePT$0--
CINDY CHACESecretary-$0--
Filing and Contact Details

Filer

Filer Name
Alex Rovello Memorial Foundation
EIN
81-1069257
Phone
5035159468
Address
4207 SE WOODSTOCK BLVD 135, PORTLAND, OR 97206

Signing Officer

Name
Geralyn Rovello
Title
President
Phone
5035159468
Signed
2022-05-03
Discuss with paid preparer
Yes

Preparer

Firm
Cross Financial
Address
1500 NE IRVING ST STE 440, PORTLAND, OR 97232-4208
Preparer
Ron Harmening
Phone
5032331133
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 205 computer hardware & software 131 court maintenance 14,827 court supplies 161 direct mail expense 2,599 donation site fees 447 dues & subscriptions 204 equipment 95 event expenses 505 gifts 80 insurance 892 meals and entertainment 97 ocf fees 399 postage & shipping 206 taxes & licenses 118 total 20,966

Form 990-ez, Part I, Line 20

Changes in fund balance 16,776

Form 990-ez, Part III

This alex rovello memorial foundation is formed under chapter 65 of the oregon revised statues (hereinafter referred to as the "oregon nonprofit corporation act") subject to the limitations stated in the articles of incorporation. The purpose of this corporation will be to engage in any lawful activities, none of which are for profit, for which corporations may be organized under the oregon nonprofit corporation act (or its corresponding future provisions). This corporation's primary purpose is for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis, all within the meaning of 501 (c) 3 of the internal revenue code of 1986, as now in effect or as may thereafter be amended (the "code") and the oregon excise tax law of 1929, as set forth in oregon revised statues 317.080.

Form 990-ez, Part III, Line 28

To provide support for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis. As we headed into the second year of the 2019 covid pandemic, we were also challenged by winter snow and ice and unprecedented heat in the summer. The massive snow and ice storm in february caused significant damage to many trees in berkeley park and areas surrounding the courts. The parks dept did and amazing job clearing the debris, along with removing broken branches lodged in the trees' canopies. Over the past six years we have had these trees pruned twice by arborists. This intervention possibly saved the courts from critcal damage. We planted new flower beds surrounding the tennis court and updated all landscaping, including a large natural stone near the bybee entrance, that doubles as a bird feeder when rainwater is collected. Additional projects completed this spring included repairing the backboard, along with having the courts professionally power washed. These spring maintenance projects assure the grounds and courts will be beautiful for all to enjoy. After 8 years of heavy use the courts are now due for the recommended resurfacing. We look forward to completing this project in the spring of 2022.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 205 COMPUTER HARDWARE & SOFTWARE 131 COURT MAINTENANCE 14,827 COURT SUPPLIES 161 DIRECT MAIL EXPENSE 2,599 DONATION SITE FEES 447 DUES & SUBSCRIPTIONS 204 EQUIPMENT 95 EVENT EXPENSES 505 GIFTS 80 INSURANCE 892 MEALS AND ENTERTAINMENT 97 OCF FEES 399 POSTAGE & SHIPPING 206 TAXES & LICENSES 118 TOTAL 20,966
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGES IN FUND BALANCE 16,776
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS ALEX ROVELLO MEMORIAL FOUNDATION IS FORMED UNDER CHAPTER 65 OF THE OREGON REVISED STATUES (HEREINAFTER REFERRED TO AS THE "OREGON NONPROFIT CORPORATION ACT") SUBJECT TO THE LIMITATIONS STATED IN THE ARTICLES OF INCORPORATION. THE PURPOSE OF THIS CORPORATION WILL BE TO ENGAGE IN ANY LAWFUL ACTIVITIES, NONE OF WHICH ARE FOR PROFIT, FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT (OR ITS CORRESPONDING FUTURE PROVISIONS). THIS CORPORATION'S PRIMARY PURPOSE IS FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS, ALL WITHIN THE MEANING OF 501 (C) 3 OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY THEREAFTER BE AMENDED (THE "CODE") AND THE OREGON EXCISE TAX LAW OF 1929, AS SET FORTH IN OREGON REVISED STATUES 317.080.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE SUPPORT FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS. AS WE HEADED INTO THE SECOND YEAR OF THE 2019 COVID PANDEMIC, WE WERE ALSO CHALLENGED BY WINTER SNOW AND ICE AND UNPRECEDENTED HEAT IN THE SUMMER. THE MASSIVE SNOW AND ICE STORM IN FEBRUARY CAUSED SIGNIFICANT DAMAGE TO MANY TREES IN BERKELEY PARK AND AREAS SURROUNDING THE COURTS. THE PARKS DEPT DID AND AMAZING JOB CLEARING THE DEBRIS, ALONG WITH REMOVING BROKEN BRANCHES LODGED IN THE TREES' CANOPIES. OVER THE PAST SIX YEARS WE HAVE HAD THESE TREES PRUNED TWICE BY ARBORISTS. THIS INTERVENTION POSSIBLY SAVED THE COURTS FROM CRITCAL DAMAGE. WE PLANTED NEW FLOWER BEDS SURROUNDING THE TENNIS COURT AND UPDATED ALL LANDSCAPING, INCLUDING A LARGE NATURAL STONE NEAR THE BYBEE ENTRANCE, THAT DOUBLES AS A BIRD FEEDER WHEN RAINWATER IS COLLECTED. ADDITIONAL PROJECTS COMPLETED THIS SPRING INCLUDED REPAIRING THE BACKBOARD, ALONG WITH HAVING THE COURTS PROFESSIONALLY POWER WASHED. THESE SPRING MAINTENANCE PROJECTS ASSURE THE GROUNDS AND COURTS WILL BE BEAUTIFUL FOR ALL TO ENJOY. AFTER 8 YEARS OF HEAVY USE THE COURTS ARE NOW DUE FOR THE RECOMMENDED RESURFACING. WE LOOK FORWARD TO COMPLETING THIS PROJECT IN THE SPRING OF 2022.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
TransferPrsnlBnftContractsDecl/DeclarationDesc0(A) DID THE ORGANIZATION, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT?........NO (B) DID THE ORGANIZATION, DURING THE YEAR, PAY PREMIUMS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT?........NO
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