Civic Intelligence

Seattle Rotary Service Foundation

990 • Fiscal year 2018 • EIN 91-0612120

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 02, 2019

1326 5th AvenueSeattle, WA 98101

(206) 623-0023

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,271,387

Up $142,985 (+13%) from 2017

Net Assets

Up

$1,271,387

Up $185,176 (+17%) from 2017

Liabilities

Down

$0

Down $42,191 (-100%) from 2017

Revenue

Up

$389,264

Up $79,962 (+26%) from 2017

Expenses

Up

$292,892

Up $7,751 (+2.7%) from 2017

Net Income

Up

$96,372

Up $72,211 (+299%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,175,172Liabilities 2011: $40,541Net Assets 2011: $1,134,6312011Assets 2012: $1,256,076Liabilities 2012: $35,425Net Assets 2012: $1,220,6512012Assets 2013: $1,309,577Liabilities 2013: $77,630Net Assets 2013: $1,231,9472013Assets 2014: $1,153,453Liabilities 2014: $26,138Net Assets 2014: $1,127,3152014Assets 2015: $1,124,643Liabilities 2015: $60,079Net Assets 2015: $1,064,5642015Assets 2016: $1,158,912Liabilities 2016: $163,744Net Assets 2016: $995,1682016Assets 2017: $1,128,402Liabilities 2017: $42,191Net Assets 2017: $1,086,2112017Assets 2018: $1,271,387Liabilities 2018: $0Net Assets 2018: $1,271,3872018Assets 2019: $1,222,688Liabilities 2019: $0Net Assets 2019: $1,222,6882019Assets 2020: $1,354,236Liabilities 2020: $0Net Assets 2020: $1,354,2362020Assets 2021: $1,574,185Liabilities 2021: $0Net Assets 2021: $1,574,1852021Assets 2022: $1,712,822Liabilities 2022: $0Net Assets 2022: $1,712,8222022Assets 2023: $1,889,904Liabilities 2023: $0Net Assets 2023: $1,889,9042023Assets 2024: $2,125,421Liabilities 2024: $0Net Assets 2024: $2,125,4212024Assets 2025: $2,491,333Liabilities 2025: $0Net Assets 2025: $2,491,3332025

Highlighted filing

2018

Assets$1,271,387
Liabilities$0
Net Assets$1,271,387

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $403,814Expenses 2011: $272,111Net Income 2011: $131,7032011Expenses 2012: $363,3082012Expenses 2013: $366,8272013Revenue 2014: $333,597Expenses 2014: $483,233Net Income 2014: -$149,6362014Revenue 2015: $345,997Expenses 2015: $375,017Net Income 2015: -$29,0202015Revenue 2016: $326,774Expenses 2016: $365,946Net Income 2016: -$39,1722016Revenue 2017: $309,302Expenses 2017: $285,141Net Income 2017: $24,1612017Revenue 2018: $389,264Expenses 2018: $292,892Net Income 2018: $96,3722018Revenue 2019: $435,546Expenses 2019: $510,067Net Income 2019: -$74,5212019Revenue 2020: $687,293Expenses 2020: $542,030Net Income 2020: $145,2632020Revenue 2021: $761,397Expenses 2021: $795,211Net Income 2021: -$33,8142021Revenue 2022: $798,230Expenses 2022: $386,799Net Income 2022: $411,4312022Revenue 2023: $572,982Expenses 2023: $499,758Net Income 2023: $73,2242023Revenue 2024: $460,976Expenses 2024: $375,114Net Income 2024: $85,8622024Revenue 2025: $498,040Expenses 2025: $304,713Net Income 2025: $193,3272025

Highlighted filing

2018

Revenue$389,264
Expenses$292,892
Net Income$96,372
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 2, 2019
Return Version
2017v2.2
Gross Receipts
$389,264
Mission and Program Overview

Mission

The mission of the Seattle Rotary Service Foundation is to accomplish the greatest good possible in the lives of those we help with funds provided by members of the Rotary Club of Seattle (Seattle #4).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$328,784$510,918▲ $182,134
Investments Other Securities$365,478$366,265▲ $787
Cash and Non-Interest-Bearing Accounts$172,107$216,101▲ $43,994
Savings and Temporary Cash Investments$83,930$0▼ $83,930
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,128,402$1,271,387▲ $142,985
Other Assets Total$178,103$178,103→ $0
Liabilities
Grants Payable$39,010--
Accounts Payable and Accrued Expenses$3,181--
Total Liabilities$42,191$0▼ $42,191
Net Assets / Fund Balance
Unrestricted Net Assets$516,112$600,907▲ $84,795
Permanently Rstr Net Assets$353,250$349,270▼ $3,980
Temporarily Rstr Net Assets$216,849$321,210▲ $104,361
Total Net Assets Fund Balance$1,086,211$1,271,387▲ $185,176
Total Liabilities and Net Assets / Fund Balance$1,128,402$1,271,387▲ $142,985

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$178,103--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$370,495$1,020▲ $30,991-$363,791
2016$342,685-▲ $50,654-$370,495
2015$381,358-▼ $5,930-$342,685
2014$392,515$2,000▲ $6,893-$381,358
2013$353,543-▲ $58,997-$392,515
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael TroyerCampaign Chair
Candy J LeeFinance Chair
Burr StewartGrants Chair
Cindy RungerPast President
Kathy WilliamsPresident
Jeff BorekVice President
Gerry AdamsTrustee
Jan CurleyTrustee
Jeanne ThompsonTrustee
Jerilyn BrusseauTrustee
Lauren DominoTrustee
Lynn LindsayTrustee
Tom MesarosTrustee
Trish BostromTrustee
Sue RoeSecretary
Sandy KempTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$376,848
Program Service Revenue
$0
Investment Income
$12,416
Other Revenue
$0
All Other Contributions
$376,848
Change in Net Assets
$96,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$244,862
Other Expenses$48,030
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$221,363--$221,363
Fees for Services Management-$25,431-$25,431
Grants to Domestic Individuals$23,499--$23,499
Fees for Service Investment Mgmnt Fees-$9,716-$9,716
Other Expenses-$7,011-$7,011
Fees for Services Accounting-$3,447-$3,447
Conferences and Meetings-$2,425-$2,425
Total Functional Expenses$244,862$48,030$0$292,892
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rotary Boys & Girls ClubSeattle, WA501(c)3Club Support; Hurricane Relief$77,430
Stove Team InternationalEugene, OR501(c)3Ecocina Stove Retrofit$21,000
Rotary First HarvestSeattle, WA501(c)3Food Bank Assistance$15,000
Global Fdn for ChildrenSeattle, WA501(c)3Global Care for Children$10,000
Plymouth Housing GroupSeattle, WA501(c)3Furniture$10,000
Vashon Rotary FoundationVashon, WA501(c)3Drop of Milk - Global Grant$7,500
Evergreen Treatment ServicesSeattle, WA501(c)3Opiod Treatment - Defibulators$6,989
Rotary Club of SeattleSeattle, WA501(c)3Winners for Life Reception$6,874
Rotary Club of BurienBurien, WA501(c)3Arsenic Mitigation in India$6,000
The Rotary FoundationEvanston, IL501(c)3ALDEA Water and Santitation$5,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

All members of the Rotary Club of Seattle are members of the Foundation.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The members of the Foundation elect the Board of Trustees.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The Board of Trustees can alter, amend or repeal the bylaws of the Foundation, at which time the members of the Foundation are notified in writing of such change. The members may approve or rescind the Board's actions with respect to the bylaws by way of a membership vote. The vote supersedes and takes precedence over any action of the Board of Trustees in making changes to the bylaws.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

The draft 990 is reviewed by the full Board of Trustees prior to filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Trustees and Officers of the Foundation are asked annually if they have any conflicts of interest. If there is a conflict, the Trustee is immediately asked not to take part in the decision.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Foundation makes its governing documents available to its members through its website. Financial statements, conflict of interest and other policies are made available to members and the public upon request.

Filing and Contact Details

Filer

Filer Name
Seattle Rotary Service Foundation
EIN
91-0612120
Phone
2066230023
Address
1326 5th Avenue, Seattle, WA 98101

Signing Officer

Name
Neil Larson
Title
Current Treasurer
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Borek
Formed
1968
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
400

Preparer

Firm
Jones & Associates PLLC CPAS
Address
1701 NE 104th Street, Seattle, WA 98125-7646
Preparer
Judy C Jones CPA
Phone
2065255170
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Save Silent World: SRSF provided a $10,000 grant to Save the Silent World an organization that is helping Mongolia establish a newborn hearing screening program and build professional expertise in pediatric audiology and earl intervention services for babies and children identified with hearing loss so that they can learn to listen and talk. The project will benefit 6,500 families in the first 5 years of full implementation. The grant provides support for project supplies and equipment, professional training, and building public awareness. OTHER PROGRAM SERVICES 5: Other: Other programs are Plymoth Housing Group Common Room Furniture, Drop of Milk, Ecocina Stove Retrofit, Arsenic Mitigation, Evergreen Opiod Treatment, Dictionaries for Students, Hurricane Harvey Relief, Bullying Prevention, Instrument Purchases, Dance Residencies, Sammamish Valley Student Farm, Water and Sanitation, Kenyan Peacebuilding, Scholarships for Guatemalians, Scientific Equipment Purchases, Frye Art Museum's Creative Aging Program, Pike Place Market Community Safety Net, Guatemalan School Infrastructure, Youth for United, Rotary Lunch for Business Mentor Program, Training Village Priests and Community Health, Tiny Houses, Mock Trial, Rotary Beds for Homeless, Mentoring Next-Generation Community Leaders and Peace Builders.

Other Changes In Net Assets Or Fund Balances - Other Increases

Change from Accrual to Cash = $42192

Form 990, Part XII, Line 1 - Explanation of Change in Basis

Seattle Rotary Service Foundation changed its method of accounting from accrual to cash basis in the current year. This resulted in an adjustment related to prior year grant liabilities.

Financial Statement Notes

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

To support the Rotary Boys and Girls Club and to support Foundation operations.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Finance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Grants Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Campaign Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
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IRS990/MissionDesc0The mission of the Seattle Rotary Service Foundation is to accomplish the greatest good possible in the lives of those we help with funds provided by members of the Rotary Club of Seattle (Seattle #4).
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IRS990/ProgSrvcAccomActy2Grp/Desc0Rotary Boys and Girls Club: Funding to the Rotary Boys and girls club supported a number of programs: 1) supplies for a volunteer maintenance day; 2) R.E.A.P. scholarships for two graduating high school seniors that have demonstrated dedication to academic success, show financial need, and plan to pursue higher education; 3) funding to purchase new back-to-school backpacks and school supplies for 100+ Rotary Boys and Girls kids who are particularly low-income; 4) funding to underwrite healthy snacks on-site for the youth throughout the year; 5) underwriting for the Executive Director to participate in Rotary events.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt077430
IRS990/ProgSrvcAccomActy3Grp/Desc0Winners for Life Scholarships: Scholarships of $2,500 were awarded to local high school students that have overcome significant personal, family and/or life hurdles to succeed in school and who have a strong demonstrated need for financial support. These scholarships helped make higher education a possibility for talented students who might not have otherwise had a chance.
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01020
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt033074
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0342685
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt028373
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt05640
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0392515
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.50$0.30$0.19
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.46$0.38$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.57$0.50$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.80$0.39$0.41
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.76$0.80$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.69$0.54$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.44$0.51$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.39$0.29$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.13$0.04$1.09$0.31$0.29$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.16$1.00$0.33$0.37$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.06$1.06$0.35$0.38$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.03$1.13$0.33$0.48$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.08$1.23$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.04$1.22$0.36
2011Summary only. Only limited summary data is available for this year.$1.18$0.04$1.13$0.40$0.27$0.13