Civic Intelligence

Seattle Rotary Service Foundation

990 • Fiscal year 2019 • EIN 91-0612120

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

23rd percentile

-3.8%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,222,688

Down $48,699 (-3.8%) from 2018

Net Assets

Down

$1,222,688

Down $48,699 (-3.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$435,546

Up $46,282 (+12%) from 2018

Expenses

Up

$510,067

Up $217,175 (+74%) from 2018

Net Income

Down

-$74,521

Down $170,893 (-177%) from 2018

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

2019

Assets$1,222,688
Liabilities$0
Net Assets$1,222,688

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

2019

Revenue$435,546
Expenses$510,067
Net Income-$74,521
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.1
Gross Receipts
$440,138
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).

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 mainly by members of the Rotary Club of Seattle (Seattle #4).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$510,918$520,575▲ $9,657
Investments Other Securities$366,265$355,330▼ $10,935
Cash and Non-Interest-Bearing Accounts$216,101$168,680▼ $47,421
Savings and Temporary Cash Investments-$0-
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$1,271,387$1,222,688▼ $48,699
Other Assets Total$178,103$178,103→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$600,907$583,752▼ $17,155
Permanently Rstr Net Assets$349,270$338,272▼ $10,998
Temporarily Rstr Net Assets$321,210$300,664▼ $20,546
Total Net Assets Fund Balance$1,271,387$1,222,688▼ $48,699
Total Liabilities and Net Assets / Fund Balance$1,271,387$1,222,688▼ $48,699

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$178,103--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$363,791$310▲ $7,930-$355,330
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Candy J LeeFinance Chair
Kathy WilliamsPast President
Jeffrey BorekPresident
Trish BostromVice President
Cynthia ChirotTrustee
George TwissTrustee
Jeanne ThompsonTrustee
Jeff PritchardTrustee
Lauren DominoTrustee
Lynn LindsayTrustee
Michael TroyerTrustee
Nancy CahillTrustee
Trent MummeryTrustee
Virginia McKenzieTrustee
Tom MesarosSecretary
Neil LarsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$423,465
Program Service Revenue
$0
Investment Income
$12,081
Other Revenue
$0
All Other Contributions
$423,465
Change in Net Assets
$-74,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$461,023
Other Expenses$49,044
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$241,814--$241,814
Foreign Grants$178,909--$178,909
Grants to Domestic Individuals$40,300--$40,300
Fees for Services Management-$20,330-$20,330
Fees for Service Investment Mgmnt Fees-$8,753-$8,753
Fees for Services Accounting-$8,056-$8,056
Other Expenses-$5,537-$5,537
Conferences and Meetings-$3,936-$3,936
Office Expenses-$1,266-$1,266
Information Technology-$1,166-$1,166
Total Functional Expenses$461,023$49,044$0$510,067
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Childrens Hospital FoundationSeattle, WA501(c)(3)Pediatric Training, Kenya$33,100
Rotary Boys & Girls ClubSeattle, WA501(c)(3)General Support$22,440
Seattle Against SlaverySeattle, WA501(c)(3)General Support$16,500
Rotary First HarvestSeattle, WA501(c)(3)Food Bank Assistance$15,000
UW FoundationSeattle, WA501(c)(3)Scholarships and Mentoring$10,960
The Rotary FoundationEvanston, IL501(c)(3)Water/Sanitation, MBBI Prg$10,250
Sammamish Rotary FoundationSammamish, WA501(c)(3)Clean Water Project$10,000
Bhutan FoundationWashington, DC501(c)(3)Braille for visually impaired youth$8,500
Bellevue Rotary FoundationBellevue, WA501(c)(3)Senegal Comm Water & Food Project$7,500
SIDR FoundationMercer Island, WA501(c)(3)Dictionaries for low income youth$6,000
Nature BridgeSeattle, WA501(c)(3)Scientific Equipment Purchase$5,709

International Summary

Spending
$178,909

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmakingn/a00$178,909
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 will be emailed to the full Board prior to filing with the IRS, and all Trustees must approve.

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
Treasurer
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Borek
Formed
1968
Legal Domicile
Wa
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
400

Preparer

Firm
Jones & Associates PLLC CPAS
Address
17544 Midvale Ave N Ste 100, Shoreline, WA 98133
Preparer
Jennifer Haddon CPA
Phone
2065255261
Supplemental Narrative

Additional Explanations

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

Other program services 4:

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/ProgSrvcAccomActy2Grp/Desc0Rotary Club of Soroti: Funding to Rotary Club of Soroti supported a number of programs: 1) Katakwi Rotary Malaria Project - Phase Two: This project is designed to maintain the dramatic reduction in malaria morbidity and mortality acheived in phase one and drive those measures towards zero. It will directly benefit 50,000 people in Katakwi District of NE Uganda. 2) Bondeko Refugee Livelihood Center - This center addresses the gap between learning English and becoming trained in livelihoods through providing Livelihoods Program run by refugees themselves, where refugees can learn skills in their own native language, as well as learn English, and find a community to develop social networks within and beyond.
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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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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