Bloomington Rotary Club Foundation

Nonprofit profile at a glance

EIN
411649217
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Bloomington, MN, USA
Phone
9522392331
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$89,340
Expenses
$151,767
Assets
$425,386
Liabilities
$14,250

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • KARYN ARAZI (PRESIDENT)

People named in this filing

  • KARYN ARAZI (PRESIDENT)
  • JIM CASSERLY (SECRETARY)
  • ERIC MELBYE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Supports charitable organizations in bloomington, Minnesota and surrounding area. Focus is on youth, education and basic needs of individuals.

What it reported doing in 2024

Amounts donated to charities and other exempt organizations: aavishkaar USA- $2,000; artistry -$2,000; bloomington public schools- $2,000; bloomington symphony orchestra- $1,000 cornerstone - $1,500; education foundation of bloomington -$3,000; int'l village clinic - $4,000; normandale community college foundation -$2,000; oasis for youth -$2,000; veap -$4,154. Special education donations: normandale comm college found- $25,000; hennepin technical college- $25,000; education foundation of bloomington- $61,000.

Operating model

Revenue model
Investment-supported. 64% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 74
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 3rd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -69.9%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 2.8; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 32.5% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $152K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.