ROTARY CLUB OF HOMOSASSA SPRINGS CHARITABLE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

ROTARY CLUB OF HOMOSASSA SPRINGS CHARITABLE FOUNDATION INC

EIN 45-2428786 · Scholarships & Student Financial Aid (B82)

What they do

THE ROTARY CLUB of HOMOSASSA SPRINGS CHARITABLE FOUNDATION, INC (FOUNDATION) WAS FORMED to BE THE ENTITY to RAISE FUNDS to BE GIVEN to INDIVIDUALS and ORGANIZATIONS BY WAY of SCHOLARSHIPS LOCALLY for SCHOLASTIC ACHIEVEMENT, SUPPORT for SCHOLASTIC PROGRAMS, and SERVICE PROJECTS to SUPPORT THE COMMUNITY. THE MEMBERS of THE FOUNDATION MUST BE MEMBERS of THE ROTARY CLUB of HOMOSASSA SPRINGS, INC (CLUB), A FLORIDA NOT for PROFIT CORPORATION CHARTERED BY ROTARY INTERNATIONAL AS ONE of SIX ROTARY CLUBS IN CITRUS COUNTY, FLORIDA, HOWEVER FOUNDATION DIRECTORS ARE ELECTED SEPARATELY FROM CLUB DIRECTORS. THE FOUNDATION is A NEW ENTITY SO IT HAS NO PAST ACTIVITIES. IT PLANS ACTIVITIES IN CITRUS COUNTY to BE CONDUCTED BY FOUNDATION MEMBERS to RAISE MONEY IF IT is RECOGNIZED AS A 501 (C) (3) ORGANIZATION. PROPOSED ACTIVITIES INCLUDE HOSTING COOKING COMPETITIONS HIGHLIGHTING LOCAL MENU ITEMS, and OTHER FUND RAISING PROJECTS, WHERE THE FOUNDATION WOULD GET LOCAL BUSINESSES and INDIVIDUALS to SPONSOR T

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $52.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.12%of revenue went to mission work52.4% of expenses · Program services

$135.70spent for every $100 of revenueSpending was higher than revenue this year.

$5.25in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $20,647 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$57,840

Mission workProgram services$41,13371.12% of revenue52.4% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$78,487135.70% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 52.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 135.70% of revenue

2023Expense mix: 33.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 63.25% of revenue

2022Expense mix: 55.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 128.14% of revenue

2021Expense mix: 55.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 67.20% of revenue

2020Expense mix: 93.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 49.96% of revenue

2019Expense mix: 43.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 77.06% of revenue

2018Expense mix: 41.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 70.99% of revenue

2017Expense mix: 39.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 84.29% of revenue

Money in and money out

Revenue$57,840

Expenses$78,487

Annual shortfall $20,647 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$41,133 · 52.4% of expenses

See all reported dollar amounts

Revenue$57,840

Expenses$78,487

Assets$411,991

Income$57,840

Mission work (program services)$41,133

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (4)

ADDISON DIMARTINOSECRETARY

IVAN JONESTREASURER

MARYBETH NAYFIELDDIRECTOR

TOM FEENEYPRES.

About this charity

Recognized since: January 2012
Location: PO BOX 2029, HOMOSASSA SPG, FL 34447-2029
County: Citrus
In care of: % IVAN S JONES
Primary officer: IVAN JONES, TREASURER

How to reach them

Phone(352) 212-2324

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990EZ
Tax preparer: SCHLUMBERGER-JONES CPA & CO
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid