Punta Gorda Rotary Charity and Education Foundation Inc SUMMARY Mission The Punta Gorda Charity and Education Foundation, Inc. is an IRS registered 501(c)3 not-for-profit corporation that supports the efforts of The Rotary Club of Punta Gorda, as well as Rotary International, through local, state, and international humanitarian, education, and cultural exchange programs. It is supported by Club fund raisers, and by voluntary contributions from Rotarians and the friends of the Foundation who share its vision of a better world. Contact Information Primary Address 23232 ABRADE AVE PT CHARLOTTE, FL 33980-1945 Alternate Address 5401 Almar Drive Punta Gorda FL 33950 Phone 941 626-9532 Email bgamblin@aol.com Website Puntagordarotary.com General Information nprofit Organization Does Business As (DBA) Punta Gorda Rotary Foundation Tax Exempt Status Punta Gorda Rotary Charity and Education Foundation Inc Public Supported Charity Incorporation Year 1993 State Charitable Solicitations Permit Yes May 2017 State Registration Yes June 2016 1
BACKGROUND & NEEDS Impact Statement The Foundation has embraced a strategy designed to increase awareness and impact on the community. It is providing scholarships to Punta Gorda High School graduates towards their first two years of college, support of the disadvantaged need satisfaction, community initiatives, sponsors high school exchange students both inbound and outbound from the United States as well as other community need satisfaction. Needs Statement 1. Foundation, corporate and individual contributions and grants towards our annual giving cycles will increase our efforts to improve Grade Level Reading. 2. Corporate and individual sponsors for our annual Taste of Punta Gorda (tm), Testimonial Dinner and periodic fundraising events are important for us as we advance our work in the community. 3. The Punta Gorda Rotary Charity and Education Foundation is growing its endowment funds to enable us to grant larger gifts to the community each year. Gifts in any amount from $25 to $250,000 are helpful. Background Statement The Foundation was established as a means of focusing our Rotary Club's charitable giving specifically on the needs or our community and Rotary International humanitarian projects through out the world. Statement from the Board Chair Our Foundation is comprised of members of the Rotary Club of Punta Gorda, founded in 1923. Over these past decades, our membership of committed men and women have demonstrated Rotary's principals of "Service Above Self" in our community and beyond. The professional diversity of our membership has allowed our Club and Foundation to play an important role in charitable giving. Needs have never been greater. Through our fundraising efforts and the support of other committed donors, we hope to increase our impact. Statement from the CEO/Executive Director The Punta Gorda Rotary Charity and Education Foundation, Inc., is a Foundation serving the changing needs of the Greater Punta Gorda community. Commonly referred to as the Punta Gorda Rotary Foundation the Foundation operates as a tax-exempt, not-for-profit agency under the Internal Revenue Code, Section 501 (c) (3). Funds of the Foundation are used to make charitable contributions. The Foundation is a visible community force to support organizations that demonstrate commitment to service above self, help young people through scholarships, assist families in need, improve quality of life, and foster strong partnerships within the greater Punta Gorda region. The Foundation also supports Rotary International Foundation and Rotary District initiatives. The Foundation provides leadership to leverage the Foundation's resources as an expression of service to the Punta Gorda region and commitment for the Rotary Club of Punta Gorda. Governance The Foundation is governed by all volunteer Trustees who are elected by the general membership of the Rotary Club of Punta Gorda. There are no administrative costs for the Foundation. All members of the Punta Gorda Rotary Club are also members of the Foundation. Proceeds from the Annual Testimonial Dinner along with investment income and donations help support the efforts of the Foundation. 2
Recently the Foundation funded the Adult Exercise Park in Punta Gorda with outdoor adult exercise equipment and The Charlotte Local Education Foundation (CLEF). Contributions this past year were made to the Charlotte County Family YMCA, Rotary Wheelchair Foundation, Charlotte High School Project Graduation, Seminar for Tomorrow s Leaders Conference, New Operation Cooper Street, Big Brothers Big Sisters, AMI Kids Wilderness Program, Sgt. Michael Wilson Fund, Disabled Veterans Assistance Program, Rotary Camp Florida and the Rotary International Polio Plus campaign. In addition, we sponsor the Charlotte High School Career Breakfast Program and the Rotary Dictionary Project providing dictionaries to area elementary students. We are also participating with Rotary District 6960 International Projects and other notable charities. The Foundation grants scholarships to deserving local college bound students. Such scholarships are based upon academic performance, financial need and leadership. Each year the Foundation gives tuition scholarships to students attending Florida South Western State College and Charlotte Technical Center. Over 100 local high school students have received Rotary scholarships. Each year we hold a special Christmas Party for students of the Charlotte Harbor School and we provide Thanksgiving baskets to needy families. Gifts from Rotarians and others are encouraged and greatly appreciated. Through our Testimonial Dinner program we honored Joanne Helphenstene in our salute to a very worthy community citizen, who, we feel, exemplifies the Rotary motto: Service above Self. Bradford Gamblin, President Areas Served FL- Charlotte The Punta Gorda Rotary Charity and Education Foundation serves the area of Punta Gorda, and Charlotte County,Florida, 33950, addressing the basic needs, cultural. quality of life and educational needs of our surrounding community. Service Categories Primary Organization Type Secondary Organization Type Tertiary Organization Type Arts,Culture & Humanities Youth Development Philanthropy,Voluntarism & Grantmaking Foundations 3
PROGRAMS Charity and Education Description Our Rotary foundation has initiated a program of partial scholarships for senior Punta Gorda High School for their first two years of college. Over $8,000 per year is provided for the students. Budget $8,000.00 Category Program Linked to Organizational Strategy Population Served Short Term Success Long Term Success Program Success Monitoring Education, General/Other Education, General/Other Yes Adults US Adults College bound students from Punta Gorda, Florida, able to attend and continue their education. The long term success of the scholarship program has been outstanding by assisting many Punta Gorda high school graduates to attend college when they may not have been able to without the scholarships. The scholarships are awarded for two years. The scholarships are awarded based on recommendations of the Punta Gorda High School staff. Since program existence over $120000 in scholarships awarded to over 100 college students. Program success is measured by staff follow by the High School and Rotary. Virtually all scholarship students have attended the second year of college. Program Success Examples Three recent scholarship students have completed their education at a 4 year university. We are confident many more students have successfully completed advanced education in part because of the scholarships provided. Comments Program Comments by Organization This Rotary Foundation sponsors both outgoing and incoming high school students from foreign countries through the Rotary International Foundation student exchange program 4
MANAGEMENT CEO/Executive Director CEO/Executive Director CEO Email Executive Director Staff & Volunteer Statistics Full Time Staff 0 Part Time Staff 0 Staff Retention Rate % Professional Development Contractors 0 Volunteers 9 Management Reports to Board CEO/Executive Director Formal Evaluation Senior Management Formal Evaluation nmanagement Formal Evaluation Collaborations The Punta Gorda Rotary Charity and Education often collaborates with the Punta Gorda Rotary Club primarily for fund raising endeavors. Comments Management Comments by Organization An ongoing challenge is to raise funds to engage in our task of assisting our community in its many charitable endeavors. 5
GOVERNANCE Board Chair Board Chair Mr J. Bradford Gamblin Company Affiliation Bradford Associates Board Term July 2014 to June 2017 Board Chair Email bgamblin@aol.com Board Co-Chair Board Co-Chair Mr. Craig Esterly Company Affiliation SD Assets Board Term July 2014 to June 2017 Board Co-Chair Email esterly@sdasset.com Board Members Name Affiliation Status Mr. Robin Adair Community Volunteer Voting Mr Frank Bell Retired Contractor Voting Mr. Craig Esterly SD Investments Voting Mr. Randall Francis Raymond James, Inc. Voting Mr. J. Bradford Gamblin Bradford Associates Voting Mr. Goettler Goettler Business manager Voting Mr. Rex Koch Koch and Company, CPA Voting Mr. Charles Marlowe Attorney Voting Board Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 0 Caucasian 8 Hispanic/Latino 0 Native American/American Indian 0 Other 0 0 Board Demographics - Gender Male 8 Female 0 t Specified 0 Governance 6
Board Term Lengths 3 Board Term Limits 3 Board Orientation Yes Number of Full Board Meetings Annually 12 Board Meeting Attendance % 84 Board Self-Evaluation Written Board Selection Criteria Percentage of Board Making Monetary Contributions Yes 100 Percentage of Board Making In-Kind Contributions 25 Constituency Includes Client Representation Standing Committees Scholarship By-laws minating Student Affairs Audit 7
FINANCIALS Current Financial Info Fiscal Year Begins 2016 Fiscal Year Ends 2017 Projected Revenue $31,500.00 Projected Expenses $31,500.00 Total Projected Revenue includes "in-kind" contributions/ donations Endowment Value $386,000.00 Spending Policy Income plus capital appreciation Spending Policy Percentage 4 Tax Credits Capital Campaign In a Capital Campaign Campaign Goal 0 Anticipate Campaign Within Next 5 Years? Yes IRS Form 990s Form 990-N 2015 Receipt Form 990-N 2014 Receipt Form 990 2012-2013 Audit/Financial Documents Income and Expenses 2014 Income and Expenses 2013 Financials Financials Solvency Short Term Solvency Current Ratio: Current Assets/Current Liabilities -- -- -- Long Term Solvency Long-Term Liabilities/Total Assets 0% 0% 0% Historical Financial Review 8
Revenue and Expenses Total Revenue $39,056 $242,763 $237,277 Total Expenses $62,201 $29,449 $11,696 Revenue Sources Foundation and Corporation $0 $215,022 $0 Contributions Government Contributions $0 $0 $0 Federal $0 -- $0 State $0 -- $0 Local $0 -- $0 Unspecified $0 $0 $0 Individual Contributions $6,000 -- $211,367 Indirect Public Support $0 $0 $0 Earned Revenue $0 $0 $0 Investment Income, Net of Losses $10,497 $15,269 $20,497 Membership Dues $0 $0 $0 Special Events $22,559 $0 $5,413 Revenue In-Kind $0 $202,867 $0 Other $0 $12,743 $0 Expense Allocation Program Expense $62,130 $23,709 $11,625 Administration Expense $71 $5,740 $71 Fundraising Expense $0 $0 $0 Payments to Affiliates $0 -- $0 Total Revenue/Total Expenses 0.63 8.24 20.29 Program Expense/Total Expenses 100% 81% 99% Fundraising Expense/Contributed Revenue 0% 0% 0% Assets and Liabilities Total Assets $373,238 $373,291 $366,452 Current Assets $373,238 $1,945 $366,452 Long-Term Liabilities $0 $0 $0 Current Liabilities $0 $0 $0 Total Net Assets $373,238 $373,291 $366,452 Top Funding Sources Top Funding Source & Dollar Amount Fundraising $22,559 -- Contributions, gifts, grants $211,367 Second Highest Funding Source & Dollar Investment Income -- Investment Income Amount $10,497 $20,497 Third Highest Funding Source & Dollar Amount Contributions, gifts, grants $6,000 -- Fundraising $5,413 Comments Financial Comments by Organization An ongoing challenge to raise monies for charitable endeavors for our community and Rotary International humanitarian projects. These challenges are being met with income from our endowment and two major fundraisers each year. Taste of Punta Gorda (R) and Testimonial Banquet honoring an outstanding member of 9
our community. Financial Comments by Foundation Financial information taken from Federal tax return. For 2011, 2012 and 2014, financial information taken solely from unaudited compilations as the organization filed a 990-N. 10
PLANS, POLICIES & LICENSES Plans Fundraising Plan Communication Plan Strategic Plan Years Strategic Plan Considers Management Succession Plan Continuity of Operations Plan Policies Organizational Policies and Procedures Written Conflict of Interest Policy ndiscrimination Policy Directors and Officers Insurance Policy Whistle Blower Policy Document Destruction Policy Yes Government Licenses Is your organization licensed by the Government? Planning & Policies Comments Planning & Policies Comments by Organization Planning & Policies Comments by Foundation Created 01.25.2018. Copyright 2018 11