LOS GATOS ROTARY SCHOLARSHIP FUND: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LOS GATOS ROTARY SCHOLARSHIP FUND (EIN 77-0508944)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-15
- IRS object ID
- 202641359349315619
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-15T17:45:47-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952302617 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 160 W SANTA CLARA ST STE 600 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770508944 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOS GATOS ROTARY SCHOLARSHIP FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOSG | BusinessNameControlTxt |
| Phone | 4083851210 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1018 | AddressLine1Txt |
| City | LOS GATOS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95031 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL SNYDER | PersonNm |
| Person Title | ASSISTANT TREASURER | PersonTitleTxt |
| Phone | 4087726394 | PhoneNum |
| Signature | 2026-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEROME BELLOTTI | PreparerPersonNm |
| PTIN | P00846805 | PTIN |
| Phone | 4082943924 | PhoneNum |
| Preparation | 2026-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RAMON WARE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POBOX 1018 | AddressLine1Txt |
| City | LOS GATOS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95031 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $124,009 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1998 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | ORGANIZATION GRANTS COLLEGE SCHOLARSHIPS TO DESERVING HIGH SCHOOL STUDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 153 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $67,865 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,775 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $165,560 | PYInvestmentIncomeAmt |
| CY Investment Income | $93,870 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $76 | CYOtherRevenueAmt |
| PY Total Revenue | $233,425 | PYTotalRevenueAmt |
| CY Total Revenue | $98,721 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $50,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $50,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,327 | PYOtherExpensesAmt |
| CY Other Expenses | $3,568 | CYOtherExpensesAmt |
| PY Total Expenses | $51,327 | PYTotalExpensesAmt |
| CY Total Expenses | $53,568 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $182,098 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $45,153 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,097,287 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,140,946 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,097,287 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,140,946 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ENDOWMENT TO PROVIDE COLLEGE SCHOLARSHIPS TO LOS GATOS AND SAN JOSE YOUTH. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $50,000 | ExpenseAmt |
| Grant | $50,000 | GrantAmt |
| Desc | COLLEGE SCHOLARSHIPS ARE GIVEN TO DESERVING HIGH SCHOOL STUDENTS. | Desc |
| Total Program Service Expenses | $50,000 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL SNYDER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4083151210 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1018 | AddressLine1Txt |
| City | LOS GATOS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95031 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| JOHN COLWELL | ||||||
| DIRECTOR/SECRETARY | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JEFFREY BARNETT | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| RAMON WARE | ||||||
| DIRECTOR/TREASURER | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| HENRY VITKOVICH | ||||||
| DIRECTOR/CHAIRMAN | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SKIP BREWSTER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $4,775 | AllOtherContributionsAmt |
| Total Contributions | $4,775 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,887 | TotalRevenueColumnAmt |
| Exclusion | $57,887 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $61,271 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,288 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,983 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,983 | TotalRevenueColumnAmt |
| Exclusion | $35,983 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $76 | TotalRevenueColumnAmt |
| Exclusion | $76 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $76 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,721 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $93,946 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,000 | TotalAmt |
| Program Services | $50,000 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,488 | TotalAmt |
| Management And General | $3,488 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC. EXPENSE | Desc |
| Total | $80 | TotalAmt |
| Management And General | $80 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,568 | TotalAmt |
| Program Services | $50,000 | ProgramServicesAmt |
| Management And General | $3,568 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $267,645 | BOYAmt |
| EOY | $138,810 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,829,642 | BOYAmt |
| EOY | $2,002,136 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,097,287 | BOYAmt |
| EOY | $2,140,946 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,097,287 | BOYAmt |
| EOY | $2,140,946 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,097,287 | BOYAmt |
| EOY | $2,140,946 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,097,287 | BOYAmt |
| EOY | $2,140,946 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $45,153 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,494 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $61,273 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,080 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $67,865 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,775 | CurrentTaxYearAmt |
| Total | $139,993 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $61,273 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,080 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $67,865 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,775 | CurrentTaxYearAmt |
| Total | $139,993 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $41,324 | SubstantialContributorsTotAmt |
| Public Support Total170 | $98,669 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $121,738 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $48,173 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $50,991 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $52,691 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $93,870 | CurrentTaxYearAmt |
| Total | $367,463 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $507,456 | TotalSupportAmt |
| Public Support CY170 | 0.19440 | PublicSupportCY170Pct |
| Public Support PY170 | 0.21210 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST: | FormAndLineReferenceDesc |
| Explanation | BACKGROUND LOS GATOS ROTARY SCHOLARSHIP FUND IS A NONPROFIT ORGANIZATION DESCRIBED UNDER SECTION [501(C)(3)] OF THE INTERNAL REVENUE CODE, ESTABLISHED FOR THE PURPOSE OF CHARITY. THE ORGANIZATION CONDUCTS ITS ACTIVITIES PRIMARILY THROUGH THE SCHOLARSHIP PROGRAM. SOURCES OF FINANCIAL SUPPORT DURING THE ABOVE-REFERENCED TAX YEAR(S), A SUBSTANTIAL PORTION OF THE ORGANIZATION'S TOTAL REVENUE WAS DERIVED FROM INVESTMENT INCOME, INCLUDING BUT NOT LIMITED TO DIVIDENDS, INTEREST, AND REALIZED/UNREALIZED GAINS FROM A DIVERSIFIED PORTFOLIO OF ASSETS HELD BY THE ORGANIZATION. THIS CONCENTRATION OF INVESTMENT INCOME IS ATTRIBUTABLE TO THE ORGANIZATION'S ENDOWMENT AND RESERVE FUNDS, WHICH HAVE BEEN ACCUMULATED OVER TIME THROUGH PRIOR CONTRIBUTIONS, BEQUESTS, AND PRUDENT FINANCIAL MANAGEMENT. THESE FUNDS ARE ACTIVELY MANAGED TO ENSURE LONG-TERM SUSTAINABILITY AND TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. REASON FOR INVESTMENT INCOME CONCENTRATION THE ORGANIZATION'S RELIANCE ON INVESTMENT INCOME IS THE RESULT OF SEVERAL FACTORS, INCLUDING: STRATEGIC FINANCIAL STEWARDSHIP: THE ORGANIZATION MAINTAINS AN INVESTMENT PORTFOLIO TO ENSURE A STABLE AND PREDICTABLE FUNDING BASE FOR ITS PROGRAMS, PARTICULARLY DURING PERIODS WHEN CONTRIBUTIONS OR GRANTS MAY FLUCTUATE. ENDOWMENT-BASED MODEL: A SIGNIFICANT PORTION OF THE ORGANIZATION'S ASSETS CONSISTS OF DONOR-RESTRICTED OR BOARD-DESIGNATED ENDOWMENT FUNDS INTENDED TO GENERATE ONGOING INCOME. TIMING OF CONTRIBUTIONS: CONTRIBUTIONS AND GRANTS MAY VARY YEAR-TO-YEAR, RESULTING IN PERIODS WHERE INVESTMENT INCOME REPRESENTS A LARGER PERCENTAGE OF TOTAL SUPPORT. MARKET PERFORMANCE: FAVORABLE INVESTMENT RETURNS DURING THE YEAR INCREASED THE RELATIVE PROPORTION OF INCOME DERIVED FROM INVESTMENTS. ONGOING PUBLIC SUPPORT AND ACTIVITIES DESPITE THE HIGHER PROPORTION OF INVESTMENT INCOME IN THE APPLICABLE YEAR(S), THE ORGANIZATION: CONTINUES TO ACTIVELY SOLICIT AND RECEIVE CONTRIBUTIONS FROM THE GENERAL PUBLIC, GOVERNMENTAL ENTITIES, AND OTHER CHARITABLE ORGANIZATIONS. MAINTAINS ONGOING PROGRAMMATIC ACTIVITIES THAT DIRECTLY FURTHER ITS EXEMPT PURPOSES. ENGAGES IN FUNDRAISING EFFORTS AND OUTREACH INITIATIVES DESIGNED TO BROADEN ITS BASE OF PUBLIC SUPPORT. OPERATES IN A MANNER CONSISTENT WITH ORGANIZATIONS THAT ARE PUBLICLY SUPPORTED, WITH GOVERNANCE AND PROGRAMS ALIGNED TO SERVE PUBLIC RATHER THAN PRIVATE INTERESTS. CONCLUSION THE ORGANIZATION'S LEVEL OF INVESTMENT INCOME DURING THE REFERENCED PERIOD REFLECTS TEMPORARY FINANCIAL CONDITIONS AND PRUDENT ASSET MANAGEMENT, RATHER THAN A SHIFT IN ITS FUNDAMENTAL CHARACTER OR OPERATIONAL MODEL. THE ORGANIZATION REMAINS COMMITTED TO CARRYING OUT ITS EXEMPT PURPOSES AND MAINTAINING A BROAD BASE OF PUBLIC SUPPORT OVER TIME. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,829,642 | BeginningYearBalanceAmt |
| Contributions | $133,606 | ContributionsAmt |
| Investment Earnings Or Losses | $92,376 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $50,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $3,488 | AdministrativeExpensesAmt |
| End Year Balance | $2,002,136 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,041,329 | BeginningYearBalanceAmt |
| Contributions | $67,865 | ContributionsAmt |
| Investment Earnings Or Losses | $770,448 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $50,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,829,642 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,001,492 | BeginningYearBalanceAmt |
| Contributions | $6,080 | ContributionsAmt |
| Investment Earnings Or Losses | $52,424 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $44,500 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $3,075 | AdministrativeExpensesAmt |
| End Year Balance | $1,041,329 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $943,232 | BeginningYearBalanceAmt |
| Contributions | $61,273 | ContributionsAmt |
| Investment Earnings Or Losses | $47,762 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $46,250 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $4,525 | AdministrativeExpensesAmt |
| End Year Balance | $1,001,492 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $863,370 | BeginningYearBalanceAmt |
| Contributions | $8,036 | ContributionsAmt |
| Investment Earnings Or Losses | $121,738 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $47,500 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $2,412 | AdministrativeExpensesAmt |
| End Year Balance | $943,232 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | VARIOUS CASH GRANTS TOTALLING LESS THAN $5,000 EACH. | GrantTypeTxt |
| Recipient | 10 | RecipientCnt |
| Cash Grant | $50,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS FOLLOWING THE PROCEDURE BY LAW: A PARTY ELIGIBLE FOR A SCHOLARSHIP GRANT IS ANY PERSON (A) WHO IS OR HAS BEEN REGULARLY ENROLLED AS A FULL-TIME STUDENT AS A HIGH SCHOOL WITHIN THE LOCALE OF LOS GATOS, OR (B) WHO RESIDES IN THE LOS GATOS AREA AND ATTENDS OR HAS ATTENDED HIGH SCHOOL OUTSIDE THE LOCALE OF LOS GATOS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | TREASURER REVIEWS DOCUMENTS AND THEN PROVIDES TO THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL DOCUMENTS ARE AVILABLE UPON WRITTEN REQUEST. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|
| ROTARY INTERNATIONAL LOS GATOS | |||||||||
| PO BOX 1018 | LOS GATOS | CA | 95031 | 946077344 | TO ENCOURAGE AND FOSTER THE IDEAL OF SERVICE AS A BASIS OF WORTHY ENTERPRISE | CA | 501(C)(4) | 0 | |
| LOS GATOS ROTARY CHARITIES FOUNDATION | |||||||||
| PO BOX 1018 | LOS GATOS | CA | 95031 | 770198926 | TO SECURE DONATIONS FOR OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE | CA | 501(C)(3) | 0 | LINE 7 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |