Rotary Club of Hamden Foundation Inc

EIN: 061416984 501(c)(3) Philanthropy & Grantmaking

Hamden, CT

Total Revenue
$34,161
Total Expenses
$90,300
Total Assets
$615,517
Net Assets
$615,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CT
Principal Officer
Betsy Gorman
Phone
2034982932
Tax Period
2022-07-01 to 2023-06-30

Rotary Club of Hamden Foundation Inc, founded in 1994, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $34K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $90K exceeded revenue, resulting in a 164% operating deficit.

Mission

EDUCATIONAL & CHARITABLE OPPORTUNITIES FOR ROTARIANS AND STUDENTS

Program Service Accomplishments

Program 1
Expenses: $34,051

Contribtuions to various organizations exempt from tax under IRS Code 501(c)(3) and government organizations to be used for charitable purposes.

Program 2
Expenses: $3,330

Scholarships to deserving high school and college students to help further their education.

Program 3
Expenses: $48,916

Purchase of coats for needy local children and culturally diverse books and bricks for town beautification.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $17,601
Program Service Revenue $0
Investment Income $16,560
Other Revenue $0
TOTAL REVENUE $34,161

Expense Breakdown

Grants Paid $36,830
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $86,297
Other Expenses $53,470
TOTAL EXPENSES $90,300

Year-over-Year Comparison

2022 2021 Change
Revenue $34,161 $31,543 +0.1%
Expenses $90,300 $43,257 +1.1%
Net Income $-56,139 $-11,714 +3.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Nolan Director 1.0
Director
$0 $0 $0
Paul H Begemann Director 1.0
Director
$0 $0 $0
Magdalena Alban Director 1.0
Director
$0 $0 $0
Elisabeth Gorman Director 1.0
Director
$0 $0 $0
Lee Campo Treasurer 5.0
Officer
$0 $0 $0
Mohammad Elahee President 5.0
Officer
$0 $0 $0
Lynn Campo Secretary 5.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $34,161 $90,300 $615,517 $-56,139
2022 $31,543 $43,257 $626,656 $-11,714
2021 $69,914 $42,977 $741,886 $26,937
2020 $29,191 $29,331 $623,498 $-140
2019 $46,721 $62,196 $622,749 $-15,475
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