ROTARY CLUB OF LAKE MINNETONKA- EXCELSIOR INC

EIN: 352589100 501(c)(3) Education

EXCELSIOR, MN

Total Revenue
$395,472
Total Expenses
$340,498
Total Assets
$374,219
Net Assets
$301,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MN
Principal Officer
PAM LANGSETH
Phone
6126008582
Tax Period
2022-07-01 to 2023-06-30

ROTARY CLUB OF LAKE MINNETONKA- EXCELSIOR INC, founded in 2017, is a small nonprofit in the Education sector that reported $395K in total revenue in fiscal year 2022. Expenses of $340K left a modest 14% surplus.

Mission

ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS. OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE EXCELSIOR MORNING ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 70. OUR CLUB IS OPEN TO MEN AND WOMEN WHO EITHER DO BUSINESS OR RESIDE IN THE EXCELSIOR/MINNETONKA AREA.

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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 $208,418
Program Service Revenue $187
Investment Income $707
Other Revenue $186,160
TOTAL REVENUE $395,472

Expense Breakdown

Grants Paid $257,791
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $328,582
Other Expenses $82,707
TOTAL EXPENSES $340,498

Year-over-Year Comparison

2022 2021 Change
Revenue $395,472 $415,383 0.0%
Expenses $340,498 $306,839 +0.1%
Net Income $54,974 $108,544 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
18
Volunteers
100

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM LANGSETH PRESIDENT 10.00
Officer Director
$0 $0 $0
JAKE STURGIS PAST PRESIDE 2.00
Officer
$0 $0 $0
MARK JETER PRESIDENT EL 10.00
Officer
$0 $0 $0
KATHLEEN MALLERY TREASURER 10.00
Officer
$0 $0 $0
MITCH DAY SECRETARY 5.00
Officer
$0 $0 $0
SCOTT GERLICHER EVENTS 2.00
Director
$0 $0 $0
MAGGIE TRENARY CLUB ADMIN 5.00
Director
$0 $0 $0
MEG LOW INTERNATIONA 2.00
Director
$0 $0 $0
DAN NARR LOCAL SERVIC 2.00
Director
$0 $0 $0
LISA WAGNER MEMBERSHIP 5.00
Director
$0 $0 $0
LARRY LEMBRICH GAMING CHAIR 15.00
Director
$0 $0 $0
CARI GERLICHER YOUTH SERVIC 2.00
Director
$0 $0 $0
MATTHEW KUSILEK MARKETING 2.00
Director
$0 $0 $0
CHELSEA JONES AT LARGE 2.00
Director
$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 $395,472 $340,498 $374,219 $54,974
2022 $415,383 $306,839 $301,847 $108,544
2021 $255,081 $202,684 $138,685 $52,397
2020 $294,764 $320,375 $113,174 $-25,611
2019 $236,389 $220,280 $118,266 $16,109
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