Nonprofit · EIN 27-0594503
PRIOR LAKE ROTARY FOUNDATION
Tax-exempt · PRIOR LAKE, MN 55372
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $649,353 | $319,784 | $329,569 | $4,130,648 | $954,064 | $3,176,584 |
| December 31, 2023 | 990 (amended) | $961,221 | $340,855 | $620,366 | $3,696,269 | $935,046 | $2,761,223 |
| December 31, 2022 | 990 (amended) | $854,665 | $344,265 | $510,400 | $2,964,334 | $948,776 | $2,015,558 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $390,927
- Program service revenue
- $0
- Investment income
- $175,417
- Net gain from sales of assets
- $17,371
- Net income from fundraising events
- $83,009
- Other revenue
- $83,009
Expenses
- Grants and similar amounts paid
- $287,771
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $21,015
- Program services (functional)
- $287,771
- Management and general (functional)
- $32,013
Balance sheet and other
- Total assets, start of year
- $3,696,269
- Total assets, end of year
- $4,130,648
- Total liabilities, end of year
- $954,064
- Net assets, end of year
- $3,176,584
- Land, buildings and equipment
- $9,564
- Publicly traded securities
- $1,760,510
- Net assets without donor restrictions
- $3,176,584
- Gross receipts
- $4,036,921
- Employees
- 0
- Volunteers
- 2,000
- Year formed
- 2009
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLYS GESME | MEMBER Trustee or director | 1 | $0 |
| KYLE HAUGEN | CHAIR Trustee or director, Officer | 5 | $0 |
| PAUL HOFSLIEN | TREASURER Trustee or director, Officer | 5 | $0 |
| JOAN LOMPART | MEMBER Trustee or director | 1 | $0 |
| PAUL PEREZ | MEMBER Trustee or director | 1 | $0 |
| DAN STANLEY | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE CARD | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DOUG GESME | MEMBER Trustee or director | 1 | $0 |
| KYLE HAUGEN | MEMBER Trustee or director | 1 | $0 |
| PAUL HOFSLIEN | TREASURER Trustee or director, Officer | 5 | $0 |
| JOAN LOMPART | MEMBER Trustee or director | 1 | $0 |
| MITCH POPPLE | CHAIR Trustee or director, Officer | 5 | $0 |
| DAN STANLEY | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE CARD | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DOUG GESME | MEMBER Trustee or director | 1 | $0 |
| KYLE HAUGEN | MEMBER Trustee or director | 1 | $0 |
| PAUL HOFSLIEN | TREASURER Trustee or director, Officer | 5 | $0 |
| JOAN LOMPART | MEMBER Trustee or director | 1 | $0 |
| MITCH POPPLE | CHAIR Trustee or director, Officer | 5 | $0 |
| DAN STANLEY | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 271, PRIOR LAKE, MN 55372-0271
- Mailing address (990-N for 2010)
- PO Box271, Prior Lake MN 55372
- Principal officer (990 for 2024)
- KYLE HAUGEN
- Principal officer (990-N for 2010)
- Guy Selinske, 19040 Southfork DR, Prior Lake MN 55372
- Signed the 990
- PAUL HOFSLIEN, TREASURER
- Phone
- (651) 452-8256
- Website
- PRIORLAKEROTARY.ORG
- Return prepared by
- LETHERT SKWIRA SCHULTZ & CO LLP
Mission
OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS OF THE PRIOR LAKE AREA AND PEOPLE THROUGHOUT THE WORLD, THROUGH SERVICE, CIVIC ENGAGEMENT, AND MEANINGFUL PARTNERSHIPS.
Program accomplishments
- SUPPORT LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL CHARITABLE, ENVIRONMENTAL, HUMANITARIAN, EDUCATIONAL AND SCIENTIFIC ACTIVITIES THAT ALIGN WITH THE MISSION OF ROTARY INTERNATIONAL AND THE ROTARY FOUNDATION.Expenses $287,771 · grants $287,771
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0594503
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $4,130,648
- Income (IRS master file)
- $4,036,921
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $649,353 | $319,784 | $4,130,648 | XML |
| 990 | December 2023 | $961,221 | $340,855 | $3,696,269 | XML |
| 990 | December 2022 | $854,665 | $344,265 | $2,964,334 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2010 Officer: Guy Selinske | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0594503).
Questions about PRIOR LAKE ROTARY FOUNDATION
- What is the EIN of PRIOR LAKE ROTARY FOUNDATION?
- The employer identification number (EIN) of PRIOR LAKE ROTARY FOUNDATION is 27-0594503.
- Is PRIOR LAKE ROTARY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PRIOR LAKE ROTARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRIOR LAKE ROTARY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRIOR LAKE ROTARY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRIOR LAKE ROTARY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRIOR LAKE ROTARY FOUNDATION?
- The 990 for the year ended December 31, 2024 names KYLE HAUGEN.
- Who are the officers and directors of PRIOR LAKE ROTARY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PRIOR LAKE ROTARY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $649,353, expenses of $319,784 and total assets of $4,130,648 at year end.
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