Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Alex Rovello Memorial Foundation, established under the Oregon Nonprofit Corporation Act, is dedicated to the care and preservation of the Alex Rovello Memorial Courts at Berkeley Park and the promotion of tennis as a lifelong sport. With an operating budget of $16.9K and total revenue of $53.1K for the 2023 filing year, the foundation is supported by multiple funders, none of which contribute 50% or more of its revenue. The organization is committed to engaging in lawful activities for the public benefit, aligning with its mission to enhance community access to tennis in Oregon.

Mission Statement

THIS ALEX ROVELLO MEMORIAL FOUNDATION IS FORMED UNDER CHAPTER 65 OF THE OREGON REVISED STATUES (HEREINAFTER REFERRED TO AS THE "OREGON NONPROFIT CORPORATION ACT") SUBJECT TO THE LIMITATIONS STATED IN THE ARTICLES OF INCORPORATION. THE PURPOSE OF THIS CORPORATION WILL BE TO ENGAGE IN ANY LAWFUL ACTIVITIES, NONE OF WHICH ARE FOR PROFIT, FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT (OR ITS CORRESPONDING FUTURE PROVISIONS). THIS CORPORATION'S PRIMARY PURPOSE IS FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS, ALL WITHIN THE MEANING OF 501 (C) 3 OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY THEREAFTER BE AMENDED (THE "CODE") AND THE OREGON EXCISE TAX LAW OF 1929, AS SET FORTH IN OREGON REVISED STATUES 317.080.
Revenues
$53.1K
Expenses
$16.9K
Net Income:
+$36.1K
Assets
$264.5K
Liabilities
N/A
Net Assets:
N/A
Operating Budget
$16.9K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5K
Largest grant received
$5K
G
Geralyn Rovello
Board Member
C
Cindy Chace
Board Member
J
James Rovello
Employee

Frequently Asked Questions

What is ALEX ROVELLO MEMORIAL FOUNDATION’s budget?
In 2023, ALEX ROVELLO MEMORIAL FOUNDATION reported an annual operating budget of around $17 thousand. More detailed financial information is available to registered users.
What causes does ALEX ROVELLO MEMORIAL FOUNDATION support?
ALEX ROVELLO MEMORIAL FOUNDATION supports work in Foundations.
Where does ALEX ROVELLO MEMORIAL FOUNDATION operate?
ALEX ROVELLO MEMORIAL FOUNDATION is headquartered in Portland, OR.
Who funded ALEX ROVELLO MEMORIAL FOUNDATION recently?
In 2024, ALEX ROVELLO MEMORIAL FOUNDATION received grants from THE KINSMAN FOUNDATION, THE KINSMAN FOUNDATION, and THE KINSMAN FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ALEX ROVELLO MEMORIAL FOUNDATION received in 2024?
The largest grant to ALEX ROVELLO MEMORIAL FOUNDATION in 2024 exceeds $5,000.