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Salinas California Form 990 or 990-EZ - Schedule N: What You Should Know

EZ (filed on Nov. 30, 2017) 路 73,721.65 ; 2023 路 990EZ (filed on Dec. 3, 2016) 路 63,200 ; 2023 路 990EZ (filed on Nov. 30, 2014) 路 52,000 ; 2023 路 990EZ (filed on Nov. 17, 2013) 路 49,000 ; 2012 Salinas Rotary Club Charitable Fund 鈥 IRS Schedule N-G 2018 1. NAME OF ORGANIZATION: SALINAS ROTARY CLUB CHARITABLE FUND. 2. SHAREHOLDERS: The Company has a single class of membership interests; consisting of a membership base consisting of 50 members and individual memberships. The Company generally does not issue a dividend. A majority of its stock is owned by its memberships. No members, directors, or officers are currently serving as members. In 2017, there was only one shareholder, the sole member of the board of directors, who serves as sole director and sole member of the annual meeting. A minority interest of the Company's stock and interests held by its members or other persons are held in trust for the benefit of the members. The benefits that may accrue to the members and holders of the members' interests in the Members' Trust or Members' Benefit Trust are specified in the Members' Trust Agreement. 3. CURRENT TAX STRUCTURE AND BASIS OF ASSETS: The present value of the assets of the Company and those of the Members' Trust as of June 30, 2018, was 1,099,300,000, based upon the closing price of the Company's Common Stock of 35.07 on that date. 4. CURRENT YEAR RESULTS: During the fiscal year ended June 30, 2018: (A) income taxes have been reduced through amortization of deferred income taxes and reductions in deferred income tax assets as a result of the resolution of significant tax audits. (B) the Members' Trust will be converted into the United States Federal Employees Retirement System (鈥淔EES鈥) account with a stated value of 30,000,000, and all contributions will be made to the FEES account.

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