Community Foundations Inc
- Assets
- $76.8m
- Revenue
- $6.0m
- Investments
- $2.9m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 04/1987
- Data as of
- 12/2020
- EIN
- 31-1197385
Organization Overview
Community Foundations Inc is located in Columbus, OH. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundations Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Community Foundations Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $5.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Foundations Inc has awarded 1,452 individual grants totaling $26,446,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THIS FOUNDATION ASSISTS OTHERS IN IMPROVING THE COMMUNITY FOR THE BENEFIT OF ALL ITS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING PHILANTHROPY
EDUCATION
URBAN AFFAIRS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott G Heitkamp CPA Vice President & CFO | Officer | 1 | $0 |
Amy Vick Vice President - Communica | Officer | 1 | $0 |
Gregg Oosterbaan Vice President - Informati | Officer | 1 | $0 |
Tamara J Durrence Vice President - Supportin | Officer | 1 | $0 |
Douglas F Kridler President & CEO | Officer | 1 | $0 |
Angela G Parsons Vice President Of Dsd | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,925,601 |
| Noncash contributions included in lines 1a–1f | $136,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,601 |
| Total Program Service Revenue | $0 |
| Investment income | $1,343,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,769,097 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,037,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,494,921 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $386,442 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $196,733 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $255 |
| Total functional expenses | $5,078,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,435,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $67,440,398 |
| Investments—other securities | $2,862,506 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,753,094 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $701,774 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $701,774 |
| Net assets without donor restrictions | $76,051,320 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $76,753,094 |
Grants Awarded
Over the last fiscal year, Community Foundations Inc has awarded $5,762,706 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
Circleville, OH PURPOSE: ADVANCING PHILANTHROPY | $3,001,055 |
Spring Valley, OH PURPOSE: URBAN AFFAIRS | $415,000 |
Goshen, IN PURPOSE: RELIGION | $225,000 |
OHIO UNIVERSITY PURPOSE: EDUCATION | $163,950 |
St Clairsville, OH PURPOSE: URBAN AFFAIRS | $120,000 |
Columbus, OH PURPOSE: EDUCATION | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Foundations Inc has recieved totaling $997,032.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: ADVANCING PHILANTHROPY | $709,129 |
Teays Valley Educational Foundation Ashville, OH PURPOSE: CREATE ENDOWMENT FDS | $287,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |