Cincinnati Reds Community Fund
- Assets
- $8.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Cincinnati, OH
- Founding
- 03/2002
- Data as of
- 12/2021
- EIN
- 31-1790195
Organization Overview
Cincinnati Reds Community Fund is located in Cincinnati, OH. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cincinnati Reds Community Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Reds Community Fund 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 12/2021, Cincinnati Reds Community Fund generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cincinnati Reds Community Fund has awarded 34 individual grants totaling $924,134. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE REDS COMMUNITY FUND IS DEDICATED TO IMPROVING THE LIVES OF YOUTHS BY LEVERAGING THE TRADITION OF THE CINCINNATI REDS AND THE GAME OF BASEBALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE P&G MLB CINCINNATI REDS YOUTH ACADEMY WAS ESTABLISHED IN 2009 AND OPERATED FOR FIVE YEARS AT A TEMPORARY LOCATION IN CONJUNCTION WITH CINCINNATI PUBLIC SCHOOLS. THE INDOOR TRAINING FACILITY IN ROSELAWN (OPENED IN 2014) HOSTS FREE, YEAR-ROUND BASEBALL AND SOFTBALL INSTRUCTION ALONG WITH EDUCATIONAL PROGRAMMING. PROGRAM GOALS INCLUDE INCREASING PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL, ENCOURAGING ACADEMIC ACHIEVEMENT AND EMPHASIZING GOOD CHARACTER DEVELOPMENT.
THE REDS COMMUNITY FUND'S FIELD RENOVATION PROGRAM UNDERWRITES THE EXPENSE FOR IMPROVEMENTS TO AREA YOUTH BASEBALL FIELDS THROUGHOUT REDS COUNTRY. UPGRADES INCLUDE NEW SOIL FOR THE INFIELDS, TURF UPGRADES IN THE OUTFIELDS, BACKSTOP REPAIRS, FENCING, DUGOUTS AND MORE. APPLICANTS WHO WISH TO RECEIVE FUNDING FOR A FIELD RENOVATION PROJECT MUST HAVE A SPECIFIC NEED AND COMPLETE AN ONLINE APPLICATION PROCESS PROVIDING INFORMATION ON THE PROJECT SUCH AS LOCATION, MAINTENANCE SCHEDULE AND MOST IMPORTANTLY, SCOPE OF USE FOR EACH FIELD.
THE REDS COMMUNITY FUND YOUTH BASEBALL & SOFTBALL FUNDING INITIATIVE PROVIDES SUPPORT TO OVER 300 BOYS BASEBALL AND GIRLS SOFTBALL TEAMS. ORGANIZATIONS RECEIVE FUNDING TO PURCHASE UNIFORMS, EQUIPMENT AND COVER VARIOUS OPERATING EXPENSES. QUALIFYING ORGANIZATIONS MUST OPERATE IN "REDS COUNTRY," DEMONSTRATE FINANCIAL NEED, AND PARTICIPATE IN A MINIMUM OF THREE COMMUNITY SERVICE OR FUNDRAISING ACTIVITIES THROUGHOUT THE YEAR. SPECIFIC PROGRAMS THAT ARE SUPPORTED INCLUDE THE P&G MLB CINCINNATI REDS YOUTH ACADEMY, GREATER CINCINNATI KNOTHOLE, CINCINNATI PUBLIC SCHOOLS AND REVIVING BASEBALL IN INNER CITIES.
REVIVING BASEBALL IN INNER CITIES (RBI) IS A MAJOR LEAGUE BASEBALL YOUTH OUTREACH PROGRAM DESIGNED TO: - INCREASE PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL AMONG UNDERSERVED YOUTH - PROMOTE GREATER INCLUSION OF YOUTH WITH DIVERSE BACKGROUNDS INTO THE MAINSTREAM OF THE GAME - INCREASE NUMBER OF TALENTED ATHLETES PREPARED TO PLAY IN COLLEGE AND PROFESSIONALLY - ENCOURAGE ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND MODEL CITIZENSHIP - TEACH THE VALUE OF TEAMWORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Frank Executive Director | Officer | 40 | $165,740 |
Tim Butler Board Member | Trustee | 1 | $0 |
Dave Collins Board Member | Trustee | 1 | $0 |
Bill Daggy Board Member | Trustee | 1 | $0 |
Karen Forgus Board Member | Trustee | 1 | $0 |
Kitty Rosenthal Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,109,038 |
| Related organizations | $0 |
| Government grants | $146,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,669,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,925,307 |
| Total Program Service Revenue | $0 |
| Investment income | $387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,198 |
| Net Income from Gaming Activities | $475,362 |
| Net Income from Sales of Inventory | $26,692 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,512,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $396,304 |
| 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. | $213,625 |
| Compensation of current officers, directors, key employees. | $17,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $603,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,058 |
| Payroll taxes | $44,810 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $240,086 |
| Advertising and promotion | $0 |
| Office expenses | $209,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,000 |
| Travel | $63,567 |
| 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 | $252,039 |
| Insurance | $0 |
| All other expenses | $262,002 |
| Total functional expenses | $3,009,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,142,843 |
| Pledges and grants receivable | $123,739 |
| Accounts receivable, net | $1,172,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,284 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,691,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,201,245 |
| Accounts payable and accrued expenses | $131,637 |
| Grants payable | $0 |
| Deferred revenue | $98,869 |
| 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 | $97,150 |
| Other liabilities | $0 |
| Total liabilities | $327,656 |
| Net assets without donor restrictions | $7,633,498 |
| Net assets with donor restrictions | $240,091 |
| 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 | $8,201,245 |
Grants Awarded
Over the last fiscal year, Cincinnati Reds Community Fund has awarded $386,304 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: PROVIDE MEALS FOR LESS FORTUNATE IN THE GREATER CINCINNATI AREA | $125,000 |
Harleysville, PA PURPOSE: PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT | $106,850 |
CITY OF CINCINNATI PURPOSE: FIELD SUPPLIES & RENOVATION OF BLAIR PARK BASEBALL FIELD | $100,000 |
Cincinnati, OH PURPOSE: PROVIDE BASEBALL & SOFTBALL FUNDING TO CINCINNATI PUBLIC HIGH SCHOOL TEAMS | $54,454 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cincinnati Reds Community Fund has recieved totaling $99,024.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: CLIMATE RESILIENCY | $30,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $27,850 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $13,150 |
The Community Foundation Of West Chester Liberty West Chester, OH PURPOSE: OPERATING SUPPORT | $10,000 |
Jewish Federation Of Cincinnati Cincinnati, OH PURPOSE: General Support | $6,628 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |
University City District Philadelphia, PA | $9,386,670 | $9,712,200 |