Richland County Foundation Of Mansfield

Organization Overview

Richland County Foundation Of Mansfield is located in Mansfield, OH. The organization was established in 1951. 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. As of 12/2021, Richland County Foundation Of Mansfield employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland County Foundation Of Mansfield 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, Richland County Foundation Of Mansfield generated $18.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 5.9% 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, Richland County Foundation Of Mansfield has awarded 551 individual grants totaling $37,892,034. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE RICHLAND COUNTY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE IN RICHLAND COUNTY THROUGH STRATEGIC PHILANTHROPY AND COMMUNITY LEADERSHIP. GRANTS ARE DISTRIBUTED FOR CHARITABLE PURPOSES IN THE AREAS OF HEALTH, ECONOMIC DEVELOPMENT, BASIC HUMAN NEEDS, EDUCATION, CULTURAL ACTIVITIES, ENVIRONMENT, AND COMMUNITY SERVICES.

Describe the Organization's Program Activity:

THE RICHLAND COUNTY FOUNDATION IS AN ORGANIZATION THAT MAKES GRANTS PRIMARILY FROM THE INVESTMENT EARNINGS OF ITS COMPONENT FUNDS. THESE GRANTS SUPPORT THE PROGRAMS AND OPERATIONS OF MANY CHARITABLE ORGANIZATIONS IN THE LOCAL COMMUNITY AS WELL AS STUDENTS ATTENDING COLLEGE. DURING 2021, 559 GRANTS TOTALING 6,256,200 WERE AWARDED TO 171 CHARITABLE ORGANIZATIONS. IN ADDITION, 256 SCHOLARSHIP GRANTS TOTALING 523,247 WERE AWARDED TO LOCAL STUDENTS PURSUING A POST SECONDARY EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Bradford S Groves
President
$151,164
Robert T Barrett
V.P. Finance
$103,503
Jessica Gribben
Chair
$0
Chris Hiner
Chair Elect
$0
Jana Mulherin
Treasurer
$0
Jokita Shetty
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hartland & Co
Invest Adv Svc
$112,002
Jumpstart Inc
Consulting Svc
$260,000
View All Vendors

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$4,515,748
Noncash contributions included in lines 1a–1f $12,373
Total Revenue from Contributions, Gifts, Grants & Similar$4,515,748
Total Program Service Revenue$0
Investment income $4,889,911
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,831,615
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,165,372

Grants Awarded

Over the last fiscal year, Richland County Foundation Of Mansfield has awarded $6,102,690 in support to 78 organizations.

Grant RecipientAmount

RENAISSANCE PERFORMING ARTS

Org PageRecipient Profile

Mansfield, OH

PURPOSE: CAPITAL & GENERAL

$1,143,624

THE LITTLE BUCKEYE CHILDREN'S MUSEU

Org PageRecipient Profile

Mansfield, OH

PURPOSE: CAPITAL CAMPAIGN

$979,470

Mansfield, OH

PURPOSE: SUPPORT AND PROGRAMS

$756,703

CITY OF MANSFIELD

PURPOSE: VARIOUS PROGRAMS

$313,074

MANSFIELD ART CENTER

Org PageRecipient Profile

Mansfield, OH

PURPOSE: BUILDING & GENERAL

$304,780

FRIENDS OF THE RICHLAND COUNTYPARK DISTRICT

Org PageRecipient Profile

Mansfield, OH

PURPOSE: BIKE TRAIL MAINT

$228,262
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Richland County Foundation Of Mansfield has recieved totaling $310,291.

Awarding OrganizationAmount
Phillips Family Foundation

Covington, KY

PURPOSE: GENERAL

$150,000
Robert & Esther Black Family Fdn

Pittsburgh, PA

PURPOSE: GENERAL OPERATING

$94,000
Columbus Foundation

Columbus, OH

PURPOSE: ADVANCING PHILANTHROPY

$20,000
G S Schneider Irrv Tr Fbo Charities

Mansfield, OH

PURPOSE: GENERAL FUND

$19,860
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$16,181
$6,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$192,078,950
Earnings$28,361,920
Admin Expense$964,379
Net Contributions$4,546,760
Grants$6,779,445
Ending Balance$217,243,806

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