Richland County Foundation Of Mansfield
- Assets
- $226.5m
- Revenue
- $18.2m
- Investments
- $30.7m
- Employees
- 6
- Location
- Mansfield, OH
- Founding
- 06/1951
- Data as of
- 12/2021
- EIN
- 34-0872883
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Bradford S Groves President | Officer | 38 | $151,164 |
Robert T Barrett V.P. Finance | Officer | 38 | $103,503 |
Chris Hiner Chair Elect | OfficerTrustee | 1 | $0 |
Jana Mulherin Treasurer | OfficerTrustee | 1 | $0 |
Jokita Shetty Secretary | OfficerTrustee | 1 | $0 |
Jessica Gribben Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hartland & Co Invest Adv Svc | 12/30/15 | $112,002 |
Jumpstart Inc Consulting Svc | 12/30/15 | $260,000 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,256,201 |
| Grants and other assistance to domestic individuals. | $523,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,667 |
| Compensation of current officers, directors, key employees. | $138,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,495 |
| Pension plan accruals and contributions | $24,659 |
| Other employee benefits | $65,557 |
| Payroll taxes | $40,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $298,365 |
| Fees for services: Other | $8,465 |
| Advertising and promotion | $0 |
| Office expenses | $22,527 |
| Information technology | $50,023 |
| Royalties | $0 |
| Occupancy | $32,259 |
| Travel | $936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,034 |
| Insurance | $13,535 |
| All other expenses | $10,743 |
| Total functional expenses | $8,040,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,024,551 |
| Savings and temporary cash investments | $2,387,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,223,209 |
| Investments—publicly traded securities | $190,143,261 |
| Investments—other securities | $30,695,653 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,473,727 |
| Accounts payable and accrued expenses | $2,389 |
| Grants payable | $0 |
| 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 | $9,227,532 |
| Total liabilities | $9,229,921 |
| Net assets without donor restrictions | $123,766,328 |
| Net assets with donor restrictions | $93,477,478 |
| 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 | $226,473,727 |
Grants Awarded
Over the last fiscal year, Richland County Foundation Of Mansfield has awarded $6,102,690 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
Mansfield, OH PURPOSE: CAPITAL & GENERAL | $1,143,624 |
Mansfield, OH PURPOSE: CAPITAL CAMPAIGN | $979,470 |
Mansfield, OH PURPOSE: SUPPORT AND PROGRAMS | $756,703 |
CITY OF MANSFIELD PURPOSE: VARIOUS PROGRAMS | $313,074 |
Mansfield, OH PURPOSE: BUILDING & GENERAL | $304,780 |
Mansfield, OH PURPOSE: BIKE TRAIL MAINT | $228,262 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Richland County Foundation Of Mansfield has recieved totaling $310,291.
| Awarding Organization | Amount |
|---|---|
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 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $6,250 |
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 |
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 |