River City Foundation
- Assets
- $4.3m
- Revenue
- $787.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 04/1991
- Data as of
- 11/2022
- EIN
- 38-2966996
Organization Overview
River City Foundation is located in Grand Rapids, MI. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. River City Foundation 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 11/2022, River City Foundation generated $787.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $1.4m during the year ending 11/2022. While expenses have increased by 15.0% per year over the past 6 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, River City Foundation has awarded 146 individual grants totaling $5,605,627. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Betz President | 2 | $0 | |
Anne Kittendorf Director | 0.25 | $0 | |
Thomas G Kyros Secretary/treasurer | 2 | $0 | |
Heidi Thornton Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20 |
| Interest on Savings | $158 |
| Dividends & Interest | $133,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $653,478 |
| Capital Gain Net Income | $195,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $787,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,384 |
| Total operating and administrative expenses | $24,377 |
| Contributions, gifts, grants paid | $1,364,352 |
| Total expenses and disbursements | $1,388,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,807 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,279,904 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, River City Foundation has awarded $1,364,352 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: FUND FOR COMMUNITY GOOD | $453,605 |
Grand Rapids, MI PURPOSE: TIME TO SOAR CAMPAIGN | $196,009 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $190,864 |
Grand Rapids, MI PURPOSE: PEDIATRIC INITIATIVE PROGRAM | $139,913 |
Grand Rapids, MI PURPOSE: BEHIND THE CURTAIN CAMPAIGN | $91,838 |
Ann Arbor, MI PURPOSE: KITTENDORF FUND | $80,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |