Racine Community Foundation Inc

Racine Community Foundation Inc Overview

Racine Community Foundation Inc is located in Racine, WI. The organization was established in 1976. 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 12/2020, Racine Community Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Racine Community Foundation Inc generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $3.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Racine Community Foundation Inc has awarded 754 individual grants totaling $21,286,897. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE RACINE COMMUNITY FOUNDATION IS TO SUPPORT THE PEOPLE OF RACINE COUNTY BY PROVIDING FUNDING TO RACINE COUNTY'S HARD WORKING NONPROFIT ORGANIZATIONS AND STUDENTS, AND RESPONSIBLY STEWARDING OUR ENDOWMENT AND ALL GIFTS ENTRUSTED TO IT, SO WE MAY CONTINUE TO PARTNER WITH OUR DONORS TO PROVIDE THIS FUNDING FOREVER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RACINE COMMUNITY FOUNDATION FUNDS OTHER NON-PROFIT COMMUNITYORGANIZATIONS TO HELP STRENGTHEN AND DELIVER PROGRAMS THAT ARE VITAL TOTHE PEOPLE OF RACINE COUNTY. IN 2020, THE RACINE COMMUNITY FOUNDATIONAWARDED OVER $3,085,163 MILLION IN GRANTS, PRIMARILY IN THE CATEGORIES OFARTS AND CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENTAL,HEALTH, AND HUMAN SERVICES. DURING THE YEAR THE RACINE COMMUNITYFOUNDATION AWARDED 66 ARTS AND CULTURE, 172 COMMUNITY DEVELOPMENT, 183EDUCATION, 32 ENVIRONMENTAL, 50 HEALTH, AND 214 HUMAN SERVICES GRANTS.


THE RACINE COMMUNITY FOUNDATION FUNDS OTHER NON-PROFIT COMMUNITYORGANIZATIONS TO HELP STRENGTHEN AND DELIVER PROGRAMS THAT ARE VITAL TOTHE PEOPLE OF RACINE COUNTY. IN 2020, THE RACINE COMMUNITY FOUNDATIONAWARDED OVER $3,085,163 MILLION IN GRANTS, PRIMARILY IN THE CATEGORIES OFARTS AND CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENTAL,HEALTH, AND HUMAN SERVICES. DURING THE YEAR THE RACINE COMMUNITYFOUNDATION AWARDED 66 ARTS AND CULTURE, 172 COMMUNITY DEVELOPMENT, 183EDUCATION, 32 ENVIRONMENTAL, 50 HEALTH, AND 214 HUMAN SERVICES GRANTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Racine Community Foundation Inc Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Powell
President & CEO
$147,202
Bill Streeter
Vice President Of Grants
$0
Kevin Mccabe
Vice President Of Donor Development
$0
David Novick
Vice President Of Investments
$0
Ted Hart
Board Chair
$0
Cory Sebastian
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $125
All other contributions, gifts, grants, and similar amounts not included above$1,370,175
Noncash contributions included in lines 1a–1f $144,735
Total Revenue from Contributions, Gifts, Grants & Similar$1,370,300
Total Program Service Revenue$66,094
Investment income $338,728
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,295,672
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,071,127

Racine Community Foundation Inc Grants Awarded

Over the last fiscal year, Racine Community Foundation Inc has awarded $6,009,792 in support to 194 organizations.

Grant RecipientAmount

Racine, WI

PURPOSE: FOR CAPITAL IMPROVEMENTS AND OPERATIONAL SUPPORT

$411,635

Racine, WI

PURPOSE: FOR CAPITAL IMPROVEMENTS AND OPERATIONAL SUPPORT

$411,635

RACINE ZOOLOGICAL SOCIETY

PURPOSE: FOR OPERATIONAL SUPPORT

$165,223

RACINE ZOOLOGICAL SOCIETY

PURPOSE: FOR OPERATIONAL SUPPORT

$165,223

HEALTH CARE NETWORK INC

Org PageRecipient Profile

Racine, WI

PURPOSE: FOR OPERATIONAL SUPPORT AND PROGRAMMING

$101,787

HEALTH CARE NETWORK INC

Org PageRecipient Profile

Racine, WI

PURPOSE: FOR OPERATIONAL SUPPORT AND PROGRAMMING

$101,787
View Grant Profile

Racine Community Foundation Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Racine Community Foundation Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Ascension All Saints Foundation Inc

St Louis, MO

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$59,504,024
Earnings$7,266,524
Admin Expense$600,154
Net Contributions$1,299,048
Grants$2,925,296
Ending Balance$64,544,146

Racine Community Foundation Inc Peer Organizations

Create an account to unlock the data you need.

or