Racine Community Foundation Inc

Organization 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 12/2021, 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. Racine Community Foundation Inc 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, Racine Community Foundation Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Racine Community Foundation Inc has awarded 943 individual grants totaling $26,642,648. 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

2021

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 COMMUNITY ORGANIZATIONS TO HELP STRENGTHEN AND DELIVER PROGRAMS THAT ARE VITAL TO THE PEOPLE OF RACINE COUNTY. IN 2021, THE RACINE COMMUNITY FOUNDATION AWARDED OVER $2.91 MILLION IN GRANTS, PRIMARILY IN THE CATEGORIES OF ARTS AND CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENTAL, HEALTH, AND HUMAN SERVICES. DURING THE YEAR THE RACINE COMMUNITY FOUNDATION AWARDED 77 ARTS AND CULTURE, 171 COMMUNITY DEVELOPMENT, 204 EDUCATION, 49 ENVIRONMENTAL, 63 HEALTH, AND 185 HUMAN SERVICES GRANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Powell
President & CEO
$151,019
Ted Hart
Board Chair
$0
Eric Olesen
Chair Elect
$0
Kevin Mccabe
VP Of Grants
$0
Kathy Ciszewski
VP Of Donor Development
$0
Steve Johnson
Treasurer/vp Of Finance
$0

Financial Statements

Statement of Revenue
Federated campaigns$1,000,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,129,529
Noncash contributions included in lines 1a–1f $450,338
Total Revenue from Contributions, Gifts, Grants & Similar$2,129,529
Total Program Service Revenue$75,575
Investment income $237,750
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,139,532
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,582,646

Grants Awarded

Over the last fiscal year, Racine Community Foundation Inc has awarded $2,350,855 in support to 92 organizations.

Grant RecipientAmount

HEALTH CARE NETWORK INC

Org PageRecipient Profile

Racine, WI

PURPOSE: FOR PROGRAMMING AND OPERATIONS

$124,169

RACINE ART MUSEUM ASSOCIATION INC

Org PageRecipient Profile

Racine, WI

PURPOSE: TO PROVIDE OPERATING SUPPORT

$104,376

VISION FORWARD ASSOCIATION

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: VISION LOSS SERVICES IN RACINE COUNTY & OPERATIONS

$93,298

Racine, WI

PURPOSE: TO PROVIDE OPERATIONAL SUPPORT

$91,400

PREVENT BLINDNESS WISCONSIN

Org PageRecipient Profile

Chicago, IL

PURPOSE: VISION LOSS SERVICES IN RACINE COUNTY

$89,095

HOMELESS ASSISTANCE LEADERSHIP ORGANIZATION INC

Org PageRecipient Profile

Racine, WI

PURPOSE: FOR PROGRAMMING AND OPERATIONS

$70,328
View Grant Profile

Grants Recieved

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

Awarding OrganizationAmount
Ruffo Family Foundation Inc

Racine, WI

PURPOSE: SUPPORT THE RUFFO FAMILY FUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$64,544,146
Earnings$9,739,413
Admin Expense$703,797
Net Contributions$1,940,118
Grants$2,601,985
Ending Balance$72,917,895

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