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Racine Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510188377 ✦ Racine, WI ✦ Designated as a 501(c)(3)

Overview

What is Racine Community Foundation Inc?

Racine Community Foundation Inc, located in Racine, Wisconsin, is a dedicated nonprofit organization that supports the community by funding various initiatives. With a mission to aid Racine County's hardworking nonprofit organizations and students, the foundation awarded over $3.36 million in grants in 2022. These grants primarily focused on areas such as arts and culture, community development, education, environmental conservation, health, and human services. By stewarding their endowment and donor gifts responsibly, the Racine Community Foundation aims to continue this support indefinitely, contributing positively to the lives of the people in Racine County.


Official website here: www.racinecommunityfoundation.org

Is Racine Community Foundation Inc legitimate?

Racine Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racine Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $162,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,600

For more financial information, click here


Official website here: www.racinecommunityfoundation.org

What is the mission statement of Racine Community Foundation Inc?

The Racine Community Foundation's mission is to support the people of a specific community by providing funding to local nonprofit organizations and students. This is done while responsibly managing their endowment and all donations entrusted to them, with the aim of continuing this funding partnership forever. The foundation supports various sectors in the community, including arts and culture, community development, education, environmental concerns, health, and human services. In 2022, they awarded over $3.36 million in grants across these categories.


Official website here: www.racinecommunityfoundation.org

Who is the CEO of Racine Community Foundation Inc?

Elizabeth Powell is the Board Chair of Racine Community Foundation Inc. The CEO's salary of Racine Community Foundation Inc is $157,573 and their total compensation is $162,300.


Official website here: www.racinecommunityfoundation.org

What is the revenue of Racine Community Foundation Inc?

Racine Community Foundation Inc's revenue in 2022 was $4,559,798.


Official website here: www.racinecommunityfoundation.org

Who are the executives of Racine Community Foundation Inc and what are their salaries?

The average compensation at Racine Community Foundation Inc during 2022 was $98,300. There are 3 employees and 50 volunteers at Racine Community Foundation Inc.

Here are 17 key members and their salaries (Racine Community Foundation Inc's CEO's salary is $157,573 and their total compensation is $162,300):

    Elizabeth Powell (President & Ceo)
  • Compensation: $157,573
  • Related: $0
  • Other: $4,727

    • Eric Olesen (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Gabor (Treasurer/Vice Chair Of Finance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Donovan (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Mccabe (Vice Chair Of Grants) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregg Anderegg (Vice Chair Of Donor Development) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Ciszewski (Vice Chair Of Investments) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ted Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Art Howell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Lauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justus Morgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kate O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Ruffo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cory Sebastian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Streeter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Wyant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.racinecommunityfoundation.org

    Where can I find the form 990 for Racine Community Foundation Inc?

    The Racine Community Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.racinecommunityfoundation.org

    Learn more at the official website: www.racinecommunityfoundation.org

    Mission Statement of Racine Community Foundation Inc

    Racine Community Foundation Inc is dedicated to supporting the people of Racine County by providing funding to local nonprofit organizations and students. Their mission is twofold: firstly, to financially aid hardworking nonprofit organizations in Racine County, ensuring they can deliver essential programs to the community. Secondly, the foundation is responsible for managing its endowment and all donations entrusted to it, with the goal of continuing this funding partnership forever. Through this commitment, Racine Community Foundation Inc aims to positively impact various aspects of community life, including arts and culture, community development, education, environment, health, and human services. In 2022, they awarded over $3.36 million in grants across these categories, demonstrating their significant role in strengthening and sustaining vital community programs.

    Impact

    This information is meant to be a general summary of Racine Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Racine Community Foundation Inc supports the people of Racine County by providing funding to local nonprofit organizations and students. They fund a wide range of programs in areas such as arts and culture, community development, education, environmental initiatives, health, and human services. In 2022 alone, Racine Community Foundation awarded over $3.36 million in grants to strengthen and deliver vital programs for the community. Their impact is seen through the numerous grants given to support various aspects of the community, ultimately contributing to the well-being and development of Racine County.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,134,399
  • Program Service Revenue: $75,908
  • Gross Receipts: $27,321,610

    • Assets and Liabilities:
  • Total Assets: $73,452,695
  • Total Liabilities: $7,057,142
  • Net Assets: $66,395,553
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMINISTRATIVE FEES

    Revenue

    $75,908

    Organization Details

    Founding Year

    1975

    Principal Officer

    Elizabeth Powell

    Main Address

    1135 WARWICK WAY 200, RACINE, WI, 534065661

    NTEE Category

    Code: T310 - Philanthropy

    If you are a representative of Racine Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.