Overview
What is The Rhode Island Community Foundation?
The Rhode Island Community Foundation is a proactive community organization and philanthropic leader based in Providence, Rhode Island. With a team of 55 employees, this foundation focuses on strategic grantmaking to address specific priorities within three strategic initiative areas: Economic Security, Education, and Health. Additionally, they support organizations and projects responsive to community needs in other areas, including Arts & Culture, Environment, Children & Families, and Housing. They fund projects based on various approaches, including policy, advocacy, and systems reform, organizational and leadership capacity, and innovative models and proven programs. The foundation aims to expand and sustain programs that are highly effective and produce results. The Rhode Island Community Foundation is committed to meeting the needs of the people of Rhode Island.
Official website here: www.rifoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99% (Four-Star out of Four Star Rating)
The Rhode Island Community Foundation has received an impressive Four-Star rating from Charity Navigator, primarily due to its exceptional score in Accountability & Finance. The organization demonstrates a strong commitment to transparency and ethical governance with 100% independent board members and comprehensive policies in place. Their financial health is marked by high program expense ratios and low fundraising costs, indicating efficient use of resources.
Strengths highlighted include a well-structured oversight system with independent board members and a robust audit and financial reporting process. The foundation also excels in maintaining high accountability standards, with detailed documentation available on their website regarding board meetings, CEO compensation, and conflict-of-interest policies. These practices contribute significantly to their positive reputation among donors and stakeholders.
While the organization shows strong performance in most areas, there is a noted lack of a posted donor privacy policy, which could raise concerns for potential donors regarding data protection. Overall, the Rhode Island Community Foundation stands out as a reliable and responsible nonprofit, committed to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Rhode Island Community Foundation legitimate?
The Rhode Island Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rhode Island Community Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,254,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,765,391
For more financial information, click here
Official website here: www.rifoundation.org
What is the mission statement of The Rhode Island Community Foundation?
The Rhode Island Community Foundation is a proactive community organization committed to addressing the needs of the people in Rhode Island. Their mission is to act as a community and philanthropic leader, focusing on three strategic initiative areas: economic security, education, and health. In addition, they provide grants for projects and organizations that respond to community needs in other areas such as arts and culture, environment, children and families, and housing. Their grantmaking programs support various approaches, including policy and advocacy, organizational capacity, and innovative models and proven programs. The foundation seeks to expand and sustain highly effective programs, producing substantial results.
Official website here: www.rifoundation.org
Who is the CEO of The Rhode Island Community Foundation?
David Cicilline is the Principal Officer of The Rhode Island Community Foundation.
Official website here: www.rifoundation.org
What is the revenue of The Rhode Island Community Foundation?
The Rhode Island Community Foundation's revenue in 2022 was $94,559,880.
Official website here: www.rifoundation.org
Who are the executives of The Rhode Island Community Foundation and what are their salaries?
The average compensation at The Rhode Island Community Foundation during 2022 was $109,461. There are 55 employees and 250 volunteers at The Rhode Island Community Foundation.
Here are 23 key members and their salaries:
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- Compensation: $159,295
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- Compensation: $152,528
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- Other: $52,059
- Compensation: $151,268
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- Other: $37,746
- Compensation: $149,362
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- Other: $44,988
Official website here: www.rifoundation.org
Where can I find the form 990 for The Rhode Island Community Foundation?
The Rhode Island Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rifoundation.org
Learn more at the official website: www.rifoundation.org
Mission Statement of The Rhode Island Community Foundation
The Rhode Island Community Foundation is a proactive community and philanthropic leader, dedicated to addressing the needs of the people in Rhode Island. This community foundation focuses its grantmaking efforts primarily on three strategic initiative areas: Economic Security, Education, and Health. In addition, it supports organizations and projects that respond to community needs in other areas, including Arts & Culture, Environment, Children & Families, and Housing.
The Rhode Island Foundation's mission is to fund projects that involve research and analysis on pressing issues, advocacy and organizing that gives voice to underrepresented groups and promotes institutional change. It also invests in the capacity of nonprofits and funds innovative models and proven programs based on unique research or experience in a field. The organization seeks to expand and sustain highly effective programs that produce results. Furthermore, it operates multiple special grant programs that fund projects that best match donor intent.
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Impact
October, 2024
The Rhode Island Community Foundation plays a pivotal role in enhancing the well-being of Rhode Islanders through targeted grantmaking initiatives. With a focus on economic security, education, and health, it addresses critical needs within the community while also supporting a broader range of projects in areas like arts and culture, environmental sustainability, and housing.
By funding policy advocacy, research, and systems reform, the Foundation elevates underrepresented voices and promotes meaningful institutional change. It also invests in organizational capacity and leadership, enabling local entities to strengthen their impact. The emphasis on innovative models and proven programs ensures that effective strategies are expanded and sustained, delivering measurable results.
Through its strategic approach, the Rhode Island Community Foundation not only responds to immediate community needs but also drives long-term improvements, fostering a more equitable and thriving environment for all its residents.
This information is meant to be a general summary of The Rhode Island Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $35,781,618
- Gross Receipts: $212,194,327
Assets and Liabilities:
- Total Assets: $1,164,890,574
- Total Liabilities: $13,848,506
- Net Assets: $1,151,042,068
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Organization Details
Founding Year
1916
Phone
(401) 274-4564Principal Officer
David Cicilline
Main Address
ONE UNION STATION, PROVIDENCE, RI, 02903
Website
www.rifoundation.orgNTEE Category
Code: T31 - Philanthropy
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