Overview
What is Richland County Foundation?
The Richland County Foundation is a philanthropic organization situated in Mansfield, Ohio. With a team of seven dedicated individuals, its primary mission is to enhance the quality of life in Richland County by strategically distributing grants for charitable purposes. These areas include health, economic development, basic human needs, education, cultural activities, environment, and community services. The foundation mainly funds its grants from investment earnings of its component funds, supporting numerous local charitable organizations and offering scholarships to students pursuing higher education. In 2022 alone, the foundation granted a total of 7,853,108 dollars to 183 charitable organizations and 255 scholarship grants to local students.
Official website here: www.richlandcountyfoundation.org
What are the reviews and ratings of this charity?
**Rating: 97% (Four-Star out of Four Star rating from Charity Navigator)**
The Richland County Foundation has achieved an impressive Four-Star rating due to its outstanding score of 97% in the Accountability & Finance beacon. This emphasizes the organization's commitment to financial integrity and responsible governance, with notable achievements such as 100% independent board members and a solid financial oversight framework. These factors reflect both transparency and effective management practices that are essential for building trust with donors and the community.
The foundation demonstrates strong financial metrics, highlighted by a program expense ratio of 89.24%, which indicates that a substantial portion of its funds is directed towards its mission-related activities. Additionally, with a minimal liabilities to assets ratio and high working capital, it is positioned favorably for long-term sustainability. However, it's worth noting that the organization hasn't yet been scored on Impact & Measurement, Culture & Community, or Leadership & Adaptability, which may limit a comprehensive understanding of its overall effectiveness and engagement within the community.
User reviews from GreatNonprofits are not available for this organization at this time, which leaves an opportunity for potential feedback from community members and stakeholders to provide deeper insights into the organization's programs and impact. Overall, Richland County Foundation's robust financial practices and independent governance suggest a well-managed entity focused on its philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Richland County Foundation legitimate?
Richland County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richland County 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: $280,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $254,565
For more financial information, click here
Official website here: www.richlandcountyfoundation.org
What is the mission statement of Richland County Foundation?
The Richland County Foundation's mission is centered around enhancing the quality of life in its community. It achieves this through strategic philanthropy and community leadership. The organization distributes grants for charitable purposes in various sectors, including health, economic development, basic human needs, education, cultural activities, environment, and community services. The Richland County Foundation primarily funds grants from its investment earnings, supporting the programs and operations of numerous local charitable organizations and providing scholarships for students pursuing higher education.
Official website here: www.richlandcountyfoundation.org
Who is the CEO of Richland County Foundation?
Bradford S Groves is the President of Richland County Foundation.
Official website here: www.richlandcountyfoundation.org
What is the revenue of Richland County Foundation?
Richland County Foundation's revenue in 2022 was $7,402,159.
Official website here: www.richlandcountyfoundation.org
Who are the executives of Richland County Foundation and what are their salaries?
The average compensation at Richland County Foundation during 2022 was $76,503. There are 7 employees and 34 volunteers at Richland County Foundation.
Here are 20 key members and their salaries:
- Compensation: $156,810
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- Other: $8,127
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- Other: $27,571
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- Other: $3,371
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Official website here: www.richlandcountyfoundation.org
Where can I find the form 990 for Richland County Foundation?
Richland County Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richlandcountyfoundation.org
Learn more at the official website: www.richlandcountyfoundation.org
Mission Statement of Richland County Foundation
The Richland County Foundation, a philanthropic organization, is dedicated to enhancing the quality of life in its community. It achieves this goal through strategic philanthropy and community leadership. The foundation distributes grants for charitable purposes in various sectors, including health, economic development, basic human needs, education, cultural activities, environment, and community services. By providing financial support to numerous local charitable organizations and scholarships to students pursuing higher education, the Richland County Foundation plays a significant role in uplifting its community. During 2022 alone, the foundation awarded 578 grants totaling over 7.8 million dollars to 183 charitable organizations. Additionally, 255 scholarship grants worth 712,760 dollars were given to local students.
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Impact
October, 2024
The Richland County Foundation significantly enhances the quality of life in Richland County through focused philanthropy and strong community leadership. By distributing grants that support a diverse range of initiatives, it plays a vital role in addressing the needs of the community across various sectors including health, economic development, education, cultural activities, environmental issues, and basic human needs.
In 2022 alone, the foundation awarded 578 grants amounting to over $7.8 million to 183 charitable organizations, illustrating its commitment to fostering local growth and stability. Additionally, it provided 255 scholarship grants totaling nearly $712,760, empowering local students to pursue higher education and build brighter futures.
Through these efforts, the Richland County Foundation not only supports existing programs and services but also invests in the community's potential, creating a ripple effect of positive change that strengthens the overall fabric of the region.
This information is meant to be a general summary of Richland County 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: $3,846,673
- Gross Receipts: $24,287,156
Assets and Liabilities:
- Total Assets: $182,944,414
- Total Liabilities: $8,273,855
- Net Assets: $174,670,559
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Organization Details
Founding Year
1945
Phone
(419) 525-3020Principal Officer
Bradford S Groves
Main Address
181 S MAIN ST, MANSFIELD, OH, 44902
NTEE Category
Code: T310 - Philanthropy
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