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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating from Charity Navigator.
Racine Community Foundation Inc has achieved a notable Four-Star rating with a score of 98%, reflecting its strong performance in both accountability and finance. With a perfect score of 100 for accountability measures, the organization demonstrates a robust governance structure, featuring an entirely independent board and comprehensive financial oversight practices. This level of transparency and adherence to best practices is a significant strength for the foundation, reinforcing donor trust and confidence.
In terms of financial health, the foundation maintains a solid program expense ratio of 80.38%, indicating that a substantial portion of its funds is directed towards programmatic activities rather than administrative costs. Furthermore, the organization has no material diversions of assets, which is crucial for safeguarding donor contributions. The low liabilities to assets ratio of 9.49% further suggests a strong financial position and effective resource management.
While the foundation scores well in cultural and community aspects with a score of 86%, there is room for improvement, particularly in equity strategies where it scored 79 out of 100. Nonetheless, the foundation excels in constituent feedback mechanisms, receiving a perfect score in feedback collection, usage, and practices. This indicates a commitment to stakeholder engagement and responsiveness, positioning Racine Community Foundation Inc as a reputable and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Racine Community Foundation Inc?
100% of reviewers on Facebook recommend Racine Community Foundation Inc. Here is a summary of their reviews:
The community foundation has received praise for its positive impact on the local area, with one user highlighting the beneficial programs it supports. There's a strong sentiment of gratitude among reviewers, especially from those who have personally seen the foundation's assistance in educational initiatives.
Overall, individuals express strong support for the foundation's mission and the effectiveness of its programs, indicating that it plays a vital role in enhancing the community's well-being.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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):
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- Compensation: $157,573
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- Other: $4,727
Official website here: www.racinecommunityfoundation.org
Where can I find the form 990 for Racine Community Foundation Inc?
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.
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Impact
July, 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.
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.
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: $3,134,399
- 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
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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
Phone
(262) 632-8474Principal Officer
Elizabeth Powell
Main Address
1135 WARWICK WAY 200, RACINE, WI, 534065661
NTEE Category
Code: T310 - Philanthropy
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