Citizens Community Foundation
- Assets
- $6.2m
- Revenue
- $318.5k
- Investments
- $6.1m
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 05/1969
- Data as of
- 10/2023
- EIN
- 05-6035997
Organization Overview
Citizens Community Foundation is located in Johnston, RI. The organization was established in 1969. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Community Foundation 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 10/2023, Citizens Community Foundation generated $318.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $288.1k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Citizens Community Foundation has awarded 59 individual grants totaling $1,186,450. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $230,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,119 |
| Capital Gain Net Income | $88,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $318,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,008 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $52,300 |
| Contributions, gifts, grants paid | $235,800 |
| Total expenses and disbursements | $288,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,759 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,110,463 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,233,222 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Citizens Community Foundation has awarded $235,800 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
RHODE ISLAND HOSPITAL PURPOSE: GENERAL SUPPORT | $50,000 |
CROSSROADS RHODE ISLAND PURPOSE: GENERAL SUPPORT | $50,000 |
MEETING STREET PURPOSE: UNRESTRICTED GIFT | $25,000 |
SAVE THE BAY PURPOSE: UNRESTRICTED GIFT | $15,000 |
SAN MIGUEL SCHOOL PURPOSE: UNRESTRICTED GIFT | $10,000 |
LOCAL INITIATIVES SUPPORT PURPOSE: UNRESTRICTED GIFT | $25,000 |