Citizens Community Foundation
- Assets
- $6.2m
- Revenue
- $540.0k
- Investments
- $6.1m
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 05/1969
- Data as of
- 10/2022
- 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 10/2022, Citizens Community Foundation generated $540.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $399.0k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Citizens Community Foundation has awarded 62 individual grants totaling $1,255,150. 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 | $187,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $351,443 |
| Capital Gain Net Income | $351,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $897 |
| Total Revenue | $540,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,245 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $46,239 |
| Contributions, gifts, grants paid | $352,750 |
| Total expenses and disbursements | $398,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,763 |
| 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 | $6,050,472 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,202,235 |
| 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 $352,750 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: GENERAL SUPPORT | $50,000 |
Providence, RI PURPOSE: GENERAL SUPPORT | $50,000 |
LOCAL INITIATIVES SUPPORT PURPOSE: UNRESTRICTED GIFT | $50,000 |
Providence, RI PURPOSE: UNRESTRICTED GIFT | $30,000 |
PROVIDENCE JOURNAL SUMMERTIME FUND PURPOSE: UNRESTRICTED GIFT | $25,750 |
Providence, RI PURPOSE: UNRESTRICTED GIFT | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rhode Island Community Foundation Providence, RI | $1,346,682,058 | $194,702,159 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Northwest Connecticut Community Foundation Inc Torrington, CT | $136,137,199 | $9,989,668 |