Renton Regional Community Foundation
- Assets
- $17.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Renton, WA
- Founding
- 06/1970
- Data as of
- 12/2021
- EIN
- 23-7069988
Organization Overview
Renton Regional Community Foundation is located in Renton, WA. The organization was established in 1970. 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. As of 12/2021, Renton Regional Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renton Regional 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 12/2021, Renton Regional Community Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Renton Regional Community Foundation has awarded 287 individual grants totaling $5,316,834. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RENTON REGIONAL COMMUNITY FOUNDATION (THE FOUNDATION) MANAGES INDIVIDUAL CHARITABLE FUNDS ESTABLISHED BY DONORS AND LOCAL AGENCIES. MAKING GRANTS BACK TO THE COMMUNITY TO SUPPORT CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOLDS CHARITABLE FUNDS. GRANTS FROM THESE FUNDS BENEFIT A VARIETY OF CAUSES INCLUDING HEALTH CARE, EDUCATION, YOUTH AND FAMILIES, ARTS, PET CARE, ETC.
THE FOUNDATION WORKS TO EXPAND ITS DONOR BASE AND STRENGTHEN LOCAL CHARITIES SO CRITICAL COMMUNITY SERVICES ARE DELIVERED TO THE COMMUNITY.
THE FOUNDATIONS CIRCLE OF GIVING PROGRAM INCLUDES GIFTS/GRANTS TO RENTON SCHOOLS FOUNDATION, SALVATION ARMY, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanne Moss Executive Director | Officer | 40 | $113,564 |
Steve Bergquist Board Members | Trustee | 1 | $0 |
Mark Gropper Board Member | Trustee | 1 | $0 |
Gordon Lam Board Member | Trustee | 1 | $0 |
Benita Horn Board Member | Trustee | 1 | $0 |
Robert Schroeder Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,377,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,377,694 |
| Total Program Service Revenue | $0 |
| Investment income | $116,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $78,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,572,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,280,325 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,564 |
| Compensation of current officers, directors, key employees. | $17,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,954 |
| Pension plan accruals and contributions | $2,308 |
| Other employee benefits | $11,289 |
| Payroll taxes | $13,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,350 |
| Advertising and promotion | $0 |
| Office expenses | $48,720 |
| Information technology | $3,919 |
| Royalties | $0 |
| Occupancy | $11,440 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,673 |
| All other expenses | $205,325 |
| Total functional expenses | $1,796,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $930,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,983 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,599,400 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,531,918 |
| Accounts payable and accrued expenses | $10,576 |
| Grants payable | $0 |
| Deferred revenue | $155,340 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,663,574 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,829,490 |
| Net assets without donor restrictions | $8,547,156 |
| Net assets with donor restrictions | $7,155,272 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,531,918 |
Grants Awarded
Over the last fiscal year, Renton Regional Community Foundation has awarded $848,623 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Renton, WA PURPOSE: ARTS AND CULTURE | $65,000 |
Renton, WA PURPOSE: EDUCATION AND SCHOLARSHIPS | $47,221 |
Auburn, WA PURPOSE: HOUSING HEALTH AND BASIC SERVICES | $36,111 |
Seattle, WA PURPOSE: COVID 19 RESPONSE | $35,000 |
Renton, WA PURPOSE: HOUSING HEALTH AND BASIC SERVICES | $32,000 |
Kent, WA PURPOSE: HOUSING HEALTH AND BASIC SERVICES | $30,556 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Renton Regional Community Foundation has recieved totaling $1,037,444.
| Awarding Organization | Amount |
|---|---|
First Financial Northwest Foundation Renton, WA PURPOSE: PROGRAM SUPPORT | $383,712 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: COMMUNITY ENGAGEMENT GRANTMAKING | $250,000 |
Satterberg Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
The Seattle Foundation Seattle, WA PURPOSE: CELEBRATE! LOVE OF COMMUNITY 2021; TO PROVIDE GENERAL SUPPORT AS PROMPTED BY COVID-19; TO PROVIDE GENERAL SUPPORT AS PROMPTED BY COVID-19/ALL IN WA; TO SUPPORT THE COVID-19 RESPONSE FUND AS PART OF ALL IN WA; TO PROVIDE GENERAL SUPPORT; COVID-19 RESPONSE FUND; COVID-19 RESPONSE FUND AS PART OF ALL IN WA; TO PROVIDE SUPPORT FOR ALL IN WA | $93,040 |
Stolte Family Foundation Seattle, WA PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $75,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $6,564,592 |
| Earnings | $662,507 |
| Grants | $71,824 |
| Ending Balance | $7,155,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |
Juneau Community Foundation Juneau, AK | $82,810,614 | $6,137,568 |
Portland Community College Foundation Inc Portland, OR | $27,749,544 | $7,912,133 |
Catholic Community Services Foundation Salem, OR | $35,947,789 | $5,259,361 |
Salem Foundation Pioneer Trust Company Trustee Salem, OR | $34,628,460 | $4,735,987 |