Community Foundations Inc is located in Columbus, OH. The organization was established in 1987. 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. Community Foundations Inc 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 12/2020, Community Foundations Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $5.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Foundations Inc has awarded 1,452 individual grants totaling $26,446,050. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THIS FOUNDATION ASSISTS OTHERS IN IMPROVING THE COMMUNITY FOR THE BENEFIT OF ALL ITS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING PHILANTHROPY
EDUCATION
URBAN AFFAIRS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas F Kridler President & CEO | Officer | 1 | $0 |
Scott G Heitkamp CPA Vice President & CFO | Officer | 1 | $0 |
Angela G Parsons Vice President Of Dsd | Officer | 1 | $0 |
Dan A Sharpe Vice President Of Crgm | Officer | 1 | $0 |
Gregg Oosterbaan Vice President - Informati | Officer | 1 | $0 |
Tamara J Durrence Vice President - Supportin | Officer | 1 | $0 |
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 | $1,925,601 |
Noncash contributions included in lines 1a–1f | $136,886 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,601 |
Total Program Service Revenue | $0 |
Investment income | $1,343,059 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,769,097 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,037,757 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,494,921 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $386,442 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $196,733 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
All other expenses | $255 |
Total functional expenses | $5,078,351 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $6,435,795 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,395 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $67,440,398 |
Investments—other securities | $2,862,506 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $76,753,094 |
Accounts payable and accrued expenses | $0 |
Grants payable | $701,774 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
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 | $701,774 |
Net assets without donor restrictions | $76,051,320 |
Net assets with donor restrictions | $0 |
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 | $76,753,094 |
Over the last fiscal year, Community Foundations Inc has awarded $5,762,706 in support to 111 organizations.
Grant Recipient | Amount |
---|---|
Circleville, OH PURPOSE: ADVANCING PHILANTHROPY | $3,001,055 |
Spring Valley, OH PURPOSE: URBAN AFFAIRS | $415,000 |
Goshen, IN PURPOSE: RELIGION | $225,000 |
OHIO UNIVERSITY PURPOSE: EDUCATION | $163,950 |
St Clairsville, OH PURPOSE: URBAN AFFAIRS | $120,000 |
Columbus, OH PURPOSE: EDUCATION | $100,000 |
Over the last fiscal year, we have identified 2 grants that Community Foundations Inc has recieved totaling $997,032.
Awarding Organization | Amount |
---|---|
Columbus Foundation Columbus, OH PURPOSE: ADVANCING PHILANTHROPY | $709,129 |
Teays Valley Educational Foundation Ashville, OH PURPOSE: CREATE ENDOWMENT FDS | $287,903 |
Organization Name | Assets | Revenue |
---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |