Community Foundations Inc
- Assets
- $67.2m
- Revenue
- $5.8m
- Investments
- $2.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 31-1197385
Organization Overview
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 12/2022, Community Foundations Inc generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Foundations Inc has awarded 1,591 individual grants totaling $30,639,886. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
ADVANCING PHILANTHROPY
EDUCATION
SOCIAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Kramer Chairperson/trustee | Trustee | 1 | $0 |
Clark Kellogg Vice Chair/trustee | Trustee | 1 | $0 |
Jeffrey W Edwards Trustee | Trustee | 1 | $0 |
George S Barrett Trustee | Trustee | 1 | $0 |
Lisa Ingram Trustee | Trustee | 1 | $0 |
Michael P Glimcher Trustee | 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 | $2,367,135 |
| Noncash contributions included in lines 1a–1f | $210,283 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,367,135 |
| Total Program Service Revenue | $0 |
| Investment income | $1,468,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,932,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,767,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,598,096 |
| 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 | $405,942 |
| 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 | $196,280 |
| 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 | $229 |
| Total functional expenses | $5,200,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,158,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,965 |
| 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 | $60,643,617 |
| Investments—other securities | $2,354,318 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,171,680 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $608,869 |
| 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 | $608,869 |
| Net assets without donor restrictions | $66,562,811 |
| 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 | $67,171,680 |
Grants Awarded
Over the last fiscal year, Community Foundations Inc has awarded $4,193,836 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
A CALL TO COLLEGE INC PURPOSE: EDUCATION | $10,000 |
ACTS 2 PURPOSE: RELIGION | $10,000 |
ALTRUSA CLUB OF CHILLICOTHE OHIO PURPOSE: EDUCATION | $10,000 |
ALVIS INC PURPOSE: SOCIAL SERVICES | $6,000 |
AMERICAN COUNCIL OF THE BLIND OHIO PURPOSE: SOCIAL SERVICES | $21,000 |
AMERICAN RED CROSS CENTRAL AND SOUTHERN PURPOSE: HEALTH | $45,000 |