Cincinnati Reds Community Fund
- Assets
- $7.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 23
- Location
- Cincinnati, OH
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 31-1790195
Organization Overview
Cincinnati Reds Community Fund is located in Cincinnati, OH. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Cincinnati Reds Community Fund employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Reds Community Fund 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 12/2023, Cincinnati Reds Community Fund generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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, Cincinnati Reds Community Fund has awarded 47 individual grants totaling $1,632,999. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE REDS COMMUNITY FUND IS DEDICATED TO IMPROVING THE LIVES OF YOUTHS BY LEVERAGING THE TRADITION OF THE CINCINNATI REDS AND THE GAME OF BASEBALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE P&G MLB CINCINNATI REDS YOUTH ACADEMY WAS ESTABLISHED IN 2009 AND OPERATED FOR FIVE YEARS AT A TEMPORARY LOCATION IN CONJUNCTION WITH CINCINNATI PUBLIC SCHOOLS. THE INDOOR TRAINING FACILITY IN ROSELAWN (OPENED IN 2014) HOSTS FREE, YEAR-ROUND BASEBALL AND SOFTBALL INSTRUCTION ALONG WITH EDUCATIONAL PROGRAMMING. PROGRAM GOALS INCLUDE INCREASING PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL, ENCOURAGING ACADEMIC ACHIEVEMENT AND EMPHASIZING GOOD CHARACTER DEVELOPMENT.
REVIVING BASEBALL IN INNER CITIES (RBI) IS A MAJOR LEAGUE BASEBALL YOUTH OUTREACH PROGRAM DESIGNED TO: - INCREASE PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL AMONG UNDERSERVED YOUTH - PROMOTE GREATER INCLUSION OF YOUTH WITH DIVERSE BACKGROUNDS INTO THE MAINSTREAM OF THE GAME - INCREASE NUMBER OF TALENTED ATHLETES PREPARED TO PLAY IN COLLEGE AND PROFESSIONALLY - ENCOURAGE ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND MODEL CITIZENSHIP - TEACH THE VALUE OF TEAMWORK
THE REDS COMMUNITY FUND'S FIELD RENOVATION PROGRAM UNDERWRITES THE EXPENSE FOR IMPROVEMENTS TO AREA YOUTH BASEBALL FIELDS THROUGHOUT REDS COUNTRY. UPGRADES INCLUDE NEW SOIL FOR THE INFIELDS, TURF UPGRADES IN THE OUTFIELDS, BACKSTOP REPAIRS, FENCING, DUGOUTS AND MORE. APPLICANTS WHO WISH TO RECEIVE FUNDING FOR A FIELD RENOVATION PROJECT MUST HAVE A SPECIFIC NEED AND COMPLETE AN ONLINE APPLICATION PROCESS PROVIDING INFORMATION ON THE PROJECT SUCH AS LOCATION, MAINTENANCE SCHEDULE AND MOST IMPORTANTLY, SCOPE OF USE FOR EACH FIELD.
THE REDS COMMUNITY FUND YOUTH BASEBALL & SOFTBALL FUNDING INITIATIVE PROVIDES SUPPORT TO OVER 300 BOYS BASEBALL AND GIRLS SOFTBALL TEAMS. ORGANIZATIONS RECEIVE FUNDING TO PURCHASE UNIFORMS, EQUIPMENT AND COVER VARIOUS OPERATING EXPENSES. QUALIFYING ORGANIZATIONS MUST OPERATE IN "REDS COUNTRY," DEMONSTRATE FINANCIAL NEED, AND PARTICIPATE IN A MINIMUM OF THREE COMMUNITY SERVICE OR FUNDRAISING ACTIVITIES THROUGHOUT THE YEAR. SPECIFIC PROGRAMS THAT ARE SUPPORTED INCLUDE THE P&G MLB CINCINNATI REDS YOUTH ACADEMY, GREATER CINCINNATI KNOTHOLE, CINCINNATI PUBLIC SCHOOLS AND REVIVING BASEBALL IN INNER CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen Wrassman President | OfficerTrustee | 1 | $0 |
Tim Butler Vice President | OfficerTrustee | 1 | $0 |
Randy Freking Treasurer | OfficerTrustee | 1 | $0 |
Barb Smith Secretary | OfficerTrustee | 1 | $0 |
Doug Adams Board Member | Trustee | 1 | $0 |
Carol Aquino Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $634,975 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,375,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,010,489 |
| Total Program Service Revenue | $0 |
| Investment income | $86,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$832,255 |
| Net Income from Gaming Activities | $670,071 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,934,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $274,776 |
| 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. | $326,960 |
| Compensation of current officers, directors, key employees. | $26,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $588,720 |
| Pension plan accruals and contributions | $45,508 |
| Other employee benefits | $7,251 |
| Payroll taxes | $66,931 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $333,891 |
| Advertising and promotion | $11,016 |
| Office expenses | $109,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,864 |
| Travel | $53,101 |
| 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 | $308,265 |
| Insurance | $0 |
| All other expenses | $102,014 |
| Total functional expenses | $3,197,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,738 |
| Savings and temporary cash investments | $59,040 |
| Pledges and grants receivable | $107,538 |
| Accounts receivable, net | $808,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $131,169 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,952,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,591,858 |
| Accounts payable and accrued expenses | $547,102 |
| Grants payable | $0 |
| 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 | $38,860 |
| Other liabilities | $59,040 |
| Total liabilities | $645,002 |
| Net assets without donor restrictions | $6,921,856 |
| Net assets with donor restrictions | $25,000 |
| 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 | $7,591,858 |
Grants Awarded
Over the last fiscal year, Cincinnati Reds Community Fund has awarded $269,776 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PITCH IN FOR BASEBALL & SOFTBALL PURPOSE: PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT | $86,556 |
AUGUSTA INDEPENDENT EDUCATIONAL FOUNDATION INC PURPOSE: RENOVATION AND INSTALLATION OF A LOCAL SYNTHETIC YOUTH BASEBALL & SOFTBALL FIELD | $100,000 |
ACTIVITIES BEYOND THE CLASSROOM PURPOSE: PROVIDE BASEBALL & SOFTBALL FUNDING TO CINCINNATI PUBLIC HIGH SCHOOL TEAMS | $27,874 |
BELLEVUE VETERANS CLUB INC PURPOSE: PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT, UNIFORMS & TROPHIESALONG WITH PROVIDING FOR TEAM LEAGUE & FIELD FEES | $10,000 |
MADISONVILLE BRAVES YOUTH ORGANIZATION PURPOSE: PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT, UNIFORMS & TROPHIESALONG WITH PROVIDING FOR TEAM LEAGUE & FIELD FEES | $10,000 |
JOSEPH HOUSE INC PURPOSE: MILITARY ORGANIZATION GRANT IN CORPORATION WITH MAJOR LEAGUE BASEBALL | $15,346 |