Richland County Foundation Of Mansfield
- Assets
- $206.2m
- Revenue
- $12.6m
- Investments
- $32.8m
- Employees
- 7
- Location
- Mansfield, OH
- Founding
- 06/1951
- Data as of
- 12/2023
- EIN
- 34-0872883
Organization Overview
Richland County Foundation Of Mansfield is located in Mansfield, OH. The organization was established in 1951. 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 12/2023, Richland County Foundation Of Mansfield employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland County Foundation Of Mansfield 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, Richland County Foundation Of Mansfield generated $12.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. While expenses have increased by 4.1% 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, Richland County Foundation Of Mansfield has awarded 815 individual grants totaling $56,762,487. 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 MISSION OF THE RICHLAND COUNTY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE IN RICHLAND COUNTY THROUGH STRATEGIC PHILANTHROPY AND COMMUNITY LEADERSHIP. GRANTS ARE DISTRIBUTED FOR CHARITABLE PURPOSES IN THE AREAS OF HEALTH, ECONOMIC DEVELOPMENT, BASIC HUMAN NEEDS, EDUCATION, ENVIRONMENT, AND COMMUNITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICHLAND COUNTY FOUNDATION IS AN ORGANIZATION THAT MAKES GRANTS PRIMARILY FROM THE INVESTMENT EARNINGS OF ITS COMPONENT FUNDS. THESE GRANTS SUPPORT THE PROGRAMS AND OPERATIONS OF MANY CHARITABLE ORGANIZATIONS IN THE LOCAL COMMUNITY AS WELL AS STUDENTS ATTENDING COLLEGE. DURING 2023, 501 GRANTS TOTALING 5,273,334 WERE AWARDED TO 348 CHARITABLE ORGANIZATIONS. IN ADDITION, 348 SCHOLARSHIP GRANTS TOTALING 966,609 WERE AWARDED TO LOCAL STUDENTS PURSUING A POST SECONDARY EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradford S Groves Former Presi | Officer | 38 | $158,555 |
Rachel Weber Director Of | Officer | 38 | $110,000 |
Robert T Barrett V.P. Finance | Officer | 38 | $22,771 |
Karen Bierly Trustee | Trustee | 1 | $0 |
Joseph Bocka Trustee | Trustee | 1 | $0 |
Brigette Burnell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jumpstart Inc Consulting Svc | 12/30/15 | $260,000 |
Hartland & Co Invest Adv Svc | 12/30/15 | $112,002 |
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 | $2,419,073 |
| Noncash contributions included in lines 1a–1f | $915,578 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,419,073 |
| Total Program Service Revenue | $0 |
| Investment income | $4,809,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,334,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,579,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,273,334 |
| Grants and other assistance to domestic individuals. | $966,609 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,326 |
| Compensation of current officers, directors, key employees. | $165,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,400 |
| Pension plan accruals and contributions | $23,882 |
| Other employee benefits | $73,578 |
| Payroll taxes | $44,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,628 |
| Fees for services: Accounting | $21,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $289,961 |
| Fees for services: Other | $14,833 |
| Advertising and promotion | $0 |
| Office expenses | $22,753 |
| Information technology | $51,583 |
| Royalties | $0 |
| Occupancy | $32,432 |
| Travel | $2,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,422 |
| Insurance | $13,906 |
| All other expenses | $20,474 |
| Total functional expenses | $7,717,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,918 |
| Savings and temporary cash investments | $3,994,985 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,130,755 |
| Investments—publicly traded securities | $168,292,840 |
| Investments—other securities | $32,755,143 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,192,641 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $9,661,880 |
| Total liabilities | $9,661,880 |
| Net assets without donor restrictions | $110,583,500 |
| Net assets with donor restrictions | $85,947,261 |
| 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 | $206,192,641 |
Grants Awarded
Over the last fiscal year, Richland County Foundation Of Mansfield has awarded $5,148,729 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CHILDREN'S HOSPITAL FOUNDATIO PURPOSE: CHILD INJURY PREVENT | $9,989 |
BUCKEYE IMAGINATION MUSEUM PURPOSE: CAPITAL CAMPAIGN | $351,850 |
ALZHEIMER'S ASSOCIATION - NW OHIO PURPOSE: EXPANDING OUTREACH | $7,134 |
AMERICAN RED CROSS PURPOSE: MEETING NEEDS | $15,797 |
BUCKEYE COUNCIL BSA INC PURPOSE: AKEYLA WASHROOMS | $277,205 |
CATALYST LIFE SERVICES PURPOSE: GENERAL SUPPORT | $12,131 |