Rcu Foundation Inc
- Assets
- $5.6m
- Revenue
- $1.7m
- Investments
- $307.6k
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1588898
Organization Overview
Rcu Foundation Inc is located in Eau Claire, WI. The organization was established in 2014. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rcu Foundation 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 12/2021, Rcu Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rcu Foundation Inc has awarded 70 individual grants totaling $5,036,913. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCK THE RIVERFRONT
PRAIRIE BURN FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Huffcutt Secretary | 1 | $0 | |
Douglas Olson Director | 1 | $0 | |
John Sackett Chair | 1 | $0 | |
Brandon Riechers Treasurer | 1 | $0 | |
Annie Brose Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,629,375 |
| Interest on Savings | $29,989 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,613 |
| Total Revenue | $1,663,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,696 |
| Total operating and administrative expenses | $20,988 |
| Contributions, gifts, grants paid | $2,173,500 |
| Total expenses and disbursements | $2,194,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178 |
| Savings and temporary cash investments | $3,729,424 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,562,487 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $307,634 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,599,723 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,835,500 |
| Deferred revenue | $617 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,836,117 |
Grants Awarded
Over the last fiscal year, Rcu Foundation Inc has awarded $2,173,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
WHITEHALL PUBLIC LIBRARY PURPOSE: NEW BUILDING | $200,000 |
MONDOVI PUBLIC LIBRARY PURPOSE: LIBRARY RENOVATION PROJECT | $200,000 |
Eau Claire, WI PURPOSE: NEW BUILDING | $166,667 |
HUDSON SPORTS AND CIVIC CENTER PURPOSE: BUILDING RENOVATION | $150,000 |
CARPENTER NATURE CENTER PURPOSE: CLASSROOM | $150,000 |
HUDSON SPORTS AND CIVIC CENTER PURPOSE: BUILDING RENOVATION | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rcu Foundation Inc has recieved totaling $1,466,434.
| Awarding Organization | Amount |
|---|---|
Royal Credit Union Eau Claire, WI PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO THE FOUNDATION TO FULFILL ITS EXEMPT PURPOSE. | $1,466,434 |