Rcu Foundation Inc
- Assets
- $6.0m
- Revenue
- $2.1m
- Investments
- $915.0k
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 07/2014
- Data as of
- 12/2023
- 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 12/2023, Rcu Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $936.3k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 8 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 2016, Rcu Foundation Inc has awarded 103 individual grants totaling $7,070,953. 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
2023
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 |
|---|---|---|---|
John Sackett Chair | 1 | $0 | |
Tom Huffcutt Secretary | 1 | $0 | |
Brandon Riechers Treasurer | 1 | $0 | |
Douglas Olson Director | 1 | $0 | |
Annie Brose Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,966,567 |
| Interest on Savings | $152,886 |
| 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 | $0 |
| Total Revenue | $2,119,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,952 |
| Total operating and administrative expenses | $39,774 |
| Contributions, gifts, grants paid | $896,519 |
| Total expenses and disbursements | $936,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,212,661 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,854,075 |
| 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 | $915,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,981,736 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $382,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $382,000 |
Grants Awarded
Over the last fiscal year, Rcu Foundation Inc has awarded $824,519 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BELWIN CONSERVANCY PURPOSE: BUILDING RENOVATION | $50,000 |
UWEC FOUNDATION PURPOSE: SIMPSON FIELD IMPROVEMENTS | $400,000 |
MEDFORD AREA FOR TOMORROW INC PURPOSE: PARK PAVILION | $100,000 |
ROSEVILLE HIGH SCHOOL BASEBALL BOOSTERS PURPOSE: SCOREBOARD | $30,000 |
CREATE MPLS PURPOSE: EXPANSION | $10,000 |
CERENTIY SENIOR CENTER PURPOSE: BUILDING RENOVATION | $62,629 |