Redwood Credit Union Community Fund Inc
- Assets
- $8.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-5084832
Organization Overview
Redwood Credit Union Community Fund Inc is located in Santa Rosa, CA. The organization was established in 2015. 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. Redwood Credit Union Community Fund 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, Redwood Credit Union Community Fund Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $553.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Redwood Credit Union Community Fund Inc has awarded 115 individual grants totaling $20,578,464. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING TO MAKE A MEANINGFUL IMPACT IN ADVANCING THE WELL-BEING OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL LITERACY INITIATIVES TO EDUCATE PEOPLE OF ALL AGES IN ESSENTIAL MONEY MANAGEMENT SKILLS.
DISASTER AND FIRE RELIEF FOR SURVIVORS OF THE 2020 AND 2021 FIRES TO HELP RETURN THE HEALTH AND VIBRANCY TO COMMUNITIES AFFECTED BY NATURAL DISASTERS. THIS PROGRAM PROVIDES SUPPORT TO PARTNER ORGANIZATIONS IN AFFECTED AREAS AS WELL AS DIRECT SUPPORT TO INDIVIDUALS AND FAMILIES.
EMPLOYEE GIVING CAMPAIGN - EMPLOYEES OF REDWOOD CREDIT UNION MAY DONATE TO THE ORGANIZATION THROUGH PAYROLL DEDUCTION AND DESIGNATE THE GRANTEE RECIPIENTS THAT ARE 501(C)(3) PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Negri President | OfficerTrustee | 1 | $0 |
Mishel Kaufman Vice President/secretary | OfficerTrustee | 2 | $0 |
Dan Moylan Treasurer | OfficerTrustee | 1 | $0 |
Penny Cleary Director Thru 12/23/21 | Trustee | 2 | $0 |
Andy Ramos Director Thru 6/30/21 | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,382,125 |
| Total Program Service Revenue | $0 |
| Investment income | $114,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,528,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $396,355 |
| Grants and other assistance to domestic individuals. | $75,109 |
| 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 | $0 |
| Fees for services: Legal | $299 |
| Fees for services: Accounting | $30,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,684 |
| Fees for services: Other | $23,475 |
| Advertising and promotion | $0 |
| Office expenses | $229 |
| Information technology | $556 |
| 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 | $7,967 |
| Insurance | $2,590 |
| All other expenses | $1,385 |
| Total functional expenses | $552,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,924 |
| Savings and temporary cash investments | $3,311,731 |
| 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 | $13,277 |
| Investments—publicly traded securities | $5,078,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,601,859 |
| Accounts payable and accrued expenses | $1,876 |
| Grants payable | $215,435 |
| 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 | $217,311 |
| Net assets without donor restrictions | $8,384,548 |
| 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 | $8,601,859 |
Grants Awarded
Over the last fiscal year, Redwood Credit Union Community Fund Inc has awarded $321,593 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: SUPPORT FINANCIAL WELL-BEING EFFORTS | $250,000 |
Clearlake, CA PURPOSE: PURCHASE AND CONSTRUCTION OF EMERGENCY SUPPLY WAREHOUSE | $30,000 |
Santa Rosa, CA PURPOSE: FIRE SURVIVOR RELIEF | $17,824 |
Santa Rosa, CA PURPOSE: GENERAL SUPPORT - EMPLOYEE GIVING CAMPAIGN | $12,317 |
Santa Rosa, CA PURPOSE: GENERAL SUPPORT - EMPLOYEE GIVING CAMPAIGN | $6,352 |
Santa Rosa, CA PURPOSE: GENERAL SUPPORT - EMPLOYEE GIVING CAMPAIGN | $5,100 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Redwood Credit Union Community Fund Inc has recieved totaling $29,800.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $13,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,800 |
Craig And Kathryn Hall Foundation Dallas, TX PURPOSE: FIRE RELIEF GRANT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |