First Bank Richmond Inc Community Foundation
- Assets
- $0.0
- Revenue
- $399.9k
- Investments
- $7.0m
- Employees
- 0
- Location
- Richmond, IN
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-2280161
Organization Overview
First Bank Richmond Inc Community Foundation is located in Richmond, IN. The organization was established in 2020. 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. First Bank Richmond Inc Community Foundation 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, First Bank Richmond Inc Community Foundation generated $399.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.5%) each year. All expenses for the organization totaled $611.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, First Bank Richmond Inc Community Foundation has awarded 343 individual grants totaling $6,691,817. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Chairman Of The Board | 1 | $0 | |
Name Not Listed Vice President And Treasurer | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,877 |
| Dividends & Interest | $390,326 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $72,007 |
| Contributions, gifts, grants paid | $539,214 |
| Total expenses and disbursements | $611,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,936 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, First Bank Richmond Inc Community Foundation has awarded $2,097,873 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER WAY SERVICES PURPOSE: GENERAL | $4,000 |
ADULT DAY CARE OF RICHMOND PURPOSE: GENERAL | $500 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL | $1,000 |
AMIGOS THE RICHMOND LATINO CENTER PURPOSE: GENERAL | $7,500 |
ANIMAL CARE ALLIANCE COMPANY PURPOSE: GENERAL | $3,500 |
ARCHWAY DAYS FESTIVAL INC PURPOSE: GENERAL | $2,000 |