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
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 |
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 |
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 |