Richmond Community Foundation
- Assets
- $7.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, CA
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 94-3337754
Organization Overview
Richmond Community Foundation is located in Richmond, CA. The organization was established in 2000. 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. Richmond 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 06/2022, Richmond Community Foundation generated $4.3m 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 (12.6%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richmond Community Foundation has awarded 196 individual grants totaling $9,912,065. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HEALTHY, SUSTAINABLE COMMUNITIES THROUGHOUT RICHMOND AND CONTRA COSTS COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARKPOINT CONTRA COSTA: SERVED 1,034 CLIENTS THROUGH ITS FOUR OFFICES IN CONTRA COSTA COUNTY. THE PROGRAM CONTINUES TO EXCEED ITS METRICS FOR HELPING CLIENTS INCREASE INCOME, INCREASE SAVINGS, AND REDUCE DEBT. 74% OF CLIENTS MADE A 30% OR GREATER IMPROVEMENT WITH THEIR DEBT, INCOME, SAVINGS AND/OR CREDIT WITHIN 3 MONTHS TIME. SPCC ALSO HAS OFFICES AT THE CONTRA COSTA COLLEGE CENTER AND DIABLO VALLEY COLLEGE.
HEALTHY RICHMOND: A 10-YEAR PARTNERSHIP TO CREATE MEANINGFUL AND LASTING IMPROVEMENTS IN THE HEALTH OF CHILDREN AND YOUTH IN RICHMOND. RICHMOND IS ONE OF 14 COMMUNITIES ACROSS CALIFORNIA TAKING PART IN A STATEWIDE INITIATIVE CALLED BUILDING HEALTHY COMMUNITIES, SPONSORED BY THE CALIFORNIA ENDOWMENT. THE PROGRAM COMPLETED A NEIGHBORHOOD IMPROVEMENT PLAN FOR NORTH RICHMOND, AND IMPACTED HEALTH ACCESS AND POLICIES.
EQUIP RICHMOND: A MULTI-YEAR ECONOMIC REVITALIZATION STRATEGY THAT INCREASES AND SUSTAINS COMMUNITY ECONOMIC VIABILITY THROUGH SERVICES THAT IMPROVE ECONOMIC SELF-SUFFICIENCY AND HELP SMALL BUSINESSES CREATE AND SUSTAIN JOBS. THE GOALS OF THE PROJECT ARE TO BUILD THAT CAPACITY OF RICHMOND/NORTH RICHMOND COMMUNITY ORGANIZATIONS TO DELIVER ECONOMIC BENEFITS TO THEIR COMMUNITIES AND BUILD INDIVIDUAL CAPACITY AND BETTER CONDITIONS FOR CURRENT RESIDENTS. CURRENTLY FIVE PROJECTS ARE PART OF THE EQUIP RICHMOND INITIATIVE. THESE INCLUDE A COOPERATIVE BUSINESS HUB (COBIZ), A COMPREHENSIVE EMPLOYMENT TRAINING CENTER (CET), A SOCIAL ENTERPRISE FOR A LOCAL NONPROFIT (POGO PARK PRODUCTS), A CONSTRUCTION RESOURCE CENTER, AND FINALLY, BARRIER REMOVAL SERVICES FOR THOSE CLIENTS ENROLLED IN THE OTHER PROJECTS SO THAT THEY CAN ACHIEVE SUCCESS.
ENSURING OPPORTUNITY: A COLLABORATIVE EFFORT TO END POVERTY IN CONTRA COSTA BY FOCUSING ON POLICY CHANGE AND MOVEMENT BUILDING. IT'S CURRENT PRIORITIES INCLUDE POLICIES AND MOVEMENT BUILDING FOR RACIAL EQUITY, HOUSING STABILITY, AND BUDGET JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Medley Vice Chair | OfficerTrustee | 3 | $0 |
Cynthia Leblanc Co-Chair | OfficerTrustee | 3 | $0 |
Lucinda Bazile Secretary | OfficerTrustee | 3 | $0 |
Richard Hong Co-Chair | OfficerTrustee | 3 | $0 |
Jennifer Clauson Director | Trustee | 2 | $0 |
Mitzi Perez-Caro Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,158,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,483,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,642,131 |
| Total Program Service Revenue | $0 |
| Investment income | $120,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$483,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,311,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400,514 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,308 |
| Compensation of current officers, directors, key employees. | $295,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,891,742 |
| Pension plan accruals and contributions | $66,738 |
| Other employee benefits | $235,204 |
| Payroll taxes | $173,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,699 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,912 |
| Fees for services: Other | $820,633 |
| Advertising and promotion | $0 |
| Office expenses | $96,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,788 |
| Travel | $26,961 |
| 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 | $707 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,233,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,098,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $274,685 |
| Accounts receivable, net | $155,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,415 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,653 |
| Net Land, buildings, and equipment | $7,782 |
| Investments—publicly traded securities | $3,331,165 |
| Investments—other securities | $0 |
| Investments—program-related | $1,394,180 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,321,513 |
| Accounts payable and accrued expenses | $612,849 |
| Grants payable | $0 |
| 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 | $2,482,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,095,053 |
| Net assets without donor restrictions | $335,546 |
| Net assets with donor restrictions | $3,890,914 |
| 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 | $7,321,513 |
Grants Awarded
Over the last fiscal year, Richmond Community Foundation has awarded $735,909 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BAY AREA LEGAL AIDE PURPOSE: ECONOMIC DEVELOPMENT | $50,300 |
BRIGHTER BEGINNINGS PURPOSE: ECONOMIC DEVELOPMENT | $175,406 |
COMMUNITY HOUSING DEVELOPMENT CORP PURPOSE: ECONOMIC DEVELOPMENT | $65,302 |
DREAMCATCHERS EMPOWERMENT NETWORK PURPOSE: ECONOMIC DEVELOPMENT | $25,847 |
OPPORTUNITY JUNCTION PURPOSE: ECONOMIC DEVELOPMENT | $91,770 |
ABEL COMMUNITY DEVELOPMENT FOUNDATION PURPOSE: EMERGENCY RENTAL ASSISTANCE | $35,000 |