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Nonprofiteer
← RCM COMMUNITY FUND INC

Form 990 for tax year 2024

Filed by RCM COMMUNITY FUND INC.

Totals

Total revenue
$463,015
Total expenses
$182,306
Contributions and grants received
$461,417
Grants paid
$86,000
Program service revenue
$56,167
Investment income
$2,726
Other revenue
-$57,295
Total assets, end of year
$512,305
Total liabilities, end of year
$91,410
Net assets or fund balances, end of year
$420,895
Program services expenses (Part IX)
$182,306
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$182,306

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $123,035

  • 1d · Related organizations

    $45,000

  • 1f · All other contributions, gifts and grants

    $293,382

  • 2a · Program service revenue: GUATEMALA TRIP INCOME

    total $56,167 · related or exempt $56,167

  • 3 · Investment income

    total $2,726 · related or exempt $2,726

  • 8a · Fundraising events: gross income

    $22,875

  • 8a · Fundraising events: contributions included on line 1c

    $123,035

  • 8b · Fundraising events: direct expenses

    $84,220

  • 8c · Net income from fundraising events

    total -$61,345 · excluded -$61,345

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,050 · related or exempt $4,050

  • 11e · Other revenue, total

    $4,050

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,000 · program services $14,000

  • 2 · Grants to domestic individuals

    total $72,000 · program services $72,000

  • 24a · Other expenses: GUATEMALA TRIP EXPENSES

    total $56,167 · program services $56,167

  • 24b · Other expenses: MISC SCHOLARSHIP RELATE

    total $26,120 · program services $26,120

  • 24c · Other expenses: B-LINE PARK EXPENSES

    total $7,159 · program services $7,159

  • 24d · Other expenses: MISCELLANEOUS

    total $6,860 · program services $6,860

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,243 · end of year $366,410

  • 3 · Pledges and grants receivable

    end of year $144,550

  • 4 · Accounts receivable

    beginning of year $45 · end of year $745

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,783 · end of year $600

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,635 · end of year $19,410

  • 19 · Deferred revenue

    beginning of year $250 · end of year $72,000

  • 27 · Net assets without donor restrictions

    beginning of year $12,118 · end of year $4,454

  • 28 · Net assets with donor restrictions

    beginning of year $128,068 · end of year $416,441

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE ECONOMICALLY DISADVANTAGED CHILDREN AND TO GENERALLY SUPPORT THE CHARITABLE WORK OF THE RCM COMMUNITY TRUST AND THE ROTARY CLUB OF MILWAUKEE

Activities or mission (Part I)

TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE ECONOMICALLY DISADVANTAGED CHILDREN AND TO GENERALLY SUPPORT THE CHARITABLE WORK OF THE RCM COMMUNITY TRUST AND THE ROTARY CLUB OF MILWAUKEE.

  • TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE ECONOMICALLY DISADVANTAGED CHILDREN AND TO GENERALLY SUPPORT THE CHARITABLE WORK OF THE RCM COMMUNITY TRUST AND THE ROTARY CLUB OF MILWAUKEE

    Expenses $182,306 · Grants $86,000

As filed on the 2024 return.

Listed in Part VII

  • SAJ THACHENKARY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARY MCCORMICK

    SECRETARY

    Total calculated
    $159,267
    From this org
    $0
    From related orgs
    $137,792
    Other
    $21,475
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $129,792 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $12,836 related
    Nontaxable benefits
    $0 + $8,639 related
    Filer's total
    $0 + $159,267 related

  • WILLIAM COLEMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN BERGSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
APPROVED BY RCM BOARD OF DIRECTORS

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533289349300143

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