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Nonprofiteer
← RCM COMMUNITY FUND INC

Form 990 for tax year 2023

Filed by RCM COMMUNITY FUND INC.

Totals

Total revenue
$103,423
Total expenses
$181,313
Contributions and grants received
$123,796
Grants paid
$150,467
Program service revenue
$0
Investment income
$0
Other revenue
-$20,373
Total assets, end of year
$156,071
Total liabilities, end of year
$15,885
Net assets or fund balances, end of year
$140,186
Program services expenses (Part IX)
$181,313
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$181,313

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

    $84,550

  • 1f · All other contributions, gifts and grants

    $39,246

  • 8a · Fundraising events: gross income

    $53,150

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

    $84,550

  • 8b · Fundraising events: direct expenses

    $73,523

  • 8c · Net income from fundraising events

    total -$20,373 · excluded -$20,373

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $64,851 · program services $64,851

  • 2 · Grants to domestic individuals

    total $85,616 · program services $85,616

  • 11g · Fees: other

    total $10,048 · program services $10,048

  • 13 · Office expenses

    total $437 · program services $437

  • 14 · Information technology

    total $1,250 · program services $1,250

  • 24a · Other expenses: WRITE-OFF PROMISES TO G

    total $12,900 · program services $12,900

  • 24b · Other expenses: MISC SCHOLARSHIP RELATE

    total $6,211 · program services $6,211

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216,186 · end of year $154,243

  • 3 · Pledges and grants receivable

    beginning of year $28,550 · end of year $0

  • 4 · Accounts receivable

    end of year $45

  • 9 · Prepaid expenses and deferred charges

    end of year $1,783

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,660 · end of year $15,635

  • 19 · Deferred revenue

    beginning of year $20,000 · end of year $250

  • 27 · Net assets without donor restrictions

    beginning of year $17,193 · end of year $12,118

  • 28 · Net assets with donor restrictions

    beginning of year $200,883 · end of year $128,068

Mission and programs · 2023

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 $181,313 · Grants $150,467

As filed on the 2023 return.

Listed in Part VII

  • Saj Thachenkary

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Mary McCormick

    SECRETARY

    Total calculated
    $155,595
    From this org
    $0
    From related orgs
    $135,000
    Other
    $20,595
    Hours/week
    2

  • 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.

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
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202540519349301429

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