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Nonprofiteer
← RICHMOND COMMUNITY SERVICES FOUNDATION INC

Form 990 for tax year 2022

Filed by RICHMOND COMMUNITY SERVICES FOUNDATION INC.

Totals

Total revenue
$259,027
Total expenses
$228,753
Contributions and grants received
$270,211
Grants paid
$129,389
Program service revenue
$0
Investment income
$35,708
Other revenue
-$46,892
Total assets, end of year
$1,545,097
Total liabilities, end of year
$732,963
Net assets or fund balances, end of year
$812,134
Program services expenses (Part IX)
$129,389
Management and general expenses
$95,105
Fundraising expenses
$4,259
Program service expenses (Part III)
$129,389

Program services were 56.6% 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

    $111,734

  • 1f · All other contributions, gifts and grants

    $158,477

  • 3 · Investment income

    total $28,055 · excluded $28,055

  • 7a · Gross sales of assets other than inventory

    securities $280,479

  • 7b · Less cost or other basis and sales expenses

    securities $272,826

  • 7c · Gain or loss

    securities $7,653

  • 7d · Net gain or loss

    total $7,653 · excluded $7,653

  • 8a · Fundraising events: gross income

    $17,825

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

    $111,734

  • 8b · Fundraising events: direct expenses

    $64,717

  • 8c · Net income from fundraising events

    total -$46,892 · excluded -$46,892

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $129,389 · program services $129,389

  • 11f · Fees: investment management

    total $1,592 · management and general $1,592

  • 11g · Fees: other

    total $89,760 · management and general $85,501 · fundraising $4,259

  • 19 · Conferences, conventions and meetings

    total $350 · management and general $350

  • 24a · Other expenses: MISCELLANEOUS

    total $5,923 · management and general $5,923

  • 24b · Other expenses: LEASED EQUIPMENT AND VE

    total $947 · management and general $947

  • 24c · Other expenses: SUPPLIES

    total $792 · management and general $792

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,525 · end of year $177,462

  • 3 · Pledges and grants receivable

    beginning of year $23,302 · end of year $6,275

  • 11 · Investments: publicly traded securities

    beginning of year $1,593,727 · end of year $1,361,360

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,500 · end of year $11,836

  • 25 · Other liabilities

    beginning of year $874,572 · end of year $721,127

  • 27 · Net assets without donor restrictions

    beginning of year $588,490 · end of year $634,026

  • 28 · Net assets with donor restrictions

    beginning of year $481,992 · end of year $178,108

Mission and programs · 2022

Mission

RICHMOND COMMUNITY SERVICES FOUNDATION, INC. PROMOTES AND SUPPORTS MISSIONS OF ITS AFFILIATED ORGANIZATION, RICHMOND CHILDREN'S CENTER, INC. (D/B/A RICHMOND COMMUNITY SERVICES).

Activities or mission (Part I)

RICHMOND COMMUNITY SERVICES, FOUNDATION, INC. PROMOTES AND SUPPORTS MISSIONS OF ITS AFFILIATED ORGANIZATION, RICHMOND CHILDREN'S CENTER, INC. (D/B/A RICHMOND COMMUNITY SERVICES).

  • GRANTS TO AFFILIATED 501(C)(3) ORGANIZATION, RICHMOND CHILDRENS CENTER, INC. (D/B/A RICHMOND COMMUNITY SERVICES) AND OTHER MISCELLANEOUS GRANTS. THESE GRANTS ENABLE THE ORGANIZATIONS TO PROVIDE THE QUALITY SERVICES THAT THESE MOST FRAGILE INDIVIDUALS REQUIRE. THESE GRANTS HAVE PROVIDED FOR INCREASED INDEPENDENCE, IMPROVED ACCESSIBILITY, RECREATIONAL OPPORTUNITIES, COMMUNITY INCLUSION OPPORTUNITIES AND ASSISTIVE TECHNOLOGY TO AID COMMUNICATION.

    Expenses $129,389 · Grants $129,389

As filed on the 2022 return.

Listed in Part VII

  • Carol Baron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ravi Sarma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Schottenfeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Goldman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terri Schottenfeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Kaplan

    VP FINANCE/CFO

    Total calculated
    $271,791
    From this org
    $0
    From related orgs
    $224,350
    Other
    $47,441
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,576 related
    Bonus
    $0
    Other
    $0 + $774 related
    Deferred
    $0 + $11,217 related
    Nontaxable benefits
    $0 + $36,224 related
    Filer's total
    $0 + $271,791 related

  • Stanojka Lipovac

    PRESIDENT/CEO

    Total calculated
    $390,928
    From this org
    $0
    From related orgs
    $330,084
    Other
    $60,844
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,945 related
    Bonus
    $0
    Other
    $0 + $8,139 related
    Deferred
    $0 + $16,504 related
    Nontaxable benefits
    $0 + $44,340 related
    Filer's total
    $0 + $390,928 related

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

None.

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)

SCHEDULE J PT II LINE B III
THE AMOUNTS REPORTED IN THIS COLUMN INCLUDES CAR ALLOWANCE FOR SOME INDIVIDUALS.

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349309933

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