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← CINCINNATI REDS COMMUNITY FUND

Form 990 for tax year 2023

Filed by CINCINNATI REDS COMMUNITY FUND.

Totals

Total revenue
$2,934,353
Total expenses
$3,197,265
Contributions and grants received
$3,010,489
Grants paid
$274,776
Program service revenue
$0
Investment income
$86,048
Other revenue
-$162,184
Total assets, end of year
$7,591,858
Total liabilities, end of year
$645,002
Net assets or fund balances, end of year
$6,946,856
Program services expenses (Part IX)
$2,560,887
Management and general expenses
$221,317
Fundraising expenses
$415,061
Program service expenses (Part III)
$2,560,887

Program services were 80.1% 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

    $634,975

  • 1f · All other contributions, gifts and grants

    $2,375,514

  • 3 · Investment income

    total $86,048 · excluded $86,048

  • 8a · Fundraising events: gross income

    $1,788,857

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

    $634,975

  • 8b · Fundraising events: direct expenses

    $2,621,112

  • 8c · Net income from fundraising events

    total -$832,255 · excluded -$832,255

  • 9a · Gaming: gross income

    $1,344,892

  • 9b · Gaming: direct expenses

    $674,821

  • 9c · Net income from gaming

    total $670,071 · excluded $670,071

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $274,776 · program services $274,776

  • 5 · Compensation of officers, directors and key employees

    total $326,960 · program services $193,703 · management and general $26,353 · fundraising $106,904

  • 7 · Other salaries and wages

    total $588,720 · program services $363,075 · management and general $41,045 · fundraising $184,600

  • 8 · Pension plan contributions

    total $45,508 · program services $20,975 · management and general $6,350 · fundraising $18,183

  • 9 · Other employee benefits

    total $7,251 · program services $3,342 · management and general $1,012 · fundraising $2,897

  • 10 · Payroll taxes

    total $66,931 · program services $37,053 · management and general $7,332 · fundraising $22,546

  • 11g · Fees: other

    total $333,891 · program services $320,214 · management and general $2,487 · fundraising $11,190

  • 12 · Advertising and promotion

    total $11,016 · program services $11,016

  • 13 · Office expenses

    total $109,511 · program services $95,855 · management and general $5,357 · fundraising $8,299

  • 16 · Occupancy

    total $129,864 · program services $9,523 · management and general $110,818 · fundraising $9,523

  • 17 · Travel

    total $53,101 · program services $51,799 · management and general $237 · fundraising $1,065

  • 22 · Depreciation, depletion and amortization

    total $308,265 · program services $308,265

  • 24a · Other expenses: EQUIPMENT RENTALS

    total $571,902 · program services $571,902

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $209,912 · program services $209,353 · management and general $559

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $51,829 · program services $41,094 · management and general $1,952 · fundraising $8,783

  • 24d · Other expenses: SUPPLIES

    total $5,814 · program services $5,814

  • 24e · All other expenses

    total $102,014 · program services $43,128 · management and general $17,815 · fundraising $41,071

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,289 · end of year $532,738

  • 2 · Savings and temporary cash investments

    beginning of year $73,757 · end of year $59,040

  • 3 · Pledges and grants receivable

    beginning of year $82,139 · end of year $107,538

  • 4 · Accounts receivable

    beginning of year $1,485,860 · end of year $808,657

  • 8 · Inventories for sale or use

    beginning of year $143,533 · end of year $131,169

  • 10a · Land, buildings and equipment: cost or other basis

    $8,438,655

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,485,939

  • 10c · Land, buildings and equipment, net

    beginning of year $5,802,605 · end of year $5,952,716

  • 17 · Accounts payable and accrued expenses

    beginning of year $310,122 · end of year $547,102

  • 24 · Unsecured notes and loans payable

    beginning of year $68,005 · end of year $38,860

  • 25 · Other liabilities

    beginning of year $200,289 · end of year $59,040

  • 27 · Net assets without donor restrictions

    beginning of year $7,154,612 · end of year $6,921,856

  • 28 · Net assets with donor restrictions

    beginning of year $55,155 · end of year $25,000

Mission and programs · 2023

Mission

THE REDS COMMUNITY FUND IS DEDICATED TO IMPROVING THE LIVES OF YOUTHS BY LEVERAGING THE TRADITION OF THE CINCINNATI REDS AND THE GAME OF BASEBALL.

  • THE P&G MLB CINCINNATI REDS YOUTH ACADEMY WAS ESTABLISHED IN 2009 AND OPERATED FOR FIVE YEARS AT A TEMPORARY LOCATION IN CONJUNCTION WITH CINCINNATI PUBLIC SCHOOLS. THE INDOOR TRAINING FACILITY IN ROSELAWN (OPENED IN 2014) HOSTS FREE, YEAR-ROUND BASEBALL AND SOFTBALL INSTRUCTION ALONG WITH EDUCATIONAL PROGRAMMING. PROGRAM GOALS INCLUDE INCREASING PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL, ENCOURAGING ACADEMIC ACHIEVEMENT AND EMPHASIZING GOOD CHARACTER DEVELOPMENT.

    Expenses $1,360,833

  • THE REDS COMMUNITY FUND'S FIELD RENOVATION PROGRAM UNDERWRITES THE EXPENSE FOR IMPROVEMENTS TO AREA YOUTH BASEBALL FIELDS THROUGHOUT REDS COUNTRY. UPGRADES INCLUDE NEW SOIL FOR THE INFIELDS, TURF UPGRADES IN THE OUTFIELDS, BACKSTOP REPAIRS, FENCING, DUGOUTS AND MORE. APPLICANTS WHO WISH TO RECEIVE FUNDING FOR A FIELD RENOVATION PROJECT MUST HAVE A SPECIFIC NEED AND COMPLETE AN ONLINE APPLICATION PROCESS PROVIDING INFORMATION ON THE PROJECT SUCH AS LOCATION, MAINTENANCE SCHEDULE AND MOST IMPORTANTLY, SCOPE OF USE FOR EACH FIELD.

    Expenses $335,425 · Grants $100,000

  • THE REDS COMMUNITY FUND YOUTH BASEBALL & SOFTBALL FUNDING INITIATIVE PROVIDES SUPPORT TO OVER 300 BOYS BASEBALL AND GIRLS SOFTBALL TEAMS. ORGANIZATIONS RECEIVE FUNDING TO PURCHASE UNIFORMS, EQUIPMENT AND COVER VARIOUS OPERATING EXPENSES. QUALIFYING ORGANIZATIONS MUST OPERATE IN "REDS COUNTRY," DEMONSTRATE FINANCIAL NEED, AND PARTICIPATE IN A MINIMUM OF THREE COMMUNITY SERVICE OR FUNDRAISING ACTIVITIES THROUGHOUT THE YEAR. SPECIFIC PROGRAMS THAT ARE SUPPORTED INCLUDE THE P&G MLB CINCINNATI REDS YOUTH ACADEMY, GREATER CINCINNATI KNOTHOLE, CINCINNATI PUBLIC SCHOOLS AND REVIVING BASEBALL IN INNER CITIES.

    Expenses $118,002 · Grants $174,776

  • REVIVING BASEBALL IN INNER CITIES (RBI) IS A MAJOR LEAGUE BASEBALL YOUTH OUTREACH PROGRAM DESIGNED TO: - INCREASE PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL AMONG UNDERSERVED YOUTH - PROMOTE GREATER INCLUSION OF YOUTH WITH DIVERSE BACKGROUNDS INTO THE MAINSTREAM OF THE GAME - INCREASE NUMBER OF TALENTED ATHLETES PREPARED TO PLAY IN COLLEGE AND PROFESSIONALLY - ENCOURAGE ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND MODEL CITIZENSHIP - TEACH THE VALUE OF TEAMWORK

    Expenses $746,627

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • OWEN WRASSMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIM BUTLER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RANDY FREKING

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BARB SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DOUG ADAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROL AQUINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN BLINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP J CASTELLINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK CLIPPINGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL DAGGY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDSEY DINGELDEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AARON EISEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAREN FORGUS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS HEALY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES KELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MORRIS LENCZICKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HANK MENNINGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM O'CONNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KITTY ROSENTHAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM VINCENT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES FRANK

    EXECUTIVE DIRECTOR

    Total calculated
    $202,382
    From this org
    $170,444
    From related orgs
    $0
    Other
    $31,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,853
    Bonus
    $23,344
    Other
    $1,247
    Deferred
    $16,566
    Nontaxable benefits
    $15,372
    Filer's total
    $202,382

  • MATTHEW WRASSMAN

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $124,578
    From this org
    $105,558
    From related orgs
    $0
    Other
    $19,020
    Hours/week
    40

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

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

  • AUGUSTA INDEPENDENT EDUCATIONAL FOUNDATION INC

    $100,000

    RENOVATION AND INSTALLATION OF A LOCAL SYNTHETIC YOUTH BASEBALL & SOFTBALL FIELD

  • PITCH IN FOR BASEBALL & SOFTBALL

    $86,556

    PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT

  • ACTIVITIES BEYOND THE CLASSROOM

    $27,874

    PROVIDE BASEBALL & SOFTBALL FUNDING TO CINCINNATI PUBLIC HIGH SCHOOL TEAMS

  • JOSEPH HOUSE INC

    $15,346

    MILITARY ORGANIZATION GRANT IN CORPORATION WITH MAJOR LEAGUE BASEBALL

  • BELLEVUE VETERANS CLUB INC

    $10,000

    PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT, UNIFORMS & TROPHIESALONG WITH PROVIDING FOR TEAM LEAGUE & FIELD FEES

  • MADISONVILLE BRAVES YOUTH ORGANIZATION

    $10,000

    PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT, UNIFORMS & TROPHIESALONG WITH PROVIDING FOR TEAM LEAGUE & FIELD FEES

  • TIMOTHY PATTON DBA NORTH AVONDALE BOOSTER

    $10,000

    PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT, UNIFORMS & TROPHIESALONG WITH PROVIDING FOR TEAM LEAGUE & FIELD FEES

  • POPE ATHLETICS

    $10,000

    PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT, UNIFORMS & TROPHIESALONG WITH PROVIDING FOR TEAM LEAGUE & FIELD FEES

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349309054

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