Nonprofit · EIN 51-0188377
RACINE COMMUNITY FOUNDATION INC
Tax-exempt · RACINE, WI 53406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,508,942 | $4,160,598 | $11,348,344 | $95,602,631 | $8,117,835 | $87,484,796 |
| December 31, 2024 | 990 | $6,122,615 | $4,710,322 | $1,412,293 | $81,594,304 | $7,610,955 | $73,983,349 |
| December 31, 2023 | 990 | $4,540,164 | $4,510,997 | $29,167 | $78,819,850 | $7,486,260 | $71,333,590 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,570,285
- Program service revenue
- $75,337
- Investment income
- $8,863,225
- Net gain from sales of assets
- $8,021,790
- Other revenue
- $95
Expenses
- Grants and similar amounts paid
- $3,249,137
- Compensation of officers, directors and key employees
- $186,154
- Other salaries and wages
- $148,124
- Salaries, compensation and benefits (total)
- $364,016
- Professional fundraising fees
- $0
- Accounting fees
- $18,600
- Occupancy
- $62,921
- Travel
- $399
- Depreciation
- $4,412
- Program services (functional)
- $3,249,137
- Management and general (functional)
- $847,226
- Fundraising (functional)
- $64,235
Balance sheet and other
- Total assets, start of year
- $81,594,304
- Total assets, end of year
- $95,602,631
- Total liabilities, end of year
- $8,117,835
- Net assets, end of year
- $87,484,796
- Land, buildings and equipment
- $10,337
- Publicly traded securities
- $70,254,544
- Net assets without donor restrictions
- $7,099,230
- Net assets with donor restrictions
- $80,385,566
- Gross receipts
- $59,048,732
- Employees
- 3
- Volunteers
- 59
- Year formed
- 1975
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH POWELL | PRESIDENT & CEO Officer | 40 | $176,622 | $9,532 |
| MICHELLE GABOR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUSTUS MORGAN | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE JOHNSON | TREASURER/VICE CHAIR OF FINANCE Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN KIESIG | VICE CHAIR OF INVESTMENTS Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD RUFFO | VICE CHAIR OF DONOR DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 |
| ART HOWELL | VICE CHAIR OF GRANTS Trustee or director, Officer | 1 | $0 | $0 |
| STEVE DONOVAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANNA CLEMENTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER EASTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN MCCABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL STREETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER WYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE FARBO | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY MADALA | DIRECTOR Trustee or director | 1 | $0 |
| PETER REYNOLDS | DIRECTOR Trustee or director | 1 | $0 |
| TASHA WOODS | DIRECTOR (FROM DEC 2025) Trustee or director | 1 | $0 |
| WES WALSH | DIRECTOR (FROM DEC 2025) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH POWELL | PRESIDENT & CEO Officer | 40 | $168,211 | $10,171 |
| MICHELLE GABOR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVE JOHNSON | TREASURER/VICE CHAIR OF FINANCE Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN KIESIG | VICE CHAIR OF INVESTMENTS Trustee or director, Officer | 1 | $0 | $0 |
| JUSTUS MORGAN | VICE CHAIR OF GRANTS Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD RUFFO | VICE CHAIR OF DONOR DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE DONOVAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANNA CLEMENTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER EASTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ART HOWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN MCCABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORY SEBASTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL STREETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER WYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE FARBO | DIRECTOR (FROM DEC 2024) Trustee or director | 1 | $0 | $0 |
| ASHLEY MADALA | DIRECTOR (FROM DEC 2024) Trustee or director | 1 | $0 | $0 |
| PETER REYNOLDS | DIRECTOR (FROM DEC 2024) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH POWELL | PRESIDENT & CEO Officer | 40 | $160,201 | $4,806 |
| ERIC OLESEN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE GABOR | TREASURER/VICE CHAIR OF FINANCE Trustee or director, Officer | 1 | $0 | $0 |
| STEVE DONOVAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JUSTUS MORGAN | VICE CHAIR OF GRANTS Trustee or director, Officer | 1 | $0 | $0 |
| GREGG ANDEREGG | VICE CHAIR OF DONOR DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 |
| KATHY CISZEWSKI | VICE CHAIR OF INVESTMENTS Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN KIESIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ART HOWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN MCCABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD RUFFO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORY SEBASTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL STREETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER WYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNA CLEMENTI BEG DEC 2023 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER EASTMAN BEG DEC 2023 | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1135 WARWICK WAY STE 200, RACINE, WI 53406-5610
- Principal officer (990 for 2025)
- ELIZABETH POWELL, 1135 WARWICK WAY 200, RACINE, WI 53406
- Signed the 990
- ELIZABETH POWELL, PRESIDENT & CEO
- Phone
- (262) 632-8474
- Return prepared by
- WEGNER CPAS LLP
Mission
THE MISSION OF THE RACINE COMMUNITY FOUNDATION IS TO PROVIDE FUNDING TO RACINE COUNTY'S HARD WORKING NONPROFIT ORGANIZATIONS BY STEWARDING OUR ENDOWMENT TO SUSTAIN THIS SUPPORT FOR GENERATIONS.
Program accomplishments
- THE RACINE COMMUNITY FOUNDATION FUNDS OTHER NON-PROFIT COMMUNITY ORGANIZATIONS TO HELP STRENGTHEN AND DELIVER PROGRAMS THAT ARE VITAL TO THE PEOPLE OF RACINE COUNTY. IN 2025, THE RACINE COMMUNITY FOUNDATION AWARDED OVER $3.24 MILLION IN GRANTS, PRIMARILY IN THE CATEGORIES OF ARTS AND CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENTAL, HEALTH, AND HUMAN SERVICES. DURING THE YEAR THE RACINE COMMUNITY FOUNDATION AWARDED 57 ARTS AND CULTURE, 147 COMMUNITY DEVELOPMENT, 237 EDUCATION, 29 ENVIRONMENTAL, 51 HEALTH, AND 166 HUMAN SERVICES GRANTS. A TOTAL OF 687 GRANTS WERE AWARDED.Expenses $3,249,137 · grants $3,249,137 · revenue $75,337
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0188377
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $95,602,631
- Income (IRS master file)
- $59,048,732
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,508,942 | $4,160,598 | $95,602,631 | XML |
| 990 | December 2024 | $6,122,615 | $4,710,322 | $81,594,304 | XML |
| 990 | December 2023 | $4,540,164 | $4,510,997 | $78,819,850 | XML |
| 990 | December 2022 | $4,559,798 | $4,206,701 | $73,452,695 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0188377).
Questions about RACINE COMMUNITY FOUNDATION INC
- What is the EIN of RACINE COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of RACINE COMMUNITY FOUNDATION INC is 51-0188377.
- Is RACINE COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to RACINE COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACINE COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RACINE COMMUNITY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACINE COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RACINE COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names ELIZABETH POWELL.
- Who are the officers and directors of RACINE COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 19 people; 1 received compensation from the organization, the highest $176,622 (ELIZABETH POWELL, PRESIDENT & CEO).
- How much revenue does RACINE COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,508,942, expenses of $4,160,598 and total assets of $95,602,631 at year end.
Other nonprofits in RACINE
- JOHNSON FOUNDATION INC EIN 38-3675289 · last filed 990-PF for 2025
- UNITED WAY OF RACINE COUNTY INC EIN 39-0806349 · last filed 990 for 2025
- JOHNSON FAMILY FOUNDATION TR EIN 36-7092273 · last filed 990-PF for 2025
- FINAO INC EIN 82-1543204 · last filed 990 for 2024
- RUUD FAMILY FOUNDATION INC EIN 39-1915760 · last filed 990-PF for 2025
- RUFFO FAMILY FOUNDATION INC EIN 82-5171174 · last filed 990-PF for 2025
- J VERNON STEINLE AND ELMIRA K STEINLE FOUNDATION INC EIN 39-1934819 · last filed 990-PF for 2024
- CALEDONIA CONSERVANCY LTD EIN 39-1822368 · last filed 990 for 2024
All nonprofits in RACINE · Wisconsin · Philanthropy, voluntarism and grantmaking foundations