Civic Intelligence

Rcm Community Fund Inc.

990 • Fiscal year 2023 • EIN 47-5109357

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 12, 2024

750 N Lincoln Memorial Dr 320Milwaukee, WI 53202

(414) 276-4425

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.11x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$140,595

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 63.7% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

51%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$244,736

Up $24,498 (+11%) from 2022

Net Assets

Up

$218,076

Up $34,301 (+19%) from 2022

Liabilities

Down

$26,660

Down $9,803 (-27%) from 2022

Revenue

Up

$220,792

Up $74,363 (+51%) from 2022

Expenses

Up

$186,491

Up $22,796 (+14%) from 2022

Net Income

Up

$34,301

Up $51,567 (+299%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2016: $98,389Liabilities 2016: $29,491Net Assets 2016: $68,8982016Assets 2017: $191,586Liabilities 2017: $38,196Net Assets 2017: $153,3902017Assets 2018: $397,965Liabilities 2018: $6,298Net Assets 2018: $391,6672018Assets 2019: $333,149Liabilities 2019: $150,800Net Assets 2019: $182,3492019Assets 2020: $145,337Liabilities 2020: $24,895Net Assets 2020: $120,4422020Assets 2021: $240,768Liabilities 2021: $39,727Net Assets 2021: $201,0412021Assets 2022: $220,238Liabilities 2022: $36,463Net Assets 2022: $183,7752022Assets 2023: $244,736Liabilities 2023: $26,660Net Assets 2023: $218,0762023Assets 2024: $156,071Liabilities 2024: $15,885Net Assets 2024: $140,1862024Assets 2025: $512,305Liabilities 2025: $91,410Net Assets 2025: $420,8952025

Highlighted filing

2023

Assets$244,736
Liabilities$26,660
Net Assets$218,076

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2016: $125,763Expenses 2016: $56,865Net Income 2016: $68,8982016Revenue 2017: $86,961Expenses 2017: $17,018Net Income 2017: $69,9432017Revenue 2018: $347,922Expenses 2018: $109,645Net Income 2018: $238,2772018Revenue 2019: $123,169Expenses 2019: $332,487Net Income 2019: -$209,3182019Revenue 2020: $68,748Expenses 2020: $130,655Net Income 2020: -$61,9072020Revenue 2021: $174,558Expenses 2021: $93,959Net Income 2021: $80,5992021Revenue 2022: $146,429Expenses 2022: $163,695Net Income 2022: -$17,2662022Revenue 2023: $220,792Expenses 2023: $186,491Net Income 2023: $34,3012023Revenue 2024: $103,423Expenses 2024: $181,313Net Income 2024: -$77,8902024Revenue 2025: $463,015Expenses 2025: $182,306Net Income 2025: $280,7092025

Highlighted filing

2023

Revenue$220,792
Expenses$186,491
Net Income$34,301
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 12, 2024
Return Version
2022v5.0
Gross Receipts
$298,643
Mission and Program Overview

Mission

Supports the charitable work of 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$179,838$216,186▲ $36,348
Pledges and Grants Receivable$40,400$28,550▼ $11,850
Total Assets$220,238$244,736▲ $24,498
Liabilities
Deferred Revenue$26,400$20,000▼ $6,400
Accounts Payable and Accrued Expenses$10,063$6,660▼ $3,403
Total Liabilities$36,463$26,660▼ $9,803
Net Assets / Fund Balance
Net Assets With Donor Restrictions$165,687$200,883▲ $35,196
Net Assets Without Donor Restrictions$18,088$17,193▼ $895
Total Net Assets Fund Balance$183,775$218,076▲ $34,301
Total Liabilities and Net Assets / Fund Balance$220,238$244,736▲ $24,498
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mary MccormickSecretary$140,595$140,595

Board Members and Trustees

NameTitle
Karen HungPresident
Kristin BergstromDirector
William ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$241,310
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-20,518
All Other Contributions
$108,875
Change in Net Assets
$34,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$165,617
Other Expenses$20,874
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$97,606--$97,606
Grants to Domestic Orgs$68,011--$68,011
Fees for Services Other$10,049--$10,049
Other Expenses$9,323--$9,323
Information Technology$1,000--$1,000
Office Expenses$502--$502
Total Functional Expenses$186,491$0$0$186,491
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rotary Club of Milwaukee Community TrustMilwaukee, WI501(c)(3)To Support Charitable Projects and Scholarship Programs$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$77,851
Fundraising Gross Income$57,333
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Community Classic Golf Outing$159,768$57,333$25,434$31,899
Live at the Lakefront$30,000-$3,595-
Total Events$189,768$57,333$77,851$-20,518
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization has provided the 990 to the directors in advance of the 990 filing. The directors carefully review and approve the audit and 990 in advance of the 990 filing.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available to members via the related organizations' website.

Filing and Contact Details

Filer

Filer Name
Rcm Community Fund
EIN
47-5109357
Phone
4142764425
Address
750 N LINCOLN MEMORIAL DR 320, MILWAUKEE, WI 53202

Signing Officer

Name
Mary Mccormick
Title
Executive Director
Phone
4142764425
Signed
2024-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Mccormick
Formed
2016
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Reilly Penner & Benton Llp
Address
1233 NORTH MAYFAIR RD SUITE 302, MILWAUKEE, WI 53226-3255
Preparer
Joshua Bierbach
Phone
4142717800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under the internal revenue code section 501(c)(3) and the related wisconsin code sections. The organization has implemented accounting for uncertainty in income taxes in accordance with accounting principles generally accepted in the united states of america. This standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognizing, interest, penalties and disclosures required. The organization recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt027
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV - CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt023000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT CHARITABLE PROJECTS AND SCHOLARSHIP PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROTARY CLUB OF MILWAUKEE COMMUNITY TRUST
IRS990ScheduleI/RecipientTable/RecipientEIN0930756960
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0750 N LINCOLN MEMORIAL DR 320
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053202
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV - CASH
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PROVIDED THE 990 TO THE DIRECTORS IN ADVANCE OF THE 990 FILING. THE DIRECTORS CAREFULLY REVIEW AND APPROVE THE AUDIT AND 990 IN ADVANCE OF THE 990 FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS VIA THE RELATED ORGANIZATIONS' WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROTARY CLUB OF MILWAUKEE COMMUNITY TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ROTARY CLUB OF MILWAUKEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE ROTARY FOUNDATION OF ROTARY INTERNATIONAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0930756960
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1390579290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2363245072
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE CHARITABLE GIFTS TO QUALIFIED ORGANIZATIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE SERVICES TO SOCIAL AND CIVIC ORGANIZATIONS TO PROMOTE SOCIAL AND CIV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDE CHARITABLE GIFTS TO QUALIFIED ORGANIZATIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0750 N LINCOLN MEMORIAL DRIVE 320
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1750 N LINCOLN MEMORIAL DRIVE 320
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21560 SHERMAN AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MILWAUKEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MILWAUKEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2EVANSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd153202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd260201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt023000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt138100
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2750
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0TRANSFER OF CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1TRANSFER OF CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2TRANSFER OF CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ROTARY CLUB OF MILWAUKEE COMMUNITY TRUST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ROTARY CLUB OF MILWAUKEE COMMUNITY TRUST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2ROTARY CLUB OF MILWAUKEE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0220238
IRS990/TotalAssetsEOYAmt0244736
IRS990/TotalAssetsGrp/BOYAmt0220238
IRS990/TotalAssetsGrp/EOYAmt0244736
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0241310
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0186491
IRS990/TotalFunctionalExpensesGrp/TotalAmt0186491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036463
IRS990/TotalLiabilitiesEOYAmt026660
IRS990/TotalLiabilitiesGrp/BOYAmt036463
IRS990/TotalLiabilitiesGrp/EOYAmt026660
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0183775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0218076
IRS990/TotalOtherCompensationAmt020595
IRS990/TotalProgramServiceExpensesAmt0186491
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-20518
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0220792
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0220238
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0244736
IRS990/TotReportableCompRltdOrgAmt0120000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0750 N LINCOLN MEMORIAL DR 320
IRS990/USAddress/CityNm0MILWAUKEE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053202
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02

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