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RIO VERDE COMMUNITY FOUNDATION INC

Rio Verde, AZ · EIN 823791959 · Form 990 · FY2022 · NTEE T30 · Philanthropy & Grantmaking · Small ($100K-$1M) · rioverdecommunityfoundation.org
revenue
$235K
expenses
$183K
net assets
$102K
employees
0
volunteers
8
program ratio
95%
mission · from form 990

To raise funds for charitable projects and scholarships that provides benefits and opportunities for the surrounding Rio Verde Community.

profile · synthesized from sources

The Rio Verde Community Foundation supports community development in Rio Verde, Arizona through grantmaking and scholarships. It provides funding to local projects focused on education, health, culture, and safety, and offers scholarships to employees of the Rio Verde Country Club and their children. The foundation operates as an independent 501(c)(3) organization, separate from the country club and community association.

irs program accomplishments · form 990 part iii · fy2022

what they reported doing

Program narrative the organization filed with the IRS. Ordered by program spending.

  1. #1 primary $16K
    Provided college scholarships to four individuals, totaling $15,630.
  2. #2 $4K
    Purchased a water fountain for the community sports area; distribution of $3,000.
named programs · 3 · from sources

what they call their work

Community Grant Program
Competitive grant program funding local projects in education, health, arts, safety, and community development that benefit Rio Verde residents
Handrail Safety Project
Infrastructure improvement initiative providing assistance handrails to enhance safety for community members
Rio Verde Employee and Dependent Scholarship Fund
Provides scholarships to employees of the Rio Verde Country Club and their children pursuing higher education or professional certifications
activities · 2 groups

what they do

  • Merit-Based Educational Scholarships 5 activities
    • Awards annual grants and scholarships to support community initiatives
      Distributes funds annually through a competitive grant-making process to address emerging community needs, including awarding scholarships to 18 individuals and supporting educational, cultural, and health-related projects since 2019.
    • Awards grants and scholarships to support community projects
      Has funded scholarships for 18 individuals and supported educational, cultural, and health-related projects since 2019, including direct donations such as $3,000 to the Sojourner Center.
    • Provides financial support for scholarships and community projects
      Has funded scholarships for 18 individuals and supported educational, cultural, and health-related initiatives since 2019, including a $3,000 donation to the Sojourner Center.
    • Provides financial support for scholarships and community projects
      Has funded scholarships for 18 individuals and supported educational, cultural, and health-related initiatives since 2019, including direct donations such as $3,000 to the Sojourner Center.
    • Scholarship and Project Funding
      Funds scholarships for individuals and supports various educational, cultural, and health-related projects, having funded 18 scholarships and multiple projects since 2019, including a $3,000 donation to the Sojourner Center.
  • Uncategorized 8 activities
    • Accepts ongoing contributions and grant proposals
      Accepts contributions and grant proposals on a continuous basis to support its grant-making and charitable activities.
    • Administers competitive grant-making process
      Distributes funds annually through a competitive grant application and review process to support charitable purposes and address emerging community needs. Requires submission of a completed Grant Request Form for consideration.
    • Administers competitive grant-making process
      Reviews grant proposals through a formal application and review process, requiring submission of a completed Grant Request Form and involving its Board of Directors in funding decisions to support charitable initiatives aligned with its mission.
    • Community Grantmaking
      Distributes funds through an annual, competitive grant application and review process to address emerging community needs and support charitable purposes. The organization accepts contributions and grant proposals on an ongoing basis, requiring a completed Grant Request Form for consideration.
    • Facilitates funding decisions and accepts grant proposals
      Facilitates grant funding decisions through its Board of Directors in alignment with organizational mission and vision, and accepts contributions and grant proposals on an ongoing basis.
    • Facilitates funding decisions and grant administration
      Board of Directors facilitates funding and grant decisions in alignment with the organization’s mission and vision, while accepting contributions and grant proposals on an ongoing basis.
    • Facilitates funding decisions and grant distribution
      Board of Directors facilitates funding and grant decisions in alignment with the organization’s mission and vision, overseeing the distribution of grants to community initiatives.
    • Makes direct charitable donations
      Provides direct financial support to charitable organizations, such as a $3,000 donation to the Sojourner Center at a charity event.
financials · form 990 · fy2022
revenue
Total revenue$235K
Contributions & grants$235K100%
Program service revenue$00%
Investment income$340%
Other revenue$0
expenses
Total expenses$183K
Program expenses95%
Admin / overhead2%
Fundraising3%
Salaries & benefits$0
Grants paid out$174K
Largest expense lineCompensation
balance sheet
Total assets$102K
Cash$102K
Investments$0
Liabilities$0
Net assets$102K
Liquid reserves6.7 mo
2 years on record · 2021–2022 · YoY revenue +53.6%
leadership · form 990 part vii · fy2022

who runs it

board members · 8
  • Barbara Baker — Director
  • Greg harvey — Director
  • Jack arnold — President
  • Peg Zarlengo — Secretary
  • Scott Mosby — Director
  • Terry Cummings — Director
  • Tricia Wolber — Director
  • Wimp Lister — Vice President & Treasurer
relationships · 7

who they work with

  • Community Church of the Verdes Partner — Rod Bulcher, a board member of the Foundation, is a choir member at the Community Church of the Verdes.
  • Rio Verde Community Association Partner — Adopted a Vision, Values and Culture Statement in 2023 that guides the Foundation's grant-making.
  • Rio Verde Community Foundation Board of Directors Partner — Board members serve as points of contact and advisors for grant applicants and inquiries.
  • Rio Verde Country Club Partner — Jennifer Page, a board member of the Foundation, serves as secretary of the Golf Committee for the Rio Verde Country Club.
  • Rotary Club of the Verdes Partner — Bruce Peterson, a board member of the Foundation, helped establish the Rotary Club of the Verdes.
  • Sojourner Center Partner — Received a $3,000 donation from the Foundation.
  • The Club Partner — Adopted a Vision, Values and Culture Statement in 2023 that guides the Foundation's grant-making.