THE CINCINNATI REDS COMMUNITY FUND

EIN: 311790195 501(c)(3) Community Improvement

CINCINNATI, OH

Total Revenue
$2,934,353
Total Expenses
$3,197,265
Total Assets
$7,591,858
Net Assets
$6,946,856
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
OH
Principal Officer
CHARLEY FRANK
Phone
5137657015
Tax Period
2023-01-01 to 2023-12-31

THE CINCINNATI REDS COMMUNITY FUND, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2023. Net assets of $6.9M represent 28 months of operating reserves.

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.

Program Service Accomplishments

Program 1
Expenses: $1,360,833

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...

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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.

Program 2
Expenses: $335,425

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...

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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.

Program 3
Expenses: $118,002

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...

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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.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,010,489
Program Service Revenue $0
Investment Income $86,048
Other Revenue $-162,184
TOTAL REVENUE $2,934,353

Expense Breakdown

Grants Paid $274,776
Salaries & Benefits $1,035,370
Fundraising Expenses $415,061
Program Expenses $2,560,887
Other Expenses $1,887,119
TOTAL EXPENSES $3,197,265

Year-over-Year Comparison

2023 2022 Change
Revenue $2,934,353 $2,758,776 +0.1%
Expenses $3,197,265 $3,422,600 -0.1%
Net Income $-262,912 $-663,824 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
23
Volunteers
1250

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$326,960
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OWEN WRASSMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM BUTLER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RANDY FREKING TREASURER 1.00
Officer Director
$0 $0 $0
BARB SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
DOUG ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL AQUINO BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN BLINN BOARD MEMBER 1.00
Director
$0 $0 $0
PHILLIP J CASTELLINI BOARD MEMBER 1.00
Director
$0 $0 $0
MARK CLIPPINGER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
BILL DAGGY BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSEY DINGELDEIN BOARD MEMBER 1.00
Director
$0 $0 $0
AARON EISEL BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN FORGUS BOARD MEMBER 1.00
Director
$0 $0 $0
DOUGLAS HEALY BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
MORRIS LENCZICKI BOARD MEMBER 1.00
Director
$0 $0 $0
HANK MENNINGER BOARD MEMBER 1.00
Director
$0 $0 $0
TIM O'CONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
KITTY ROSENTHAL BOARD MEMBER 1.00
Director
$0 $0 $0
KIM VINCENT BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES FRANK EXECUTIVE DIRECTOR 40.00
Officer
$170,444 $31,938 $202,382
MATTHEW WRASSMAN DIRECTOR OF FINANCE & ADMIN 40.00
Officer
$105,558 $19,020 $124,578
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,934,353 $3,197,265 $7,591,858 $-262,912
2022 $2,758,776 $3,422,600 $7,788,183 $-663,824
2021 $3,512,302 $3,009,695 $8,201,245 $502,607
2020 $2,434,228 $1,894,772 $8,126,039 $539,456
2019 $2,047,948 $2,827,324 $8,025,026 $-779,376
2018 $3,175,487 $2,850,458 $8,395,322 $325,029
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