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Resource Capital Funds Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$233k (2024)

Expenses
$241k (2024)

Total Assets
$2.79M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$232,728
Expenses
$241,428
Net Income
-$8,700
Net Assets
$2,785,568
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $171
0.1%
Interest Revenue $0
Dividends $93,824
40.3%
Sales of Assets $138,733
59.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $219,154
90.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,785,568
Total Liabilities $0
Net Assets $2,785,568
Compensation
Key Employees and Officers Compensation Other
Sherri Croasdale (Pres. & Chai) $0 $0
Elise Pauly (Treasurer) $0 $0
Meghan Mosvick (Asst.Treas &) $0 $0
Emily Cassidy (Sec & Grant) $0 $0
James T Mcclements (Director) $0 $0
Michele Valenti (Director) $0 $0
Jasper Bertisen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$178,624
Expenses
$285,729
Net Income
-$107,105
Net Assets
$2,794,268
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $105,321
59.0%
Sales of Assets $73,303
41.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $267,000
93.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,794,268
Total Liabilities $0
Net Assets $2,794,268
Compensation
Key Employees and Officers Compensation Other
Sherri Croasdale (Pres. & Chai) $0 $0
James T Mcclements (Director) $0 $0
Jose Rico (Treas Thru 5) $0 $0
Katie Eggleston (Asst Treas T) $0 $0
Emily Cassidy (Sec & Grant) $0 $0
Michele Valenti (Director) $0 $0
Jasper Bertisen (Director) $0 $0
Kevin D'souza (Director) $0 $0
Elise Pauly (Treasurer) $0 $0
Meghan Mosvick (Asst. Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$122,942
Expenses
$157,669
Net Income
-$34,727
Net Assets
$2,901,373
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $125,792
> 100%
Sales of Assets -$2,850
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $134,800
85.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,901,373
Total Liabilities $0
Net Assets $2,901,373
Compensation
Key Employees and Officers Compensation Other
Sherri Croasdale (Pres. & Dir.) $0 $0
James T Mcclements (Chair & Dir.) $0 $0
Jose Rico (Treasurer) $0 $0
Megan Anderson (Asst. Treas.) $0 $0
Palak Patel (Sec & Grant) $0 $0
Katie Eggleston (Asst. Treas/) $0 $0
Emily Cassidy (Sec & Grant) $0 $0
Michele Valenti (Director) $0 $0
Allison Forrest (Director) $0 $0
Jasper Bertisen (Director) $0 $0
Kevin D'souza (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$206,753
Expenses
$196,720
Net Income
$10,033
Net Assets
$2,936,100
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $90,612
43.8%
Sales of Assets $116,141
56.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $172,846
87.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,936,100
Total Liabilities $0
Net Assets $2,936,100
Compensation
Key Employees and Officers Compensation Other
Sherri Croasdale (President & Director) $0 $0
James T Mc Clements (Chair & Director) $0 $0
Jose Rico (Treasurer) $0 $0
Megan Anderson (Assistant Treas. & Acctg Officer) $0 $0
Palak Patel (Secretary & Grant Officer) $0 $0
Michele Valenti (Director) $0 $0
Allison Forrest (Director) $0 $0
Jasper Bertisen (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$135,975
Expenses
$208,837
Net Income
-$72,862
Net Assets
$2,926,066
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $82,781
60.9%
Sales of Assets $53,194
39.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $190,339
91.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,926,067
Total Liabilities $1
Net Assets $2,926,066
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Jose Rico (Treasurer) $0 $0
Ross R Bhappu (Director) $0 $0
Michele Valenti (Director) $0 $0
Megan Anderson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$126,748
Expenses
$216,128
Net Income
-$89,380
Net Assets
$2,998,928
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $98,787
77.9%
Sales of Assets $27,961
22.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $191,812
88.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,998,929
Total Liabilities $1
Net Assets $2,998,928
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Jose Rico (Treasurer) $0 $0
Ross R Bhappu (Director) $0 $0
Michaele Valenti (Director) $0 $0
Megan Anderson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$158,090
Expenses
$174,168
Net Income
-$16,078
Net Assets
$3,088,309
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $84,177
53.2%
Sales of Assets $73,913
46.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $154,050
88.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,088,309
Total Liabilities $0
Net Assets $3,088,309
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Sherri Croasdale (Treasurer) $0 $0
Ryan T Bennett (Director) $0 $0
Russell L Cranswick (Director) $0 $0
Mason G Hills (Director) $0 $0
Ross R Bhappu (Director) $0 $0
Peter B Nicholson (Director) $0 $0
Catherine J Boggs (Secretary) $0 $0
Lori A Franks (Secretary) $0 $0
Michael J Rowe (Director) $0 $0
David A Thomas (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$110,114
Expenses
$248,378
Net Income
-$138,264
Net Assets
$3,104,387
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $75,133
68.2%
Sales of Assets $34,981
31.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $228,091
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,104,387
Total Liabilities $0
Net Assets $3,104,387
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Sherri Croasdale (Treasurer) $0 $0
Ryan T Bennett (Director) $0 $0
Russell L Cranswick (Director) $0 $0
Mason G Hills (Director) $0 $0
Ross R Bhappu (Director) $0 $0
Peter B Nicholson (Director) $0 $0
Catherine J Boggs (Secretary) $0 $0
Lori A Franks (Secretary) $0 $0
Michael J Rowe (Director) $0 $0
David A Thomas (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$88,472
Expenses
$147,012
Net Income
-$58,540
Net Assets
$3,242,651
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $72,031
81.4%
Sales of Assets $16,441
18.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $127,740
86.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,242,651
Total Liabilities $0
Net Assets $3,242,651
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Sherri Croasdale (Treasurer) $0 $0
Ryan T Bennett (Director) $0 $0
Russell L Cranswick (Director) $0 $0
Mason G Hills (Director) $0 $0
Ross R Bhappu (Director) $0 $0
Peter B Nicholson (Director) $0 $0
Catherine J Boggs (Secretary) $0 $0
Lori A Franks (Secretary) $0 $0
Michael J Rowe (Director) $0 $0
David A Thomas (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$678,452
Expenses
$115,149
Net Income
$563,303
Net Assets
$3,301,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $600,000
88.4%
Interest Revenue $0
Dividends $59,424
8.8%
Sales of Assets $19,028
2.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $97,670
84.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,301,191
Total Liabilities $0
Net Assets $3,301,191
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Sherri Croasdale (Treasurer) $0 $0
Ryan T Bennett (Director) $0 $0
Russell L Cranswick (Director) $0 $0
Mason G Hills (Director) $0 $0
Ross R Bhappu (Director) $0 $0
Peter B Nicholson (Director) $0 $0
Catherine J Boggs (Secretary) $0 $0
Lori A Franks (Secretary) $0 $0
Michael J Rowe (Director) $0 $0
David A Thomas (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$683,672
Expenses
$99,533
Net Income
$584,139
Net Assets
$2,737,888
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $600,000
87.8%
Interest Revenue $0
Dividends $53,502
7.8%
Sales of Assets $30,170
4.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,725
85.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,737,888
Total Liabilities $0
Net Assets $2,737,888
Compensation
Key Employees and Officers Compensation Other
James T Mc Clements (President & Chair) $0 $0
Brian T Dolan (Vice President) $0 $0
Sherri Croasdale (Treasurer) $0 $0
Ryan T Bennett (Director) $0 $0
Russell L Cranswick (Director) $0 $0
Mason G Hills (Director) $0 $0
Ross R Bhappu (Director) $0 $0
Peter B Nicholson (Director) $0 $0
Catherine J Boggs (Secretary) $0 $0
Lori A Franks (Secretary) $0 $0
Michael J Rowe (Director) $0 $0
David A Thomas (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$928,649
Expenses
$75,524
Net Income
$853,125
Net Assets
$2,153,749
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
86.1%
Interest Revenue $0
Dividends $28,430
3.1%
Sales of Assets $100,219
10.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,812
87.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,153,749
Total Liabilities $0
Net Assets $2,153,749

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,879
Expenses
$43,868
Net Income
$17,011
Net Assets
$1,300,624
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,136
39.6%
Sales of Assets $36,743
60.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,562
94.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,300,624
Total Liabilities $0
Net Assets $1,300,624

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$44,794
Expenses
$39,378
Net Income
$5,416
Net Assets
$1,283,613
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $18,690
41.7%
Sales of Assets $26,104
58.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,855
98.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,283,613
Total Liabilities $0
Net Assets $1,283,613

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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