Rafts INC FY2020 filing

Tax-deductible

Lewiston, ME501(c)(3)Since 1984EIN 22-2480417Revenue $1.7M in FY2020

On file with the IRS47 Wood St, 04240-6844 · Lewiston, METax-exempt since Mar 1984Publicly supported charity — 170(b)(1)(A)(vi)

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Provide housing and care to mental health clients at three group home settings

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $151K a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$214K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.6M
To programs
94%
Net assets
$299K
By yearFY2020–FY2025
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$2.3M
FY2023$2.5M
FY2024$2.7M
FY2025$2.7M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$2.2M
FY2023$2.3M
FY2024$2.5M
FY2025$2.5M
Net assets
$299K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$299K
FY2021$373K
FY2022$509K
FY2023$663K
FY2024$897K
FY2025$1.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.5M Management & general 6% · $102K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Administrator
$86,010Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Harold Strout$120,891$120,317$116,720$101,068$93,565$86,010

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing and care for mental health clients in three group homes.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2019
01

Provide housing and care to mental health clients at three group home settings

$1.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$1K
Investment incomeLn 3$16
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$102K
Owns and owesPt X
$299K
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$514K
LiabilitiesLn 26$214K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$16
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$268
Cash and savings togetherLn 1–2$188K
Land, buildings, equipmentLn 10c$170K
Total assetsLn 16$514K
LiabilitiesLn 26$214K
Net assetsLn 32$299K
OperationsPt I, VI
EmployeesI 542
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$122K$188K
Land, buildings, equipmentLn 10c$163K$170K
Total assetsLn 16$446K$514K
LiabilitiesLn 26$419K$214K
Net assetsLn 32$28K$299K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$943K$857K$86K
Pension plan contributionsLn 8$18K$18K
Other employee benefitsLn 9$174K$165K$9K
Payroll taxesLn 10$75K$68K$7K
Accounting feesLn 11c$54K$54K
Other fees for servicesLn 11g$70$70
OccupancyLn 16$72K$72K
TravelLn 17$5K$5K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$164K$164K
All other expensesLn 24e$20K$20K
Total functional expensesLn 25$1.6M$1.5M$102K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.7M$2.5M$145K$1.0M 990 PDF
FY2024 $2.7M$2.5M$235K$897K 990 PDF
FY2023 $2.5M$2.3M$154K$663K 990 PDF
FY2022 $2.3M$2.2M$135K$509K 990 PDF
FY2021 $1.6M$1.5M$74K$373K 990 PDF
FY2020 Viewing $1.7M$1.6M$165K$299K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,745,004 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50$1,307
I-9 Program service revenuePrior year $1,465,649$1,743,681
I-10 Investment incomePrior year $12$16
I-11 Other revenue$0
I-12 Total revenuePrior year $1,465,711$1,745,004
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,058,679$1,210,932
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $347,758$369,456
I-18 Total expensesPrior year $1,406,437$1,580,388
I-19 Revenue less expensesPrior year $59,274$164,616
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,745,004 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,307
VIII-1h Total contributions, gifts and grants$1,307
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,743,681$1,743,681
VIII-3 Investment incomeExcluded from tax $16$16
VIII-12 Total revenueRelated to mission $1,743,681 · Unrelated business $0 · Excluded from tax $16$1,745,004
Part IX · Statement of functional expenses $1,580,388 across 13 lines filed
IX-7 Other salaries and wagesPrograms $857,360 · Management $86,010$943,370
IX-8 Pension plan contributionsPrograms $18,248$18,248
IX-9 Other employee benefitsPrograms $165,391 · Management $8,854$174,245
IX-10 Payroll taxesPrograms $68,400 · Management $6,669$75,069
IX-11c Accounting feesPrograms $54,000$54,000
IX-11g Other fees for servicesPrograms $70$70
IX-16 OccupancyPrograms $71,634$71,634
IX-17 TravelPrograms $4,580$4,580
IX-20 InterestPrograms $8,566$8,566
IX-22 Depreciation, depletion and amortizationPrograms $21,620$21,620
IX-23 InsurancePrograms $25,325$25,325
IX-24 Other expenses (24a–d)Programs $163,859$163,859
IX-24e All other expensesPrograms $19,802$19,802
IX-25 Total functional expensesPrograms $1,478,855 · Management $101,533 · Fundraising $0$1,580,388
Part X · Balance sheet $513,685 assets, 9 lines filed
Asset lines not itemized here account for $4,869; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $113,709$188,120
X-2 Savings and temporary cash investmentsStart of year $8,690$268
X-4 Accounts receivableStart of year $159,152$150,069
X-10c Land, buildings and equipment, netStart of year $162,792$170,359
X-16 Total assetsStart of year $446,150$513,685
X-17 Accounts payable and accrued expensesStart of year $203,986$117,252
X-26 Total liabilitiesStart of year $418,559$214,208
X-32 Total net assets or fund balancesStart of year $27,591$299,477
X-33 Total liabilities and net assetsStart of year $446,150$513,685
Part XI · Reconciliation of net assets $299,477 net assets at year end
XI-1 Total revenue$1,745,004
XI-2 Total expenses$1,580,388
XI-3 Revenue less expenses$164,616
XI-4 Net assets at start of year$27,591
XI-8 Prior period adjustments$107,270
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,477

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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