Ravens Foundation INC

Tax-deductible

Owings Mills, MD501(c)(3)Human ServicesEIN 52-1987065

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Improving the conditions of underprivileged families.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $242K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$403K
140% of total assets
Concern: liabilities are 140% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$612K
-15% vs prior year
Spent
$900K
To programs
95%
Net assets
−$116K
By yearFY2020–FY2024
Revenue
$612K
FY2024▼ -15%
Revenue by fiscal year
FY2020$906K
FY2021$669K
FY2022$938K
FY2023$716K
FY2024$612K
Expenses
$900K
FY2024▲ +19%
Expenses by fiscal year
FY2020$527K
FY2021$667K
FY2022$987K
FY2023$755K
FY2024$900K
Net assets
−$116K
FY2024▼ -167%
Net assets by fiscal year
FY2020$258K
FY2021$259K
FY2022$211K
FY2023$172K
FY2024−$116K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1998.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $859K Management & general 5% · $41K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director/Vice-Chair
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ravens Foundation INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps underprivileged families improve their living conditions.

Provided by the organization

This section is blank until Ravens Foundation INC claims this page.

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2 program services account for $859K of program spending, described in the organization's own filed words · FY2024.
01

Grants and Scholarships

Grants are awarded to charitable organizations in maryland through a variety of efforts, including its play 60 program which provides designated funds to encourage physical fitness AND/OR nutritional education among youth.

$630Kprogram expense
02

Annual Signature Project

Every year the organization funds a major signature project to impact the lives of residents, primarily youth, in the baltimore community. For the year ended december 31, 2024, the foundation renovated the historic samual coleridge-taylor elementary school #122 in baltimore city.

$228Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$242K
Grants paid · 61 grants · $1.4M · 2020–2024
The Maryland Book Bank INCMD · FY2024$150,000
Unitemized GrantFY2024$76,902
Unitemized GrantFY2024$69,571
Maryland Food Bank INCMD · FY2024$11,000
Edward Charles FoundationCA · FY2024$10,000
Two All FoundationMD · FY2024$10,000
Wiggs Worldwide FoundationFY2024$10,000
Unitemized GrantFY2023$76,721
Frederick County Public SchoolsFY2023$50,000
MicrograntsMN · FY2023$20,000
Edward Charles FoundationCA · FY2023$10,000
Ronnie Stanley FoundationMD · FY2023$10,000
See all 61 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$612K
Ln 12
Gifts and grantsLn 1h$551K
Fees for servicesLn 2g$60K
Money outPt IX
$900K
Ln 25
Programscol B$859K
Managementcol C$41K
Owns and owesPt X
−$116K
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$287K
LiabilitiesLn 26$403K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$551K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$60K
Total revenueLn 12$612K
Assets in detailPt X, end of year
CashLn 1$195K
Cash and savings togetherLn 1–2$195K
Total assetsLn 16$287K
LiabilitiesLn 26$403K
Net assetsLn 32−$116K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$374K$195K
Total assetsLn 16$517K$287K
LiabilitiesLn 26$345K$403K
Net assetsLn 32$172K−$116K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$600K$600K
Grants to domestic individualsLn 2$171K$171K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$29K$29K
Office expensesLn 13$87K$84K$3K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$900K$859K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $612K$900K−$288K−$116K 990 PDF
FY2023 $716K$755K−$38K$172K 990 PDF
FY2022 $938K$987K−$49K$211K 990 PDF
FY2021 $669K$667K$2K$259K 990 PDF
FY2020 $906K$527K$379K$258K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $611,852 across 6 lines filed
VIII-1d Related organizations$320,530
VIII-1f All other contributions, gifts and grants$230,955
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$551,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,367$60,367
VIII-12 Total revenueRelated to mission $60,367 · Unrelated business $0 · Excluded from tax $0$611,852
Part IX · Statement of functional expenses $899,787 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $599,586$599,586
IX-2 Grants to domestic individualsPrograms $171,473$171,473
IX-11b Legal feesManagement $8,978$8,978
IX-11c Accounting feesManagement $29,181$29,181
IX-13 Office expensesPrograms $84,247 · Management $2,860$87,107
IX-17 TravelPrograms $1,862$1,862
IX-24 Other expenses (24a–d)Programs $1,600$1,600
IX-25 Total functional expensesPrograms $858,768 · Management $41,019 · Fundraising $0$899,787
Part X · Balance sheet $286,937 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $374,213$194,545
X-3 Pledges and grants receivableStart of year $143,130$91,357
X-4 Accounts receivable$1,035
X-16 Total assetsStart of year $517,343$286,937
X-17 Accounts payable and accrued expensesStart of year $97,594$57,108
X-18 Grants payableStart of year $247,434$345,449
X-26 Total liabilitiesStart of year $345,028$402,557
X-27 Net assets without donor restrictionsStart of year −$548,898−$834,584
X-28 Net assets with donor restrictionsStart of year $721,213$718,964
X-32 Total net assets or fund balancesStart of year $172,315−$115,620
X-33 Total liabilities and net assetsStart of year $517,343$286,937
Part XI · Reconciliation of net assets −$115,620 net assets at year end
XI-1 Total revenue$611,852
XI-2 Total expenses$899,787
XI-3 Revenue less expenses−$287,935
XI-4 Net assets at start of year$172,315
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$115,620

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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