Improving the conditions of underprivileged families.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
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
$307K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$938K
+40% vs prior year
Spent
$987K
To programs
97%
Net assets
$211K
By yearFY2020–FY2024
Revenue
$938K
FY2022▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$906K
FY2021$669K
FY2022$938K
FY2023$716K
FY2024$612K
Expenses
$987K
FY2022▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$527K
FY2021$667K
FY2022$987K
FY2023$755K
FY2024$900K
Net assets
$211K
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$258K
FY2021$259K
FY2022$211K
FY2023$172K
FY2024−$116K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

97 cents of each dollar spent went to programs.

Program services 97% · $961K Management & general 3% · $26K

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

12 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.

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Provided by the organization

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2 programs · $961K · in their own filed words · FY2022
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.

$751Kprogram 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, 2022, the foundation completed a school renovation at franklin square ELEMENTARY/MIDDLE school that included a new cafeteria, teacher's lounge, computer room and new…

$211Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$938K
Ln 12
Gifts and grantsLn 1h$923K
Fees for servicesLn 2g$15K
Money outPt IX
$987K
Ln 25
Programscol B$961K
Managementcol C$26K
Owns and owesPt X
$211K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$517K
LiabilitiesLn 26$307K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$923K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$15K
Total revenueLn 12$938K
Assets in detailPt X, end of year
CashLn 1$272K
Cash and savings togetherLn 1–2$272K
Other assetsLn 15$65K
Total assetsLn 16$517K
LiabilitiesLn 26$307K
Net assetsLn 32$211K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$259K$272K
Total assetsLn 16$382K$517K
LiabilitiesLn 26$123K$307K
Net assetsLn 32$259K$211K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$802K$802K
Grants to domestic individualsLn 2$100K$100K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$59K$56K$2K
TravelLn 17$1K$1K
Other expenses (24a–d)Ln 24$281$281
Total functional expensesLn 25$987K$961K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $612K$900K−$288K−$116K 990 PDF
FY2023 $716K$755K−$38K$172K 990 PDF
FY2022 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $938,479 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $668,502$923,238
I-9 Program service revenuePrior year $0$15,241
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $668,502$938,479
I-13 Grants and similar amounts paidPrior year $630,726$901,517
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,184$85,495
I-18 Total expensesPrior year $666,910$987,012
I-19 Revenue less expensesPrior year $1,592−$48,533
Part VI · Governance 0 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $938,479 across 6 lines filed
VIII-1d Related organizations$482,247
VIII-1f All other contributions, gifts and grants$440,991
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$923,238
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,241$15,241
VIII-12 Total revenueRelated to mission $15,241 · Unrelated business $0 · Excluded from tax $0$938,479
Part IX · Statement of functional expenses $987,012 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $801,845$801,845
IX-2 Grants to domestic individualsPrograms $99,672$99,672
IX-11b Legal feesManagement $4,700$4,700
IX-11c Accounting feesManagement $18,780$18,780
IX-11g Other fees for servicesPrograms $1,805$1,805
IX-13 Office expensesPrograms $56,471 · Management $2,115$58,586
IX-17 TravelPrograms $1,343$1,343
IX-24 Other expenses (24a–d)Programs $281$281
IX-25 Total functional expensesPrograms $961,417 · Management $25,595 · Fundraising $0$987,012
Part X · Balance sheet $517,197 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $259,303$271,583
X-3 Pledges and grants receivableStart of year $122,732$180,559
X-15 Other assetsStart of year $0$65,055
X-16 Total assetsStart of year $382,035$517,197
X-17 Accounts payable and accrued expensesStart of year $13,402$28,392
X-18 Grants payableStart of year $109,494$278,199
X-26 Total liabilitiesStart of year $122,896$306,591
X-27 Net assets without donor restrictionsStart of year −$370,798−$497,064
X-28 Net assets with donor restrictionsStart of year $629,937$707,670
X-32 Total net assets or fund balancesStart of year $259,139$210,606
X-33 Total liabilities and net assetsStart of year $382,035$517,197
Part XI · Reconciliation of net assets $210,606 net assets at year end
XI-1 Total revenue$938,479
XI-2 Total expenses$987,012
XI-3 Revenue less expenses−$48,533
XI-4 Net assets at start of year$259,139
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$210,606

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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