Raft believes that every child deserves a powerful learning experience. Raft's mission is to inspire joy through hands on learning.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 7,050 volunteers and 114 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 6
filings with a surplus
Average surplus $588K a year · 14% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$775K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $10.5M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $10.5M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $78K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$723K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
+40% vs prior year
Spent
$4.3M
To programs
85%
Net assets
$14.9M
By yearFY2020–FY2025
Revenue
$4.4M
FY2025▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.5M
FY2021$2.1M
FY2022$3.0M
FY2023$2.5M
FY2024$3.1M
FY2025$4.4M
Expenses
$4.3M
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$3.4M
FY2023$3.6M
FY2024$3.7M
FY2025$4.3M
Net assets
$14.9M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.1M
FY2021$17.9M
FY2022$16.2M
FY2023$15.2M
FY2024$15.1M
FY2025$14.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1994.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $3.7M Management & general 9% · $385K Fundraising 6% · $255K

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

20 people listed on the 990; $775K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$235,267Pt VII · Sec A
Chief Operations Officer
$159,421Pt VII · Sec A
Senior Director of Education
$155,885Pt VII · Sec A
Finance Director
$115,731Pt VII · Sec A
Director of Development
$109,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jason Morrella’s $235K as CEO is at the 89th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Morrella$235,267$217,567$217,988$211,347$226,301$41,389
David Muilenburg$159,421$155,875$155,510$152,100$162,216—
Samuel Davenport$155,885$152,000$152,000$149,000$160,731—
Nivisha Mehta—$123,561$157,622$154,353——
Nivisha Metha————$143,300—
Dave E Muilenburg—————$137,599
Mohammad Anwar Tamiz$115,731$109,462————
Katherine Ball$109,000—————

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.

See Resource Area for Teaching 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspire joy through hands-on learning experiences for students.

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Provided by the organization

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3 programs · $3.7M · in their own filed words · FY2024
01

Education Programs

We have various education programs. We have engaged over 19,000 students in hands-on steam learning and facilitated more than 146 hands-on steam events at schools and community centers with our maker mobile program.

$1.5Mprogram expense
02

Resource Centers & Website

At raft's volunteer resource center, approximately 385 tons of donated materials are sorted, prepped, and assembled into hands-on learning kits by 7,050 community volunteers annually. Our website and online store offer 24/7 access to educational resources and raft expanded the online store and offered curbside pick-up and delivery…

$1.1Mprogram expense
03

Materials Donation/Upcycling Program

Raft diverts over 385 cubic tons of materials from landfills annually and makes them available for members in our resource center. Raft works with bay area companies to collect and upcycle materials they no longer need, from office supplies to lab equipment, so that raft can repurpose them into hands-on learning materials.

$1.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Kla FoundationFY2025$78K
Total grants receivedfrom 1 funder$78K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Other incomeLn 4–11$1.7M
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$1.0M
Money outPt IX
$4.3M
Ln 25
Programscol B$3.7M
Managementcol C$385K
Fundraisingcol D$255K
Owns and owesPt X
$14.9M
net assets · Ln 32
Cash and savingsLn 1–2$304K
Total assetsLn 16$15.6M
LiabilitiesLn 26$723K
PeoplePt VI, VII
20
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$689K
Fundraising eventsLn 1c$385K
Fees for servicesLn 2g$95K
Investment incomeLn 3$1.0M
Other incomeLn 4–11$1.7M
Gains on assetsLn 7$691K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$283K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$304K
InvestmentsLn 11–13$10.5M
Land, buildings, equipmentLn 10c$4.4M
Total assetsLn 16$15.6M
LiabilitiesLn 26$723K
Net assetsLn 32$14.9M
OperationsPt I, VI
EmployeesI 5114
VolunteersI 67,050
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 FY25End FY25
Cash and savingsLn 1–2$89K$304K
InvestmentsLn 11–13$10.5M$10.5M
Land, buildings, equipmentLn 10c$4.6M$4.4M
Total assetsLn 16$15.6M$15.6M
LiabilitiesLn 26$489K$723K
Net assetsLn 32$15.1M$14.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$729K$548K$155K$26K
Other salaries and wagesLn 7$2.2M$2.0M$98K$127K
Other employee benefitsLn 9$209K$187K$13K$9K
Payroll taxesLn 10$202K$170K$21K$12K
Accounting feesLn 11c$37K$37K
Investment management feesLn 11f$47K$47K
Other fees for servicesLn 11g$115K$57K$2K$56K
Office expensesLn 13$32K$27K$5K
OccupancyLn 16$142K$131K$3K$7K
TravelLn 17$20K$19K$117$1K
Conferences, conventions and meetingsLn 19$18K$13K$664$4K
Depreciation, depletion and amortizationLn 22$240K$236K$4K
InsuranceLn 23$81K$79K$1K$1K
Other expenses (24a–d)Ln 24$243K$231K$4K$7K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$4.3M$3.7M$385K$255K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.4M$4.3M$91K$14.9M 990 PDF
FY2024 $3.1M$3.7M−$554K$15.1M 990 PDF
FY2023 $2.5M$3.6M−$1.1M$15.2M 990 PDF
FY2022 $3.0M$3.4M−$342K$16.2M 990 PDF
FY2021 $2.1M$3.2M−$1.0M$17.9M 990 PDF
FY2020 $9.5M$3.0M$6.5M$17.1M 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,421,435 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,282,409$1,620,225
I-9 Program service revenuePrior year $101,358$94,590
I-10 Investment incomePrior year $535,899$1,039,358
I-11 Other revenuePrior year $1,227,536$1,667,262
I-12 Total revenuePrior year $3,147,202$4,421,435
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,827,697$3,353,538
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $873,112$976,853
I-18 Total expensesPrior year $3,700,809$4,330,391
I-19 Revenue less expensesPrior year −$553,607$91,044
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $4,421,435 across 11 lines filed
Lines not itemized here account for $1,692,538 of total revenue; see the IRS return.
VIII-1c Fundraising events$384,953
VIII-1e Government grants$688,714
VIII-1f All other contributions, gifts and grants$546,558
VIII-1h Total contributions, gifts and grants$1,620,225
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,590$94,590
VIII-3 Investment incomeExcluded from tax $348,193$348,193
VIII-6 Net rental income or lossRelated to mission $925$925
VIII-7 Net gain or loss on sales of assetsExcluded from tax $691,165$691,165
VIII-8 Net income from fundraising eventsExcluded from tax −$34,026−$34,026
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,825$7,825
VIII-12 Total revenueRelated to mission $1,788,053 · Unrelated business $0 · Excluded from tax $1,013,157$4,421,435
Part IX · Statement of functional expenses $4,330,391 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $548,079 · Management $154,937 · Fundraising $26,369$729,385
IX-7 Other salaries and wagesPrograms $1,988,031 · Management $97,843 · Fundraising $127,004$2,212,878
IX-9 Other employee benefitsPrograms $187,465 · Management $12,856 · Fundraising $8,822$209,143
IX-10 Payroll taxesPrograms $169,666 · Management $20,722 · Fundraising $11,744$202,132
IX-11c Accounting feesManagement $36,604$36,604
IX-11f Investment management feesManagement $46,865$46,865
IX-11g Other fees for servicesPrograms $56,697 · Management $2,376 · Fundraising $55,815$114,888
IX-13 Office expensesPrograms $27,236 · Fundraising $5,038$32,274
IX-16 OccupancyPrograms $131,401 · Management $3,396 · Fundraising $6,746$141,543
IX-17 TravelPrograms $19,137 · Management $117 · Fundraising $1,019$20,273
IX-19 Conferences, conventions and meetingsPrograms $13,434 · Management $664 · Fundraising $4,206$18,304
IX-22 Depreciation, depletion and amortizationPrograms $236,198 · Management $3,561$239,759
IX-23 InsurancePrograms $78,981 · Management $1,202 · Fundraising $1,023$81,206
IX-24 Other expenses (24a–d)Programs $231,051 · Management $4,334 · Fundraising $7,410$242,795
IX-24e All other expensesPrograms $2,342$2,342
IX-25 Total functional expensesPrograms $3,689,718 · Management $385,477 · Fundraising $255,196$4,330,391
Part X · Balance sheet $15,613,311 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $86,012$282,683
X-2 Savings and temporary cash investmentsStart of year $3,077$20,872
X-3 Pledges and grants receivable$44,719
X-4 Accounts receivableStart of year $223,258$171,413
X-8 Inventories for sale or useStart of year $168,632$165,841
X-9 Prepaid expenses and deferred chargesStart of year $46,022$44,054
X-10c Land, buildings and equipment, netStart of year $4,586,912$4,391,346
X-11 Publicly traded securitiesStart of year $10,491,041$10,492,383
X-16 Total assetsStart of year $15,604,954$15,613,311
X-17 Accounts payable and accrued expensesStart of year $314,312$438,265
X-19 Deferred revenueStart of year $174,548$285,065
X-26 Total liabilitiesStart of year $488,860$723,330
X-27 Net assets without donor restrictionsStart of year $14,862,422$14,388,608
X-28 Net assets with donor restrictionsStart of year $253,672$501,373
X-32 Total net assets or fund balancesStart of year $15,116,094$14,889,981
X-33 Total liabilities and net assetsStart of year $15,604,954$15,613,311
Part XI · Reconciliation of net assets $14,889,981 net assets at year end
XI-1 Total revenue$4,421,435
XI-2 Total expenses$4,330,391
XI-3 Revenue less expenses$91,044
XI-4 Net assets at start of year$15,116,094
XI-5 Net unrealized gains (losses) on investments−$317,157
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,889,981

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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