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.
78¢ of each $1 spent went to programs.
$693K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$693K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $13.9M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
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
$781K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-78% vs prior year
Spent
$3.2M
To programs
78%
Net assets
$17.9M
By yearFY2020–FY2025
Revenue
$2.1M
FY2021▼ -78%
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
$3.2M
FY2021▲ +6%
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
$17.9M
FY2021▲ +5%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jul 1994.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.5M Management & general 12% · $371K Fundraising 10% · $330K

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

22 people listed on the 990; $693K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$226,301Pt VII · Sec A
Chief Operations Officer
$162,216Pt VII · Sec A
SR Director of Education
$160,731Pt VII · Sec A
Chief Development Officer
$143,300Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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.

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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 · $2.5M · in their own filed words · FY2020
01

Education Programs & Materials

Raft is proud to have supported our education community this past year. Our accomplishments include: delivering over 120,000 steam project kits to TITLE-1 schools so students can keep engaged during distance learning. 30% of the students raft serves are from TITLE-1 schools that support underserved communities.

$2.5Mprogram expense
02

Resource Centers & Website

At raft's volunteer resource center approximately 300 tons of donated materials are sorted, prepped and assembled into hands on learning kits by approximately 6,000 community volunteers annually. During the COVID-19 crisis, raft shifted to virtual and remote volunteering to continue to serve our community.

Pt IX · col B
03

Materials Donation/Upcycling Program

Raft diverts over 300 cubic tons of materials from landfill annually and makes them available for members in our resource centers. Raft has worked with 240 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.

Pt IX · col B

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$534K
Investment incomeLn 3$463K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.5M
Managementcol C$371K
Fundraisingcol D$330K
Owns and owesPt X
$17.9M
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$18.7M
LiabilitiesLn 26$781K
PeoplePt VI, VII
22
listed · VII A
PaidVII A4
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$114K
Noncash giftsLn 1g$26K
Fundraising eventsLn 1c$270K
Fees for servicesLn 2g$46K
Investment incomeLn 3$463K
Other incomeLn 4–11$534K
Gains on assetsLn 7$256K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$200K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$264K
InvestmentsLn 11–13$13.9M
Land, buildings, equipmentLn 10c$4.3M
Total assetsLn 16$18.7M
LiabilitiesLn 26$781K
Net assetsLn 32$17.9M
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 FY21End FY21
Cash and savingsLn 1–2$277K$264K
InvestmentsLn 11–13$13.4M$13.9M
Land, buildings, equipmentLn 10c$3.9M$4.3M
Total assetsLn 16$17.8M$18.7M
LiabilitiesLn 26$668K$781K
Net assetsLn 32$17.1M$17.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$760K$541K$25K$194K
Other salaries and wagesLn 7$1.3M$1.0M$216K$43K
Other employee benefitsLn 9$239K$188K$23K$28K
Payroll taxesLn 10$154K$113K$19K$22K
Legal feesLn 11b$58K$26K$32K
Investment management feesLn 11f$42K$42K
Other fees for servicesLn 11g$83K$69K$577$13K
Advertising and promotionLn 12$5K$2K$173$2K
Office expensesLn 13$44K$40K$82$3K
OccupancyLn 16$101K$95K$3K$3K
TravelLn 17$82K$80K$2K
Conferences, conventions and meetingsLn 19$6K$4K$1K
Depreciation, depletion and amortizationLn 22$221K$205K$6K$9K
InsuranceLn 23$44K$41K$2K$2K
Other expenses (24a–d)Ln 24$29K$20K$3K$6K
Total functional expensesLn 25$3.2M$2.5M$371K$330K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,108,943 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $961,811$1,066,406
I-9 Program service revenuePrior year $152,444$45,970
I-10 Investment incomePrior year $7,853,909$462,552
I-11 Other revenuePrior year $509,408$534,015
I-12 Total revenuePrior year $9,477,572$2,108,943
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 $2,018,870$2,441,168
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $954,925$713,433
I-18 Total expensesPrior year $2,973,795$3,154,601
I-19 Revenue less expensesPrior year $6,503,777−$1,045,658
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $2,108,943 across 11 lines filed
Lines not itemized here account for $541,379 of total revenue; see the IRS return.
VIII-1c Fundraising events$270,136
VIII-1e Government grants$113,900
VIII-1f All other contributions, gifts and grants$682,370
VIII-1g Noncash contributions (included above)$26,360
VIII-1h Total contributions, gifts and grants$1,066,406
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,970$45,970
VIII-3 Investment incomeExcluded from tax $206,256$206,256
VIII-7 Net gain or loss on sales of assetsRelated to mission $256,296$256,296
VIII-8 Net income from fundraising eventsExcluded from tax −$15,987−$15,987
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,623$8,623
VIII-12 Total revenueRelated to mission $852,268 · Unrelated business $0 · Excluded from tax $190,269$2,108,943
Part IX · Statement of functional expenses $3,154,601 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $540,964 · Management $24,916 · Fundraising $193,799$759,679
IX-7 Other salaries and wagesPrograms $1,030,296 · Management $215,505 · Fundraising $42,828$1,288,629
IX-9 Other employee benefitsPrograms $187,592 · Management $23,146 · Fundraising $28,500$239,238
IX-10 Payroll taxesPrograms $112,774 · Management $19,234 · Fundraising $21,614$153,622
IX-11b Legal feesPrograms $25,751 · Management $31,756$57,507
IX-11f Investment management feesManagement $41,611$41,611
IX-11g Other fees for servicesPrograms $69,047 · Management $577 · Fundraising $13,104$82,728
IX-12 Advertising and promotionPrograms $1,973 · Management $173 · Fundraising $2,410$4,556
IX-13 Office expensesPrograms $40,392 · Management $82 · Fundraising $3,074$43,548
IX-16 OccupancyPrograms $95,012 · Management $3,263 · Fundraising $2,820$101,095
IX-17 TravelPrograms $79,972 · Fundraising $2,421$82,393
IX-19 Conferences, conventions and meetingsPrograms $4,362 · Fundraising $1,471$5,833
IX-22 Depreciation, depletion and amortizationPrograms $205,107 · Management $6,120 · Fundraising $9,394$220,621
IX-23 InsurancePrograms $40,518 · Management $1,629 · Fundraising $2,169$44,316
IX-24 Other expenses (24a–d)Programs $20,223 · Management $3,000 · Fundraising $6,002$29,225
IX-25 Total functional expensesPrograms $2,453,983 · Management $371,012 · Fundraising $329,606$3,154,601
Part X · Balance sheet $18,680,172 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $4,161$200,289
X-2 Savings and temporary cash investmentsStart of year $273,130$63,853
X-4 Accounts receivableStart of year $4,605$50,099
X-8 Inventories for sale or useStart of year $128,931$103,924
X-9 Prepaid expenses and deferred chargesStart of year $28,550$109,937
X-10c Land, buildings and equipment, netStart of year $3,935,972$4,282,308
X-12 Other securitiesStart of year $13,397,296$13,869,762
X-16 Total assetsStart of year $17,783,366$18,680,172
X-17 Accounts payable and accrued expensesStart of year $242,193$283,661
X-19 Deferred revenueStart of year $169,401$100,806
X-24 Unsecured notes and loans payableStart of year $256,296$396,193
X-26 Total liabilitiesStart of year $667,890$780,660
X-27 Net assets without donor restrictionsStart of year $16,817,657$17,576,030
X-28 Net assets with donor restrictionsStart of year $297,819$323,482
X-32 Total net assets or fund balancesStart of year $17,115,476$17,899,512
X-33 Total liabilities and net assetsStart of year $17,783,366$18,680,172
Part XI · Reconciliation of net assets $17,899,512 net assets at year end
XI-1 Total revenue$2,108,943
XI-2 Total expenses$3,154,601
XI-3 Revenue less expenses−$1,045,658
XI-4 Net assets at start of year$17,115,476
XI-5 Net unrealized gains (losses) on investments$1,812,768
XI-6 Donated services and use of facilities$16,926
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,899,512

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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