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.
83¢ of each $1 spent went to programs.
$789K 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

FY2023 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$789K
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 $10.8M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $10.8M 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
$446K
3% of total assets
Looks good: liabilities are 3% 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
$2.5M
-18% vs prior year
Spent
$3.6M
To programs
83%
Net assets
$15.2M
By yearFY2020–FY2025
Revenue
$2.5M
FY2023▼ -18%
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
$3.6M
FY2023▲ +7%
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
$15.2M
FY2023▼ -6%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

83 cents of each dollar spent went to programs.

Program services 83% · $3.0M Management & general 9% · $333K Fundraising 8% · $283K

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

23 people listed on the 990; $789K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$217,988Pt VII · Sec A
Chief Development Officer
$157,622Pt VII · Sec A
Chief Operations Officer
$155,510Pt VII · Sec A
SR Director of Education
$152,000Pt VII · Sec A
Finance Director
$105,451Pt 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.

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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 · $3.0M · in their own filed words · FY2022
01

At raft's volunteer resource center approximately 300 tons of donated materials are sorted, prepped, and assembled into hands-on learning kits by approximately 3,631 community volunteers annually.

$1.8Mprogram expense
02

Raft is proud to have supported our education community this past year. Our accomplishments include:we engaged over 10,000 students in hands-on steam learning facilitated more than 100 hands-on steam events at schools and community centers with our maker mobile program.

$900Kprogram expense
03

Raft diverts over 300 cubic tons of materials from landfills annually and makes them available for members in our resource center. 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.

$300Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$935K
Investment incomeLn 3$392K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.0M
Managementcol C$333K
Fundraisingcol D$283K
Owns and owesPt X
$15.2M
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$15.7M
LiabilitiesLn 26$446K
PeoplePt VI, VII
23
listed · VII A
PaidVII A5
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$135K
Fundraising eventsLn 1c$361K
Fees for servicesLn 2g$80K
Investment incomeLn 3$392K
Other incomeLn 4–11$935K
Gains on assetsLn 7$73K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$145K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$162K
InvestmentsLn 11–13$10.8M
Land, buildings, equipmentLn 10c$4.5M
Total assetsLn 16$15.7M
LiabilitiesLn 26$446K
Net assetsLn 32$15.2M
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 FY23End FY23
Cash and savingsLn 1–2$183K$162K
InvestmentsLn 11–13$11.8M$10.8M
Land, buildings, equipmentLn 10c$4.4M$4.5M
Total assetsLn 16$16.7M$15.7M
LiabilitiesLn 26$435K$446K
Net assetsLn 32$16.2M$15.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$789K$643K$69K$76K
Other salaries and wagesLn 7$1.6M$1.3M$141K$154K
Other employee benefitsLn 9$242K$205K$18K$19K
Payroll taxesLn 10$188K$156K$17K$16K
Legal feesLn 11b$36K$34K$2K
Investment management feesLn 11f$41K$41K
Other fees for servicesLn 11g$44K$41K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$57K$54K$53$2K
Information technologyLn 14$25K$19K$3K$2K
OccupancyLn 16$47K$47K
TravelLn 17$20K$20K
Conferences, conventions and meetingsLn 19$18K$17K$80$879
Depreciation, depletion and amortizationLn 22$236K$226K$5K$5K
InsuranceLn 23$74K$69K$2K$3K
Other expenses (24a–d)Ln 24$194K$194K$371
All other expensesLn 24e$5K$3K$2K
Total functional expensesLn 25$3.6M$3.0M$333K$283K

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 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $2,493,138 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,408,146$1,086,031
I-9 Program service revenuePrior year $70,340$80,010
I-10 Investment incomePrior year $843,929$391,942
I-11 Other revenuePrior year $702,989$935,155
I-12 Total revenuePrior year $3,025,404$2,493,138
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 $2,530,414$2,818,290
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $836,807$798,656
I-18 Total expensesPrior year $3,367,221$3,616,946
I-19 Revenue less expensesPrior year −$341,817−$1,123,808
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 $2,493,138 across 10 lines filed
Lines not itemized here account for $962,325 of total revenue; see the IRS return.
VIII-1c Fundraising events$360,957
VIII-1e Government grants$135,400
VIII-1f All other contributions, gifts and grants$589,674
VIII-1h Total contributions, gifts and grants$1,086,031
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,010$80,010
VIII-3 Investment incomeExcluded from tax $319,205$319,205
VIII-7 Net gain or loss on sales of assetsRelated to mission $72,737$72,737
VIII-8 Net income from fundraising eventsExcluded from tax −$35,206−$35,206
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,036$8,036
VIII-12 Total revenueRelated to mission $1,123,108 · Unrelated business $0 · Excluded from tax $283,999$2,493,138
Part IX · Statement of functional expenses $3,616,946 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $643,288 · Management $69,448 · Fundraising $75,835$788,571
IX-7 Other salaries and wagesPrograms $1,304,555 · Management $140,839 · Fundraising $153,789$1,599,183
IX-9 Other employee benefitsPrograms $205,249 · Management $17,799 · Fundraising $19,001$242,049
IX-10 Payroll taxesPrograms $155,734 · Management $16,712 · Fundraising $16,041$188,487
IX-11b Legal feesManagement $34,500 · Fundraising $1,913$36,413
IX-11f Investment management feesManagement $40,875$40,875
IX-11g Other fees for servicesPrograms $40,558 · Fundraising $3,138$43,696
IX-12 Advertising and promotionPrograms $3,393$3,393
IX-13 Office expensesPrograms $54,366 · Management $53 · Fundraising $2,106$56,525
IX-14 Information technologyPrograms $19,420 · Management $2,908 · Fundraising $2,345$24,673
IX-16 OccupancyPrograms $46,914$46,914
IX-17 TravelPrograms $19,561$19,561
IX-19 Conferences, conventions and meetingsPrograms $16,755 · Management $80 · Fundraising $879$17,714
IX-22 Depreciation, depletion and amortizationPrograms $226,027 · Management $4,935 · Fundraising $5,048$236,010
IX-23 InsurancePrograms $68,848 · Management $2,159 · Fundraising $2,839$73,846
IX-24 Other expenses (24a–d)Programs $193,692 · Management $371$194,063
IX-24e All other expensesPrograms $2,950 · Management $2,023$4,973
IX-25 Total functional expensesPrograms $3,001,310 · Management $332,702 · Fundraising $282,934$3,616,946
Part X · Balance sheet $15,667,840 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $163,911$144,974
X-2 Savings and temporary cash investmentsStart of year $19,243$17,217
X-4 Accounts receivableStart of year $115,791$61,550
X-8 Inventories for sale or useStart of year $141,692$167,263
X-9 Prepaid expenses and deferred chargesStart of year $40,232$47,308
X-10c Land, buildings and equipment, netStart of year $4,366,446$4,470,924
X-12 Other securitiesStart of year $11,810,339$10,758,604
X-16 Total assetsStart of year $16,657,654$15,667,840
X-17 Accounts payable and accrued expensesStart of year $255,546$251,377
X-19 Deferred revenueStart of year $179,199$194,133
X-26 Total liabilitiesStart of year $434,745$445,510
X-27 Net assets without donor restrictionsStart of year $15,923,320$14,948,779
X-28 Net assets with donor restrictionsStart of year $299,589$273,551
X-32 Total net assets or fund balancesStart of year $16,222,909$15,222,330
X-33 Total liabilities and net assetsStart of year $16,657,654$15,667,840
Part XI · Reconciliation of net assets $15,222,330 net assets at year end
XI-1 Total revenue$2,493,138
XI-2 Total expenses$3,616,946
XI-3 Revenue less expenses−$1,123,808
XI-4 Net assets at start of year$16,222,909
XI-5 Net unrealized gains (losses) on investments$123,229
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,222,330

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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