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Raymond C Rude Supporting Foundation

Tax-deductible

Reno, NV501(c)(3)Foundations & GrantmakersEIN 80-0676831Revenue $348K in FY2024

On file with the IRS50 Washington St Ste 300, 89503-5660 · Reno, NVTax-exempt since Jul 2011Supporting org, Type I — 509(a)(3)

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Supporting organization for the Community Foundation of Northern Nevada.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 6 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
3 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
114 mo
of spending, in cash
Looks good: 113.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $132K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
-28% vs prior year
Spent
$334K
To programs
68%
Net assets
$11.0M
By yearFY2020–FY2024
Revenue
$348K
FY2024▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$327K
FY2021$492K
FY2022$384K
FY2023$486K
FY2024$348K
Expenses
$334K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$434K
FY2021$393K
FY2022$510K
FY2023$377K
FY2024$334K
Net assets
$11.0M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.0M
FY2021$10.4M
FY2022$9.7M
FY2023$10.8M
FY2024$11.0M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2011.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $227K Management & general 32% · $107K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Thomas Gompf
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Micki King
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Lauren Sgandurra - Treasurer
Cfnn Philanthropic Advisor
$0Pt VII · Sec A
$0Pt VII · Sec A
See Raymond C Rude Supporting Foundation 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 15aNo

Programs and updates

Provides support for the Community Foundation of Northern Nevada.

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Provided by the organization

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1 program · $227K · in their own filed words · FY2024
01

Conducts and/or supports activities for the benefit of, performs the functions of, or carries out the purpose of the Community Foundation Of Northern Nevada.

$227Kprogram 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 · FY2021
Community Foundation of Northern NevadaFY2021$132K
Total grants receivedfrom 1 funder$132K
Grants paid · 21 grants · $1.1M · 2020–2022
United States Diving Foundation INCTX · FY2022$221,562
Nevada Diving CenterNV · FY2022$65,000
International Swimming Hall of Fame INCFL · FY2022$50,000
University of Nevada Reno FoundationNV · FY2022$42,000
Dive RvaVA · FY2022$14,127
World Acrobatics SocietyAZ · FY2022$12,500
Sierra Nevada JourneysNV · FY2022$10,000
United States Diving Foundation INCTX · FY2021$143,500
Nevada Diving CenterNV · FY2021$45,000
University of Nevada Reno FoundationNV · FY2021$30,000
International Swimming Hall of Fame INCFL · FY2021$25,000
St Petersburg Club Diving INCFL · FY2021$18,674
Indianapolis Stars Diving Club INCIN · FY2021$17,100
World Acrobatics SocietyAZ · FY2021$12,500
Sierra Nevada JourneysNV · FY2021$10,000
United States Diving Foundation INCTX · FY2020$202,972
Nevada Diving CenterNV · FY2020$45,000
University of Nevada Reno FoundationNV · FY2020$25,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$348K
Ln 12
Investment incomeLn 3$348K
Money outPt IX
$334K
Ln 25
Programscol B$227K
Managementcol C$107K
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$11.0M
LiabilitiesLn 26$18K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$348K
Gains on assetsLn 7$43K
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$3.2M
InvestmentsLn 11–13$7.9M
Total assetsLn 16$11.0M
LiabilitiesLn 26$18K
Net assetsLn 32$11.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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$3.0M$3.2M
InvestmentsLn 11–13$7.9M$7.9M
Total assetsLn 16$10.9M$11.0M
LiabilitiesLn 26$14K$18K
Net assetsLn 32$10.8M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$227K$227K
Legal feesLn 11b$11K$11K
Investment management feesLn 11f$17K$17K
Other fees for servicesLn 11g$55K$55K
All other expensesLn 24e$24K$24K
Total functional expensesLn 25$334K$227K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $348K$334K$14K$11.0M 990 PDF
FY2023 $486K$377K$109K$10.8M 990 PDF
FY2022 $384K$510K−$126K$9.7M 990 PDF
FY2021 $492K$393K$99K$10.4M 990 PDF
FY2020 $327K$434K−$106K$10.0M 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 (6 parts)
Part I · Summary $348,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $130,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $355,799$348,095
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $485,799$348,095
I-13 Grants and similar amounts paidPrior year $303,280$226,672
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 $73,941$107,211
I-18 Total expensesPrior year $377,221$333,883
I-19 Revenue less expensesPrior year $108,578$14,212
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $348,095 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $305,274$305,274
VIII-7 Net gain or loss on sales of assetsExcluded from tax $42,821$42,821
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $348,095$348,095
Part IX · Statement of functional expenses $333,883 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $226,672$226,672
IX-11b Legal feesManagement $11,395$11,395
IX-11f Investment management feesManagement $17,161$17,161
IX-11g Other fees for servicesManagement $54,776$54,776
IX-24e All other expensesManagement $23,879$23,879
IX-25 Total functional expensesPrograms $226,672 · Management $107,211 · Fundraising $0$333,883
Part X · Balance sheet $11,026,755 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $24,563$33,438
X-2 Savings and temporary cash investmentsStart of year $2,980,557$3,136,817
X-12 Other securitiesStart of year $7,856,500$7,856,500
X-16 Total assetsStart of year $10,861,620$11,026,755
X-17 Accounts payable and accrued expenses$17,782
X-26 Total liabilitiesStart of year $14,000$17,782
X-27 Net assets without donor restrictionsStart of year $2,991,120$3,035,611
X-28 Net assets with donor restrictionsStart of year $7,856,500$7,973,362
X-32 Total net assets or fund balancesStart of year $10,847,620$11,008,973
X-33 Total liabilities and net assetsStart of year $10,861,620$11,026,755
Part XI · Reconciliation of net assets $11,008,973 net assets at year end
XI-1 Total revenue$348,095
XI-2 Total expenses$333,883
XI-3 Revenue less expenses$14,212
XI-4 Net assets at start of year$10,847,620
XI-5 Net unrealized gains (losses) on investments$147,141
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,008,973

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

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