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Rafranco Foundation EIN 87-4476515 Form 990 (PDF) Claim this org

Rafranco Foundation

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A private foundation based in Sarasota, FL. It reported about $36K in revenue for 2023. For fiscal year 2024 it reported $36K in revenue, $46K in expenses, and $894K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Sarasota, FL
Filings
3 on file (2022–2024)
Revenue
$36KFY2024
Expenses
$46K
Net assets
$894K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-4476515 Private foundation / grantmaker Sarasota, FL
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Sarasota, FL. It reported about $36K in revenue for 2023.
Leadership
Richard Franco · President/Tr
Money in and out
$36K revenue, $46K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$894K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Total assets
894K
deployed as grants and operations
Grants paid
39K
in FY2024
Grants made
13grants
total in period
Payout rate
4%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 13 grants · $39K · 2023–2023
Chabad of SarasotaFY2023$16,600
Corey Griffin FoundationFY2023$10,000
Community Foundation of Sarasota County INCFL · FY2023$2,000
Lake Shore Drive SynagogueIL · FY2023$1,800
Chicago Children's HospitalFY2023$1,000
YMCAPA · FY2023$1,000
Scenic Hudson INCNY · FY2023$1,000
Holocaust MuseumFY2023$1,000
Marie Selby Botanical Gardens INCFL · FY2023$1,000
Sarasota Memorial HospitalFY2023$1,000
Planned ParenthoodTX · FY2023$1,000
Anti-Defamation LeagueNY · FY2023$1,000
All Faiths Food Bank INCFL · FY2023$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV8
Average grantPart XV$3K
Median grantPart XV$1K
Largest grantPart XV$17K
Top cause focusNTEEEnvironment (15%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$36K
FY2024▲ +95%
Expenses
$46K
FY2024▼ -37%
Total assets
$894K
FY2024▼ -1%
Total liabilities
$0
FY2024
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$894K
Pt X · Ln 32
Total assetsPt II$894K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRafranco Foundation
EINHdr · item D87-4476515
Principal addressHdr · item CSarasota, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Richard Franco
President/Tr
$0Pt VII · Sec A
Bret Franco
Vice Preside
$0Pt VII · Sec A
Alexandra Franco
Vice Preside
$0Pt VII · Sec A
Arlene Franco
Secretary
$0Pt VII · Sec A
See Rafranco Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$36K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.86 Operating & administrative $0.14
Grants & contributions paid86%$39K
Operating & administrative14%$7K
Total functional expensesLn 25$46K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$894K
Total liabilitiesLn 26$0
Total net assetsLn 32$894K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $894K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $36K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $36K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year $19K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $894K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $46K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $894K
—
Net-asset ratio
Net assets $894K · Total assets $894K
100%
People & payroll
Highest Reported Total Compensation
Individual Richard Franco · Reported title PRESIDENT/TR · Highest reported compensation $0 · Total expenses $46K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 95%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$36K revenue · viewing · ⤓ 990 PDF
FY2023$19K revenue · ⤓ 990 PDF
FY2022$990K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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