Raab Foundation EIN 91-1446692 Form 990 (PDF) Claim this org

Raab Foundation FY2022 filing

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Helps the community through sponsored activities. For fiscal year 2022 it reported $85K in revenue, $48K in expenses, and $631K in net assets.Pt I

Founded
1989
Type
Public charity (501(c)(3)) · Nonprofit
Location
Poulsbo, WA
Filings
4 on file (2021–2022)
Revenue
$85KFY2022
Expenses
$48K
Net assets
$631K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  91-1446692 Public charity (501(c)(3)) Poulsbo, WA Founded 1989
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps the community through sponsored activities.
Leadership
Dennis Tesch · Treasurer
Money in and out
$85K revenue, $48K expenses
Where the money goes · FY2022
Total revenue
$85K
Pt VIII · Ln 12
Total expenses
$48K
Pt IX · Ln 25
Net assets
$631K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$85K
FY2022▼ -82%
Expenses
$48K
FY2022▼ -12%
Total assets
$631K
FY2022▲ +6%
Total liabilities
$0
FY2022
Total revenue
$85K
Pt VIII · Ln 12
Total expenses
$48K
Pt IX · Ln 25
Net assets
$631K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$631K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $46K of program spending, described in the organization's own filed words · FY2021.
01

The organization awarded $22,000 of eductional scholarships to members of the community, and assisted various community social service organizations with $24,000 in support grants, all to futher its mission to assist the community.

$46Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRaab Foundation
EINHdr · item D91-1446692
Principal addressHdr · item CPoulsbo, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1989
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Raab Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$57K · 66%
Contributions & grants$28K · 33%
Investment income66%$57K
Contributions & grants33%$28K
Other revenue$108
Total revenueLn 12$85K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$46K
Management & general4%$2K
Total functional expensesLn 25$48K

Balance Sheet

Part X · end of year
CashLn 1$230K
Total assetsLn 16$631K
Total liabilitiesLn 26$0
Total net assetsLn 32$631K
Months of cash on handcomputed57.6

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $236K · 2020–2024
Unitemized GrantFY2024$35,500
Unitemized GrantFY2023$40,395
Unitemized GrantFY2022$31,905
Unitemized GrantFY2021$22,000
Unitemized GrantFY2020$31,000

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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$130K revenue · ⤓ 990 PDF
FY2023$46K revenue · ⤓ 990 PDF
FY2022$85K revenue · viewing · ⤓ 990 PDF
FY2021$484K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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