Joseph Raunhorst Family Foundation
- Assets
- $8.4m
- Revenue
- $2.3m
- Investments
- $7.7m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 02-0694762
Organization Overview
Joseph Raunhorst Family Foundation is located in Sioux Falls, SD. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Raunhorst Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Joseph Raunhorst Family Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $271.5k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joseph Raunhorst Family Foundation has awarded 128 individual grants totaling $1,908,032. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Rauenhorst Pres/dir (as Required) | 0.4 | $0 | |
Tammy Crosby Treas/vp/dir (as Required) | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,195,272 |
| Interest on Savings | $644 |
| Dividends & Interest | $89,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $851,386 |
| Capital Gain Net Income | $719,352 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $200,490 |
| Total Revenue | $2,337,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,740 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $811 |
| Total operating and administrative expenses | $12,551 |
| Contributions, gifts, grants paid | $258,998 |
| Total expenses and disbursements | $271,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $668,022 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,376,926 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joseph Raunhorst Family Foundation has awarded $258,998 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SHEPHERD MISSION DEVELOPMENT PURPOSE: ANGOLA WATER PROJECT | $15,000 |
OPERATION EYESIGHT UNIVERSAL USA PURPOSE: ST. CHARLES LWANGA EDUCATIONAL CENTRE & VOCATIONAL TRAINING CENTRE | $22,216 |
AMERICAN FRIENDS OF JOURNEY HOUSE PURPOSE: BORE HOLE & 10 WATER TANKS | $30,000 |
TEAMLIFT INC PURPOSE: WATER IN EVERY VILLAGE PROJECT | $60,000 |
PRESENTATION SISTERS PURPOSE: KAUKUNDUWE FARM BORE HOLE | $12,000 |
THE MIAMI FOUNDATION INC PURPOSE: CRISTO REY MIAMI HIGH SCHOOL FUND | $5,000 |