Norman Raab Foundation
- Assets
- $23.3m
- Revenue
- $1.1m
- Investments
- $22.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/1968
- Data as of
- 09/2022
- EIN
- 23-7006390
Organization Overview
Norman Raab Foundation is located in Seattle, WA. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Norman Raab 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 09/2022, Norman Raab Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Norman Raab Foundation has awarded 416 individual grants totaling $4,709,730. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Raab Mcinerny Executive Director | 35 | $90,000 | |
Stephen Bleyer Trustee | 2 | $2,000 | |
Emily Lowmon Trustee | 2 | $2,000 | |
John Mcinerny Trustee | 2 | $2,000 | |
Isabel Raab Trustee | 2 | $2,000 | |
Ann Raab Trustee | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $387,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $725,457 |
| Capital Gain Net Income | $725,457 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,392 |
| Total Revenue | $1,117,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $24,411 |
| Interest | $0 |
| Taxes | $17,383 |
| Depreciation | $0 |
| Occupancy | $20,256 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,996 |
| Total operating and administrative expenses | $365,248 |
| Contributions, gifts, grants paid | $1,239,100 |
| Total expenses and disbursements | $1,604,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,606 |
| Savings and temporary cash investments | $447,341 |
| 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 | $1,217 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,336,418 |
| Accounts payable and accrued expenses | $11,113 |
| 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 | $11,113 |
Grants Awarded
Over the last fiscal year, Norman Raab Foundation has awarded $1,239,100 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
US HOLOCAUST MEMORIAL MUSEUM PURPOSE: EDUCATION | $50,000 |
FACING HISTORY AND OURSELVES PURPOSE: EDUCATION | $50,000 |
San Francisco, CA PURPOSE: EDUCATION | $50,000 |
JOHNS HOPKINS UNIVERSITY - WILMER EYE INSTITUTE PURPOSE: HEALTH AND RESEARCH | $50,000 |
JEWISH FAMILY AND CHILDREN'S SERVICE (JFCS) OF GREATER PHILADELPHIA PURPOSE: EDUCATION | $50,000 |
JOHNS HOPKINS UNIVERSITY COMPREHENSIVE DIABETES CENTER PURPOSE: HEALTH AND RESEARCH | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |