Rackspace Foundation
- Assets
- $821.6k
- Revenue
- $235.4k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3332818
Organization Overview
Rackspace Foundation is located in San Antonio, TX. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Rackspace 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 12/2022, Rackspace Foundation generated $235.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $494.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rackspace Foundation has awarded 69 individual grants totaling $4,319,260. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOCUSES ON CREATING A LEARNING COMMUNITY WHERE EDUCATION IS VALUED, FAMILIES AND EDUCATORS ARE ENGAGED, AND STUDENTS STRIVE TO REACH THEIR FULLEST POTENTIAL. THE FUNCTIONAL MISSION IS FINANCIAL AND ORGANIZATIONAL SUPPORT TO NON-PROFITS WORKING WITH SCHOOLS AND HELPING THEM FOSTER BETTER RESULTS AND TO BRING TOGETHER STAKEHOLDERS TO FOCUS ON A UNIFIED SENSE OF PURPOSE. THE FOUNDATION BELIEVES IN PARTNERING WITH EXPERTS AND PROVIDING RESOURCES TO AFFECT CHANGE RATHER THAN INVENT PROGRAMS. WHEN THE FOUNDATION DELIVERS ON ITS PARTNERSHIP MISSION EFFECTIVELY, IT RESULTS IN HIGH EXPECTATIONS FOR LEARNING, MORE ENGAGED PARENTS, POSITIVE CAMPUS ATTITUDE, BETTER TEACHER AND STUDENT ATTENDANCE, AND GREATER EXPOSURE AND RECOGNITION FOR OUR NEIGHBORHOOD SCHOOLS. IT DOES THIS THROUGH A COMBINATION OF PROGRAM SPONSORSHIP AND EVENT PLANNING THROUGH ARTS AND CULTURE, ENVIRONMENT AND SCHOOL NEIGHBORHOOD SAFETY PROGRAMS IN THE SCHOOL DAY, AFTERSCHOOL AND DURING THE SUMMER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITIES IN SCHOOLS (CIS) OF SAN ANTONIO, INC - FUNDS WERE GRANTED TO PROVIDE A CASE MANAGER TO WALZEM ELEMENTARY, CAMELOT ELEMENTARY AND WINDCREST ELEMENTARY. THE CIS MANAGERS PROVIDED COMPREHENSIVE CASE MANAGEMENT SERVICES TO K-5TH GRADE STUDENTS. THEY REFERRED FOR PROBLEMS IN ACADEMICS, BEHAVIOR, OR ATTENDANCE. THE CIS CASE MANAGERS PROVIDED OR COLLABORATED ON SCHOOL-WIDE ACTIVITIES TO INCREASE STUDENT ACHIEVEMENT AND FOR PARENTS AND FAMILIES IN ORDER TO INCREASE PARENT INVOLVEMENT AND PARENT-SCHOOL COMMUNICATION.
YOUTH ORCHESTRA OF SAN ANTONIO - FUNDING WAS GRANTED TO YOUTH ORCHESTRAS OF SAN ANTONIO (YOSA) TO HELP BUILD A WORLD CLASS ORCHESTRA PROGRAM IN THE ROOSEVELT CLUSTER. ENGAGEMENT INCLUDED UNDERWRITING OF CONCERT SERIES, CAMPUS LEVEL ENGAGEMENT, FIELD TRIPS, INSTRUMENT LOANS, INSTRUCTIONAL SUPPORT, AND PRIVATE LESSONS FOR MIDDLE AND HIGH SCHOOL STUDENTS. ADDITIONALLY, IT INCLUDES A "RACKSPACE SCHOLARS" PROGRAM THAT PROVIDES SCHOLARSHIP FOR SUMMER SYMPHONY CAMP.
NE EDUCATIONAL FOUNDATION - FUNDS WERE GRANTED THROUGH THE NORTH EAST INDEPENDENT SCHOOL DISTRICT FOR EACH OF THE MAGNIFICENT 7 CLUSTER SCHOOLS TO HAVE AN ALLOCATION OF DISCRETIONARY FUNDS. THESE FUNDS ARE RESTRICTED TO BENEFITING STUDENTS IN EITHER FAMILY ENGAGEMENT ACTIVITIES, PARTICIPATION IN EXTRACURRICULAR ACTIVITIES, TEAM SUPPORT, STAFF ENGAGEMENT AND CULTURE, OR STUDENT ENGAGEMENT AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 10 | $0 |
Name Not Listed President (part Year) | OfficerTrustee | 10 | $0 |
Name Not Listed Board Member/secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Memer (part Year) | Trustee | 1 | $0 |
Name Not Listed Board Member (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,383 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $462,678 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $494,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $821,632 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $821,632 |
| Total liabilities and net assets/fund balances | $821,632 |
Grants Awarded
Over the last fiscal year, Rackspace Foundation has awarded $462,678 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF SAN ANTONIO PURPOSE: SEE PART IV | $30,000 |
GIRLSTART PURPOSE: SEE PART IV | $50,000 |
GEMINI INK PURPOSE: SEE PART IV | $33,594 |
COMMUNITIES IN SCHOOLS OF SAN ANTONIO PURPOSE: SEE PART IV | $197,500 |
NE EDUCATIONAL FOUNDATION PURPOSE: SEE PART IV | $54,000 |
YOUTH CODE JAM PURPOSE: SEE PART IV | $27,584 |