George & Audrey Rasmussen Family Foundation
- Assets
- $1.1m
- Revenue
- $62.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 26-3920859
Organization Overview
George & Audrey Rasmussen Family Foundation is located in Bellingham, WA. The organization was established in 2010. 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. George & Audrey Rasmussen 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 12/2022, George & Audrey Rasmussen Family Foundation generated $62.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $74.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George & Audrey Rasmussen Family Foundation has awarded 353 individual grants totaling $737,221. 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 |
|---|---|---|---|
Lauren R Ranz President And Director | 2 | $0 | |
Gary E Ranz Sec/treas And Director | 2 | $0 | |
Ezra P Ranz V.P. And Director | 2 | $0 | |
Audreanne R Ranz Executive Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,573 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,999 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,747 |
| Total operating and administrative expenses | $2,507 |
| Contributions, gifts, grants paid | $72,020 |
| Total expenses and disbursements | $74,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,075 |
| 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 | $48,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,104,910 |
| 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, George & Audrey Rasmussen Family Foundation has awarded $72,020 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR BIOLOGICAL DIVERSITY PURPOSE: GENERAL SUPPORT | $1,000 |
CHURCH OF CHRIST SCIENTIST BOSTON PURPOSE: GENERAL SUPPORT | $1,000 |
EARTH JUSTICE PURPOSE: GENERAL SUPPORT | $1,000 |
FREEDOM OF THE PRESS FOUNDATION PURPOSE: GENERAL SUPPORT | $500 |
GUATEMALA HOUSING ALLIANCE PURPOSE: GENERAL SUPPORT | $1,000 |
FIRST CHURCH OF CHRIST SCIENTIST BELLINGHAM WA PURPOSE: GENERAL SUPPORT | $2,250 |