Rafati Foundation
- Assets
- $1.8m
- Revenue
- $507.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3920975
Organization Overview
Rafati Foundation is located in Salt Lake City, UT. The organization was established in 2009. 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. Rafati 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 12/2021, Rafati Foundation generated $507.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $20.9k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 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 2014, Rafati Foundation has awarded 105 individual grants totaling $176,388. 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 |
|---|---|---|---|
Cameron Rafati Trustee | 0.5 | $0 | |
Al Rafati Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $14 |
| Dividends & Interest | $8,431 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,462 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $506,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,018 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,635 |
| Total operating and administrative expenses | $5,653 |
| Contributions, gifts, grants paid | $15,200 |
| Total expenses and disbursements | $20,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $551,037 |
| 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 | $1,779,278 |
| 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, Rafati Foundation has awarded $15,200 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Midvale, UT PURPOSE: TO RECOGNIZE, EDUCATE, AND MEDICALLY TREAT PATIENTS WHO ARE WITHOUT RESOURCES. | $5,000 |
EXITUS PURPOSE: TO PROVIDE TRAFFICKING SURVIVORS WITH SUSTAINABLE PATHWAYS DESIGNED FOR THEIR HEALING AND SUCCESS LONGTERM. | $3,200 |
Murray, UT PURPOSE: TO SHELTER ABANDONED ANIMALS, FIGHT CRUELTY AND NEGLECT, AND CREATE AN ENVIRONMENT OF RESPECT, RESPONSIBILITY, AND COMPASSION FOR ALL ANIMALS ACROSS UTAH. | $2,000 |
HUNTSMAN CANCER INSTITUTE PURPOSE: TO UNDERSTAND CANCER FROM ITS BEGINNINGS, TO USE THAT KNOWLEDGE IN THE CREATION AND IMPROVEMENT OF CANCER TREATMENTS, TO RELIEVE THE SUFFERING OF CANCER PATIENTS, AND TO PROVIDE EDUCATION ABOUT CANCER RISK, PREVENTION, AND CARE. | $1,000 |
A BUDDY JUST LIKE ME PURPOSE: TO HELP INDIVIDUALS WITH A DIAGNOSIS, THEIR FAMILIES, AND CAREGIVERS FIND AND CREATE MEANINGFUL CONNECTIONS. | $1,000 |
DOCTORS WITHOUT BORDERS PURPOSE: TO PROVIDE LIFESAVING MEDICAL CARE TO THOSE MOST IN NEED. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
The Forsberg Charitable Foundation Scottsdale, AZ | $0 | $451,521 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |