M E Raker Foundation Inc
- Assets
- $11.4m
- Revenue
- $1.8m
- Investments
- $11.1m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 31-1040474
Organization Overview
M E Raker Foundation Inc is located in Fort Wayne, IN. The organization was established in 1982. 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. M E Raker Foundation Inc 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 06/2022, M E Raker Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $645.7k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 5 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 2020, M E Raker Foundation Inc has awarded 227 individual grants totaling $1,674,440. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S CHARITABLE ACTIVITIES CONSIST OF GRANT PROGRAMS. ACCORDINGLY, THE FOUNDATION HAS NOT ENGAGED IN THE PERFORMANCE OF DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer J Pickard Secretary | 20 | $27,250 | |
Stephen J Williams President | 12 | $25,417 | |
Emily Pichon Vice-President & Treasurer | 10 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $239,304 |
| Net Rental Income | $18,000 |
| Net Gain on Sale of Assets | $1,577,000 |
| Capital Gain Net Income | $1,577,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,834,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,167 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,244 |
| Depreciation | $5,141 |
| Occupancy | $2,578 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,817 |
| Total operating and administrative expenses | $158,770 |
| Contributions, gifts, grants paid | $486,940 |
| Total expenses and disbursements | $645,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,075 |
| Savings and temporary cash investments | $271,508 |
| 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 | $3,692,215 |
| Net Land, buildings, and equipment | $26,392 |
| Other assets | $0 |
| Total assets | $11,391,570 |
| 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, M E Raker Foundation Inc has awarded $486,940 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Wayne, IN PURPOSE: WINDOW REPLACEMENT | $30,000 |
Fort Wayne, IN PURPOSE: ROLLAND CENTER FOR LINCOLN RESEARCH | $25,000 |
BRIDGE OF GRACE COMPASSIONATE MINISTRIES PURPOSE: OPERATING SUPPORT | $25,000 |
Fort Wayne, IN PURPOSE: ON DECK ADVANTAGE PROGRAM | $20,000 |
EASTER SEALS ARC OF NE INDIANA PURPOSE: NEURODIVERSITY WORKFORCE TRAINING INITIATIVE | $20,000 |
TURNSTONE CENTER PURPOSE: OPERATING SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |