James P Raymond Jr Foundation
- Assets
- $14.8m
- Revenue
- $763.0k
- Investments
- $13.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 31-1476555
Organization Overview
James P Raymond Jr Foundation is located in Wilmington, DE. The organization was established in 1996. 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. James P Raymond Jr 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 12/2023, James P Raymond Jr Foundation generated $763.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $466.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James P Raymond Jr Foundation has awarded 93 individual grants totaling $2,027,917. 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 |
|---|---|---|---|
Christine R Hofmann Dir, VP | 20 | $60,000 | |
Anne E Raymond Dir, Pres | 20 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,463 |
| Dividends & Interest | $520,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,220 |
| Capital Gain Net Income | $182,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,951 |
| Total Revenue | $762,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,392 |
| Depreciation | $0 |
| Occupancy | $21,947 |
| Travel, conferences, and meetings | $1,020 |
| Printing and publications | $1,018 |
| Other expenses | $25,891 |
| Total operating and administrative expenses | $269,468 |
| Contributions, gifts, grants paid | $197,287 |
| Total expenses and disbursements | $466,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,182 |
| 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 | $1,516,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $730,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,771,267 |
| 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 | $66,933 |
| Total liabilities | $66,933 |
Grants Awarded
Over the last fiscal year, James P Raymond Jr Foundation has awarded $197,287 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
A-DOOR HIM PURPOSE: GENERAL & UNRESTRICTED | $750 |
AMERICAN CANCER SOCIETY PURPOSE: SHUCK CANCER NEW ORLEANS FUND | $5,000 |
AUBURN UNIVERSITY FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BOYS HOPE GIRLS HOPE PURPOSE: CHARITABLE EVENT | $5,000 |
BRIDGE HOUSE CORPORATION PURPOSE: NEW GRACE HOUSE FUND | $75,000 |
CAMP SMILE A MILE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |