James P Raymond Jr Foundation
- Assets
- $13.7m
- Revenue
- $2.5m
- Investments
- $11.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/1996
- Data as of
- 12/2021
- 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 12/2021, James P Raymond Jr Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 16.7% per year over the past 4 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, James P Raymond Jr Foundation has awarded 49 individual grants totaling $1,412,525. 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 | $281 |
| Dividends & Interest | $403,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,024,509 |
| Capital Gain Net Income | $1,937,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,017 |
| Total Revenue | $2,503,810 |
| 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 | $24,994 |
| Depreciation | $0 |
| Occupancy | $16,712 |
| Travel, conferences, and meetings | $4,301 |
| Printing and publications | $0 |
| Other expenses | $34,468 |
| Total operating and administrative expenses | $293,651 |
| Contributions, gifts, grants paid | $712,350 |
| Total expenses and disbursements | $1,006,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $664,371 |
| 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 | $738,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,660,942 |
| 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 | $18,334 |
| Total liabilities | $18,334 |
Grants Awarded
Over the last fiscal year, James P Raymond Jr Foundation has awarded $712,350 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ST AUGUSTINE HIGH SCHOOL PURPOSE: LIBRARY REDESIGN FUND AND FINANCIAL AID FUND | $300,000 |
NEW ORLEANS CENTER FOR CREATIVE ARTS FOUNDATION PURPOSE: CAPITAL CAMPAIGN FOR THE NOCCA FORUM PLEDGE | $75,000 |
New Orleans, LA PURPOSE: NEW GRACE HOUSE | $75,000 |
New Orleans, LA PURPOSE: GENERAL & UNRESTRICTED | $60,000 |
New Orleans, LA PURPOSE: MENTORING CHILDREN OF PROMISE AND FRESH FOOD FACTOR | $40,000 |
New Orleans, LA PURPOSE: TEAM GLEASON FOUNDATION; SOUTHERN FOOD & BEVERAGE MUSEUM; LOUISIANA SPCA; BOYS HOPE GIRLS HOPE OF GREATER NEW ORLEANS; ST. MICHAEL SPECIAL SCHOOL; ST. THERESE ACADEMY; TO START THE ADVENTURE IN READING- STAIR; SECOND HARVEST FOOD BANK; BRIDGE HOUSE / GRACE HOUSE; PLEASE FOUNDATION | $31,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |