Walter J And Natalie M Rais Charitable Tr Foundation
- Assets
- $0.0
- Revenue
- $24.3k
- Investments
- $769.5k
- Employees
- 0
- Location
- Novi, MI
- Founding
- 01/2004
- Data as of
- 10/2020
- EIN
- 32-6021410
Organization Overview
Walter J And Natalie M Rais Charitable Tr Foundation is located in Novi, MI. The organization was established in 2004. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Walter J And Natalie M Rais Charitable Tr 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 10/2020, Walter J And Natalie M Rais Charitable Tr Foundation generated $24.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $123.9k during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,315 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $429 |
| Total operating and administrative expenses | $48,886 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $123,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,179 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
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