Walter J And Natalie M Rais Charitable Tr Foundation
- Assets
- $0.0
- Revenue
- $995.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Novi, MI
- Founding
- 01/2004
- Data as of
- 10/2021
- 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 10/2021, Walter J And Natalie M Rais Charitable Tr Foundation generated $995.5k in total revenue. All expenses for the organization totaled $1.8m during the year ending 10/2021. While expenses have increased by 332.0% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph H Clancy Trustee | 0 | $75,143 | |
Ursula Clancy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $103 |
| Dividends & Interest | $12,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $983,257 |
| Capital Gain Net Income | $983,257 |
| Net ST Capital Gain | $4,979 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $995,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,143 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,216 |
| Total operating and administrative expenses | $76,500 |
| Contributions, gifts, grants paid | $1,738,000 |
| Total expenses and disbursements | $1,814,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Walter J And Natalie M Rais Charitable Tr Foundation has awarded $1,738,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MONASTERY OF THE BLESSED SACRAMENT PURPOSE: CONTRIBUTION - BENEFIT MONASTERY | $900,000 |
ST WILIAM PARISH PURPOSE: PARISH NEEDS | $800,000 |
SCLERODERMA FOUNDATION PURPOSE: MEDICAL RESEARCH | $38,000 |