Rapp Family Foundation Inc
- Assets
- $7.9m
- Revenue
- $654.7k
- Investments
- $7.7m
- Employees
- 0
- Location
- Hamilton, MT
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 36-3756870
Organization Overview
Rapp Family Foundation Inc is located in Hamilton, MT. The organization was established in 1991. 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. Rapp Family 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 12/2023, Rapp Family Foundation Inc generated $654.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $591.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rapp Family Foundation Inc has awarded 709 individual grants totaling $3,341,623. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL COUNSELOR PROGRAM-ASSISTANCE TO UNDERPRIVILEDGED STUDENTS IN 11 DIFFERENT SCHOOLS IN RAVALLI COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas G Brader President | 4 | $0 | |
John H Ormiston Vice Pres/treas | 10 | $0 | |
Diane Thomas-Rupert Director | 10 | $0 | |
Larry Johnson Secretary | 4 | $0 | |
Jody Parsons Director | 4 | $0 | |
Vicki Motley Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,004 |
| Dividends & Interest | $155,264 |
| Net Rental Income | $113,170 |
| Net Gain on Sale of Assets | $354,862 |
| Capital Gain Net Income | $354,862 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $230 |
| Total Revenue | $654,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,904 |
| Total operating and administrative expenses | $108,392 |
| Contributions, gifts, grants paid | $483,531 |
| Total expenses and disbursements | $591,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,549 |
| Savings and temporary cash investments | $275,056 |
| 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 | $876,448 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,945,708 |
| 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, Rapp Family Foundation Inc has awarded $483,531 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
BEAR PURPOSE: SCHOLARSHIPS AND HIGH ROPES COURSE | $11,500 |
BITTERROOT LAND TRUST PURPOSE: GENERAL SUPPORT | $29,300 |
BITTERROOT WATER FORUM PURPOSE: RIVER CLEANUP, IRRIGATION TOUR, AND GENERAL SUPPORT | $4,000 |
BITTERROOT HUMANE SOCIETY PURPOSE: VET SUPPLIES AND SUPPORT | $12,720 |
BITTERROOT KIWANIS PURPOSE: CHRISTMAS FOOD BOXES | $2,000 |
BITTERROOT PUBLIC LIBRARY PURPOSE: COMPUTER FURNITURE | $3,750 |