Guaranteed Rate Foundation Nfp
- Assets
- $1.8m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 45-4204135
Organization Overview
Guaranteed Rate Foundation Nfp is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guaranteed Rate Foundation Nfp 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, Guaranteed Rate Foundation Nfp generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 44.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT AND ASSISTANCE TO FAMILIES AND PERSONS IN NEED AND AT TIMES OF CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO PEOPLE IN SITUATIONS ARISING FROM UNFORESEEN HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES. REQUESTS HAVE RANGED FROM FOOD, CLOTHING AND SHELTER FOLLOWING A NATURAL DISASTER TO ASSISTING WITH HOUSING, TRANSPORTATION AND OUTSTANDING BILLS AS A RESULT OF A JOB LOSS OR MEDICAL EMERGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Ubersox Vice President, Director | OfficerTrustee | 5 | $0 |
Kenneth Kane Treasurer | OfficerTrustee | 4 | $0 |
Raven Robinson Secretary | OfficerTrustee | 3 | $0 |
Victor Ciardelli President, Director | OfficerTrustee | 2 | $0 |
Rebecca Blabolil Trustee | Trustee | 2 | $0 |
Jason Oleniczak Senior Director, Gr Foundation | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $946,205 |
| Related organizations | $3,764,001 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,101,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,812,096 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,812,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,696,205 |
| Grants and other assistance to domestic individuals. | $1,395,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,092,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,798,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,798,790 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,798,790 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,798,790 |
Grants Awarded
Over the last fiscal year, Guaranteed Rate Foundation Nfp has awarded $4,696,205 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: ASSISTING VETERANS THROUGH MENTAL HEALTH PROGRAMS TO HELP THEM HEAL FROM COMBAT STRESS, PTSD AND TRAUMATIC BRAIN INJURY | $1,752,481 |
Pittsburgh, PA PURPOSE: ASSISTING INDIVIDUALS TO FIND MENTAL HEALTH SERVICES VIA A DIGITAL MENTAL HEALTH MARKETPLACE | $1,580,616 |
New York, NY PURPOSE: HELPING INDIVIDUALS FIND MENTAL HEALTH SCREENING PROGRAMS ON COLLEGE CAMPUSES AND WORKPLACES THROUGHOUT THE NATION | $1,363,108 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Guaranteed Rate Foundation Nfp has recieved totaling $19,316.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $11,074 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,221 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $3,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |