Erwin Rautenberg Foundation
- Assets
- $56.8m
- Revenue
- $5.5m
- Investments
- $40.5m
- Employees
- 0
- Location
- Inglewood, CA
- Founding
- 01/2013
- Data as of
- 11/2023
- EIN
- 45-5514206
Organization Overview
Erwin Rautenberg Foundation is located in Inglewood, CA. The organization was established in 2013. 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. Erwin Rautenberg 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 11/2023, Erwin Rautenberg Foundation generated $5.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $5.6m during the year ending 11/2023. While expenses have increased by 3.6% per year over the past 5 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, Erwin Rautenberg Foundation has awarded 181 individual grants totaling $13,593,338. 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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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 11/29/23 | $59,977 |
Armanino Llp | 11/29/23 | $41,361 |
Jewish Community Foundation Of Los Angeles | 11/29/23 | $75,000 |
Fidelity | 11/29/23 | $8,064 |
Armanino Llp | 11/29/23 | $0 |
Bank Of America | 11/29/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74,608 |
| Dividends & Interest | $2,289,173 |
| Net Rental Income | $1,039,445 |
| Net Gain on Sale of Assets | $375,604 |
| Capital Gain Net Income | $375,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $152,516 |
| Total Revenue | $5,504,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,313 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,330 |
| Depreciation | $83,615 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,959 |
| Printing and publications | $0 |
| Other expenses | $1,507,627 |
| Total operating and administrative expenses | $2,256,068 |
| Contributions, gifts, grants paid | $3,360,065 |
| Total expenses and disbursements | $5,616,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,515,202 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $24,872 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $21,169 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,503 |
| Net Investments - land, buildings, equipment | $13,688,107 |
| Investments—mortgage loans | $0 |
| Investments—other | $142,837 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,793,531 |
| 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 | $340,556 |
| Total liabilities | $340,556 |
Grants Awarded
Over the last fiscal year, Erwin Rautenberg Foundation has awarded $3,360,065 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF ELNET PURPOSE: TO SUPPORT PRO-ISRAELI EUROPEAN RELATIONS | $1,000 |
JEWISH BIG BROTHER BIG SISTER OF LO PURPOSE: TO ASSIST YOUTH IN ACHIEVING THEIR FULL POTENTIAL THROUGH INNOVATIVE, IMPACTFUL PROGRAMS. | $3,886 |
INTERNATIONAL FELLOWSHIP OF CHRISTI PURPOSE: TO BUILD BRIDGES BETWEEN CHRISTIANS AND JEWS | $50,000 |
BEAUTY BUS FOUNDATION PURPOSE: TO DELIVER LOVING KINDNESS, SUPPORT, AND COMPASSION TO SERIOUSLY ILL PATIENTS AND THEIR CAREGIVERS THROUGH BEAUTY SERVICES | $100 |
FORDEVEREIN EHEMALIGE SYNOGOGUE STA PURPOSE: TO SUPPORT HOLOCAUST MUSEUM IN STADTHAGEN, GERMANY | $10,700 |
CEDARS SINAI MEDICAL PURPOSE: TO PIONER MEDICAL RESEARCH ACHIEVEMENTS, EDUCATION PROGRAMS DEFINING THE FUTURE OF HEALTHCARE, AND WIDE-RANGING COMMUNITY BENEFIT ACTIVITIES, WERE SETTING NEW STANDARDS FOR QUALITY AND INNOVATION IN PATIENT CARE | $40,000 |