Raddon Family Foundation
- Assets
- $435.0k
- Revenue
- $56.4k
- Investments
- $434.0k
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 46-1514680
Organization Overview
Raddon Family Foundation is located in Sandy, UT. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Raddon Family 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 12/2023, Raddon Family Foundation generated $56.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $55.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Raddon Family Foundation has awarded 57 individual grants totaling $412,528. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Raddon Trustee | 1 | $0 | |
Rebecca Raddon Trustee | 1 | $0 | |
Russell Raddon Trustee | 1 | $0 | |
Raquel Frye Trustee | 1 | $0 | |
Richard Raddon Trustee | 1 | $0 | |
Ryan Raddon Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,423 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $30 |
| Contributions, gifts, grants paid | $55,893 |
| Total expenses and disbursements | $55,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,009 |
| 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 | $434,962 |
| 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, Raddon Family Foundation has awarded $55,893 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT GRACE COASTSIDE WORKER PURPOSE: HELP FOR THE HOMELESS | $4,000 |
CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: HUMANITARIAN AID | $50,893 |
UTAH FOOD BANK PURPOSE: FOOD FOR NEEDY | $500 |
WOUNDED WARRIOR PURPOSE: HELP FOR VETERANS | $500 |