Bill Raskob Foundation Inc
- Assets
- $6.3m
- Revenue
- $196.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- Crownsville, MD
- Founding
- 05/1944
- Data as of
- 12/2023
- EIN
- 51-0110185
Organization Overview
Bill Raskob Foundation Inc is located in Crownsville, MD. The organization was established in 1944. 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. Bill Raskob 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, Bill Raskob Foundation Inc generated $196.4k 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 (6.0%) each year. All expenses for the organization totaled $483.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST NEEDY AND DESERVING STUDENTS THROUGH NO INTEREST EDUCATIONAL LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore H Bremekamp III President | 5 | $0 | |
Nicholas Bremer Director | 5 | $0 | |
Trista Ussery Director | 5 | $0 | |
Thomas Geuting Director | 5 | $0 | |
Patrick Mcgrory Director | 5 | $0 | |
Michael Duffy Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $78,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,547 |
| Capital Gain Net Income | $117,547 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,285 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,721 |
| Depreciation | $552 |
| Occupancy | $22,579 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,345 |
| Total operating and administrative expenses | $225,871 |
| Contributions, gifts, grants paid | $258,000 |
| Total expenses and disbursements | $483,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $312,411 |
| 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 | $1,734,759 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $751,327 |
| Net Land, buildings, and equipment | $8,473 |
| Other assets | $7,456 |
| Total assets | $6,340,851 |
| 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 | $30,436 |
| Total liabilities | $30,436 |