Rauch Rainoff Foundation Inc
- Assets
- $385.0k
- Revenue
- $85.6k
- Investments
- $371.6k
- Employees
- 0
- Location
- Southern Pnes, NC
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 56-1842949
Organization Overview
Rauch Rainoff Foundation Inc is located in Southern Pnes, NC. The organization was established in 1994. 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. Rauch Rainoff 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 12/2022, Rauch Rainoff Foundation Inc generated $85.6k in total revenue. All expenses for the organization totaled $32.5k during the year ending 12/2022. While expenses have increased by 16.7% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Rainoff President | 2 | $0 | |
Robert Ferris Vice President | 1 | $0 | |
John Ferris Jr Sec. Treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,796 |
| Capital Gain Net Income | $83,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $407 |
| Printing and publications | $56 |
| Other expenses | $126 |
| Total operating and administrative expenses | $1,886 |
| Contributions, gifts, grants paid | $30,585 |
| Total expenses and disbursements | $32,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,424 |
| 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 | $384,987 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,250 |
| 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 | $7,250 |
Grants Awarded
Over the last fiscal year, Rauch Rainoff Foundation Inc has awarded $30,585 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
DURHAM SAVOYARDS PURPOSE: UNRESTRICTED | $250 |
MILLBROOK SCHOOL PURPOSE: TREVOR ZOO | $1,000 |
SUNRISE THEATER PURPOSE: UNRESTRICTED | $500 |
PBS NC PURPOSE: UNRESTRICTED | $150 |
ETHEL WALKER SCHOOL PURPOSE: UNRESTRICTED | $1,000 |
MEMORIAL SLOAN KETTERING PURPOSE: UNRESTRICTED | $1,000 |