The Rawlings Foundation Inc
- Assets
- $169.2m
- Revenue
- $36.9m
- Investments
- $49.9m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 65-1051638
Organization Overview
The Rawlings Foundation Inc is located in Palm Beach, FL. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Rawlings 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, Rawlings Foundation Inc generated $36.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $25.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rawlings Foundation Inc has awarded 66 individual grants totaling $17,940,279. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION, OPERATION AND MANAGEMENT OF THE GUATEMALA YOUTH CAMP.
OPERATION AND MANAGEMENT OF THE PHILIPPINES YOUTH CAMP.
OPERATION AND MANAGEMENT OF THE CAMBODIA YOUTH CAMP.
OPERATION AND MANAGEMENT OF THE DOMINICAN REPUBLIC YOUTH CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George R Rawlings Director, Voting Member | 10 | $0 | |
Herbert M Rawlings Director | 40 | $194,688 | |
Jonathan Falwell Chairman Of The Board | 10 | $120,000 | |
Greg Lyons Board Member | 20 | $0 | |
Matt Holman Board Member | 10 | $0 | |
Dave Stone Board Member | 10 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,811,015 |
| Interest on Savings | $551,588 |
| Dividends & Interest | $1,005,543 |
| Net Rental Income | $326,273 |
| Net Gain on Sale of Assets | $1,248,495 |
| Capital Gain Net Income | $1,248,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45 |
| Total Revenue | $36,942,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $804,677 |
| Other employee salaries and wages | $231,214 |
| Pension plans, employee benefits | $230,425 |
| Interest | $0 |
| Taxes | $107,716 |
| Depreciation | $2,405,468 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $276,033 |
| Printing and publications | $7,500 |
| Other expenses | $13,709,030 |
| Total operating and administrative expenses | $18,134,090 |
| Contributions, gifts, grants paid | $7,135,738 |
| Total expenses and disbursements | $25,269,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,933,488 |
| Savings and temporary cash investments | $46,991,279 |
| 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 | $49,447,802 |
| Other assets | $10,935,121 |
| Total assets | $169,160,186 |
| Accounts payable and accrued expenses | $500 |
| 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 | $500 |
Grants Awarded
Over the last fiscal year, The Rawlings Foundation Inc has awarded $7,135,738 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CRESTWOOD BAPTIST CHURCH PURPOSE: SUPPORT FOR MINISTRY OPERATIONS | $312,000 |
GLOBAL SURGE PURPOSE: SUPPORT FOR MINISTRY OPERATIONS | $210,000 |
FAMILY CHURCH PURPOSE: SUPPORT FOR MINISTRY OPERATIONS | $2,352,000 |
HARRODS CREEK BAPTIST CHURCH PURPOSE: SUPPORT FOR MINISTRY OPERATIONS | $312,000 |
HIGHPOINT CHARITABLE SERVICES PURPOSE: SUPPORT FOR MINISTRY OPERATIONS | $16,314 |
LANDMARK CHURCH PURPOSE: SUPPORT FOR MINISTRY OPERATIONS | $40,000 |