Raa Foundation Inc
- Assets
- $675.1k
- Revenue
- $33.0k
- Investments
- $641.3k
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 09/1994
- Data as of
- 06/2022
- EIN
- 68-0309129
Organization Overview
Raa Foundation Inc is located in Santa Rosa, CA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raa 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 06/2022, Raa Foundation Inc generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $38.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED JUNE 30, 2022, THE RAA FOUNDATION PROVIDED $25,706 OF TUITION BENEFITS FOR WORTHY STUDENTS OTHERWISE UNABLE TO ATTEND THE REDWOOD ADVENTIST ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Schramer President | 2 | $0 | |
Dana Wood Director | 0.5 | $0 | |
Laurie Wood Secretary | 2 | $0 | |
Mary Schramer Treasurer | 2 | $0 | |
Yolanda Merklin Director | 0.25 | $0 | |
Chris Merklin Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,450 |
| Capital Gain Net Income | $1,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,984 |
| 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 | $447 |
| Total operating and administrative expenses | $12,288 |
| Contributions, gifts, grants paid | $25,706 |
| Total expenses and disbursements | $37,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,631 |
| Savings and temporary cash investments | $16,042 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $128 |
| 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 | $675,114 |
| Accounts payable and accrued expenses | $315 |
| 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 | $315 |
Grants Awarded
Over the last fiscal year, Raa Foundation Inc has awarded $31,589 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
REDWOOD ADVENTIST ACADEMY PURPOSE: TO PROVIDE STUDENT TUITION AID, SCHOLARSHIPS, AND OTHER ASSISTANCE. | $25,500 |
SHAUN LAZARUS RAA PRINCIPAL PURPOSE: SPONSOR PRINCIPAL TO EDUCATION CONFERENCE. | $1,089 |
REDWOOD ADVENTIST ACADEMY PURPOSE: TO PROVIDE COMPUTERS FOR TEACHERS. | $5,000 |