Rainbolt Family Foundation
- Assets
- $2.1m
- Revenue
- $65.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 73-1531898
Organization Overview
Rainbolt Family Foundation is located in Oklahoma City, OK. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rainbolt 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 12/2022, Rainbolt Family Foundation generated $65.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $176.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rainbolt Family Foundation has awarded 230 individual grants totaling $754,002. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H E Rainbolt President/director | 0 | $0 | |
David E Rainbolt Treasurer/director | 0 | $0 | |
Leslie Rainbolt Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,136 |
| 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 | $65,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,998 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,849 |
| Total operating and administrative expenses | $14,839 |
| Contributions, gifts, grants paid | $161,752 |
| Total expenses and disbursements | $176,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,617 |
| 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 | $2,137,573 |
| 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, Rainbolt Family Foundation has awarded $161,752 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA CITY PUBLIC SCHOOLS FOUNDATION PURPOSE: FINANCIAL SUPPORT | $10,000 |
SOONERS HELPING SOONERS PURPOSE: FINANCIAL SUPPORT | $1,000 |
NEIGHBORHOOD SERVICES ORGANIZATION PURPOSE: FINANCIAL SUPPORT | $2,500 |
HABITAT FOR HUMANITY PURPOSE: FINANCIAL SUPPORT | $1,000 |
ALLIED ARTS PURPOSE: FINANCIAL SUPPORT | $5,000 |
OKLAHOMA UNIVERSITY FOUNDATION PURPOSE: FINANCIAL SUPPORT | $3,250 |