Bernard & Audre Rapoport Foundation
- Assets
- $65.4m
- Revenue
- $4.4m
- Investments
- $64.7m
- Employees
- 0
- Location
- Waco, TX
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 74-2479712
Organization Overview
Bernard & Audre Rapoport Foundation is located in Waco, TX. The organization was established in 1989. 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. Bernard & Audre Rapoport 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 12/2021, Bernard & Audre Rapoport Foundation generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bernard & Audre Rapoport Foundation has awarded 201 individual grants totaling $16,372,980. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS WERE MADE TO ORGANIZATIONS QUALIFYING UNDER IRC SEC. 501(C)(3) TO FURTHER THEIR PURPOSES OF EDUCATION AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Tom Stanton Executive Director | 40 | $227,033 | |
Casey Sadler Grant Manager | 40 | $84,000 | |
Jenny Peel Grant Manager | 33 | $69,000 | |
Dr Ronald Rapoport Chairman, Trustee | 3.5 | $11,000 | |
Mrs Patricia Rapoport Trustee | 3.5 | $11,000 | |
Ambassador Lyndon Olson Jr Trustee | 3.5 | $11,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $942,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,500,398 |
| Capital Gain Net Income | $3,500,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,442,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,033 |
| Other employee salaries and wages | $153,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70,264 |
| Depreciation | $0 |
| Occupancy | $39,127 |
| Travel, conferences, and meetings | $8,033 |
| Printing and publications | $0 |
| Other expenses | $215,974 |
| Total operating and administrative expenses | $983,849 |
| Contributions, gifts, grants paid | $2,211,498 |
| Total expenses and disbursements | $3,195,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $723,948 |
| 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 | $10,712 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $64,676,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,894 |
| Total assets | $65,417,976 |
| Accounts payable and accrued expenses | $2,950 |
| Grants payable | $275,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,880,121 |
| Total liabilities | $22,158,071 |
Grants Awarded
Over the last fiscal year, Bernard & Audre Rapoport Foundation has awarded $2,016,803 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
HEART OF TEXAS MHMR PURPOSE: CRISIS CENTER CAMPAIGN | $400,000 |
UNIVERSITY OF TEXAS AUSTIN PURPOSE: RAPOPORT SCHOLARS PROGRAM | $355,250 |
New York, NY PURPOSE: ANNUAL ALLOCATION USED FOR HAND IN HAND ORGANIZATIONAL NEEDS | $177,625 |
New York, NY PURPOSE: TEDDY KOLLECK PARK | $177,625 |
WACO FAMILY MEDICINE PURPOSE: BUILDING FAMILY MEDICINE CAMPAIGN | $120,000 |
Waco, TX PURPOSE: SALARY SUPPORT FOR THE HOME DIRECTOR AT THE UNBOUND TRANSITIONAL HOUSE | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |