Rasmussen Foundation
- Assets
- $2.1m
- Revenue
- $149.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Agoura Hills, CA
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 77-0166925
Organization Overview
Rasmussen Foundation is located in Agoura Hills, CA. The organization was established in 1988. 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. Rasmussen 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, Rasmussen Foundation generated $149.8k 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 (10.3%) each year. All expenses for the organization totaled $246.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rasmussen Foundation has awarded 48 individual grants totaling $1,548,466. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Dean Rasmussen President | 0 | $0 | |
Kathleen Rasmussen Vice-President & Secretary | 0 | $0 | |
Eric N Rasmussen CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104 |
| Dividends & Interest | $35,993 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,357 |
| Capital Gain Net Income | $109,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,342 |
| Total Revenue | $149,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,011 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,616 |
| Total operating and administrative expenses | $20,378 |
| Contributions, gifts, grants paid | $226,500 |
| Total expenses and disbursements | $246,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,087 |
| 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 | $5,804 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,099,380 |
| Accounts payable and accrued expenses | $375 |
| 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 | $375 |
Grants Awarded
Over the last fiscal year, Rasmussen Foundation has awarded $226,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VIEWPOINT SCHOOL PURPOSE: CHARITABLE | $25,000 |
DIDI HIRSCH MENTAL HEALTH SERVICES PURPOSE: CHARITABLE | $1,500 |
THE ALS ASSOCIATION GOLDEN WEST CHAPTER INC PURPOSE: CHARITABLE | $200,000 |