William Raveis Charitable Fund Inc
- Assets
- $487.5k
- Revenue
- $672.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 81-0648663
Organization Overview
William Raveis Charitable Fund Inc is located in Shelton, CT. The organization was established in 2004. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Raveis Charitable Fund 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, William Raveis Charitable Fund Inc generated $672.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $703.7k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WILLIAM RAVEIS CHARITABLE FUND, INC. IS TO RAISE AWARENESS FOR AND SUPPORT CANCER RESEARCH BY PARTNERING WITH THE DAMON RUNYON CANCER RESEARCH FOUNDATION AND THE DANA-FARBER CANCER INSTITUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CUTTING-EDGE RESEARCH AGAINST ALL FORMS OF CANCER.THE CHARITABLE FUND HAS CHOSEN TO PARTNER WITH THE DAMON RUNYON CANCER RESEARCH FOUNDATION, WHICH FUNDS THE MOST PROMISING SCIENTISTS CONDUCTING CUTTING-EDGE CANCER RESEARCH; AND THE DANA-FARBER CANCER INSTITUTE WHICH IS COMMITTED TO PROVIDING ADULTS AND CHILDREN WITH CANCER, THE BEST TREATMENT AVAILABLE WHILE ALSO DEVELOPING TOMORROW'S CURES THROUGH CUTTING-EDGE RESEARCH. THE CHARITABLE FUND HAS RAISED $4 MILLION FOR DAMON RUNYON OVER THEIR EIGHTH-YEAR COLLABORATION AND FOR DANA-FARBER OVER THEIR THREE YEAR COLLABORATION. THE WILLIAM RAVEIS CHARITABLE FUND HAS FUNDED 24 SCIENTISTS WHO ARE RESEARCHING 11 DIFFERENT TYPES OF CANCER AT 10 DIFFERENT INSTITUTIONS IN CONNECTICUT, MASSACHUSETTS AND NEW YORK. ADDITIONALLY, 100% OF DONATIONS GO TO THE DAMON RUNYON CANCER RESEARCH FOUNDATION & THE DANA-FARBER CANCER INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Raveis Managing Director | Trustee | 40 | $0 |
William M Raveis Jr President/director | OfficerTrustee | 1 | $0 |
Ryan Raveis Treasurer/director | OfficerTrustee | 1 | $0 |
Christopher Raveis Secretary/director | OfficerTrustee | 1 | $0 |
Candace Raveis Vice President/director | OfficerTrustee | 1 | $0 |
Peter Ambrose Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $273,443 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,739 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,375 |
| Net Income from Gaming Activities | $44,213 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $525,709 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,914 |
| Payroll taxes | $5,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,893 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,119 |
| Advertising and promotion | $26,829 |
| Office expenses | $1,759 |
| Information technology | $5,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $703,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $428 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $487,477 |
| Accounts payable and accrued expenses | $203 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $203 |
| Net assets without donor restrictions | -$33,824 |
| Net assets with donor restrictions | $521,098 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $487,477 |
Grants Awarded
Over the last fiscal year, William Raveis Charitable Fund Inc has awarded $518,244 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DANA-FARBER CANCER INSTITUTE INC PURPOSE: TO SUPPORT CUTTING-EDGE RESEARCH TO FIND TREATMENTS AND CURES FOR ALL FORMS OF CANCER | $125,000 |
DAMON RUNYON CANCER PURPOSE: TO SUPPORT CUTTING-EDGE RESEARCH TO FIND TREATMENTS AND CURES FOR ALL FORMS OF CANCER | $393,244 |