Rayce Rudeen Foundation
- Assets
- $1.1m
- Revenue
- $409.9k
- Investments
- $218.1k
- Employees
- 0
- Location
- Liberty Lake, WA
- Founding
- 03/2018
- Data as of
- 06/2024
- EIN
- 81-3098865
Organization Overview
Rayce Rudeen Foundation is located in Liberty Lake, WA. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rayce Rudeen 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 06/2024, Rayce Rudeen Foundation generated $409.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $968.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rayce Rudeen Foundation has awarded 26 individual grants totaling $334,750. 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 |
|---|---|---|---|
Marsha Malsam Chief Executive Officer | 30 | $0 | |
Bryan Walters Treasurer | 1 | $0 | |
Kevin K Rudeen Chairman | 1 | $0 | |
K Remington Rudeen Vice President | 1 | $0 | |
Jon Hager Vice President | 1 | $0 | |
B Kirk Kappen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $315,502 |
| Interest on Savings | $28,392 |
| Dividends & Interest | $1,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,855 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,190 |
| Other Income | $71,516 |
| Total Revenue | $409,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $62,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,679 |
| Printing and publications | $5,884 |
| Other expenses | $796,754 |
| Total operating and administrative expenses | $913,945 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $968,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,323 |
| Savings and temporary cash investments | $687,004 |
| 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 | $218,091 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $839 |
| Total assets | $1,093,257 |
| Accounts payable and accrued expenses | $1,859 |
| 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 | $1,859 |
Grants Awarded
Over the last fiscal year, Rayce Rudeen Foundation has awarded $55,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE-MOTHERINFANT HOUSING PURPOSE: DONATE TO QUALIFYING 501(C)(3) ORGANIZATION | $25,000 |
FOOD BANK FOR CENTRAL & NE MISSOURI PURPOSE: DONATE TO QUALIFYING 501(C)(3) ORGANIZATION | $10,000 |
HUB SPORTS CENTER PURPOSE: DONATE TO QUALIFYING 501(C)(3) ORGANIZATION | $10,000 |
MADDIE'S PLACE PURPOSE: DONATE TO QUALIFYING 501(C)(3) ORGANIZATION | $10,000 |