Lyle Rakers Charitable Foundation
- Assets
- $152.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maryland Heights, MO
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 83-1218542
Organization Overview
Lyle Rakers Charitable Foundation is located in Maryland Heights, MO. The organization was established in 2018. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyle Rakers Charitable 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, Lyle Rakers Charitable Foundation generated $135.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $64.3k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2021, THE ORGANIZATION PROVIDED GRANTS TO SUPPORT THE RESEARCH OF AMYOTROPHIC LATERAL SCLEROSIS (ALS).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Rakers Vice President | 1 | $0 | |
James Rable President | 1 | $0 | |
Dinah Weston Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,858 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $40,647 |
| Other Revenue | $0 |
| Total Revenue | $135,505 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,721 |
| Total expenses | $64,321 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,555 |
| Other assets | $0 |
| Total assets | $152,555 |
| Total liabilities | $0 |
| Net assets or fund balances | $152,555 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lyle Rakers Charitable Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pkd Foundation Kansas City, MO | $20,909,832 | $16,124,449 |
Citizens United For Research In Epilepsy Chicago, IL | $10,496,452 | $6,043,691 |
Omega Medical Grants Association Rosemont, IL | $5,080,670 | $4,530,118 |
American Medical Association Foundation Chicago, IL | $26,650,564 | $8,763,967 |
Nashville Wine Auction Nashville, TN | $1,455,016 | $3,050,154 |
Leukemia Research Foundation Inc Northfield, IL | $5,035,074 | $2,910,174 |
Head For The Cure Kansas City, MO | $719,180 | $1,965,362 |
Levelup Kids Inc Kansas City, MO | $1,600,938 | $1,601,663 |
Partnership For Cures Chicago, IL | $2,901,397 | $2,128,264 |
T J Martell Foundation Nashville, TN | $1,696,815 | $381,037 |
Orthopaedic Foot & Ankle Foundation Rosemont, IL | $10,882,425 | $1,439,579 |
Nancy Taylor Foundation For Chronic Diseases Tulsa, OK | $2,667,551 | $586,944 |