Rak Foundation
- Assets
- $1.4m
- Revenue
- $74.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Franklin, OH
- Founding
- Data as of
- 12/2021
- EIN
- 83-2460674
Organization Overview
Rak Foundation is located in Franklin, OH.
For the year ending 12/2021, Rak Foundation generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (45.4%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,428 |
| Capital Gain Net Income | $54,428 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $619 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,637 |
| Contributions, gifts, grants paid | $42,528 |
| Total expenses and disbursements | $57,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,063 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,352,899 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Rak Foundation has awarded $42,528 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADIA COOK PURPOSE: ADIA COOK, TUITION | $34,290 |
LOURDES VALENTINA CHAVEZ GUAJAN PURPOSE: TUITION | $5,238 |
BETHESDA FOUNDATION PURPOSE: BARRY WILLISON SCHOLARSHIP FUND | $2,000 |
Avon, OH PURPOSE: SCHOLARSHIPS | $1,000 |
View Grant Profile
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