We Raise Foundation
- Assets
- $11.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Itasca, IL
- Founding
- 11/1962
- Data as of
- 06/2023
- EIN
- 84-0404924
Organization Overview
We Raise Foundation is located in Itasca, IL. The organization was established in 1962. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2023, We Raise Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Raise 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 06/2023, We Raise Foundation generated $1.2m 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 (10.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, We Raise Foundation has awarded 200 individual grants totaling $5,213,606. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNER WITH CHRISTIAN ORGANIZATIONS TO SUPPORT & DEVELOP PROGRAMS HELPING PEOPLE THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES FOR THE EDUCATION, TRAINING AND SUPPORT OF PROFESSIONALS AND OTHER LEADERS IN THE CHRISTIAN COMMUNITY THAT ARE INVOLVED IN DESIGNING OR OPERATING PROJECTS. WE RAISE FOUNDATION RESOURCED GRANT PARTNERS TO ATTEND SEVERAL EVENTS THROUGHOUT THE YEAR INCLUDING EDUCATIONAL CONVENINGS FOR GRANTEES AND WORKSHOPS FOR LEADERS WHO ARE LEADING NEW PROGRAMS THAT WORK AT THE INTERSECTION OF POVERTY, VIOLENCE, AND INEQUALITY.
10 GRANTS AWARDED TO EXEMPT ORGANIZATIONS THAT WORK AT THE INTERSECTION OF POVERTY, VIOLENCE, AND INEQUALITY IN THE UNITED STATES AND THE DIRECT EXPENSES OF INTERNALLY FUNDED AND DIRECTED PROJECTS. THE GRANT PROGRAMS SUPPORTED BY WE RAISE FOUNDATION SERVED A TOTAL OF 22,948 UNIQUE INDIVIDUALS BETWEEN JULY 2022 AND JUNE 2023. THE GRANT PROGRAMS SUPPORTED BY WE RAISE FOUNDATION DURING THE PAST YEAR ALSO ENGAGED A TOTAL OF 717 UNIQUE VOLUNTEERS IN SERVICE.
EXPENSES INCURRED FOR THE REVIEW, EVALUATION, SELECTION AND AWARDING OF PROJECT GRANTS, AND SUPPORT FOR INTERNALLY FUNDED AND DIRECTED PROJECTS. WE RAISE FOUNDATION EMPLOYED ONE FULL TIME STAFF MEMBER AND INVESTED IN THE TECHNOLOGY AND SUPPLIES NEEDED TO VET 27 GRANT PROPOSALS RECEIVED DURING THE YEAR, AWARDED 10 NEW GRANTS, AND EVALUATED, MANAGED, AND PROVIDED ASSISTANCE AND CONSULTING TO ACTIVE GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (part Year), Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair (part Year) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair (part Year), Director | OfficerTrustee | 1 | $0 |
Name Not Listed Director (part Year), Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $898,781 |
| Noncash contributions included in lines 1a–1f | $5,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,781 |
| Total Program Service Revenue | $0 |
| Investment income | $291,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,150,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,486 |
| 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. | $269,512 |
| Compensation of current officers, directors, key employees. | $13,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,409 |
| Pension plan accruals and contributions | $20,478 |
| Other employee benefits | $33,225 |
| Payroll taxes | $33,378 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $4,198 |
| Fees for services: Accounting | $28,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $78,000 |
| Fees for services: Investment Management | $32,949 |
| Fees for services: Other | $24,066 |
| Advertising and promotion | $65,233 |
| Office expenses | $28,691 |
| Information technology | $15,757 |
| Royalties | $0 |
| Occupancy | $110,596 |
| Travel | $20,353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,685 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,324 |
| Insurance | $13,536 |
| All other expenses | $0 |
| Total functional expenses | $1,512,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,118 |
| Accounts receivable, net | $0 |
| 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 | $37,464 |
| Net Land, buildings, and equipment | $8,436 |
| Investments—publicly traded securities | $8,621,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,882,363 |
| Total assets | $11,347,585 |
| Accounts payable and accrued expenses | $35,375 |
| Grants payable | $408,744 |
| 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 | $270,677 |
| Total liabilities | $714,796 |
| Net assets without donor restrictions | $6,490,832 |
| Net assets with donor restrictions | $4,141,957 |
| 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 | $11,347,585 |
Grants Awarded
Over the last fiscal year, We Raise Foundation has awarded $330,486 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY WAREHOUSE INC PURPOSE: Partners in Hope Training Program | $100,000 |
SUNSHINE GOSPEL PURPOSE: Empowering Youth: Academic Success | $100,000 |
CENTER FOR URBAN EDUCATION MINISTRIES PURPOSE: Mission Enhancement Support | $47,185 |
REDEEER LUTHERAN CHURCH PURPOSE: Kitchen Renewal Cfunding (Siebert Fdtn) | $21,551 |
LAWNDALE CHRISTIAN LEGAL CENTER PURPOSE: Facility Feasibility Study: RJC | $11,000 |
POSSIBILITY LABS PURPOSE: Discover Community Cafe | $10,500 |