Rasm Realtors Charitable Foundation Inc
- Assets
- $220.2k
- Revenue
- $227.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-4232393
Organization Overview
Rasm Realtors Charitable Foundation Inc is located in Sarasota, FL. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rasm Realtors Charitable Foundation 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 12/2023, Rasm Realtors Charitable Foundation Inc generated $227.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $169.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE RRCFS MISSION IS TO ENHANCE THE QUALITY OF LIFE AND OPPORTUNITIES IN SARASOTA AND MANATEE COUNTIES, AND SUPPORT RASM MEMBERS IN NEED, THROUGH THE DIRECT GIFTS OF RASM MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 12 DONATIONS TO LOCAL CHARITABLE 501(C)3 ORGANIZATIONS.
PROVIDED ASSISTANCE TO 10 INDIVIDUAL MEMBERS WHO EXPERIENCED HURRICANE DAMAGE OR NEEDED HELP WITH MEDICAL EXPENSES.
PROVIDED 20 COLLEGE SCHOLARSHIPS TO LOCAL STUDENTS IN THE AMOUNT OF $2,000 EACH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arakelian Jeff CEO | Officer | 0.5 | $0 |
Veldkamp Tony President | OfficerTrustee | 0.5 | $0 |
Tresidder Brian President-Elect | OfficerTrustee | 0.5 | $0 |
Barrett Tony Vice President | OfficerTrustee | 0.5 | $0 |
Crawford David Treasurer | OfficerTrustee | 0.5 | $0 |
Reynolds Debi Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,215 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,091 |
| Total Program Service Revenue | $0 |
| Investment income | $2,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $113,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,550 |
| Grants and other assistance to domestic individuals. | $92,380 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $169,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,048 |
| Savings and temporary cash investments | $192,158 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $220,206 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $220,206 |
| Net assets with donor restrictions | $0 |
| 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 | $220,206 |
Grants Awarded
Over the last fiscal year, Rasm Realtors Charitable Foundation Inc has awarded $42,862 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EVERYDAY BLESSINGS INC PURPOSE: To further charitable mission | $14,640 |
HABITAT FOR HUMANITY SARASOTA PURPOSE: To further charitable mission | $10,000 |
HARVEST TABERNACLE SARASOTA PURPOSE: To further charitable mission | $6,222 |
MANATEE CO HABITAT FOR HUMANI PURPOSE: To further charitable mission | $12,000 |