First Rate Foundation Inc
- Assets
- $82.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- Data as of
- 12/2023
- EIN
- 87-1380673
Organization Overview
First Rate Foundation Inc is located in Anchorage, AK. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Rate 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, First Rate Foundation Inc generated $92.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $82.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE FUNDING FOR THE NEEDS OF PEOPLE IN OUR COMMUNITY WHO ARE DIRECTLY TIED TO FIRST RATE AND THAT WE CAN HAVE A SIGNIFICANT IMPACT ON.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Wooten President | 0 | $0 | |
Justin Harris Treasurer | 0 | $0 | |
Adam Heafner Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,518 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $911 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,429 |
| 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 | $2,765 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,216 |
| Total expenses | $81,981 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,360 |
| Other assets | $0 |
| Total assets | $82,360 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,360 |