Rachel Foundation
- Assets
- $65.5k
- Revenue
- $96.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Michael, MN
- Founding
- Data as of
- 12/2022
- EIN
- 87-2960273
Organization Overview
Rachel Foundation is located in Saint Michael, MN. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Rachel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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 |
|---|---|---|---|
Donald Rachel President | 1 | $0 | |
Matthew Coz Treasurer | 1 | $0 | |
Andrea Smith Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,541 |
| Interest on Savings | $13 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,446 |
| Total Revenue | $96,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,850 |
| Total operating and administrative expenses | $11,280 |
| Contributions, gifts, grants paid | $24,250 |
| Total expenses and disbursements | $35,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,470 |
| 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 | $65,470 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Rachel Foundation has awarded $24,250 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BAME FOUNDATION PURPOSE: RIDE FOR HOPE | $1,500 |
CHAD SMITH RIDE FOR LIFE PURPOSE: DONATION | $1,500 |
MINNESOTA BROKEN WING CONNECTION PURPOSE: DONATION | $1,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: 2022 PRESENTING SPONSOR | $8,000 |
AP CONST CHARITABLE EVENTS FOUNDATION PURPOSE: BREAKFAST SPONSOR | $1,000 |
ERIC F NETTER FUND CIA COMMUNITY GIVING PURPOSE: GOLF SPONSOR | $500 |