Raynier Institute & Foundation
- Assets
- $69.4m
- Revenue
- $1.9m
- Investments
- $62.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 91-1644205
Organization Overview
Raynier Institute & Foundation is located in Wilmington, DE. The organization was established in 1994. 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. Raynier Institute & 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 12/2022, Raynier Institute & Foundation generated $1.9m 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 (12.6%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Raynier Institute & Foundation has awarded 677 individual grants totaling $37,487,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Valucci Treasurer/director | 1 | $0 | |
Edward Gardner Vice President/secretary/director | 1 | $0 | |
Robert Warth President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $103,626 |
| Dividends & Interest | $1,726,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,740 |
| Capital Gain Net Income | $103,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,934,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,492 |
| Pension plans, employee benefits | $4,081 |
| Interest | $0 |
| Taxes | $24,013 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,849 |
| Printing and publications | $0 |
| Other expenses | $50,268 |
| Total operating and administrative expenses | $404,194 |
| Contributions, gifts, grants paid | $4,795,000 |
| Total expenses and disbursements | $5,199,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,454,749 |
| 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 | $3,455,956 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,359,982 |
| 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, Raynier Institute & Foundation has awarded $4,795,000 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON MEMORIAL HOSPITAL FOUNDATION PURPOSE: TO SUPPORT NURSING RECRUITMENT AND RETAINMENT | $500,000 |
ADULTS WITH AUTISM LIVING WITH INDEPENDENCE VALUE AND ESTEEM PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
AMBLER THEATER INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
ANCILLAE-ASSUMPTA ACADEMY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ABINGTON MEMORIAL HOSPITAL FOUNDATION PURPOSE: TO SUPPORT NURSING RECRUITMENT AND RETAINMENT | $175,000 |
ANGEL FLIGHT EAST PURPOSE: GENERAL & UNRESTRICTED | $5,000 |