Raikes Foundation
- Assets
- $96.2m
- Revenue
- $36.7m
- Investments
- $93.4m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 91-2173492
Organization Overview
Raikes Foundation is located in Seattle, WA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Raikes 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, Raikes Foundation generated $36.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $26.2m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Raikes Foundation has awarded 1,952 individual grants totaling $153,729,660. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EDUCATION: NATIONAL NETWORK LEADERSHIP WHICH INCLUDED LEADING, WORKING ALONGSIDE AND SUPPORTING FIELD NETWORK PARTNERS FOR THE BUILDING EQUITABLE LEARNING ENVIRONMENTS NETWORK AND STUDENT EXPERIENCE PROJECT NETWORK TO ALIGN ON OBJECTIVES, PRIORITIES AND STRATEGIES; ACTED AS LEAD CONVENERS AND FACILITATORS FOR NETWORK PARTNERS; SYNTHESIZED NETWORK PARTNER LEARNING; AND, DEVELOPED RELATED REPORTS, BRIEFINGS, GUIDES, COMMUNICATIONS AND PUBLICATIONS TO FURTHER NETWORKPRIORITIES.
IMPACT-DRIVEN PHILANTHROPY: SUPPORTS INCLUDED DEVELOPING AND DELIVERING PROGRAMMING FOR THE DESTINATION IMPACT COMMUNITY; MANAGED EVALUATION COMPONENT FOR IMPACT DRIVEN PHILANTHROPY COLLABORATIVE LEARNING PARTNERSHIP BY HOSTING WEEKLY MEETINGS, REGULAR COMMUNICATIONS AND PROJECT MANAGEMENT; SUPPORT IMPLEMENTATION OF A DIGITAL DIRECTORY TO HELP DONOR SUPPORT ORGANIZATIONS (PUBLIC INFORMATION EXCHANGE PLATFORM). PROVIDED RESEARCH, DIRECTORY DESIGN/BUILD OUT, TESTING WITH COLLABORATIVE NETWORK PARTNERS, IMPLEMENTING AND PROMOTING DIRECTORY WITH FIELD PARTNERS.
YOUTH AND YOUNG ADULT HOMELESSNESS: STRATEGIC DEVELOPMENT AND OPERATIONAL FACILITATION OF YOUTH HOMELESSNESS FIELD FELLOWSHIP PROGRAM; FACILITATE AND SUPPORT YOUTH ADVOCACY IN THE YOUTH HOMELESSNESS NATIONAL MOVEMENT BUILDING THROUGH FIELD EDUCATION TACTICS, ENGAGEMENT AND INCLUSION OF YOUTH VOICE; EXECUTION OF A BEHAVIORAL HEALTH MEDICAID STUDY AND IMPLICATIONS TO HOMELESS YOUTH; WORKING WITH NATIONAL FIELD PARTNERS TO INTEGRATE PREVENTION OF HOMELESS YOUTH IN YOUTH SERVING SYSTEM INSTITUTIONAL SYSTEMS (EDUCATION, CHILD WELFARE, JUVENILE JUSTICE, ETC.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey S Raikes Trustee And Co-President | 20 | $0 | |
Patricia M Raikes Trustee, Co-Pres, & Treas. | 30 | $0 | |
Gwen Sherman Secretary | 20 | $0 | |
Dennis Quirin Executive Director | 40 | $301,678 | |
Zoe Stemm-Calderon Senior Director, You | 40 | $256,677 | |
Casey Trupin Director, Youth Home | 40 | $228,759 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skd Knickerbocker Llc | 12/30/22 | $361,654 |
Rally | 12/30/22 | $420,389 |
Education Counsel | 12/30/22 | $952,126 |
Shift Resultsshift Consulting Llc | 12/30/22 | $300,000 |
Ghost Note Agency | 12/30/22 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,602,758 |
| Interest on Savings | $23,942 |
| Dividends & Interest | $1,480,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,506,014 |
| Capital Gain Net Income | $13,779,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,098,413 |
| Total Revenue | $36,711,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $301,678 |
| Other employee salaries and wages | $2,187,634 |
| Pension plans, employee benefits | $685,801 |
| Interest | $0 |
| Taxes | $100,639 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $286,810 |
| Printing and publications | $11 |
| Other expenses | $137,448 |
| Total operating and administrative expenses | $7,667,471 |
| Contributions, gifts, grants paid | $18,534,553 |
| Total expenses and disbursements | $26,202,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309,249 |
| Savings and temporary cash investments | $1,279,250 |
| Net Accounts receivable | $2,840 |
| 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 | $189,325 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,347,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $96,195,604 |
| Accounts payable and accrued expenses | $33,762 |
| Grants payable | $6,838,501 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,874 |
| Total liabilities | $6,875,137 |
Grants Awarded
Over the last fiscal year, Raikes Foundation has awarded $27,345,499 in support to 316 organizations.
| Grant Recipient | Amount |
|---|---|
609 CHIEF SEATTLE COUNCIL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AFRICATOWN COMMUNITY LAND TRUST PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
AFRICATOWN COMMUNITY LAND TRUST PURPOSE: FROM IMAGINATION TO CREATION CAMPAIGN | $4,000 |
ALLIANCE FOR EDUCATION PURPOSE: RAIKES FOUNDATION EMPLOYEE CHARITABLE MATCH | $2,200 |
ALLIANCE FOR EDUCATION PURPOSE: PHILANTHROPIC PARTNERS FOR PUBLIC EDUCATION (PPPE) FUND VIII | $150,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: RAIKES FOUNDATION EMPLOYEE CHARITABLE MATCH | $120 |