Raikes Foundation
- Assets
- $117.2m
- Revenue
- $16.4m
- Investments
- $113.6m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/2002
- Data as of
- 12/2021
- 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 12/2021, Raikes Foundation generated $16.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $28.5m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 6 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 1,636 individual grants totaling $126,384,161. 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
2021
Describe the Organization's Program Activity:
GIVING COMPASS: TO SUPPORT WWW.GIVINGCOMPASS.ORG, AN ONLINE PLATFORM USED TO EDUCATE AND CONNECT DONORS TO IMPACT-DRIVEN PHILANTHROPY.
EDUCATION: TO DEVELOP CAPACITY FOR THE SYSTEMS CHANGE WORK NECESSARY TO BUILD EQUITABLE SCHOOLS AND EDUCATIONAL SYSTEMS ACROSS THE COUNTRY.
IMPACT-DRIVEN PHILANTHROPY: TO SUPPORT COLLABORATION AND BUILD CAPACITY TO INFLUENCE DONORS TO GIVE WITH IMPACT.
YOUTH AND YOUNG ADULT HOMELESSNESS: TO DEVELOP CAPACITY FOR THE SYSTEMS CHANGE WORK NECESSARY TO PREVENT AND END YOUTH HOMELESSNESS IN WASHINGTON STATE AND AT THE NATIONAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Quirin Executive Director | 40 | $279,585 | |
Jina Heverley Ceo-Giving Compass | 40 | $242,156 | |
Zoe Stemm-Calderon Director-Education | 40 | $233,105 | |
Casey Trupin Director, Youth Home | 40 | $214,751 | |
Stephanie Gillis Director, Impact-Dri | 40 | $213,751 | |
Matthew Sorensen VP E&p-Giving Compas | 40 | $211,956 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Education Counsel | 12/30/21 | $950,000 |
The Bridgespan Group Inc | 12/30/21 | $454,100 |
Skd Knickerbocker Llc | 12/30/21 | $418,000 |
Rally | 12/30/21 | $411,737 |
Shapiro Capital Management Llc | 12/30/21 | $237,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $108,000 |
| Interest on Savings | $570 |
| Dividends & Interest | $1,808,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,430,239 |
| Capital Gain Net Income | $12,706,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,013,077 |
| Total Revenue | $16,360,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $604,794 |
| Other employee salaries and wages | $3,794,951 |
| Pension plans, employee benefits | $890,999 |
| Interest | $0 |
| Taxes | $551,597 |
| Depreciation | $0 |
| Occupancy | $147,644 |
| Travel, conferences, and meetings | $53,441 |
| Printing and publications | $47 |
| Other expenses | $390,937 |
| Total operating and administrative expenses | $10,409,296 |
| Contributions, gifts, grants paid | $18,097,998 |
| Total expenses and disbursements | $28,507,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,880 |
| Savings and temporary cash investments | $3,216,815 |
| Net Accounts receivable | $11,025 |
| 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 | $30,796 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,055,874 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,368 |
| Total assets | $117,221,519 |
| Accounts payable and accrued expenses | $50,838 |
| Grants payable | $9,818,733 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,596 |
| Total liabilities | $9,873,167 |
Grants Awarded
Over the last fiscal year, Raikes Foundation has awarded $24,204,551 in support to 283 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GRANTMAKERS FOR THRIVING YOUTH POLICY WORKING GROUP COLLABORATIVE (2021-2022), RESOURCE EQUITY FUNDERS COLLABORATIVE (2021-2022), FUNDERS FOR ADOLESCENT SCIENCE TRANSLATION (FAST) COLLABORATIVE (2021-2022) | $2,250,000 |
Seattle, WA PURPOSE: RESOURCE EQUITY FUNDERS COLLABORATIVE (2021-2022) | $1,150,000 |
Seattle, WA PURPOSE: GRANTMAKERS FOR THRIVING YOUTH POLICY WORKING GROUP COLLABORATIVE (2021-2022) | $800,000 |
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: STUDENT EXPERIENCE PROJECT: COLLEGE TRANSITION COLLABORATIVE DESIGN, IMPLEMENTATION, RESEARCH & TOOL DEVELOPMENT | $682,665 |
Washington, DC PURPOSE: STUDENT EXPERIENCE PROJECT: DESIGN, IMPLEMENTATION, RESEARCH & TOOL DEVELOPMENT | $617,000 |
Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT (2022-2024) | $600,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Raikes Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: GLOBAL HEALTH AND DEVELOPMENT PUBLIC AWARENESS AND ANALYSIS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
M J Murdock Charitable Trust Vancouver, WA | $0 | $110,710,877 |
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |