Rainis Family Foundation
- Assets
- $133.4k
- Revenue
- $11.7k
- Investments
- $97.6k
- Employees
- 0
- Location
- Palm City, FL
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 13-3941787
Organization Overview
Rainis Family Foundation is located in Palm City, FL. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainis Family 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, Rainis Family Foundation generated $11.7k 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 (22.2%) each year. All expenses for the organization totaled $37.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rainis Family Foundation has awarded 260 individual grants totaling $848,775. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene C Rainis Chair/pres | 0.5 | $0 | |
Ellen Rainis Peters Vice Pres | 0.5 | $0 | |
Mark E Rainis Secretary | 0.5 | $0 | |
David G Rainis Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,048 |
| Capital Gain Net Income | $9,048 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,357 |
| Contributions, gifts, grants paid | $36,250 |
| Total expenses and disbursements | $37,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,762 |
| 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 | $133,355 |
| 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, Rainis Family Foundation has awarded $36,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE LUTHERAN CHURCH PURPOSE: FINANCIAL OPERATING ASSISTANCE | $5,000 |
FORDHAM UNIVERSITY PURPOSE: FINANCIAL OPERATING ASSISTANCE | $5,000 |
XAVIER HIGH SCHOOL PURPOSE: FINANCIAL OPERATING ASSISTANCE | $5,000 |
CRISTO REY PURPOSE: FINANCIAL OPERATING ASSISTANCE | $5,000 |
DIOCESE OF PALM BEACH FL PURPOSE: FINANCIAL OPERATING ASSISTANCE | $2,500 |
ST ELIZABETH UNIVERSITY PURPOSE: FINANCIAL OPERATING ASSISTANCE | $5,000 |