Raleigh Foundation
- Assets
- $676.7k
- Revenue
- $48.6k
- Investments
- $643.5k
- Employees
- 0
- Location
- Lake Elmo, MN
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 20-1054002
Organization Overview
Raleigh Foundation is located in Lake Elmo, MN. The organization was established in 2004. 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. Raleigh 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, Raleigh Foundation generated $48.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $59.1k during the year ending 12/2022. While expenses have increased by 8.5% 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 2015, Raleigh Foundation has awarded 228 individual grants totaling $302,152. 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 |
|---|---|---|---|
Snowell N Raleigh Vice President/treasurer | 5 | $0 | |
Rebecca R Billingsley Director | 1 | $0 | |
Donald T Raleigh President/secretary | 5 | $0 | |
Daniel D Raleigh Director | 1 | $0 | |
Elizabeth R Landherr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $8,947 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,639 |
| Capital Gain Net Income | $39,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $9,638 |
| Contributions, gifts, grants paid | $49,500 |
| Total expenses and disbursements | $59,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,102 |
| Savings and temporary cash investments | $30,093 |
| 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 | $643,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $676,712 |
| 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, Raleigh Foundation has awarded $49,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Lake Elmo, MN PURPOSE: COVER EXPENSES AND PROGRAMS- STEWARDSHIP TO MAINTAIN FACILITY, FOOD SHELF & SUPPORT CHRIST'S MISSION THROUGH THIS CHURCH. | $6,000 |
Stillwater, MN PURPOSE: "FEED THE VALLEY" EVERYBODY NEEDS HELP AND AS LONG AS THERE IS A NEED VALLEY OUTREACH WILL BE THERE- FROM FOOD TO EMERGENCY FUNDS. | $5,000 |
GUARDIAN ANGELS PURPOSE: OPERATING BUDGET-WORSHIP, EDUCATION AND SERVICE TO COMMUNITY | $4,000 |
ST CROIX AREA UNITED WAY PURPOSE: PROVIDE FOOD AND SHELTER, INCREASE SELF-SUFFICIENCY; ASSIST OLDER ADULTS AND PEOPLE WITH DISABILITIES; RESOLVE PERSONAL AND FAMILY CRISES AND ENCOURAGE CHILD AND YOUTH DEVELOPMENT. | $3,000 |
STILLWATER AREA PUBLIC SCHOOLS PURPOSE: PROVIDE RESOURCES TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE DISTRICT'S STUDENTS AND MAINTAIN THE QUALITY OF STILLWATER PUBLIC SCHOOLS. | $2,500 |
LAKEVIEW HEALTH FOUNDATION PURPOSE: DEVELOP RESOURCES TO IDENTIFY AND SUPPORT INITIATIVES THAT ENABLE THE LAKEVIEW HEALTH SYSTEM TO FULFILL ITS MISSION - TO PROMOTE AND SPONSOR SUPERIOR HEALTH AND WELLNESS SERVICES. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |