Norman Raab Foundation
- Assets
- $25.1m
- Revenue
- $862.3k
- Investments
- $24.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/1968
- Data as of
- 09/2023
- EIN
- 23-7006390
Organization Overview
Norman Raab Foundation is located in Seattle, WA. The organization was established in 1968. 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. Norman Raab 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 09/2023, Norman Raab Foundation generated $862.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.5m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Norman Raab Foundation has awarded 403 individual grants totaling $4,854,580. 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 |
|---|---|---|---|
Stephen Bleyer Trustee | 2 | $2,500 | |
Marie Brickley-Raab Trustee | 2 | $2,500 | |
Emily Lowmon Trustee | 2 | $2,000 | |
John Mcinerny Trustee | 2 | $2,500 | |
Ann Raab Trustee | 2 | $2,500 | |
Isabel Raab Trustee | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $425,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $415,724 |
| Capital Gain Net Income | $415,724 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,742 |
| Total Revenue | $862,259 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,277 |
| Interest | $0 |
| Taxes | $21,975 |
| Depreciation | $0 |
| Occupancy | $20,734 |
| Travel, conferences, and meetings | $29,959 |
| Printing and publications | $0 |
| Other expenses | $32,822 |
| Total operating and administrative expenses | $416,525 |
| Contributions, gifts, grants paid | $1,078,550 |
| Total expenses and disbursements | $1,495,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,333 |
| Savings and temporary cash investments | $120,588 |
| 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 | $25,092,724 |
| Accounts payable and accrued expenses | $6,664 |
| 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 | $6,664 |
Grants Awarded
Over the last fiscal year, Norman Raab Foundation has awarded $1,318,550 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL BUCKS AMBULANCE AND RESCUE UNIT PURPOSE: HUMAN SERVICES | $10,000 |
CAMPING UNLIMITED FOR THE DEVELOPMENTALLY DISABLED PURPOSE: HUMAN SERVICES | $30,000 |
EXTRAFOODORG PURPOSE: HUMAN SERVICES | $35,000 |
JOHNS HOPKINS UNIVERSITY - WILMER EYE INSTITUTE PURPOSE: HEALTH AND RESEARCH | $45,000 |
JOHNS HOPKINS UNIVERSITY - WILMER EYE INSTITUTE PURPOSE: HEALTH AND RESEARCH | $45,000 |
MAGEE REHAB HOSPITAL FOUNDATION PURPOSE: HEALTH AND RESEARCH | $50,000 |