Rao Family Foundation
- Assets
- $286.3k
- Revenue
- -$4.9k
- Investments
- $275.0k
- Employees
- 0
- Location
- Hinckley, OH
- Founding
- 02/2009
- Data as of
- 10/2022
- EIN
- 26-3829237
Organization Overview
Rao Family Foundation is located in Hinckley, OH. The organization was established in 2009. 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. Rao 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.
Since 2015, Rao Family Foundation has awarded 59 individual grants totaling $108,645. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FICA CULTURAL GARDEN
SOUTHWEST COMMUNITY HEALTH FOUNDATION
SREE VENKATESWARA TEMPLE
AMERICAN SPORTS MEDICINE FOUNDATION
S W COMMUNITY FOUNDATION
AIPNO
STUDIO IN SCHOOL
STUDIO IN SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L C Rao President | 1 | $0 | |
Jean Rao Vice Preside | 0 | $0 | |
L C Rao President | 1 | $0 | |
Jean Rao Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59 |
| Dividends & Interest | $6,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,258 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $81 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $2,703 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $19,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65 |
| Savings and temporary cash investments | $11,217 |
| 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 | $286,331 |
| 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, Rao Family Foundation has awarded $17,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWEST COMMUNITY PURPOSE: MEDICAL | $14,500 |
AMERICAN SPORTS MEDICINE PURPOSE: MEDICAL | $1,000 |
AIPNO-HUMANITARIAN CRISIS PURPOSE: MEDICAL | $500 |
HOMELESS HOOK UP PURPOSE: SUPPORT | $500 |
STUDIO IN SCHOOL PURPOSE: EDUCATION | $500 |