Raquet Family Foundation
- Assets
- $2.3m
- Revenue
- $52.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3922014
Organization Overview
Raquet Family Foundation is located in Williamsburg, VA. The organization was established in 2009. 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. Raquet 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 12/2021, Raquet Family Foundation generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $89.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Raquet Family Foundation has awarded 16 individual grants totaling $1,100,000. 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 |
|---|---|---|---|
Peter A Raquet Treasurer/director | 0 | $0 | |
Rebecca C Morrison Secretary/director | 0 | $0 | |
Bonnie E Raquet President/director | 0 | $0 | |
Donald G Morrison Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,729 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,898 |
| Total Revenue | $52,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,845 |
| Total operating and administrative expenses | $54,853 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $89,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,746 |
| 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 | $2,332,124 |
| 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, Raquet Family Foundation has awarded $330,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: HIGH IMPACT LEARNING | $100,000 |
Cleveland, OH PURPOSE: HIGH IMPACT LEARNING | $100,000 |
Wellsley, MA PURPOSE: SOCIAL JUSTICE INTERNSHIPS | $30,000 |
Wellsley, MA PURPOSE: SOCIAL JUSTICE INTERNSHIPS | $30,000 |
CLEVE LOTH HIGH SCHOOL RAQUET MEMORIAL SCHOLARSHIP PURPOSE: SCHOLARSHIP | $25,000 |
CLEVE LOTH HIGH SCHOOL RAQUET MEMORIAL SCHOLARSHIP PURPOSE: SCHOLARSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |