Raquet Family Foundation
- Assets
- $2.2m
- Revenue
- $98.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 02/2009
- Data as of
- 12/2022
- 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 12/2022, Raquet Family Foundation generated $98.7k 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 (4.4%) each year. All expenses for the organization totaled $191.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.6%) 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 19 individual grants totaling $1,558,500. 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 |
|---|---|---|---|
Bonnie E Raquet President/director | 0 | $0 | |
Peter A Raquet Treasurer/director | 0 | $0 | |
Rebecca C Morrison Secretary/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 | $85,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,776 |
| Capital Gain Net Income | $5,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,979 |
| Total Revenue | $98,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,280 |
| Total operating and administrative expenses | $52,502 |
| Contributions, gifts, grants paid | $138,500 |
| Total expenses and disbursements | $191,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,873 |
| 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 | $2,239,825 |
| 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 $138,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WELLESLEY COLLEGE PURPOSE: SOCIAL JUSTICE INTERNSHIPS | $35,000 |
PATRIOT HIGH SCHOOL PURPOSE: CHARITABLE | $3,500 |
CLEVELAND STATE UNIVERSITY ENDOWMENT FUND PURPOSE: ENDOWMENT FUND | $100,000 |