Rar Family Foundation
- Assets
- $8.9m
- Revenue
- $378.5k
- Investments
- $7.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 27-4347026
Organization Overview
Rar Family Foundation is located in Los Angeles, CA. The organization was established in 2011. 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. Rar 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 12/2023, Rar Family Foundation generated $378.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $750.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rar Family Foundation has awarded 152 individual grants totaling $6,748,909. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Romano President | 10 | $0 | |
Raymond Romano Vice President, Secretary | 5 | $0 | |
Gary Satin Director | 5 | $0 | |
Alexandra Romano Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $218,151 |
| Interest on Savings | $89,389 |
| Dividends & Interest | $180,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$112,287 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,909 |
| Total Revenue | $378,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,388 |
| Total operating and administrative expenses | $118,463 |
| Contributions, gifts, grants paid | $631,500 |
| Total expenses and disbursements | $749,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,100 |
| Savings and temporary cash investments | $1,794,855 |
| 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 | $8,926,541 |
| 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, Rar Family Foundation has awarded $631,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ASTORIAQUEENS SHARE-ING AND CARE-ING PURPOSE: GENERAL SUPPORT | $40,000 |
CAMPBELL HALL PURPOSE: GENERAL SUPPORT | $50,000 |
CONEJO FREE CLINIC PURPOSE: GENERAL SUPPORT | $35,000 |
CHILDREN'S HOSPITAL OF LOS ANGELES PURPOSE: GENERAL SUPPORT | $35,000 |
ELIZABETH HOUSE PURPOSE: GENERAL SUPPORT | $50,000 |
FRIENDS & HELPERS FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |