M E Raker Foundation Inc
- Assets
- $10.8m
- Revenue
- $108.2k
- Investments
- $10.5m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 09/1982
- Data as of
- 06/2023
- EIN
- 31-1040474
Organization Overview
M E Raker Foundation Inc is located in Fort Wayne, IN. The organization was established in 1982. 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. M E Raker Foundation Inc 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 06/2023, M E Raker Foundation Inc generated $108.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $671.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, M E Raker Foundation Inc has awarded 232 individual grants totaling $1,791,840. 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
THE FOUNDATION'S CHARITABLE ACTIVITIES CONSIST OF GRANT PROGRAMS. ACCORDINGLY, THE FOUNDATION HAS NOT ENGAGED IN THE PERFORMANCE OF DIRECT CHARITABLE ACTIVITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Williams President | 12 | $30,000 | |
Jennifer J Pickard Secretary | 20 | $30,000 | |
Emily Pichon Vice-President & Treasurer | 10 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,622 |
| Dividends & Interest | $297,506 |
| Net Rental Income | $19,000 |
| Net Gain on Sale of Assets | -$209,951 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,105 |
| Depreciation | $5,232 |
| Occupancy | $3,112 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,687 |
| Total operating and administrative expenses | $171,406 |
| Contributions, gifts, grants paid | $500,400 |
| Total expenses and disbursements | $671,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,841 |
| Savings and temporary cash investments | $262,599 |
| 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 | $3,372,755 |
| Net Land, buildings, and equipment | $21,160 |
| Other assets | $0 |
| Total assets | $10,827,941 |
| 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, M E Raker Foundation Inc has awarded $500,400 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
216 EAST WASHINGTON FOUNDATION PURPOSE: RENOVATIONS IN MASONIC TEMPLE | $2,000 |
AMANI FAMILY SERVICES PURPOSE: PROGRAM SUPPORT | $6,000 |
AMERICAN RED CROSS PURPOSE: HOME FIRE RELIEF | $5,000 |
ANTHONY WAYNE AREA COUNCIL BOY SCOUTS PURPOSE: SCOUTREACH COMMUNITY OUTREACH PROGRAM | $5,000 |
ASSOCIATED CHURCHES OF FORT WAYNE AND ALLEN COUNTY PURPOSE: FOODBANK PROGRAM | $10,000 |
BISHOP LUERS HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $10,000 |