Rallis Foundation
- Assets
- $390.7k
- Revenue
- $190.8k
- Investments
- $276.2k
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/1994
- Data as of
- 11/2023
- EIN
- 33-0590516
Organization Overview
Rallis Foundation is located in Newport Beach, CA. The organization was established in 1994. 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. Rallis 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 11/2023, Rallis Foundation generated $190.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $544.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rallis Foundation has awarded 118 individual grants totaling $3,290,475. 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 ONLY ACTIVITY OF THE RALLIS FOUNDATION IS TO MAKE GRANTS TO OTHER ORGANIZATIONS THAT ARE EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rallis President/director | 1 | $0 | |
Mary Lynn Bergman-Rallis Vp/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,133 |
| Dividends & Interest | $12,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,241 |
| Capital Gain Net Income | $170,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $584 |
| Total Revenue | $190,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79 |
| Total operating and administrative expenses | $10,394 |
| Contributions, gifts, grants paid | $534,000 |
| Total expenses and disbursements | $544,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,444 |
| Savings and temporary cash investments | $4,020 |
| 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 | $34,696 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $390,659 |
| 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, Rallis Foundation has awarded $534,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BALLET THEATRE PURPOSE: GENERAL CONTRIBUTION | $50,000 |
ANGELITOS DE ORO PURPOSE: GENERAL CONTRIBUTION | $20,000 |
CHOC CHILDREN'S FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $25,000 |
COAST GUARD FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $20,000 |
HOAG FAMILY CANCER INSTITUTE PURPOSE: GENRAL CONTRIBUTION | $100,000 |
NEWPORT BEACH PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $10,000 |