Rachor Family Foundation Ltd
- Assets
- $4.2m
- Revenue
- $53.6k
- Investments
- $3.4m
- Employees
- 0
- Location
- Linden, MI
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 38-3264828
Organization Overview
Rachor Family Foundation Ltd is located in Linden, MI. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rachor Family Foundation Ltd 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, Rachor Family Foundation Ltd generated $53.6k 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 (42.1%) each year. All expenses for the organization totaled $534.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rachor Family Foundation Ltd has awarded 23 individual grants totaling $1,001,500. 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 |
|---|---|---|---|
Kathleen A Fox Ceo/president/director | 2 | $0 | |
Laurie P Torrey Vice-Pres./secretary/direc | 2 | $0 | |
Tod G Fisher Treasurer/director | 2 | $0 | |
James Michael Rachor DDS Director | 2 | $0 | |
Terese Marie Rachor-Beste DDS Director | 2 | $0 | |
Michael G Rachor Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $471 |
| Dividends & Interest | $32,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,249 |
| Capital Gain Net Income | $1,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,997 |
| Total Revenue | $53,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,903 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,860 |
| Total operating and administrative expenses | $76,139 |
| Contributions, gifts, grants paid | $458,500 |
| Total expenses and disbursements | $534,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $808,201 |
| 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 | $7,468 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $366,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,202,275 |
| 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, Rachor Family Foundation Ltd has awarded $458,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE HOLY FAMILY PURPOSE: SCHOLARSHIP | $2,000 |
MCLAREN FOUNDATION PURPOSE: SCHOLARSHIP | $45,000 |
NEW YORK HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT OF PUBLIC CHARITY | $7,000 |
UNIVERSITY OF MICHIGAN-FLINT PURPOSE: SCHOLARSHIP | $404,500 |