Kathleen L And Michael J Rainen Family Foundation
- Assets
- $5.3m
- Revenue
- $2.2m
- Investments
- $3.2m
- Employees
- 0
- Location
- Prairie Village, KS
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 43-6805204
Organization Overview
Kathleen L And Michael J Rainen Family Foundation is located in Prairie Village, KS. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Kathleen L And Michael J Rainen 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, Kathleen L And Michael J Rainen Family Foundation generated $2.2m in total revenue. All expenses for the organization totaled $242.7k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kathleen L And Michael J Rainen Family Foundation has awarded 153 individual grants totaling $984,781. 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 |
|---|---|---|---|
Michael J Rainen Trustee | 0 | $0 | |
Kathleen L Rainen Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,140,221 |
| Capital Gain Net Income | $2,140,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,221,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,210 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,764 |
| Contributions, gifts, grants paid | $212,930 |
| Total expenses and disbursements | $242,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,916 |
| Savings and temporary cash investments | $1,894,437 |
| 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 | $3,166,906 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,250,259 |
| 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, Kathleen L And Michael J Rainen Family Foundation has awarded $212,930 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CATS' CUPBOARD PURPOSE: CHARITABLE | $10,000 |
BOY SCOUTS OF AMERICA HEART OF AMERICA COUNCIL PURPOSE: CHARITABLE | $8,000 |
COMPASSION & CHOICES PURPOSE: CHARITABLE | $1,000 |
CROHN'S & COLITIS FOUNDATION INC PURPOSE: CHARITABLE | $1,500 |
FRATERNAL ORDER OF POLICE (FOP LODGE 99) PURPOSE: CHARITABLE | $1,000 |
GORLIN SYNDROME ALLIANCE PURPOSE: CHARITABLE | $128,880 |