Rave Foundation
- Assets
- $574.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3932075
Organization Overview
Rave Foundation is located in Seattle, WA. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Rave Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rave 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 12/2021, Rave Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $647.0k during the year ending 12/2021. While expenses have increased by 29.5% per year over the past 7 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 2016, Rave Foundation has awarded 38 individual grants totaling $296,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAVE FOUNDATION CONTINUED TO BUILD SMALL SOCCER FIELDS FOR FREE PLAY INCLUDING SITE PLANNING AND FUND DEVELOPMENT, RESEARCHED FUTURE FIELD LOCATIONS AND CONTINUED PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCT AND BUILD 26 TENNIS COURT SIZED SOCCER FIELDS BY 2026 IN COMMUNITIES IN SEATTLE TO PROVIDE A PLACE FOR KIDS TO PLAY FREELY, BE PHYSICALLY ACTIVE AND SAFE, AND TO BE INCLUSIVE STAKEHOLDERS IN THEIR COMMUNITIES.
ONE BALL PROGRAM HAS THE GOAL OF PROVIDING 100,000 SOCCER BALLS TO KIDS IN NEED.
HOW CAN SOCCER HELP PROVIDING SUPPORT IN COMMUNITIES TO SUPPORT WHOLE, HEALTHY CHILDREN.
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 |
|---|---|---|---|
Ashley Fosberg Executive Director | Officer | 40 | $130,000 |
Fred Mendoza Chair | OfficerTrustee | 2 | $0 |
David Chen Treasurer | OfficerTrustee | 2 | $0 |
Maya Mendoza Exstrom Secretary | OfficerTrustee | 2 | $0 |
Zach Scott Member | Trustee | 1 | $0 |
Roger Levesque Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,573 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $961,354 |
| Noncash contributions included in lines 1a–1f | $38,847 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,112,927 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$63,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,049,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,733 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,750 |
| Compensation of current officers, directors, key employees. | $28,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,085 |
| Pension plan accruals and contributions | $3,916 |
| Other employee benefits | $3,840 |
| Payroll taxes | $15,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,209 |
| Advertising and promotion | $49,353 |
| Office expenses | $31,549 |
| Information technology | $24,566 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,791 |
| All other expenses | $0 |
| Total functional expenses | $647,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,075 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $574,075 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $574,075 |
Grants Awarded
Over the last fiscal year, Rave Foundation has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TACOMA PUBLIC SCHOOLS INDIAN EDUCATION PROGRAM PURPOSE: PROGRAM SUPPORT | $10,000 |
Seattle, WA PURPOSE: Program Support | $10,000 |
Seattle, WA PURPOSE: Program Support | $10,000 |
Tukwila, WA PURPOSE: Program Support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rave Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Kleeberger Family Foundation Wilmington, DE PURPOSE: FEDERAL WAY FIELDS AND ACTIVITIES | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bike Works Seattle Seattle, WA | $2,382,984 | $2,496,673 |
La Clippers Foundation Bellevue, WA | $1,269,800 | $3,468,997 |
Kitsap Tennis And Athletic Center Bremerton, WA | $1,011,335 | $966,802 |
Iron Dog Race Anchorage, AK | $171,552 | $865,550 |
Whittier Marina Condominium Association Inc Anchorage, AK | $1,336,898 | $592,121 |
Rave Foundation Seattle, WA | $574,075 | $1,049,128 |
Kenai River Sportfishing Association Inc Soldotna, AK | $4,804,569 | $446,757 |
International Drop-In Center Seattle, WA | $297,820 | $664,556 |
Girls On The Run Of Puget Sound Seattle, WA | $556,463 | $634,259 |
Disabled Sports Usa Bend, OR | $682,403 | $737,286 |
Whatcom Events Bellingham, WA | $171,139 | $467,467 |
Swell Events Washougal, WA | $134,026 | $356,415 |