Raskob Foundation For Catholic Activities Incorporated
- Assets
- $195.5m
- Revenue
- $6.6m
- Investments
- $188.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1947
- Data as of
- 12/2023
- EIN
- 51-0070060
Organization Overview
Raskob Foundation For Catholic Activities Incorporated is located in Wilmington, DE. The organization was established in 1947. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raskob Foundation For Catholic Activities Incorporated 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 12/2023, Raskob Foundation For Catholic Activities Incorporated generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Raskob Foundation For Catholic Activities Incorporated has awarded 903 individual grants totaling $21,303,992. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa G Robinson Executive Director | 35 | $152,149 | |
Patrick W Mcgrory Chairperson & Trustee | 10 | $0 | |
Noelle M Robinson President & Trustee | 10 | $0 | |
Theodore H Bremekamp III Vice President & Trustee | 5 | $0 | |
Gregory B Brown Treasurer & Trustee | 5 | $0 | |
Trista B Ussery Secretary & Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brinker Capital | 12/30/23 | $481,319 |
Luther King Capital Management | 12/30/23 | $157,020 |
Boston Common Asset Managementllc | 12/30/23 | $139,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $185,756 |
| Dividends & Interest | $4,274,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,009,743 |
| Capital Gain Net Income | $2,009,743 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106,767 |
| Total Revenue | $6,576,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $152,149 |
| Other employee salaries and wages | $644,090 |
| Pension plans, employee benefits | $99,356 |
| Interest | $23,623 |
| Taxes | $425,417 |
| Depreciation | $169,042 |
| Occupancy | $254,108 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,179,340 |
| Total operating and administrative expenses | $3,863,475 |
| Contributions, gifts, grants paid | $6,077,316 |
| Total expenses and disbursements | $9,940,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $5,302,689 |
| 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 | $41,492 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,003,401 |
| Net Land, buildings, and equipment | $1,374,419 |
| Other assets | $419,497 |
| Total assets | $195,461,097 |
| Accounts payable and accrued expenses | $72,687 |
| Grants payable | $2,633,270 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,322,322 |
| Total liabilities | $4,028,279 |
Grants Awarded
Over the last fiscal year, Raskob Foundation For Catholic Activities Incorporated has awarded $9,523,404 in support to 443 organizations.
| Grant Recipient | Amount |
|---|---|
APOSTLE IMMIGRANT SERVICES INC PURPOSE: TOWARD EXPENSES TO PROVIDE LEGAL REPRESENTATION TO YOUTH AND UNDOCUMENTED IMMIGRANT VICTIMS OF VIOLENT CRIME, ABUSE, NEGLECT OR ABANDONMENT. | $25,000 |
ARCHDIOCESE OF WASHINGTON PURPOSE: TOWARD THE COMMUNITY FOOD SECURITY PROGRAM, TO SUPPORT THE EXTRAORDINARY NEED OF COMMUNITY MEMBERS IMPACTED BY THE LASTING ECONOMIC EFFECTS OF THE PANDEMIC. | $10,000 |
BEATITUDE HOUSE PURPOSE: TOWARD GENERAL OPERATING EXPENSES OF THE TRANSITIONAL HOUSING PROGRAM FOR HOMELESS WOMEN AND THEIR CHILDREN. | $10,000 |
CAROLINE HOUSE INC PURPOSE: TOWARD EXPENSES OF THE MOTHER AND CHILD LITERACY PROGRAM, TO EDUCATE IMMIGRANT WOMEN AND THEIR CHILDREN THROUGH MOMMY AND ME CLASSES, BASIC COMPUTER AND LIFE SKILLS. | $15,000 |
CASA CORNELIA LEGAL SERVICES (SOCIETY OF THE HOLY CHILD JESUS) PURPOSE: TOWARD EXPENSES OF THE CHILDREN'S PROGRAM, TO MEET THE CRITICAL LEGAL NEEDS OF INDIGENT IMMIGRANT CHILDREN, BOTH DETAINED AND NON-DETAINED. | $50,000 |
CAROLINE FRIESS CENTER INC PURPOSE: FOR GENERAL OPERATING EXPENSES TO PROVIDE DISADVANTAGED UNDER/UNEMPLOYED WOMEN QUALITY EDUCATION AND TRAINING FOR ENTRY INTO THE HEALTHCARE INDUSTRY. | $25,000 |