Raskob Foundation For Catholic Activities Incorporated
- Assets
- $222.2m
- Revenue
- $26.8m
- Investments
- $213.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1947
- Data as of
- 12/2021
- 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 12/2021, Raskob Foundation For Catholic Activities Incorporated generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 4 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa G Robinson Executive Director | 35 | $140,964 | |
Lois W Greco Grant & Program Offi | 35 | $118,776 | |
Joanne Stewart Director Infomation | 35 | $118,766 | |
Janine L Sandbrook Grants Administrator | 35 | $89,532 | |
Jonathan K Goff Controller | 35 | $80,520 | |
Maureen P Horner Grants Associate | 35 | $77,193 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boston Common Asset Managementllc | 12/30/21 | $171,986 |
Luther King Capital Management | 12/30/21 | $194,485 |
Brinker Capital | 12/30/21 | $519,445 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,675 |
| Interest on Savings | $702 |
| Dividends & Interest | $7,300,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,343,943 |
| Capital Gain Net Income | $19,343,943 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173,844 |
| Total Revenue | $26,821,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,964 |
| Other employee salaries and wages | $660,601 |
| Pension plans, employee benefits | $87,633 |
| Interest | $18,223 |
| Taxes | $519,668 |
| Depreciation | $82,027 |
| Occupancy | $292,381 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $632,965 |
| Total operating and administrative expenses | $3,418,925 |
| Contributions, gifts, grants paid | $8,954,130 |
| Total expenses and disbursements | $12,373,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $7,182,146 |
| 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 | $28,047 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $49,780,662 |
| Net Land, buildings, and equipment | $1,414,889 |
| Other assets | $123,318 |
| Total assets | $222,202,600 |
| Accounts payable and accrued expenses | $24,140 |
| Grants payable | $3,142,400 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,616,747 |
| Total liabilities | $4,783,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raskob Foundation For Catholic Activities Incorporated Wilmington, DE | $222,202,600 | $26,821,611 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
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St Philip The Apostle Foundation Inc Ramsey, NJ | $42,234,590 | $3,367,781 |
Independent Catholic Foundation Altoona, PA | $35,931,954 | $2,096,997 |
National Centre For Padre Pio Inc Barto, PA | $8,205,280 | $2,448,870 |
Lodigiano Film Development Inc King Of Prussia, PA | $46,760,486 | $14,700,520 |
Mpower Development Corp Philadelphia, PA | $12,617,253 | $930,917 |
Contemplative Outreach Ltd West Milford, NJ | $1,620,522 | $765,225 |
Keep The Faith Inc Saddle River, NJ | $1,396,180 | $441,272 |