Bill Raskob Foundation Inc
- Assets
- $7.1m
- Revenue
- $744.4k
- Investments
- $5.1m
- Employees
- 0
- Location
- Crownsville, MD
- Founding
- 05/1944
- Data as of
- 12/2021
- EIN
- 51-0110185
Organization Overview
Bill Raskob Foundation Inc is located in Crownsville, MD. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Bill Raskob Foundation Inc 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, Bill Raskob Foundation Inc generated $744.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $492.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST NEEDY AND DESERVING STUDENTS THROUGH NO INTEREST EDUCATIONAL LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Robinson Director | 5 | $0 | |
Theodore H Bremekamp III President | 5 | $0 | |
Trista Ussery Director | 5 | $0 | |
Thomas Geuting Director | 5 | $0 | |
Patrick Mcgrory Director | 5 | $0 | |
Timothy Raskob Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $56,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $687,990 |
| Capital Gain Net Income | $687,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $744,425 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,043 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,152 |
| Depreciation | $0 |
| Occupancy | $21,118 |
| Travel, conferences, and meetings | $461 |
| Printing and publications | $0 |
| Other expenses | $116,115 |
| Total operating and administrative expenses | $267,744 |
| Contributions, gifts, grants paid | $224,500 |
| Total expenses and disbursements | $492,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $426,452 |
| 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 | $1,575,491 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,583 |
| Total assets | $7,089,184 |
| 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 | $42,702 |
| Total liabilities | $42,702 |
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J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
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