Rathmann Family Foundation
- Assets
- $33.3m
- Revenue
- $818.7k
- Investments
- $31.2m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 52-1757445
Organization Overview
Rathmann Family Foundation is located in Naples, FL. The organization was established in 1992. 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. Rathmann 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 12/2023, Rathmann Family Foundation generated $818.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (41.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rathmann Family Foundation has awarded 119 individual grants totaling $41,043,371. 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 |
|---|---|---|---|
Alexandra Rathmann-Noonan Director Chairperson | 1 | $0 | |
James Louis Rathmann Director President | 5 | $0 | |
Robin W Rathmann-Noonan Director Secretary | 1 | $0 | |
Andrew G Rathmann-Noonan Director Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $533,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $288,350 |
| Capital Gain Net Income | $288,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,841 |
| Total Revenue | $818,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,499 |
| Taxes | $10,383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,646 |
| Total operating and administrative expenses | $203,903 |
| Contributions, gifts, grants paid | $1,145,000 |
| Total expenses and disbursements | $1,348,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,512,215 |
| Savings and temporary cash investments | $344,998 |
| 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 | $3,390,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $183,560 |
| Total assets | $33,272,647 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,915,500 |
| 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 | $3,915,500 |
Grants Awarded
Over the last fiscal year, Rathmann Family Foundation has awarded $2,587,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN PARKS FOUNDATION OF AMERICA PURPOSE: GENERAL OPERATING ACTIVITIES | $175,000 |
ARTIS - NAPLES INC PURPOSE: GENERAL OPERATING ACTIVITIES | $25,000 |
BUZZARDS BAY COALITION INC PURPOSE: WESTPORT, MA | $75,000 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIP FUND/ANNUAL FUND | $33,500 |
BUZZARDS BAY COALITION INC PURPOSE: GOOSEBERRY CAUSEWAY | $500,000 |
CENTER FOR HEIRS PURPOSE: GENERAL OPERATING ACTIVITIES | $75,000 |