Rapidan Foundation
- Assets
- $1.5m
- Revenue
- $172.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1997
- Data as of
- 06/2023
- EIN
- 52-1998317
Organization Overview
Rapidan Foundation is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rapidan 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 06/2023, Rapidan Foundation generated $172.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $255.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rapidan Foundation has awarded 73 individual grants totaling $913,150. 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
SAN MIGUEL - CASA, INC
NUTURING MINDS, INC.
T.E.A.C.H.
PROSPERA COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Epstein Secretary | 0.25 | $0 | |
Susan M George MD Chairperson | 0.25 | $0 | |
Joseph P Junkin Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $174,550 |
| Interest on Savings | $10,606 |
| Dividends & Interest | $25,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,478 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,787 |
| Total Revenue | $172,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142,286 |
| Total operating and administrative expenses | $149,023 |
| Contributions, gifts, grants paid | $106,000 |
| Total expenses and disbursements | $255,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,623 |
| Savings and temporary cash investments | $0 |
| 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 | $1,465,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,474,123 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rapidan Foundation has awarded $106,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NURTURING MINDS INC PURPOSE: EDUCATION | $15,000 |
PROSPERA COMMUNITY DEVELOPMENT PURPOSE: LATINA ENTREPRENEURSHIP | $15,000 |
PONHEARY LY FOUNDATION PURPOSE: EDUCATION | $14,000 |
GREEN MOUNTAIN CAMP FOR GIRLS PURPOSE: WOMENS LEADERSHIP | $12,000 |
SAN MIGUEL - CASA INC PURPOSE: WOMENS HEALTH | $15,000 |
TEACH PURPOSE: WOMENS HEALTH | $15,000 |