Rainforth Foundation Inc
- Assets
- $2.0m
- Revenue
- $229.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Underwood, WA
- Founding
- 03/1984
- Data as of
- 12/2022
- EIN
- 59-2373813
Organization Overview
Rainforth Foundation Inc is located in Underwood, WA. The organization was established in 1984. 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. Rainforth 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 12/2022, Rainforth Foundation Inc generated $229.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $95.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rainforth Foundation Inc has awarded 21 individual grants totaling $308,977. 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 |
|---|---|---|---|
Wirt Maxey VP / Sec | 4 | $12,000 | |
Rebecca Maxey P | 4 | $12,000 | |
Lauren Elizabeth Maxey VP | 4 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,477 |
| Capital Gain Net Income | $49,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $45,068 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $95,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,252 |
| 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 | $11,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,966,899 |
| Accounts payable and accrued expenses | $74 |
| 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 | $74 |
Grants Awarded
Over the last fiscal year, Rainforth Foundation Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GRANT | $10,000 |
DOWNTOWN EMERGENCY SERVICE CENTER PURPOSE: GRANT | $20,000 |
HOOD RIVER SCHOOL DISTRICT PURPOSE: GRANT | $5,000 |
FRIENDS OF COLUMBIA RIVER GORGE PURPOSE: GRANT | $15,000 |