Bruce Z & Phyllis J Raines Family Foundation
- Assets
- $799.4k
- Revenue
- $74.0k
- Investments
- $593.2k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 73-1580265
Organization Overview
Bruce Z & Phyllis J Raines Family Foundation is located in Tulsa, OK. The organization was established in 2000. 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. Bruce Z & Phyllis J Raines 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 12/2022, Bruce Z & Phyllis J Raines Family Foundation generated $74.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $68.7k during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 8 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.
Since 2015, Bruce Z & Phyllis J Raines Family Foundation has awarded 72 individual grants totaling $262,450. 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 |
|---|---|---|---|
Phyllis J Raines Executive Dir. | 0.5 | $0 | |
Michael Alan Raines Trustee | 0.5 | $0 | |
Bryan Kelly Raines Trustee | 0.5 | $0 | |
June Camille Raines Trustee | 0.5 | $0 | |
Richard Michael Ruch Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,624 |
| Interest on Savings | $2 |
| Dividends & Interest | $17,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,936 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97 |
| Total Revenue | $73,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,675 |
| Total operating and administrative expenses | $31,681 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $68,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,506 |
| 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 | $176,700 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $799,442 |
| 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, Bruce Z & Phyllis J Raines Family Foundation has awarded $37,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ILEAP PURPOSE: PUBLIC SUPPORT | $8,500 |
CLAREHOUSE PURPOSE: PUBLIC SUPPORT | $5,000 |
FRIENDS OF WISTER LIBRARY PURPOSE: PUBLIC SUPPORT | $8,500 |
IRON GATE PURPOSE: PUBLIC SUPPORT | $5,000 |
SERVICE DOG PROJECT PURPOSE: PUBLIC SUPPORT | $2,000 |
MEALS ON WHEELS PURPOSE: PUCLIC SUPPORT | $3,000 |