Bernard & Audre Rapoport Foundation
- Assets
- $54.2m
- Revenue
- $984.5k
- Investments
- $53.5m
- Employees
- 0
- Location
- Waco, TX
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 74-2479712
Organization Overview
Bernard & Audre Rapoport Foundation is located in Waco, TX. The organization was established in 1989. 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. Bernard & Audre Rapoport 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, Bernard & Audre Rapoport Foundation generated $984.5k 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 (17.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bernard & Audre Rapoport Foundation has awarded 239 individual grants totaling $18,643,635. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS WERE MADE TO ORGANIZATIONS QUALIFYING UNDER IRC SEC. 501(C)(3) TO FURTHER THEIR PURPOSES OF EDUCATION AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ronald Rapoport Chairman, Trustee | 3.5 | $11,000 | |
Mrs Patricia Rapoport Trustee | 3.5 | $11,000 | |
Ambassador Lyndon Olson Jr Trustee | 3.5 | $11,000 | |
Mr William A Nesbitt Sec., Treas., Trustee | 3.5 | $11,000 | |
Dr Joel Schwartz Trustee | 3.5 | $11,000 | |
Dr James Chesney Trustee | 3.5 | $11,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,155,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$171,429 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $984,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,839 |
| Other employee salaries and wages | $156,496 |
| Pension plans, employee benefits | $28,924 |
| Interest | $0 |
| Taxes | $41,152 |
| Depreciation | $0 |
| Occupancy | $42,641 |
| Travel, conferences, and meetings | $27,112 |
| Printing and publications | $0 |
| Other expenses | $250,781 |
| Total operating and administrative expenses | $1,121,160 |
| Contributions, gifts, grants paid | $2,165,655 |
| Total expenses and disbursements | $3,286,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $630,107 |
| 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 | $11,554 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,504,578 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,548 |
| Total assets | $54,159,789 |
| Accounts payable and accrued expenses | $4,580 |
| Grants payable | $170,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,095,885 |
| Total liabilities | $18,270,465 |
Grants Awarded
Over the last fiscal year, Bernard & Audre Rapoport Foundation has awarded $2,270,655 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR YOUTH ORGANIZING (MOVE TEXAS) PURPOSE: SUPPORT MOVE TEXAS | $50,000 |
BAYLOR UNIVERSITY PURPOSE: SUPPORT FOR MIS-, DIS-, AND MAL-INFORMATION PROJECT | $47,853 |
CIRCLE AT TUFTS UNIVERSITY PURPOSE: SUPPORT FOR TEACHING FOR DEMOCRACY ALLIANCE | $34,160 |
COMMITTEE OF SEVENTY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
COLLEGE TO CONGRESS PURPOSE: SUPPORT FOR THE CONGRESSIONAL INTERNSHIP PROGRAM | $50,000 |
COMMUNITY DOULAS OF WACO PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |