The Raintree Foundation
- Assets
- $7.2m
- Revenue
- $491.2k
- Investments
- $7.2m
- Employees
- 0
- Location
- Goleta, CA
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 77-0359291
Organization Overview
The Raintree Foundation is located in Goleta, CA. The organization was established in 1994. 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. Raintree 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, Raintree Foundation generated $491.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Raintree Foundation has awarded 345 individual grants totaling $14,776,681. 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 |
|---|---|---|---|
James A Frank President/cfo | 5 | $0 | |
Jessica Frank Vice President | 2 | $0 | |
Ellicott Million Secretary | 10 | $41,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $204 |
| Dividends & Interest | $90,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $400,897 |
| Capital Gain Net Income | $400,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43 |
| Total Revenue | $491,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,915 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,623 |
| Total operating and administrative expenses | $139,519 |
| Contributions, gifts, grants paid | $1,503,500 |
| Total expenses and disbursements | $1,643,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,089 |
| 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 | $2,122,101 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,234,097 |
| 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 | $564 |
| Total liabilities | $564 |
Grants Awarded
Over the last fiscal year, The Raintree Foundation has awarded $1,503,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA NARCOTIC OFFICERS' ASSOCIATION SURVIVORS MEMORIAL FUND PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE | $5,000 |
CALIFORNIA STATE PARKS FOUNDATION PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE | $25,000 |
CARE 4 PAWS PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE | $1,000 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE | $300,000 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: TCSAR/BRIDGER TETON AVALANCHE | $6,000 |
FOODBANK OF SANTA BARBARA COUNTY INC PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE | $5,000 |