Raymond C Rude Supporting Foundation
- Assets
- $9.7m
- Revenue
- $384.0k
- Investments
- $7.1m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 80-0676831
Organization Overview
Raymond C Rude Supporting Foundation is located in Reno, NV. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Raymond C Rude Supporting 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, Raymond C Rude Supporting Foundation generated $384.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $510.5k during the year ending 12/2022. While expenses have increased by 9.6% 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, Raymond C Rude Supporting Foundation has awarded 74 individual grants totaling $2,132,593. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR THE COMMUNITY FOUNDATION OF NORTHERN NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTS AND/OR SUPPORTS ACTIVITIES FOR THE BENEFIT OF, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF THE COMMUNITY FOUNDATION OF NORTHERN NEVADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Askintreasurer Cfnn President & CEO (thru Jan) | OfficerTrustee | 1 | $0 |
Thomas Gompf President | OfficerTrustee | 1 | $0 |
Steve Mcfarland Secretary | OfficerTrustee | 1 | $0 |
Janice Rude-Wilson Director | Trustee | 1 | $0 |
Gail Humphreys Director | Trustee | 1 | $0 |
Micki King Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $390,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $425,189 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,090 |
| Fees for services: Other | $49,534 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $510,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,603,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,131,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,734,937 |
| Accounts payable and accrued expenses | $4,068 |
| Grants payable | $28,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,068 |
| Net assets without donor restrictions | $2,571,369 |
| Net assets with donor restrictions | $7,131,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,734,937 |
Grants Awarded
Over the last fiscal year, Raymond C Rude Supporting Foundation has awarded $415,189 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES DIVING FOUNDATION INC PURPOSE: Operational support | $221,562 |
DIVE RVA PURPOSE: RVA Dive Team | $14,127 |
INTERNATIONAL SWIMMING HALL OF FAME PURPOSE: Operational support | $50,000 |
NEVADA DIVING CENTER PURPOSE: Championship level training/recruitment and operational support | $65,000 |
SIERRA NEVADA JOURNEYS PURPOSE: Outdoor Program Lemelson STEM | $10,000 |
UNR FOUNDATION PURPOSE: Head Diving Coach | $42,000 |