Raise A Glass Foundation Inc
- Assets
- $40.7k
- Revenue
- $336.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Webster, NY
- Founding
- 01/2018
- Data as of
- 06/2022
- EIN
- 81-2805886
Organization Overview
Raise A Glass Foundation Inc is located in Webster, NY. The organization was established in 2018. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raise A Glass 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 06/2022, Raise A Glass Foundation Inc generated $336.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $380.7k during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTING AND DONATING TO DESERVING CHARITIES A VALUABLE ASSET - THOUSANDS OF AWARD-WINNING BOTTLES OF WINE, BEER AND SPIRITS - WHICH THEY USE IN THEIR FUNDRAIDING GALAS, DINNERS, AUCTIONS AND OTHER EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTING AND DONATING TO DESERVING CHARITIES A VALUABLE ASSET - THOUSANDS OF AWARD-WINNING BOTTLES OF WINE, BEER AND SPIRITS - WHICH THEY USE IN THEIR FUNDRAISING GALAS, DINNERS, AUCTIONS AND OTHER EVENTS.
TO PROMOTE THE ORGANIZATION AND TO INCENTIVIZE PARTICIPATION IN THE DONATIONS FROM WINERIES, BREWERIES, AND DISTILLERIES, CONDUCT COMPETITION AMONG PARTICIPATING DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Parts President | OfficerTrustee | 1 | $0 |
Christine Van Zile Stabins Secretary | OfficerTrustee | 1 | $0 |
Ronald Dougherty Treasurer/ Exec Dir. | OfficerTrustee | 1 | $0 |
David Cooper Director | Trustee | 1 | $0 |
Scott Pizzo Director | Trustee | 1 | $0 |
John Cordiero 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 | $54,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,685 |
| Total Program Service Revenue | $281,972 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $336,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,798 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,913 |
| Travel | $14,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,657 |
| Interest | $469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,733 |
| Insurance | $1,584 |
| All other expenses | $16,830 |
| Total functional expenses | $380,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,920 |
| Savings and temporary cash investments | $0 |
| 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 | $1,980 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,535 |
| Total assets | $40,667 |
| Accounts payable and accrued expenses | $347 |
| Grants payable | $0 |
| 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 | $10,469 |
| Total liabilities | $10,816 |
| Net assets without donor restrictions | $29,851 |
| Net assets with donor restrictions | $0 |
| 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 | $40,667 |
Grants Awarded
Over the last fiscal year, Raise A Glass Foundation Inc has awarded $125,450 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY SUNSHINE CAMPUS PURPOSE: Program Supporting | $110,390 |
Rochester, NY PURPOSE: Program Supporting | $15,060 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Raise A Glass Foundation Inc has recieved totaling $199.
| Awarding Organization | Amount |
|---|---|
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pershing Square Foundation New York, NY | $346,223,156 | $346,633,563 |
Venture Michigan Fund New York, NY | $423,885,343 | $78,875,591 |
Community Loan Fund Of New Jersey New Brunswick, NJ | $216,841,059 | $22,047,293 |
Resolution Project Inc New York, NY | $959,499 | $1,878,975 |
Masonic Education And Charity Trust Boston, MA | $82,618,373 | $2,222,498 |
One Hundred Black Men New York, NY | $1,621,629 | $1,558,078 |
Transgender Emergency Fund Of Massachusetts Dorchester, MA | $108,792 | $726,756 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
Arden Local Development Corporation Middletown, NY | $5,083,817 | $416,959 |
Blueprint Org Inc New York, NY | $0 | $540,000 |
Management Information Exchange Boston, MA | $1,180,476 | $575,527 |
Raise A Glass Foundation Inc Webster, NY | $40,667 | $336,657 |