Rachael Ray Foundation
- Assets
- $7.6m
- Revenue
- $13.6m
- Investments
- $1.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 81-3236729
Organization Overview
Rachael Ray Foundation is located in New York, NY. The organization was established in 2017. 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. Rachael Ray 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 12/2021, Rachael Ray Foundation generated $13.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 7.3% 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.
Since 2017, Rachael Ray Foundation has awarded 379 individual grants totaling $55,129,838. 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 |
|---|---|---|---|
John Cusimano Vice President / Secretary | 5 | $0 | |
Mark Smucker Governing Member | 5 | $0 | |
Judith Keane Treasurer | 10 | $0 | |
Richard Fields Governing Member | 5 | $0 | |
John Hall Vice President | 5 | $0 | |
Rachael Ray President | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Door Marketing Group Llc | 12/30/21 | $120,000 |
Watch Entertainment Inc | 12/30/21 | $487,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,587,191 |
| Total Revenue | $13,587,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $179,806 |
| Pension plans, employee benefits | $28,615 |
| Interest | $0 |
| Taxes | $206,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,219 |
| Total operating and administrative expenses | $1,070,125 |
| Contributions, gifts, grants paid | $10,150,000 |
| Total expenses and disbursements | $11,220,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,201,637 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,369,552 |
| 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 | $6,619 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,577,809 |
| Accounts payable and accrued expenses | $300,104 |
| 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 | $300,104 |
Grants Awarded
Over the last fiscal year, Rachael Ray Foundation has awarded $10,225,000 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
Port Washington, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $1,900,000 |
Kanab, UT PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $1,040,000 |
ASPCA PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $500,000 |
Chicago, IL PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $300,000 |
FOODCORPS INC PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $275,000 |
Santa Paula, CA PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $275,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |