Raffib Education Foundation
- Assets
- $188.5k
- Revenue
- $106.8k
- Investments
- $90.8k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/2017
- Data as of
- 04/2024
- EIN
- 82-1693140
Organization Overview
Raffib Education Foundation is located in Colorado Springs, CO. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raffib Education 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 04/2024, Raffib Education Foundation generated $106.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $149.8k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Biffar President/ceo | 3 | $0 | |
Joyce S Biffar Secretary/cfo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,327 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,084 |
| Capital Gain Net Income | $6,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,305 |
| Total operating and administrative expenses | $4,250 |
| Contributions, gifts, grants paid | $145,579 |
| Total expenses and disbursements | $149,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,691 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $188,484 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Raffib Education Foundation has awarded $145,579 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BELLUS ACADEMY PURPOSE: CHARITABLE SUPPORT | $135,769 |
CAL POLY POMONA PURPOSE: CHARITABLE SUPPORT | $9,810 |