Raiz Foundation Inc
- Assets
- $33.4k
- Revenue
- $539.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 82-4896299
Organization Overview
Raiz Foundation Inc is located in Providence, RI. The organization was established in 2019. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raiz 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 12/2021, Raiz Foundation Inc generated $539.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $508.8k during the year ending 12/2021. While expenses have increased by 14.8% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAIZ IS A US BASED NON-PROFIT ENTITY CREATED TO SUPPORT WORK IN LATIN AMERICA ASSOCIATED WITH PROVIDING COST-EFFECTIVE, PRACTICAL APPROACHES TO ALLEVIATE HUMANITARIAN CRISES CAUSED BY NATURAL DISASTERS; SUPPORTING INDIGENOUS PEOPLES SEEKING TO PROTECT AND RECLAIM ANCESTRAL TERRITORIES; PROVIDING INDIGENOUS COMMUNITIES WITH EDUCATION RESPECTFUL OF NATIVE CULTURE; SUPPORTING CONSERVATION AND SUSTAINABLE USE OF FRAGILE ECOSYSTEMS; REDUCING POVERTY IN MARGINALIZED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COST-EFFECTIVE, PRACTICAL APPROACHES TO ALLEVIATE HUMANITARIAN CRISES CAUSED BY NATURAL DISASTERS;SUPPORTING INDIGENOUS PEOPLES SEEKING TO PROTECT AND RECLAIM ANCESTRAL TERRITORIES;PROVIDING INDIGENOUS COMMUNITIES WITH EDUCATION RESPECTFUL OF NATIVE CULTURE;SUPPORTING CONSERVATION AND SUSTAINABLE USE OF FRAGILE ECOSYSTEMS;REDUCING POVERTY IN MARGINALIZED COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Paul Sorensen Treasurer | OfficerTrustee | 2 | $0 |
Manuel Pallares President | OfficerTrustee | 2 | $0 |
Clara Matucchi Chair | Trustee | 2 | $0 |
Hugo Lucitante Board Member | Trustee | 2 | $0 |
Maria Pereira Torres Board Member | Trustee | 2 | $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 | $539,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,847 |
| Total Program Service Revenue | $0 |
| 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 | $539,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $502,700 |
| 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 | $6,105 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $508,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,418 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,418 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $33,418 |
| Total liabilities and net assets/fund balances | $33,418 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Raiz Foundation Inc has recieved totaling $238,615.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $211,700 |
Russian Jewish Community Foundation Auburndale, MA PURPOSE: GENERAL SUPPORT | $20,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Audubon Society Inc Lincoln, MA | $290,978,469 | $38,308,793 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
Audubon Society Of Rhode Island Smithfield, RI | $39,462,013 | $5,117,165 |
Sheriffs Meadow Foundation Vineyard Haven, MA | $93,586,445 | $3,402,421 |
Greenroots Inc Chelsea, MA | $3,100,624 | $2,261,048 |
Cape Cod Commericial Fishermens Alliance Inc Chatham, MA | $8,901,410 | $1,947,508 |
Better Future Project Inc Cambridge, MA | $788,449 | $909,493 |
Greengoat Somerville, MA | $1,058,460 | $1,647,055 |
Duxbury Beach Reservation Inc Duxbury, MA | $6,397,815 | $2,315,887 |
Orion Society Great Barrington, MA | $453,887 | $1,582,107 |