Raftas Foundation
- Assets
- $375.8k
- Revenue
- $153.4k
- Investments
- $353.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2018
- Data as of
- 06/2023
- EIN
- 82-6790429
Organization Overview
Raftas Foundation is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Raftas 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 06/2023, Raftas Foundation generated $153.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $74.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Raftas Foundation has awarded 29 individual grants totaling $136,370. 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 |
|---|---|---|---|
Marcia Lavipour Trustee | 0 | $0 | |
David Lavipour Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $141,736 |
| Interest on Savings | $46 |
| Dividends & Interest | $5,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,108 |
| Capital Gain Net Income | $6,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $42 |
| Taxes | $373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $415 |
| Contributions, gifts, grants paid | $74,249 |
| Total expenses and disbursements | $74,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,569 |
| 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 | $375,779 |
| 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, Raftas Foundation has awarded $121,760 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
NYU PURPOSE: EDUCATIONAL ASSISTANCE | $100 |
ALZHEIMERS DISEASE RESEARCH PURPOSE: EDUCATIONAL ASSISTANCE | $100 |
INSTITUTION FOR JEWISH IDEALS PURPOSE: EDUCATIONAL ASSISTANCE | $1,000 |
AMERICAN THEOLOGICAL INST PURPOSE: EDUCATIONAL ASSISTANCE | $100,000 |
AMERICA ISRAEL CULTURAL FDN PURPOSE: VARIOUS PHILANTHROPIC | $1,000 |
BHCCRC INC J FOR J PURPOSE: MEDICAL ASSISTANCE | $200 |