Rare Village Foundation
- Assets
- $958.5k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- Data as of
- 12/2021
- EIN
- 83-4699994
Organization Overview
Rare Village Foundation is located in Mckinney, TX. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rare Village 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, Rare Village Foundation generated $2.3m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 182.6% 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
TO FIGHT FOR CURES FOR RARE DISEASES AND EMPOWER INDIVIDUALS WITH RARE DISEASES TO LIVE THEIR BEST LIVES THROUGH LOCAL COMMUNITY EDUCATION, INSPIRING ADVOCACY, AND TIMELY CONNECTION TO CRITICAL RESEARCH THAT LEADS TO CURES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED OVER ONE MILLION DOLLARS TO RESEARCH INITIATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Freed Director | Officer | 3 | $0 |
Kasey Wolleben Vice President Secretary Dire | Officer | 10 | $0 |
Gina Hann President & Director | Officer | 10 | $0 |
Amy Sowell Treasurer Director | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,254,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,314,036 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| 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 | $2,314,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,374,251 |
| 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 | $325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $400 |
| Office expenses | $950 |
| Information technology | $10,674 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $665 |
| 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 | $1,389,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $958,533 |
| 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 | $958,533 |
| 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 | $958,533 |
| 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 | $958,533 |
Grants Awarded
Over the last fiscal year, Rare Village Foundation has awarded $1,296,336 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RIAAN RESEARCH INITIATIVE PURPOSE: RESEARCH | $1,010,936 |
RAREBASE PBC PURPOSE: RESEARCH | $155,400 |
UT SOUTHWESTERN MEDICAL CENTER | | | $100,000 |
Evanston, IL PURPOSE: RESEARCH | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rare Village Foundation has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
The Good Sparrow Foundation Wilmington, DE PURPOSE: CURE GABRB2 FUND | $5,000 |
1 17 Foundation Chicago, IL PURPOSE: FOCUSED ON SERVING RARE FAMILIES IN THEIR MOST IMPORTANT JOURNEY - THAT OF THEIR RARE DISEASE CHILD. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Angelman Syndrome Therapeutics Austin, TX | $17,749,994 | $3,977,487 |
National Trauma Institute San Antonio, TX | $700,417 | $2,906,343 |
1 Million 4 Anna Foundation Addison, TX | $0 | $147,941 |
International Pediatric Research Foundation Inc The Woodlands, TX | $2,089,828 | $1,515,531 |
Rare Village Foundation Mckinney, TX | $958,533 | $2,314,057 |
Broach Foundation For Brain Cancer Research Houston, TX | $383,452 | $130,078 |
Nancy Taylor Foundation For Chronic Diseases Tulsa, OK | $2,667,551 | $586,944 |
Guadalupe Regional Medical Foundation Seguin, TX | $1,974,239 | $851,459 |
Karnival Krewe De Louisiane Inc Baton Rouge, LA | $31,921 | $440,057 |
Carson Leslie Foundation Dallas, TX | $787,532 | $356,640 |
Be The Difference Foundation Dallas, TX | $239,212 | $300,744 |
Curing Childrens Cancer Fund Houston, TX | $65,752 | $0 |