Raymond Educational Foundation
- Assets
- $2.5m
- Revenue
- $203.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 05/1963
- Data as of
- 04/2022
- EIN
- 86-6050920
Organization Overview
Raymond Educational Foundation is located in Flagstaff, AZ. The organization was established in 1963. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Raymond Educational 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 04/2022, Raymond Educational Foundation generated $203.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $158.1k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Raymond Educational Foundation has awarded 49 individual grants totaling $837,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION BELIEVES IT IS A FOUNDATION THAT ACCOMPLISHES ITS CHARITABLE PURPOSE SOLEY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITES OR MAKE PROGRAM RELATED INVESTMENTS AND THEREFORE, DOES NOT NEED TO ALLOCATE ANY OF ITS ADMINISTRATIVE EXPENSES BEYOND THOSE ALREADY SHOWN IN PART I, COLUMN D OF FORM PP -PF.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Conrad Executive Dir. | 10 | $6,000 | |
Billy Cordosco Director | 0 | $0 | |
Richard Gomez President | 0 | $0 | |
Monica Gaylord Director | 0 | $0 | |
Pat Nackard Director | 0 | $0 | |
Patty Garcia Sec/tres | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $98,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,553 |
| Capital Gain Net Income | $105,553 |
| Net ST Capital Gain | $651 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $203,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,039 |
| Total operating and administrative expenses | $19,419 |
| Contributions, gifts, grants paid | $138,700 |
| Total expenses and disbursements | $158,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,983 |
| Savings and temporary cash investments | $28,444 |
| 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 | $1,921 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,522,152 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $82,500 |
| 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 | $82,500 |
Grants Awarded
Over the last fiscal year, Raymond Educational Foundation has awarded $138,700 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Flagstaff, AZ PURPOSE: SCHOLARSHIP | $40,000 |
COCONINO COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $36,400 |
NAU TO CCC TO NAU PURPOSE: SCHOLARSHIP | $30,000 |
CCC TO NAU PURPOSE: SCHOLARSHIP | $19,800 |
FLAGSTAFF FAMILY FOOD CENTER PURPOSE: FOOD | $6,000 |
FUSD CTE PURPOSE: EDUCATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |