Raikes Foundation
- Assets
- $130.9m
- Revenue
- $34.2m
- Investments
- $123.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/2002
- Data as of
- 12/2017
- EIN
- 91-2173492
Organization Overview
Raikes Foundation is located in Seattle, WA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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.
For the year ending 12/2017, Raikes Foundation generated $34.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $31.7m during the year ending 12/2017. While expenses have increased by 19.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVING COMPASS: TO INVEST IN THE RESEARCH, DESIGN, AND LAUNCH OF WWW.GIVINGCOMPASS.ORG, AN ONLINE PLATFORM TO SUPPORT AND ENCOURAGE PHILANTHROPISTS TOWARD MORE IMPACT-DRIVEN PHILANTHROPY.
EDUCATION STRATEGY: TO CONVENE EDUCATION GRANTEES WORKING ON IMPROVING CULTURAL COMPETENCE AND STUDENTS' SENSE OF BELONGING IN THE CLASSROOM; INVESTING IN COMMUNICATIONS CAPACITY FOR GRANTEE ORGANIZATIONS.
EXPANDED LEARNING OPPORTUNITIES: TO PROVIDE CONSULTING SUPPORT FOR GRANTEE PARTNERS TO DEVELOP A STATEWIDE SYSTEM OF HIGH-QUALITY EXPANDED LEARNING OPPORTUNITIES IN WASHINGTON STATE.
YOUTH AND YOUNG ADULT HOMELESSNESS: TO PROVIDE EVALUATION, DATA AND SYSTEMS ANALYSIS AND FACILITATION SERVICES FOR GRANTEE PARTNERS WORKING TO END YOUTH AND YOUNG ADULT HOMELESSNESS IN WASHINGTON STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Kahn Executive Director | 40 | $208,440 | |
Katie Hong Director-Youth Homel | 40 | $186,725 | |
Zoe Stemm-Calderon Director-Education | 40 | $185,975 | |
Molly Watkins Director-Communicati | 40 | $184,625 | |
Casey Trupin Program Officer-Yout | 40 | $163,588 | |
Lindsay Hill Program Officer-Educ | 40 | $159,225 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Giving Tech Labs | 12/30/17 | $372,395 |
Slalom | 12/30/17 | $730,069 |
Skd Knickerbocker Llc | 12/30/17 | $412,819 |
Education Counsel | 12/30/17 | $223,583 |
Lj Salazar Consulting | 12/30/17 | $149,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,640,104 |
| Interest on Savings | $48,497 |
| Dividends & Interest | $1,906,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,991,717 |
| Capital Gain Net Income | $22,306,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $660,227 |
| Total Revenue | $34,246,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $208,440 |
| Other employee salaries and wages | $1,956,913 |
| Pension plans, employee benefits | $464,164 |
| Interest | $0 |
| Taxes | $208,509 |
| Depreciation | $0 |
| Occupancy | $39,908 |
| Travel, conferences, and meetings | $287,113 |
| Printing and publications | $0 |
| Other expenses | $252,851 |
| Total operating and administrative expenses | $7,356,174 |
| Contributions, gifts, grants paid | $24,340,731 |
| Total expenses and disbursements | $31,696,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,246 |
| Savings and temporary cash investments | $7,472,289 |
| Net Accounts receivable | $257 |
| 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 | $67,530 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,173,892 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,500 |
| Total assets | $130,888,939 |
| Accounts payable and accrued expenses | $83,101 |
| Grants payable | $14,665,127 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,235 |
| Total liabilities | $14,750,463 |
Grants Awarded
Over the last fiscal year, Raikes Foundation has awarded $27,896,475 in support to 330 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: RESEARCH/PRACTICE PARTNERSHIP TO ADVANCE EQUITABLE LEARNING ENVIRONMENTS | $1,150,000 |
Washington, DC PURPOSE: RESEARCH/PRACTICE PARTNERSHIP TO ADVANCE EQUITABLE LEARNING ENVIRONMENTS | $1,150,000 |
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: COLLEGE TRANSITION COLLABORATIVES OPERATING AND ORGANIZATIONAL INFRASTRUCTURE SUPPORT | $700,000 |
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: COLLEGE TRANSITION COLLABORATIVES OPERATING AND ORGANIZATIONAL INFRASTRUCTURE SUPPORT | $700,000 |
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: COLLEGE TRANSITION COLLABORATIVES OPERATING AND ORGANIZATIONAL INFRASTRUCTURE SUPPORT | $700,000 |
UNIVERSITY OF NEBRASKA-LINCOLN PURPOSE: NEBRASKA FOOD FOR HEALTH CENTER | $635,617 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Raikes Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: GLOBAL HEALTH AND DEVELOPMENT PUBLIC AWARENESS AND ANALYSIS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $87,968,080 | $76,874,719 |
Raikes Foundation Seattle, WA | $130,888,939 | $34,246,583 |
James F And Marion L Miller Foundation Portland, OR | $158,876,388 | $13,440,871 |
Samis Foundation Seattle, WA | $94,569,987 | $11,606,495 |
The Russell Family Foundation Gig Harbor, WA | $150,979,015 | $6,860,810 |
Greg Carr Foundation Inc Idaho Falls, ID | $45,330,213 | $11,248,432 |
Holland M Ware Charitable Foundation Eagle, ID | $246,555,245 | $15,589,641 |
Helen E Snedden Foundation Fairbanks, AK | $9,152,347 | $5,394,499 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $107,759,492 | $3,709,897 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $103,349,007 | $2,819,850 |
Vatheuer Family Foundation Inc Hobart, WA | $35,751,175 | $3,774,819 |
David And Amy Fulton Foundation Seattle, WA | $71,105,945 | -$65,059 |