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Rakowich Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$145k (2024)

Expenses
$357k (2024)

Total Assets
$1.92M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$145,114
Expenses
$357,158
Net Income
-$212,044
Net Assets
$1,916,337
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,099
0.8%
Dividends $65,630
45.2%
Sales of Assets $72,914
50.2%
Other Income $5,471
3.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $336,092
94.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,916,337
Total Liabilities $0
Net Assets $1,916,337
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$556,248
Expenses
$89,533
Net Income
$466,715
Net Assets
$2,128,381
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,154
0.2%
Dividends $56,757
10.2%
Sales of Assets $485,463
87.3%
Other Income $12,874
2.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,925
90.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,128,381
Total Liabilities $0
Net Assets $2,128,381
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$185,784
Expenses
$450,278
Net Income
-$264,494
Net Assets
$1,661,666
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $55,025
29.6%
Sales of Assets $28,732
15.5%
Other Income $102,026
54.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $416,925
92.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,661,666
Total Liabilities $0
Net Assets $1,661,666
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$527,573
Expenses
$411,479
Net Income
$116,094
Net Assets
$2,858,078
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $45,450
8.6%
Sales of Assets $480,188
91.0%
Other Income $1,935
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $390,425
94.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,858,078
Total Liabilities $0
Net Assets $2,858,078
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$129,564
Expenses
$210,856
Net Income
-$81,292
Net Assets
$2,681,043
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $39,469
30.5%
Sales of Assets $87,547
67.6%
Other Income $2,548
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $191,655
90.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,681,044
Total Liabilities $1
Net Assets $2,681,043
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$233,285
Expenses
$335,673
Net Income
-$102,388
Net Assets
$2,485,158
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $55,401
23.7%
Sales of Assets $175,907
75.4%
Other Income $1,977
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $315,138
93.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,485,159
Total Liabilities $1
Net Assets $2,485,158
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$135,238
Expenses
$422,840
Net Income
-$287,602
Net Assets
$2,296,895
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $48,298
35.7%
Sales of Assets $85,176
63.0%
Other Income $1,764
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $399,330
94.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,296,895
Total Liabilities $0
Net Assets $2,296,895
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$185,144
Expenses
$206,466
Net Income
-$21,322
Net Assets
$2,850,538
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $36
0.0%
Dividends $49,428
26.7%
Sales of Assets $133,267
72.0%
Other Income $2,413
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $183,004
88.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,850,538
Total Liabilities $0
Net Assets $2,850,538
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,699
Expenses
$164,411
Net Income
-$142,712
Net Assets
$2,552,692
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $49,684
> 100%
Sales of Assets -$30,329
Other Income $2,344
10.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $145,742
88.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,552,692
Total Liabilities $0
Net Assets $2,552,692
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$132,859
Expenses
$189,062
Net Income
-$56,203
Net Assets
$2,582,226
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $53,968
40.6%
Sales of Assets $76,969
57.9%
Other Income $1,922
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $168,100
88.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,582,226
Total Liabilities $0
Net Assets $2,582,226
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$230,671
Expenses
$235,544
Net Income
-$4,873
Net Assets
$2,750,199
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $51,038
22.1%
Interest Revenue $0
Dividends $64,575
28.0%
Sales of Assets $113,216
49.1%
Other Income $1,842
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $212,100
90.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,750,199
Total Liabilities $0
Net Assets $2,750,199
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$681,159
Expenses
$284,183
Net Income
$396,976
Net Assets
$2,799,630
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $306,999
45.1%
Interest Revenue $0
Dividends $56,631
8.3%
Sales of Assets $317,075
46.5%
Other Income $454
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $266,500
93.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,799,630
Total Liabilities $0
Net Assets $2,799,630
Compensation
Key Employees and Officers Compensation Other
Walter C Rakowich (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,515,300
Expenses
$0
Net Income
$2,515,300
Net Assets
$2,515,300
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,508,538
99.7%
Interest Revenue $0
Dividends $6,762
0.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,515,300
Total Liabilities $0
Net Assets $2,515,300

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

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