Raising Founders Foundation Inc
Nonprofit profile at a glance
- EIN
- 994952023
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Bowie, MD, USA
- Phone
- 2404670131
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $90,381
- Expenses
- $20,598
- Assets
- $357
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- Carl Gray (Executive Dir.)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At Raising Founders, our mission is to foster the entrepreneurial spirit in urban youth by providing them with the tools, mentorship, and real-world experiences necessary to launch and grow successful businesses.
What it reported doing in 2024
Our mission is to inspire, educate, and cultivate entrepreneurial spirits in young minds, fostering a generation of innovative leaders
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 54
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 17.1%; rating input score 17
- Program expense ratio: 74.9%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 77.2%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 17.1% of revenue deployed · 74.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.