Raskob Foundation for Catholic Activities Inc

Nonprofit profile at a glance

EIN
510070060
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Wilmington, DE, USA
Phone
3026554440
Rating
86
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$17,938,443
Expenses
$9,895,326

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Raskob Foundation for Catholic Activities Inc is a nonprofit. Location: Wilmington, DE. EIN 510070060.

What it reported funding in 2024

The foundation reported 325 grants totaling $6,201,691. The stated grant purposes included to replace/install new plumbing in the 75 year-old convent, to keep teresian carmelite sisters living in community while expanding the work of evangelization and catechesis among native american children and adults., toward expenses of the delivering dreams fund, to assist individuals, families and veterans exiting homelessness and entering housing., and revised year 2 - toward expenses to support one-on-one art and music therapy instruction for young trauma survivors of human trafficking, as well as youth who are vulnerable to victimizations by virtue of their association with the foster care system. year 1 - toward program costs of the michigan abolitionist project: to educate, engage and eradicate human trafficking., plus 281 other reported purposes.

Operating model

Revenue model
Investment-supported. 69% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 71% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 88
  • Cost Efficiency: 59
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 84

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 87.7%; rating input score 88; 23rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 58.8%; rating input score 59; 19th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 35.73; rating input score 84; 84th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 87.7% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 84th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 334 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Cost Efficiency: Grant expense ratio scored 59/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.