Resource Area for Teaching
Nonprofit profile at a glance
- EIN
- 770365627
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- San Jose, CA, USA
- Phone
- 4084511420
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $4,421,435
- Expenses
- $4,330,391
- Assets
- $15,613,311
- Liabilities
- $723,330
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- JASON MORRELLA (CEO)
Highest reported compensation
- JASON MORRELLA (CEO): $256,592 total reported compensation
- DAVID MUILENBURG (CHIEF OPERATIONS OFFICER): $176,996 total reported compensation
- SAMUEL DAVENPORT (SENIOR DIRECTOR OF EDUCATION): $156,293 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Raft believes that every child deserves a powerful learning experience. Raft's mission is to inspire joy through hands on learning.
What it reported doing in 2024
Materials donation/upcycling program: raft diverts over 385 cubic tons of materials from landfills annually and makes them available for members in our resource center. Raft works with bay area companies to collect and upcycle materials they no longer need, from office supplies to lab equipment, so that raft can repurpose them into hands-on learning materials. Members can also buy them in bulk to create their own learning materials. Since being founded in 1994, raft has received over 10 million cubic feet of donated materials. Raft addresses educators' needs and provides educational materials that fulfill the necessary standards to prepare students for future careers.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.2%; rating input score 85
- Fundraising efficiency: $6.35 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.1%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 3.61; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 19.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 1.5% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.2% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $3.7M in reported program spending
- Leadership: top reported pay $257K · 20 people listed · 2 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Officer compensation ratio scored 13/100.