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THE RAVEN FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE RAVEN FOUNDATION (EIN 20-8690475)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349109570
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T19:34:55-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364068842PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FERRENTINO & KROLL CPA'S LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 NORTHFIELD PLAZA STE 455AddressLine1Txt
CityNORTHFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP600931272ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208690475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAVEN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRAVEBusinessNameControlTxt
Phone2245217200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12624 PATRIOT BLVDAddressLine1Txt
CityGLENVIEWCityNm
State AbbreviationILStateAbbreviationCd
ZIP600268024ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEITH ROSSPersonNm
Person TitleCO-FOUNDERPersonTitleTxt
Phone2245217200PhoneNum
Signature2022-11-11SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKEITHPersonFirstNm
Person LastROSSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN L FERRENTINO CPAPreparerPersonNm
PTINP00010558PTIN
Phone8474467400PhoneNum
Preparation2022-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,455FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$306,740ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$306,740TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$228,738CompOfcrDirTrstRevAndExpnssAmt
Pension Empl Bnft Rev And Expnss$20,311PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$20,311PensionEmplBnftDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$21,494OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$21,494OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$125TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$125TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$12,706TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$12,706TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$24,508OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$24,156OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$307,882TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$78,792TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$307,882TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$78,792TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,142ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,612CashBOYAmt
Cash EOY$951CashEOYAmt
Cash EOYFMV$955CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$11,692LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$11,604LandBldgEquipAccumDeprecAmt
Land BOY$440LandBOYAmt
Land EOY$88LandEOYAmt
Land EOYFMV$2,500LandEOYFMVAmt
Total Assets BOY$3,052TotalAssetsBOYAmt
Total Assets EOY$1,039TotalAssetsEOYAmt
Total Assets EOYFMV$3,455TotalAssetsEOYFMVAmt
Accounts Payable BOY$871AccountsPayableBOYAmt
Other Liabilities BOY$50,966OtherLiabilitiesBOYAmt
Other Liabilities EOY$50,966OtherLiabilitiesEOYAmt
Total Liabilities BOY$51,837TotalLiabilitiesBOYAmt
Total Liabilities EOY$50,966TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY-$48,785RetainedEarningBOYAmt
Retained Earning EOY-$49,927RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY-$48,785TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY-$49,927TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,052TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,039TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY-$48,785TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,142ExcessRevenueOverExpensesAmt
Subtotal-$49,927SubtotalAmt
Tot Net Ast Or Fund Balances EOY-$49,927TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressRAVENFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksKEITH ROSSIndividualWithBooksNm
Phone2245217200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12624 PATRIOT DRAddressLine1Txt
CityGLENVIEWCityNm
State AbbreviationILStateAbbreviationCd
ZIP60026ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KEITH ROSS
2624 PATRIOT DRGLENVIEWIL60026CO-FOUNDER000.00$0$0$0
SUZANNE ROSS
2624 PATRIOT DRGLENVIEWIL60026CO-FOUNDER000.00$0$0$0
ADAM ERICKSEN
2624 PATRIOT DRGLENVIEWIL60026EDUCATION DI000.00$60,487$0$0
MAURA JUNIUS
2624 PATRIOT DRGLENVIEWIL60026MARKETING DI000.00$60,750$0$0
LINDSEY PARIS-LOPEZ
2624 PATRIOTGLENVIEWIL60026EDITOR IN CH000.00$24,000$0$0
SAMUEL SORICH
2624 PATRIOT DRGLENVIEWIL60026CREATIVE DIR000.00$1,500$0$0
JOSEPH STRUHS
2624 PATRIOT DRGLENVIEWIL60025CONTENT DIRE000.00$82,001$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1GRANTS TO CHARITABLE ORGANIZATIONS PREACHING FOR PEACEDescription1Txt
Expenses1$200Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,827AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,500FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,327TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$12,327AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$185CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,142NetVlNoncharitableAssetsAmt
Minimum Investment Return$607MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$78,792ExpensesAndContributionsAmt
Qualifying Distributions$78,792QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$78,792QualifyingDistributionsAmt
Remaining Distri From Corpus$78,792RemainingDistriFromCorpusAmt
Total Corpus$78,792TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2007-03-27PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$78,792CurrentYearAmt
Year1$476,152Year1Amt
Year2$167,677Year2Amt
Year3$37,472Year3Amt
Total$760,093TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$78,792CurrentYearAmt
Year1$476,152Year1Amt
Year2$167,677Year2Amt
Year3$37,472Year3Amt
Total$760,093TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$405CurrentYearAmt
Year1$534Year1Amt
Year2$150Year2Amt
Year3$171Year3Amt
Total$1,260TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKEITH SUZANNE ROSSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonKEITH ROSSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12624 PATRIOTAddressLine1Txt
CityGLENVIEWCityNm
State AbbreviationILStateAbbreviationCd
ZIP60026ZIPCd
FieldValueIRS element (for citing)
Total Contributions$305,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail

FieldValueIRS element (for citing)
Amortized ExpensesORGANIZATION COSTSAmortizedExpensesDesc
Acquired Completed Or Expended2007-04-01AcquiredCompletedOrExpendedDt
Amortized$5,279AmortizedAmt
Deduction For Prior Years$4,839DeductionForPriorYearsAmt
Amortization Period15.0000AmortizationPeriodRt
Current Year Amortization$352CurrentYearAmortizationAmt
Total Amortization$5,191TotalAmortizationAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRt
PROJECTOR2007-05-02$2,115$2,115200DB5.0000
COMPUTER SYSTEM2018-10-29$4,299$4,299200DB5.0000

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemFIXED ASSETSCategoryOrItemTxt
Cost Or Other Basis$11,692CostOrOtherBasisAmt
Accumulated Depreciation$11,604AccumulatedDepreciationAmt
Book Value$88BookValueAmt
EOYFMV$2,500EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
PROGRAM MATERIALS & COSTS$7,514$7,514
BANK FEES$981$981
WEB DESIGN COSTS$96$96
GENERAL INSURANCE$793$793
OFFICE SUPPLIES$208$208
PAYROLL PROCESSING$1,856$1,856
INTERNET FEES$3,171$3,171
TRANSLATION & TRANSCRIPTION$332$332
MEMBERSHIPS$275$275
TELECOMMUNICATIONS$3,526$3,526
COMPUTER SUPPLIES$2,257$2,257
MARKETING & ADVERTISING$2,045$2,045
PRODUCTION COSTS$1,102$1,102

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
LOANS PAYABLE$50,797$50,797
DEPOSITS$169$169

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCONSULTING FEESCategoryTxt
Amt$21,494Amt
Disbursements Charitable Prps$21,494DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ILLINOIS CHARUTY BUREAU
FRANCHISE TAX$125$125

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