2021-11-12T16:20:41-06:00 2021-06-30 571157523 APRIO LLP 5 CONCOURSE PARKWAY SUITE 1000 ATLANTA GA 30328 990 2020-07-01 770365627 RESOURCE AREA FOR TEACHING RESO 4084511420 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 JASON MORRELLA CEO 4084511420 2021-11-12 1 JASON MORRELLA 999009999 ANGELA T DOTSON P00645864 4048929651 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JASON MORRELLA 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 2254459 0 X WWW.RAFT.NET X 1994 CA RESOURCE AREA FOR TEACHING'S (RAFT) MISSION IS TO INSPIRE JOY THROUGH HANDS ON LEARNING. 18 18 33 1417 0 0 961811 1066406 152444 45970 7853909 462552 509408 534015 9477572 2108943 0 0 0 0 2018870 2441168 0 0 329606 954925 713433 2973795 3154601 6503777 -1045658 17783366 18680172 667890 780660 17115476 17899512 X RAFT BELIEVES THAT EVERY CHILD DESERVES A POWERFUL LEARNING EXPERIENCE. RAFT'S MISSION IS TO INSPIRE JOY THROUGH HANDS ON LEARNING. 0 0 2453983 EDUCATION PROGRAMS & MATERIALS: RAFT IS PROUD TO HAVE SUPPORTED OUR EDUCATION COMMUNITY THIS PAST YEAR. OUR ACCOMPLISHMENTS INCLUDE: DELIVERING OVER 120,000 STEAM PROJECT KITS TO TITLE-1 SCHOOLS SO STUDENTS CAN KEEP ENGAGED DURING DISTANCE LEARNING. 30% OF THE STUDENTS RAFT SERVES ARE FROM TITLE-1 SCHOOLS THAT SUPPORT UNDERSERVED COMMUNITIES. TITLE-1 SCHOOLS ARE THOSE SCHOOLS WITH A HIGH PERCENTAGE OF STUDENTS RECEIVING FREE OR REDUCED LUNCH AND ARE TYPICALLY UNDERSERVED AND UNDERFUNDED. DEVELOPING OVER 120 FREE STEAM LEARNING ACTIVITY SHEETS WITH OVER 10,000 DOWNLOADS TO DATE. THESE SHEETS LEAD FAMILIES IN ENGAGING HANDS-ON LESSONS THAT USE COMMON HOUSEHOLD ITEMS. DEVELOPING VIRTUAL PROFESSIONAL DEVELOPMENT WORKSHOPS TO HELP EDUCATORS INCORPORATE HANDS-ON LEARNING IN THE DIGITAL CLASSROOM. OPEN MEMBERSHIP TO ALL SO OUR AFFORDABLE RESOURCES ARE ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE. EFFECTIVE LAST YEAR, ALL PARENTS, EDUCATORS, ADMINISTRATORS, AND EVERYONE HELPING EDUCATE IN THE TIMES OF DISTANCE LEARNING ARE ELIGIBLE FOR A RAFT MEMBERSHIP. VIRTUAL RAFT MAKER NIGHTS. THESE EVENTS WELCOMED EDUCATORS, STUDENTS AND THEIR FAMILIES TO ENGAGE IN COMMUNITY BY BUILDING A RAFT STEAM PROJECT KIT TOGETHER AND CONNECT IN DISCUSSION ABOUT FUN, STEAM ELEMENTS TAUGHT THROUGH THE ACTIVITY AND FUN VIDEOS. ENGINEERING DESIGN CHALLENGES. TO HELP STUDENTS STAY ENGAGED AND CREATIVE, RAFT STAFF CREATED ENGINEERING DESIGN CHALLENGES. THESE CHALLENGES PROPOSE A FUN CHALLENGE, SUCH AS CATCHING A LEPRECHAUN, AND STUDENTS USE HOUSEHOLD ITEMS AND THEIR CREATIVITY TO SOLVE THE CHALLENGE. MAKERSPACE BUILDS AND MAKER MOBILE VISITS TO SCHOOLS. RAFT VISITS SCHOOLS TO HOST MAKERSPACE BUILDS AND THE RAFT MAKER MOBILE BRINGS MATERIALS TO SCHOOL TO HOST ENGAGING, HANDS-ON ACTIVITIES. AFTER THESE EVENTS, STUDENTS REPORT ENJOYING THE ACTIVITIES AND FEEL CONFIDENT WITH THEIR WORK. SINCE JUNE 2020, 1,417 VOLUNTEERS HAVE CONTRIBUTED 4,251 HOURS TO ENSURE OUR RESOURCES ARE AVAILABLE TO OUR LOCAL EDUCATORS AND STUDENTS DURING A CHALLENGING TIME. RESOURCE CENTERS & WEBSITE: AT RAFT'S VOLUNTEER RESOURCE CENTER APPROXIMATELY 300 TONS OF DONATED MATERIALS ARE SORTED, PREPPED AND ASSEMBLED INTO HANDS ON LEARNING KITS BY APPROXIMATELY 6,000 COMMUNITY VOLUNTEERS ANNUALLY. DURING THE COVID-19 CRISIS, RAFT SHIFTED TO VIRTUAL AND REMOTE VOLUNTEERING TO CONTINUE TO SERVE OUR COMMUNITY. OUR WEBSITE AND ONLINE STORE OFFER 24/7 ACCESS TO THE EDUCATIONAL RESOURCES AND RAFT EXPANDED OUR ONLINE STORE AND OFFERED CURBSIDE PICK-UP AND DELIVERY OPTIONS. IN 2020, RAFT OPENED OUR MEMBERSHIP TO PARENTS AND GUARDIANS TO SUPPORT THEM IN DISTANCE LEARNING. RAFT DEVELOPED OVER 120 NEW, FREE LEARNING ACTIVITIES AVAILABLE ONLINE TO GUIDE STUDENTS THROUGH HANDS-ON LEARNING AT HOME USING COMMON HOUSEHOLD MATERIALS WITHOUT THE NEED TO PURCHASE ADDITIONAL MATERIALS. RAFT EXPANDED OUR VIRTUAL PROFESSIONAL DEVELOPMENT OFFERINGS AND DEVELOPED ASYNCHRONOUS LEARNING ACTIVITIES FOR EDUCATORS TO SUPPORT DISTANCE LEARNING. SINCE JUNE 2020, 1,417 VOLUNTEERS HAVE CONTRIBUTED 4,251 HOURS TO ENSURE OUR RESOURCES ARE AVAILABLE TO OUR LOCAL EDUCATORS AND STUDENTS DURING A CHALLENGING TIME.THIS PAST FISCAL YEAR, RAFT CONTINUED TO SUPPORT EDUCATORS AND THEIR STUDENTS THROUGH DISTANCE LEARNING AND AS THEY SLOWLY RETURNED TO THE IN-PERSON CLASSROOM. RESOURCES WE HAVE USED TO SUPPORT THE EDUCATION COMMUNITY INCLUDE OUR STEAM PROJECT KITS, VIRTUAL MAKER NIGHTS AND RAFT MAKER MOBILE VISITS TO SCHOOLS. SINCE SHELTER-IN-PLACE RAFT HAS DELIVERED OVER 120,000 STEAM PROJECT KITS TO TITLE-1 SCHOOLS SO STUDENTS CAN STAY ENGAGED. THROUGH OUR RESOURCES WE HAVE BEEN ABLE TO SERVE OVER 14,700 STUDENTS THIS PAST FISCAL YEAR. MATERIALS DONATION/UPCYCLING PROGRAM: RAFT DIVERTS OVER 300 CUBIC TONS OF MATERIALS FROM LANDFILL ANNUALLY AND MAKES THEM AVAILABLE FOR MEMBERS IN OUR RESOURCE CENTERS. RAFT HAS WORKED WITH 240 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 3 MILLION CUBIC FEET OF DONATED MATERIALS. RAFT ADDRESSED EDUCATORS' NEEDS AND PROVIDED EDUCATIONAL MATERIAL THAT FULFILLS NECESSARY STANDARDS TO PREPARE STUDENTS FOR FUTURE CAREERS. 2453983 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DAVE E MUILENBURG 4082137222 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 WEBB MCKINNEY CHAIRPERSON 1.00 X X 0 0 0 NIGEL BALL VICE CHAIRPERSON 1.00 X X 0 0 0 STEFAN RAFFL SECRETARY 1.00 X X 0 0 0 KATHY YATES TREASURER 1.00 X X 0 0 0 BROOKS BEARD BOARD MEMBER 1.00 X 0 0 0 CAROLYN CARHART-QUEZADA BOARD MEMBER 1.00 X 0 0 0 KEVIN FRIED BOARD MEMBER 1.00 X 0 0 0 JILLIAN FORUSZ BOARD MEMBER 1.00 X 0 0 0 PETER GESCHKE BOARD MEMBER 1.00 X 0 0 0 SHARON HUTCHINS BOARD MEMBER 1.00 X 0 0 0 CECIL MAK BOARD MEMBER 1.00 X 0 0 0 EDY MOURTOS BOARD MEMBER 1.00 X 0 0 0 BRENDA PEFFER BOARD MEMBER 1.00 X 0 0 0 SRIDHAR NARASIMHAN BOARD MEMBER 1.00 X 0 0 0 KAREN ROHDE BOARD MEMBER 1.00 X 0 0 0 JIM HARRINGTON BOARD MEMBER 1.00 X 0 0 0 SUNDI SUNDARESH BOARD MEMBER 1.00 X 0 0 0 VIDYADHAR PHALKE BOARD MEMBER 1.00 X 0 0 0 JASON MORRELLA CEO 40.00 X 226301 0 22857 NIVISHA METHA CHIEF DEVELOPMENT OFFICER 40.00 X 143300 0 20820 DAVID MUILENBURG CHIEF OPERATIONS OFFICER 40.00 X 162216 0 18418 SAMUEL DAVENPORT SR DIRECTOR OF EDUCATION 40.00 X 160731 0 272 692548 0 62367 4 0 1 0 0 270136 113900 682370 26360 1066406 MEMBERSHIP DUES 611710 43635 43635 WORKSHOP FEES 611710 2335 2335 45970 206256 206256 256296 0 256296 256296 256296 0 270136 15987 -15987 -15987 670908 129529 541379 541379 OTHER INCOME 900099 8623 8623 8623 2108943 852268 0 190269 759679 540964 24916 193799 1288629 1030296 215505 42828 239238 187592 23146 28500 153622 112774 19234 21614 57507 25751 31756 41611 41611 82728 69047 577 13104 4556 1973 173 2410 43548 40392 82 3074 101095 95012 3263 2820 82393 79972 2421 5833 4362 1471 220621 205107 6120 9394 44316 40518 1629 2169 FINANCIAL SERVICE CHARG 18997 18995 0 2 RECRUITING 10228 1228 3000 6000 3154601 2453983 371012 329606 4161 200289 273130 63853 10721 4605 50099 128931 103924 28550 109937 6456101 2173793 3935972 4282308 13397296 13869762 17783366 18680172 242193 283661 169401 100806 256296 396193 667890 780660 X 16817657 17576030 297819 323482 17115476 17899512 17783366 18680172 -1045658 1812768 16926 0 X X 0 1 X 1 0 X 1214046 1269693 735841 1253114 1066406 5539100 90000 120609 60305 126600 43286 440800 1304046 1390302 796146 1379714 1109692 5979900 316955 5662945 61396 41197 51319 89690 206256 449858 6429758 13256804 0.88070 0.87710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199113 28435 227548 194004 5109 199113 186847 7157 194004 180490 6357 186847 170452 3670 174122 1.00000 0 0 1531240 1531240 3797670 1791446 2006224 717599 382347 335252 409592 409592 4282308 TD AMERITRADE POOLED FUNDS 3635230 C MORGAN STANLEY POOLED FUNDS 10234532 C 13869762 X 3897026 1812768 16926 1829694 2067332 41611 41611 2108943 3112990 0 3112990 41611 41611 3154601 PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO ASSIST THE ORGANIZATION WITH OPERATIONS AND CAPITAL EXPENDITURES AS NEEDS ARISE. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION USES THE "MORE LIKELY THAN NOT" CRITERION FOR RECOGNIZING THE INCOME TAX BENEFIT OF ITS INCOME TAX EXEMPT STATUS AND ESTABLISHING MEASUREMENT CRITERIA FOR LIABILITIES RESULTING FROM THE LOSS OF THAT STATUS. THE ORGANIZATION BELIEVES ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY ACCRUALS FOR INTEREST AND PENALTIES AT JUNE 30, 2021 FOR UNCERTAIN INCOME TAX POSITIONS. IN THE EVENT THE ORGANIZATION SHOULD NEED TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX LIABILITIES, THIS AMOUNT WILL BE RECORDED AS AN ACCRUED LIABILITY AND AN INCREASE TO INCOME TAX EXPENSE. ALTHOUGH THE ORGANIZATION IS RECOGNIZED AS TAX EXEMPT, IT IS STILL LIABLE FOR INCOME TAX ON ITS UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE ORGANIZATION DOES NOT BELIEVE IT HAS UBTI THAT WOULD HAVE RESULTED IN AN INCOME TAX LIABILITY AT JUNE 30, 2021 OR 2020. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990) IS SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN IS SUBJECT TO EXAMINATION, GENERALLY FOR FOUR YEARS AFTER IT IS FILED WITH THE FRANCHISE TAX BOARD. ANNUAL FUNDRAISING EVENT 270136 270136 15987 270136 270136 15987 15987 -15987 0 0 0 0 0 0 0 0 0 JASON MORRELLA CEO 206301 0 20000 0 0 0 12179 0 10678 0 249158 0 0 0 DAVID MUILENBURG CHIEF OPERATIONS OFFICER 158216 0 4000 0 0 0 8040 0 10378 0 180634 0 0 0 NIVISHA METHA CHIEF DEVELOPMENT OFFICER 140800 0 2500 0 0 0 10142 0 10678 0 164120 0 0 0 SAMUEL DAVENPORT SR DIRECTOR OF EDUCATION 157731 0 3000 0 0 0 0 0 272 0 161003 0 0 0 X EQUIPMENT 1 26360 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVEIEWED BY THE CEO AND THEN BY THE AUDIT COMMITTEE. UPON THEIR APPROVAL THE FORM IS EMAILED TO ALL MEMBERS OF THE BOARD WITH THE REQUEST FOR REVIEW BY A CERTAIN DEADLINE. ANY QUESTIONS ARISING DURING THIS REVIEW PROCESS ARE RESOLVED PRIOR TO FILING OF THE FORM. IF NO COMMENTS ARE RECEIVED BY THE SPECIFIED DEADLINE IT'S ASSUMED THAT NO CHANGES NEED TO BE MADE AND THE FORM IS FILED. THE APPROVAL OF FORM 990 IS THEN DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD ANNUALLY AND THE BEGINNING OF THE CALENDAR YEAR. BOARD MEMBERS ARE REQUIRED TO RETURN THE SIGNED ACKNOWLEDGEMENT TO THE CEO. ANNUAL CONFLICT OF INTEREST ACKNOWLEDGEMENTS ARE STORED AT THE ORGANIZATION'S OFFICE LOCATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS ADOPTED A COMPENSATION REVIEW POLICY TO FACILITATE ITS COMPLIANCE WITH CALIFORNIA AND FEDERAL LAW RELATING TO COMPENSATION OF SENIOR MANAGEMENT. THE ORGANIZATION SUBSCRIBES TO AN ANNUAL NONPROFIT SALARY SURVEY GUIDE. THIS GUIDE IS FORWARDED TO THE EITHER THE CHAIR OF THE BOARD OR A BOARD MEMBER WHO HAS THE APPROPRIATE HUMAN RESOURCES EXPERIENCE TO EVALUATE THE COMPARABLE MARKET-BASED COMPENSATION DATA FOR THE CEO, THE HEAD OF FINANCE AND ANY OTHER PERSONS WHO ARE CONSIDERED "KEY EMPLOYEES" FOR THE PURPOSES OF FORM 990 REPORTING. THE BOARD APPROVES THE COMPENSATION FOR THESE INDIVIDUALS AFTER REVIEWING THE COMPARABILITY DATA AND DOCUMENTS HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN ACCORDANCE WITH THE COMPENSATION REVIEW POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ANY PROCESSES FROM THE PRIOR YEAR.