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THE RAVEN FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
THE RAVEN FOUNDATION (EIN 20-8690475)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-25
IRS object ID
201612079349100701
Schema version
2015v2.1
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)
Return2016-07-25T09:51:37-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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 DRIVEAddressLine1Txt
CityGLENVIEWCityNm
State AbbreviationILStateAbbreviationCd
ZIP60026ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEITH ROSSPersonNm
Person TitleCO-FOUNDERPersonTitleTxt
Phone2245217200PhoneNum
Signature2016-05-26SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN L FERRENTINO CPAPreparerPersonNm
PTINP00010558PTIN
Phone8474467400PhoneNum
Preparation2016-06-09PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$11,407FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$166,553ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$166,553TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$104,063CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$104,063CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$24,000OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$24,000OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$14,828PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$13,753PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$900AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$75TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$3,882TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$3,882TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$16,434OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$10,959OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$164,182TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$156,657TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$164,182TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$156,657TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,371ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,697CashBOYAmt
Cash EOY$10,407CashEOYAmt
Cash EOYFMV$10,407CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$7,394LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,194LandBldgEquipAccumDeprecAmt
Land BOY$2,552LandBOYAmt
Land EOY$2,200LandEOYAmt
Land EOYFMV$1,000LandEOYFMVAmt
Total Assets BOY$10,249TotalAssetsBOYAmt
Total Assets EOY$12,607TotalAssetsEOYAmt
Total Assets EOYFMV$11,407TotalAssetsEOYFMVAmt
Accounts Payable BOY$220AccountsPayableBOYAmt
Accounts Payable EOY$207AccountsPayableEOYAmt
Total Liabilities BOY$220TotalLiabilitiesBOYAmt
Total Liabilities EOY$207TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$10,029RetainedEarningBOYAmt
Retained Earning EOY$12,400RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$10,029TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$12,400TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$10,249TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,607TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,029TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,371ExcessRevenueOverExpensesAmt
Subtotal$12,400SubtotalAmt
Tot Net Ast Or Fund Balances EOY$12,400TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$144,979AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$13,297NetVlNoncharitableAssetsYr1Amt
Distribution Yr110.903136DistributionYr1Rt
Adjusted Qlfy Distri Yr2$203,620AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$10,406NetVlNoncharitableAssetsYr2Amt
Distribution Yr219.567557DistributionYr2Rt
Adjusted Qlfy Distri Yr3$219,164AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$3,952NetVlNoncharitableAssetsYr3Amt
Distribution Yr355.456478DistributionYr3Rt
Adjusted Qlfy Distri Yr4$100,234AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$14,775NetVlNoncharitableAssetsYr4Amt
Distribution Yr46.784027DistributionYr4Rt
Adjusted Qlfy Distri Yr5$101,770AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$39,838NetVlNoncharitableAssetsYr5Amt
Distribution Yr52.554596DistributionYr5Rt
Total Distribution95.265794TotalDistributionRt
Average Distribution19.053159AverageDistributionRt
Net Vl Noncharitable Assets$8,372NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$159,513AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$159,513AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$156,657QualifyingDistributionsAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressRAVENFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksSUZANNE ROSSIndividualWithBooksNm
Phone2245217200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12624 PATRIOTAddressLine1Txt
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KEITH ROSS
2624 PATRIOT DRGLENVIEWIL60026CO-FOUNDER3.00$0$0$0
SUZANNE ROSS
2624 PATRIOT DRGLENVIEWIL60026CO-FOUNDER10.00$0$0$0
ADAM ERICKSEN
2624 PATRIOT DRGLENVIEWIL60026EDUCATION DI35.00$63,688$0$0
MAURA JUNIUS
2624 PATRIOT DRGLENVIEWIL60026MARKETING DI35.00$40,375$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$500Expenses1Amt

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$7,500AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,500TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,500AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$128CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,372NetVlNoncharitableAssetsAmt
Minimum Investment Return$419MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

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

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$156,657ExpensesAndContributionsAmt
Qualifying Distributions$156,657QualifyingDistributionsAmt
Adjusted Qualifying Distri$156,657AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$156,657QualifyingDistributionsAmt
Remaining Distri From Corpus$156,657RemainingDistriFromCorpusAmt
Total Corpus$156,657TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j5Yes (X)Section4942j5Ind

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$156,657CurrentYearAmt
Year1$144,979Year1Amt
Year2$203,620Year2Amt
Year3$219,164Year3Amt
Total$724,420TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$156,657CurrentYearAmt
Year1$144,979Year1Amt
Year2$203,620Year2Amt
Year3$219,164Year3Amt
Total$724,420TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$279CurrentYearAmt
Year1$443Year1Amt
Year2$66Year2Amt
Year3$66Year3Amt
Total$854TotalAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndBusiness Name Line2ContributorBusinessName/BusinessNameLine2TxtAddress Line2ContributorUSAddress/AddressLine2Txt
KEITH ROSS
12624 PATRIOTGLENVIEWIL60026$155,800Yes (X)
IMITATIO
2ONE LETTERMAN DRSAN FRANCISCOCA94129$10,000Yes (X)THE THIEF FOUNDATIONBLDG C SUITE 400

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$900Amt

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$2,727DeductionForPriorYearsAmt
Amortization Period15.0000AmortizationPeriodRt
Current Year Amortization$352CurrentYearAmortizationAmt
Total Amortization$3,079TotalAmortizationAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyPROJECTORPropertyDesc
Acquired2007-05-02AcquiredDt
Cost Or Other Basis$2,115CostOrOtherBasisAmt
Prior Year Depreciation$2,115PriorYearDepreciationAmt
Computation Method200DBComputationMethodTxt
Life5.0000LifeRt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemFIXED ASSETSCategoryOrItemTxt
Cost Or Other Basis$7,394CostOrOtherBasisAmt
Accumulated Depreciation$5,194AccumulatedDepreciationAmt
Book Value$2,200BookValueAmt
EOYFMV$1,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (16 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
AWARD EVENT$733$733
BANK FEES$285
COMPUTER CONSULTANT
WEB DESIGN COSTS$55
EVENT TICKETS$464$464
GENEAL INSURANCE
MEALS & ENT$1,055$1,055
OFFICE COSTS$336
PAYROLL PROCESSING$2,834
EVENT PROJECT COSTS-$6,078$6,078
PUBLISHING COSTS$2,074$2,074
EVENT GUEST SPEAKERS$500$500
INTERNET FEES$722
SOFTWARE$323
MARKETING & ADVERTISING$678

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonKEITH SUZANNE ROSSPersonNm

US Address USAddress

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATE REGISTRATIONCategoryTxt
Amt$75Amt

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