THE RAVEN FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE RAVEN FOUNDATION (EIN 20-8690475)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-23
- IRS object ID
- 201201759349100100
- Schema version
- 2011v1.2
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Amortization Schedule
- Compensation Explanation
- Depreciation Schedule
- Land Etc Schedule2
- Other Expenses Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-23T12:49:38-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FERRENTINO & KROLL CPA'S LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NORTHFIELD PLAZA STE 455 | AddressLine1 |
| City | NORTHFIELD | City |
| State | IL | State |
| ZIP Code | 600931272 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208690475 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RAVEN FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RAVE | NameControl |
| Phone | 2245217200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2624 PATRIOT DRIVE | AddressLine1 |
| City | GLENVIEW | City |
| State | IL | State |
| ZIP Code | 60026 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEITH ROSS | Name |
| Title | CO-FOUNDER | Title |
| Phone | 2245217200 | Phone |
| Date Signed | 2012-06-18 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN L FERRENTINO CPA | Name |
| Phone | 8474467400 | Phone |
| Date Prepared | 2012-06-20 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 19840 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 248450 | ContriReceivedRevAndExpnss |
| Total Revenue And Expenses | 248450 | TotalRevenueAndExpenses |
| Total Net Investment Income | 0 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 129500 | CompOfcrDirTrstRevAndExpnss |
| Pension Empl Bnft Rev And Expnss | 10085 | PensionEmplBnftRevAndExpnss |
| Pension Empl Bnft Dsbrs Chrtbl Prps | 10085 | PensionEmplBnftDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 750 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 240 | OtherProfFeesRevAndExpnss |
| Interest Rev And Expnss | 1767 | InterestRevAndExpnss |
| Taxes Rev And Expnss | 25 | TaxesRevAndExpnss |
| Deprec And Depletion Rev And Expnss | 244 | DeprecAndDepletionRevAndExpnss |
| Trav Conf Meeting Rev And Expnss | 11812 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 11812 | TravConfMeetingDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 114225 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 78337 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 268648 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 100234 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 268648 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 100234 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -20198 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 35683 | CashBOY |
| Cash EOY | 16111 | CashEOY |
| Cash EOYFMV | 16111 | CashEOYFMV |
| Land Building And Equipment Basis | 7394 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 3665 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 4325 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 3729 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 3729 | LandBuildingAndEquipmentEOYFMV |
| Total Assets BOY | 40008 | TotalAssetsBOY |
| Total Assets EOY | 19840 | TotalAssetsEOY |
| Total Assets EOYFMV | 19840 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 170 | AccountsPayableBOY |
| Accounts Payable EOY | 200 | AccountsPayableEOY |
| Total Liabilities BOY | 170 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 200 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 39838 | RetainedEarningsBOY |
| Retained Earnings EOY | 19640 | RetainedEarningsEOY |
| Total Net Assets BOY | 39838 | TotalNetAssetsBOY |
| Total Net Assets EOY | 19640 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 40008 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 19840 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 39838 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -20198 | ExcessOfRevenueOverExpenses |
| Subtotal | 19640 | Subtotal |
| Total Net Assets Fund Balances EOY | 19640 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 101770 | QualifyingDistributionsYear1 |
| Qualifying Distributions Year2 | 59007 | QualifyingDistributionsYear2 |
| Qualifying Distributions Year3 | 149531 | QualifyingDistributionsYear3 |
| Qualifying Distributions Year4 | 15739 | QualifyingDistributionsYear4 |
| Net Noncharitable Assets | 14775 | NetNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 0 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 100234 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| More Than100 Spent | false | MoreThan100Spent |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | IL | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | true | PrivateOperatingFoundation |
| New Substantial Contributors | true | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | RAVENFOUNDATION.ORG | WebsiteAddress |
| Books In Care Of Person Name | SUZANNE ROSS | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 2245217200 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2624 PATRIOT | AddressLine1 |
| City | GLENVIEW | City |
| State | IL | State |
| ZIP Code | 60026 | ZIPCode |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| KEITH ROSS | ||||||||
| 2624 PATRIOT DR | GLENVIEW | IL | 60026 | CO-FOUNDER | 10.00 | 0 | 0 | 0 |
| SUZANNE ROSS | ||||||||
| 2624 PATRIOT DR | GLENVIEW | IL | 60026 | CO-FOUNDER | 20.00 | 0 | 0 | 0 |
| ADAM ERICKSEN | ||||||||
| 2624 PATRIOT DR | GLENVIEW | IL | 60026 | EDUCATION DI | 35.00 | 55000 | 8478 | 0 |
| MAURA JUNIUS | ||||||||
| 2624 PATRIOT DR | GLENVIEW | IL | 60026 | MARKETING DI | 35.00 | 74500 | 4341 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | GRANT TO CHARITABLE ORGANIZATION PREACHING FOR PEACE | Description1 |
| Expenses1 | 3729 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 15000 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 15000 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 15000 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 225 | CashDeemedCharitable |
| Net Noncharitable Assets | 14775 | NetNoncharitableAssets |
| Minimum Investment Return | 739 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | X | Sect4942j3j5FndtnAndFrgnOrg |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 100234 | ExpensesAndContributions |
| Qualifying Distributions | 100234 | QualifyingDistributions |
| Adj Qualifying Distributions | 100234 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | 100234 | QualifyingDistributions |
| Remaining Distri From Corpus | 100234 | RemainingDistriFromCorpus |
| Total Corpus | 100234 | TotalCorpus |
Private Operating Foundations PrivateOperatingFoundations
| Field | Value | IRS element (for citing) |
|---|---|---|
| Date Of Ruling | 2007-03-27 | DateOfRuling |
| Section4942j5 | X | Section4942j5 |
Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 0 | CurrentYear |
| Total | 0 | Total |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 100234 | CurrentYear |
| Year1 | 101770 | Year1 |
| Year2 | 59008 | Year2 |
| Year3 | 149535 | Year3 |
| Total | 410547 | Total |
Qlfy Distri Made Directly QlfyDistriMadeDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 100234 | CurrentYear |
| Year1 | 101770 | Year1 |
| Year2 | 59008 | Year2 |
| Year3 | 149535 | Year3 |
| Total | 410547 | Total |
Two Thirds Min Invst Return TwoThirdsMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 493 | CurrentYear |
| Total | 493 | Total |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (3 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType | Address Line2ContributorAddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| 1 | KEITH ROSS | 2624 PATRIOT | GLENVIEW | IL | 60026 | 185000 | X | |
| 2 | SUZANNE ROSS | 2624 PATRIOT | GLENVIEW | IL | 60026 | 20000 | X | |
| 3 | IMITATIO | ONE LETTERMAN DR | SAN FRANCISCO | CA | 94129 | 40000 | X | BLDG C SUITE 400 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $750 | Amount |
Amortization Schedule AmortizationSchedule
Amortization Amortization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Amortized Expenses | ORGANIZATION COSTS | DescriptionOfAmortizedExpenses |
| Date Acquired Completed Expended | 2007-04-01 | DateAcquiredCompletedExpended |
| Amount Amortized | 5279 | AmountAmortized |
| Deduction For Prior Years | 1320 | DeductionForPriorYears |
| Amortization Period | 15.0000 | AmortizationPeriod |
| Current Year Amortization | 352 | CurrentYearAmortization |
| Total Amount Of Amortization | 1672 | TotalAmountOfAmortization |
Compensation Explanation CompensationExplanation
Compensation Compensation (4 entries)
| KEITH ROSS |
| SUZANNE ROSS |
| ADAM ERICKSEN |
| MAURA JUNIUS |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Property | PROJECTOR | DescriptionOfProperty |
| Date Acquired | 2007-05-02 | DateAcquired |
| Cost Or Other Basis | 2115 | CostOrOtherBasis |
| Prior Years Depreciation | 1749 | PriorYearsDepreciation |
| Computation Method | 200DB | ComputationMethod |
| Life | 5.0000 | Life |
| Current Year Expense | 244 | CurrentYearExpense |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FIXED ASSETS | CategoryOrItem |
| Cost Or Other Basis | 7394 | CostOrOtherBasis |
| Accumulated Depreciation | 3665 | AccumulatedDepreciation |
| Book Value | 3729 | BookValue |
| EOYFMV | 3729 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (16 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| EXPENSES | ||
| ADVERTISING & PROMOTION | 5541 | |
| AWARD EVENT | 3004 | 3004 |
| BANK FEES | 274 | |
| BOARD COSTS | 4426 | |
| COMPUTER EXP | 732 | |
| EMPLOYEE HEALTH INSURANCE | 15285 | |
| EVENT FACILITIES COSTS | 10300 | 10300 |
| GENEAL INSURANCE | 3727 | |
| INTERNET EXPENSE | 1211 | |
| MEALS & ENT | 1463 | |
| OFFICE COSTS | 2227 | |
| PAYROLL PROCESSING | 649 | |
| PROJECT COSTS- | 54563 | 54563 |
| PUBLISHING COSTS | 1979 | 1979 |
| PRODUCTION COSTS | 8492 | 8491 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT OTHER PROFESSIONAL FEES | Category |
| Amount | $240 | Amount |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode |
|---|---|---|---|
| KEITH ROSS | |||
| 2624 PATRIOT DR | GLENVIEW | IL | 60026 |
| SUZANNE ROSS | |||
| 2624 PATRIOT DR | GLENVIEW | IL | 60026 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE REGISTRATION | Category |
| Amount | $25 | Amount |
Comments