Nonprofit · EIN 22-2480417
RAFTS INC
Tax-exempt · LEWISTON, ME 04240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,687,478 | $2,542,325 | $145,153 | $1,417,519 | $376,411 | $1,041,108 |
| June 30, 2024 | 990 | $2,711,173 | $2,476,072 | $235,101 | $1,146,493 | $249,899 | $896,594 |
| June 30, 2023 | 990 | $2,457,101 | $2,303,199 | $153,902 | $884,282 | $221,548 | $662,734 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,675,919
- Investment income
- $11,559
- Net gain from sales of assets
- $11,500
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,515,573
- Salaries, compensation and benefits (total)
- $2,003,459
- Professional fundraising fees
- $0
- Accounting fees
- $60,120
- Occupancy
- $124,335
- Travel
- $9,814
- Depreciation
- $58,678
- Program services (functional)
- $2,396,781
- Management and general (functional)
- $145,544
Balance sheet and other
- Total assets, start of year
- $1,146,493
- Total assets, end of year
- $1,417,519
- Total liabilities, end of year
- $376,411
- Net assets, end of year
- $1,041,108
- Land, buildings and equipment
- $359,453
- Gross receipts
- $2,687,478
- Employees
- 42
- Year formed
- 1984
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HAROLD STROUT | ADMINISTRATOR Officer, Highest-paid employee | 40 | $120,891 | $14,650 |
| ANDREW WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RCC BUSINESS SERVICES | TREASURER Trustee or director | 0 | $0 | $0 |
| CHRISTINE RAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REINETTE KENT | PRESIDENTSECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HAROLD STROUT | ADMINISTRATOR Officer, Highest-paid employee | 40 | $120,317 | $13,081 |
| ANDREW WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE RAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS DUBOIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REINETTE KENT | PRESIDENTSECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HAROLD STROUT | ADMINISTRATOR Officer, Highest-paid employee | 40 | $116,720 | $15,269 |
| ANDREW WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE RAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS DUBOIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REINETTE KENT | PRESIDENTSECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 47 WOOD ST, LEWISTON, ME 04240-6844
- In care of
- % HAROLD STROUT
- Principal officer (990 for 2024)
- HAROLD STROUT, 47 WOOD STREET, LEWISTON, ME 04240
- Signed the 990
- HAROLD STROUT, ADMINISTRATOR
- Phone
- (207) 892-2234
- Return prepared by
- Milliken Perkins & Brunelle
Mission
PROVIDE HOUSING AND CARE TO MENTAL HEALTH CLIENTS AT THREE GROUP HOME SETTINGS
Program accomplishments
- PROVIDE HOUSING AND CARE TO MENTAL HEALTH CLIENTS AT THREE GROUP HOME SETTINGSExpenses $2,396,781 · revenue $2,687,419
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2480417
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,417,519
- Income (IRS master file)
- $2,687,478
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,687,478 | $2,542,325 | $1,417,519 | IRS |
| 990 | June 2024 | $2,711,173 | $2,476,072 | $1,146,493 | XML |
| 990 | June 2023 | $2,457,101 | $2,303,199 | $884,282 | XML |
| 990 | June 2022 | $2,292,739 | $2,157,345 | $849,865 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2480417).
Questions about RAFTS INC
- What is the EIN of RAFTS INC?
- The employer identification number (EIN) of RAFTS INC is 22-2480417.
- Is RAFTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to RAFTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAFTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAFTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAFTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RAFTS INC?
- The 990 for the year ended June 30, 2025 names HAROLD STROUT.
- Who are the officers and directors of RAFTS INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $120,891 (HAROLD STROUT, ADMINISTRATOR).
- How much revenue does RAFTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,687,478, expenses of $2,542,325 and total assets of $1,417,519 at year end.
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