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Nonprofit · EIN 85-4232393

RASM REALTORS CHARITABLE FOUNDATION INC

Tax-exempt · SARASOTA, FL 34232

Financials

$176K$80K2022$227K$170K2023$312K$347K2024
Revenue Expenses · by fiscal year end
Financials of RASM REALTORS CHARITABLE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$311,543$347,000-$35,457$195,249$10,500$184,749
December 31, 2023990$226,979$169,741$57,238$220,206$0$220,206
December 31, 2022990$175,532$80,023$95,509$162,968$0$162,968
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$284,080
Program service revenue
$0
Investment income
$8,322
Net income from fundraising events
$19,141
Other revenue
$19,141

Expenses

Grants and similar amounts paid
$346,151
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$346,151
Management and general (functional)
$849

Balance sheet and other

Total assets, start of year
$220,206
Total assets, end of year
$195,249
Total liabilities, end of year
$10,500
Net assets, end of year
$184,749
Net assets without donor restrictions
$163,295
Net assets with donor restrictions
$21,454
Gross receipts
$344,853
Employees
0
Volunteers
40
Year formed
2020
State of legal domicile
FL

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Jeff ArakelianCEO
Officer
0.5$0$238,000$7,503
Brian TresidderPresident
Trustee or director, Officer
0.5$0$0$0
Tony BarrettPresident-Elect
Trustee or director, Officer
0.5$0$0$0
Debi ReynoldsVice President
Trustee or director, Officer
0.5$0$0$0
Anita LambertTreasurer
Trustee or director, Officer
0.5$0$0$0
David ClappDirector
Trustee or director
0.5$0$0$0
David CrawfordDirector
Trustee or director
0.5$0$0$0
Alex KrummDirector
Trustee or director
0.5$0$0$0
Brian PartieDirector
Trustee or director
0.5$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Arakelian JeffCEO
Officer
0.5$0$216,000$15,896
Veldkamp TonyPresident
Trustee or director, Officer
0.5$0$0$0
Tresidder BrianPresident-Elect
Trustee or director, Officer
0.5$0$0$0
Barrett TonyVice President
Trustee or director, Officer
0.5$0$0$0
Crawford DavidTreasurer
Trustee or director, Officer
0.5$0$0$0
Reynolds DebiDirector
Trustee or director
0.5$0$0$0
Clapp DavidDirector
Trustee or director
0.5$0$0$0
Partie BrianDirector
Trustee or director
0.5$0$0$0
Krumm AlexDirector
Trustee or director
0.5$0$0$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Arakelian JeffCEO
Trustee or director, Officer
0.5$0$209,000$14,930
Barrett TonyDirector
Trustee or director
0.5$0$0$0
Clapp DaveDirector
Trustee or director
0.5$0$0$0
Krumm AlexPresident
Officer
0.5$0$0$0
Tresidder BrianVice President
Officer
0.5$0$0$0
Veldkamp TonyPresident-Elect
Officer
0.5$0$0$0
Reynolds DebiTreasurer
Officer
0.5$0$0$0

Address and contacts

Address (IRS master file)
2320 CATTLEMEN RD, SARASOTA, FL 34232-6207
In care of
% JEFF ARAKELIAN
Mailing address (990-N for 2020)
2320 CATTLEMEN ROAD, SARASOTA FL 34232
Principal officer (990 for 2024)
Arakelian Jeff
Principal officer (990-N for 2020)
Jeffrey Arakelain, 2320 CATTLEMEN ROAD, SARASOTA FL 34232
Signed the 990
Arakelian Jeff, CEO
Phone
(941) 952-3400
Return prepared by
CS&L CPAS

Mission

The RRCFs mission is to enhance the quality of life and opportunities in Sarasota and Manatee counties, and support RASM members in need, through the direct gifts of RASM members.

990 for the year ended December 31, 2024

Program accomplishments

  • Provided assistance to 117 individual members who experienced hurricane damage or needed help with medical expenses.
    Expenses $238,546 · grants $238,546
  • Provided 11 donations to local charitable 501(c)3 organizations.
    Expenses $63,605 · grants $63,605
  • Provided 22 college scholarships to local students in the amount of $2,000 each.
    Expenses $44,000 · grants $44,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-4232393
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$195,249
Income (IRS master file)
$344,853

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$311,543$347,000$195,249XML
990December 2023$226,979$169,741$220,206XML
990December 2022$175,532$80,023$162,968XML
990-EZDecember 2021–––IRS
990-N for 2020
Officer: Jeffrey Arakelain
December 31, 2020≤ $50,000 receipts––e-Postcard

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 85-4232393).

Questions about RASM REALTORS CHARITABLE FOUNDATION INC

What is the EIN of RASM REALTORS CHARITABLE FOUNDATION INC?
The employer identification number (EIN) of RASM REALTORS CHARITABLE FOUNDATION INC is 85-4232393.
Is RASM REALTORS CHARITABLE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to RASM REALTORS CHARITABLE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RASM REALTORS CHARITABLE FOUNDATION 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 RASM REALTORS CHARITABLE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RASM REALTORS CHARITABLE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RASM REALTORS CHARITABLE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Arakelian Jeff.
Who are the officers and directors of RASM REALTORS CHARITABLE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does RASM REALTORS CHARITABLE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $311,543, expenses of $347,000 and total assets of $195,249 at year end.

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