Nonprofit · EIN 99-4952023
RAISING FOUNDERS FOUNDATION INC
Tax-exempt · BOWIE, MD 20715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $90,381 | $20,598 | $69,783 | $357 | – | $357 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $90,381
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,222
- Other expenses
- $19,376
- Program services (functional)
- $15,429
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $357
- Total liabilities, end of year
- –
- Net assets, end of year
- $357
- Cash, savings and investments
- $357
- Gross receipts
- $90,381
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carl Gray | Executive Dir. | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 16331 OXFORD CT, BOWIE, MD 20715-4356
- Signed the 990-EZ
- Carl Gray, Executive Director
- Phone
- (240) 467-0131
- Website
- www.raisingfounders.net
- Return prepared by
- Basden Accounting LLC
Mission
At Raising Founders, our mission is to foster the entrepreneurial spirit in urban youth by providing them with the tools, mentorship, and real-world experiences necessary to launch and grow successful businesses.
Program accomplishments
- Our mission is to inspire, educate, and cultivate entrepreneurial spirits in young minds, fostering a generation of innovative leadersExpenses $15,429
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-4952023
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $357
- Income (IRS master file)
- $90,381
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $90,381 | $20,598 | $357 | XML |
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 99-4952023).
Questions about RAISING FOUNDERS FOUNDATION INC
- What is the EIN of RAISING FOUNDERS FOUNDATION INC?
- The employer identification number (EIN) of RAISING FOUNDERS FOUNDATION INC is 99-4952023.
- Is RAISING FOUNDERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to RAISING FOUNDERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAISING FOUNDERS 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 RAISING FOUNDERS 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 RAISING FOUNDERS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of RAISING FOUNDERS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does RAISING FOUNDERS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $90,381, expenses of $20,598 and total assets of $357 at year end.
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