Overview
What is Rave Foundation?
Rave Foundation is a nonprofit organization based in Seattle, Washington, with a headquarters located at 406 Occidental Ave S, 98104. Their primary mission is to construct and establish 26 soccer fields, each the size of a tennis court, by 2026. These fields aim to serve as safe and inclusive spaces for children to engage in physical activity and become active members of their communities. The organization continues to expand its reach by planning new field locations and developing funding opportunities. As of now, Rave Foundation is staffed by a team of three dedicated individuals.
Official website here: www.ravefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Rave Foundation has achieved an overall score of 81%, primarily based on its Accountability & Finance metrics, which reflects a strong commitment to transparency and governance. The organization boasts a fully independent board, with 16 members, and has no material diversion of assets, indicating sound financial management practices.
The foundation's program expense ratio of 73.45% demonstrates a significant allocation of resources towards its mission-related activities, which is a positive indicator for supporters. However, while the foundation has comprehensive policies in place, it lacks a whistleblower policy, which could pose a risk to accountability and oversight.
Overall, Rave Foundation shows a solid performance in financial accountability and governance, making it a reliable choice for donors seeking to support impactful nonprofit organizations. The presence of a few minor limitations, such as the missing whistleblower policy, suggests areas for improvement that could enhance its overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Rave Foundation legitimate?
Rave Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rave Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $163,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,128
For more financial information, click here
Official website here: www.ravefoundation.org
What is the mission statement of Rave Foundation?
The RAVE Foundation's mission is centered around constructing small soccer fields for free play, with a vision to inspire youth and strengthen communities. Their activities involve site planning, fund development, and researching potential field locations. By 2026, they aim to build 26 tennis court-sized fields in various communities. This initiative provides a safe and inclusive space for children to engage in physical activity and actively contribute to their communities.
Official website here: www.ravefoundation.org
Who is the CEO of Rave Foundation?
Ashley Fosberg is the Executive Director of Rave Foundation.
Official website here: www.ravefoundation.org
What is the revenue of Rave Foundation?
Rave Foundation's revenue in 2022 was $1,260,364.
Official website here: www.ravefoundation.org
Who are the executives of Rave Foundation and what are their salaries?
The average compensation at Rave Foundation during 2022 was $78,918. There are 3 employees and 75 volunteers at Rave Foundation.
Here are 18 key members and their salaries:
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Official website here: www.ravefoundation.org
Where can I find the form 990 for Rave Foundation?
Rave Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ravefoundation.org
Learn more at the official website: www.ravefoundation.org
Mission Statement of Rave Foundation
Rave Foundation, an organization dedicated to enriching communities, is on a mission to construct small soccer fields for free play. Their primary goal is to utilize soccer as a tool to inspire youth and foster stronger community bonds. By 2026, they aim to build 26 tennis court-sized soccer fields in various communities, providing a safe and inclusive space for children to engage in physical activity and actively participate in their communities as stakeholders.
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Impact
July, 2024
Rave Foundation's impact lies in its mission to build small soccer fields for free play and invest in programs that use soccer as a vehicle to inspire youth and strengthen communities. The foundation has constructed and continues to build 26 tennis court-sized soccer fields in communities in Seattle by 2026, providing children with a safe and inclusive place to play freely and be physically active. Through its work, Rave Foundation is creating opportunities for youth to engage in positive recreational activities, fostering community connections, and promoting physical well-being.
This information is meant to be a general summary of Rave Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,454,200
Assets and Liabilities:
- Total Assets: $303,534
- Total Liabilities: $0
- Net Assets: $303,534
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Organization Details
Founding Year
2013
Phone
(206) 512-1268Principal Officer
Ashley Fosberg
Main Address
406 Occidental Ave S, Seattle, WA, 98104
Website
www.ravefoundation.orgNTEE Category
Code: N99 - Recreation
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