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EIN 42-0925360

The Frank and Margaret Race Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Cedar Rapids
State
Iowa
Year formed
1967
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Frank and Margaret Race Foundation is a private foundation located in Cedar Rapids, IA that primarily funds general support, support of missionaries, pastoral counseling, and bible translation. Pioneer Bible Translators and other organizations have received grants from the foundation which made 11 grants last year.
Total revenues
$4,432
2022
Total expenses
$117,321
2022
Total assets
$2,177,842
2022
Num. employees
n/a

Grants made by The Frank and Margaret Race Foundation

GranteeGrant descriptionAmount
All Nations FamilyGeneral Support$10,000
Standing Stone MinistryPastoral Counseling$5,000
Inner City ImpactGeneral Support$5,000

Personnel at The Frank and Margaret Race Foundation

NameTitleCompensation
Joseph R RusoPresident$0

Financials for The Frank and Margaret Race Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$26,498
Net rental income$0
Net gain from sale of non-inventory assets$-22,377
Gross sales of inventory$0
Miscellaneous revenues$311
Total revenues$4,432

Form 990s for The Frank and Margaret Race Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-30990PFView PDF
2021-122022-05-11990PFView PDF
2020-122021-06-23990PFView PDF
2019-122021-06-09990PFView PDF
2018-122019-12-16990PFView PDF
...and 7 more Form 990s
Data update history
June 8, 2022
Posted financials
Added Form 990PF for fiscal year 2020
October 4, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 21, 2021
Used new vendors
Identified 1 new vendor, including
March 3, 2021
Posted financials
Added Form 990PF for fiscal year 2018
August 9, 2018
Posted financials
Added Form 990PF for fiscal year 2017
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Human services
Characteristics
ChristianReligiousProvides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
222 3rd Ave Se 269
Cedar Rapids, IA 52401
Metro area
Cedar Rapids, IA
Phone
(319) 366-7300
IRS details
EIN
42-0925360
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1967
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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