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Nonprofiteer
← RALEIGH RESCUE MISSION FOUNDATION INC

Form 990 for tax year 2023

Filed by RALEIGH RESCUE MISSION FOUNDATION INC.

Totals

Total revenue
$14,563,166
Total expenses
$604,927
Contributions and grants received
$13,396,405
Grants paid
$115,375
Program service revenue
$0
Investment income
$1,166,761
Other revenue
$0
Total assets, end of year
$23,950,261
Total liabilities, end of year
$557,157
Net assets or fund balances, end of year
$23,393,104
Program services expenses (Part IX)
$119,740
Management and general expenses
$79,526
Fundraising expenses
$405,661
Program service expenses (Part III)
$119,740

Program services were 19.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $6,196,278

  • 1f · All other contributions, gifts and grants

    $7,200,127

  • 1g · Noncash contributions included above

    $4,365

  • 3 · Investment income

    total $313,400 · excluded $313,400

  • 7a · Gross sales of assets other than inventory

    securities $1,744,774

  • 7b · Less cost or other basis and sales expenses

    securities $891,413

  • 7c · Gain or loss

    securities $853,361

  • 7d · Net gain or loss

    total $853,361 · excluded $853,361

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,375 · program services $115,375

  • 11b · Fees: legal

    total $11,367 · management and general $11,367

  • 11c · Fees: accounting

    total $44,835 · management and general $44,835

  • 11f · Fees: investment management

    total $23,324 · management and general $23,324

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $405,661 · fundraising $405,661

  • 24b · Other expenses: IN-KIND PROGRAM EXPENSE

    total $4,365 · program services $4,365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $502,156 · end of year $426,548

  • 2 · Savings and temporary cash investments

    beginning of year $1,516,425 · end of year $12,720,038

  • 3 · Pledges and grants receivable

    beginning of year $3,769,363 · end of year $4,855,241

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,472 · end of year $8,974

  • 10a · Land, buildings and equipment: cost or other basis

    $65,312

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $65,312

  • 12 · Investments: other securities

    beginning of year $3,636,074 · end of year $4,322,351

  • 15 · Other assets

    beginning of year $1,046,573 · end of year $1,551,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $548,108 · end of year $29,040

  • 25 · Other liabilities

    beginning of year $0 · end of year $528,117

  • 27 · Net assets without donor restrictions

    beginning of year $9,644,461 · end of year $16,814,137

  • 28 · Net assets with donor restrictions

    beginning of year $280,494 · end of year $6,578,967

Mission and programs · 2023

Mission

TO PROMOTE AND PROVIDE FINANCIAL SUPPORT TO RALEIGH RESCUE MISSION, INC.

  • PROVIDE FINANCIAL SUPPORT TO RALEIGH RESCUE MISSION, INC.IN APRIL 2024, RALEIGH RESCUE MISSION FOUNDATION MOVED INTO THE PUBLIC PHASE OF THEIR CAPITAL CAMPAIGN WHICH WILL HELP BUILD A NEW WOMEN'S AND CHILDREN'S FACILITY.

    Expenses $119,740 · Grants $115,375

As filed on the 2023 return.

Listed in Part VII

  • George Seamen III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Louis Sinclair

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Caison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Luckett

    CEO

    Total calculated
    $165,342
    From this org
    $0
    From related orgs
    $149,922
    Other
    $15,420
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,922 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,420 related
    Filer's total
    $0 + $165,342 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE OF THE RALEIGH RESCUE MISSION, INC, A RELATED TAX-EXEMPT ORGANIZATION, CONDUCTS AN ANNUAL EVALUATION IN THE SPRING OF EACH YEAR OF THE CEO'S PERFORMANCE AND PROVIDES FEEDBACK TO THE CEO. THE EXECUTIVE COMMITTEE WORKS WITH THE FINANCE COMMITTEE TO ESTABLISH THE CEO AND STAFF COMPENSATION PACKAGE FOR THE UPCOMING YEAR. THE EXECUTIVE COMMITTEE'S PROCESS FOR SETTING THE SALARY OF THE CEO IS PURSUANT TO THE POLICY FOR EXCELLENCE IN COMPENSATION-SETTING AS SET BY THE EVANGELICAL COUNCIL OF FINANCIAL ACCOUNTABILITY (ECFA). THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 November 2025
IRS schema version
2023v6.0
Source object
202523089349304107

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