2024-05-10T11:56:11-05:00 2023-06-30 571157523 APRIO LLP 2002 SUMMIT BOULEVARD SUITE 120 ATLANTA GA 30319 990 2022-07-01 770365627 RESOURCE AREA FOR TEACHING RESO 4084511420 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 JASON MORRELLA CEO 4084511420 2024-05-10 1 JASON MORRELLA 999009999 1 STACY CULLEN P00974308 4048929651 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON MORRELLA 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 6092978 0 X WWW.RAFT.NET X 1994 CA RAFT'S MISSION IS TO HELP EDUCATORS TRANSFORM A CHILD'S LEARNING EXPERIENCE THROUGH HANDS-ON EDUCATION TO ONE THAT INSPIRES THE JOY AND DISCOVERY OF LEARNING. 18 18 62 3631 0 0 1408146 1086031 70340 80010 843929 391942 702989 935155 3025404 2493138 0 0 0 0 2530414 2818290 0 0 282934 836807 798656 3367221 3616946 -341817 -1123808 16657654 15667840 434745 445510 16222909 15222330 X RAFT BELIEVES THAT EVERY CHILD DESERVES A POWERFUL LEARNING EXPERIENCE. RAFT'S MISSION IS TO INSPIRE JOY THROUGH HANDS ON LEARNING. 0 0 900393 160783 RAFT IS PROUD TO HAVE SUPPORTED OUR EDUCATION COMMUNITY THIS PAST YEAR. OUR ACCOMPLISHMENTS INCLUDE:WE ENGAGED OVER 10,000 STUDENTS IN HANDS-ON STEAM LEARNING FACILITATED MORE THAN 100 HANDS-ON STEAM EVENTS AT SCHOOLS AND COMMUNITY CENTERS WITH OUR MAKER MOBILE PROGRAM. SERVED OVER 400 STUDENTS IN EXTENDED LEARNING PROGRAMMING (SUMMER SCHOOL) AND DEVELOPED 5 NEW STEAM LEARNING ACTIVITY KITS. EDUCATORS INCORPORATE HANDS-ON LEARNING IN THE DIGITAL CLASSROOM. OPEN MEMBERSHIP TO ALL SO OUR AFFORDABLE RESOURCES ARE ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE. EFFECTIVE LAST YEAR, ALL PARENTS, EDUCATORS, ADMINISTRATORS, AND EVERYONE HELPING EDUCATE IN THE TIMES OF DISTANCE LEARNING ARE ELIGIBLE FOR A RAFT MEMBERSHIP. VIRTUAL RAFT MAKER NIGHTS: THESE EVENTS WELCOMED EDUCATORS, STUDENTS, AND THEIR FAMILIES TO ENGAGE IN THE COMMUNITY BY BUILDING THE RAFT STEAM PROJECT KIT TOGETHER AND CONNECTING IN THE DISCUSSION ABOUT FUN, STEAM ELEMENTS TAUGHT THROUGH THE ACTIVITY AND FUN VIDEOS. ENGINEERING DESIGN CHALLENGES: TO HELP STUDENTS STAY ENGAGED AND CREATIVE, RAFT STAFF CREATED ENGINEERING DESIGN CHALLENGES. THESE CHALLENGES PROPOSE A FUN CHALLENGE, SUCH AS CATCHING A LEPRECHAUN, AND STUDENTS USE HOUSEHOLD ITEMS AND THEIR CREATIVITY TO SOLVE THE CHALLENGE. MAKERSPACE BUILDS AND MAKER MOBILE VISITS SCHOOLS: RAFT VISITS SCHOOLS TO HOST MAKERSPACE BUILDS AND THE RAFT MAKER MOBILE BRINGS MATERIALS TO SCHOOL TO HOST ENGAGING, HANDS-ON ACTIVITIES. AFTER THESE EVENTS, STUDENTS REPORT ENJOYING THE ACTIVITIES AND FEEL CONFIDENT WITH THEIR WORK. 1800786 962325 AT RAFT'S VOLUNTEER RESOURCE CENTER APPROXIMATELY 300 TONS OF DONATED MATERIALS ARE SORTED, PREPPED, AND ASSEMBLED INTO HANDS-ON LEARNING KITS BY APPROXIMATELY 3,631 COMMUNITY VOLUNTEERS ANNUALLY. OUR WEBSITE AND ONLINE STORE OFFER 24/7 ACCESS TO EDUCATIONAL RESOURCES AND RAFT EXPANDED OUR ONLINE STORE AND OFFERED CURBSIDE PICK-UP AND DELIVERY OPTIONS.IN 2020, RAFT OPENED OUR MEMBERSHIP TO PARENTS AND GUARDIANS TO CONTINUE LEARNING AT HOME. RAFT DEVELOPED OVER 120 NEW, FREE LEARNING ACTIVITIES AVAILABLE ONLINE TO GUIDE STUDENTS THROUGH HANDS-ON LEARNING AT HOME USING COMMON HOUSEHOLD MATERIALS WITHOUT THE NEED TO PURCHASE 300131 RAFT DIVERTS OVER 300 CUBIC TONS OF MATERIALS FROM LANDFILLS ANNUALLY AND MAKES THEM AVAILABLE FOR MEMBERS IN OUR RESOURCE CENTER. RAFT HAS WORKED WITH 240 BAY AREA COMPANIES TO COLLECT AND UPCYCLE MATERIALS THEY NO LONGER NEED, FROM OFFICE SUPPLIES TO LAB EQUIPMENT, SO THAT RAFT CAN REPURPOSE THEM INTO HANDS-ON LEARNING MATERIALS. MEMBERS CAN ALSO BUY THEM IN BULK TO CREATE THEIR OWN LEARNING MATERIALS. SINCE BEING FOUNDED IN 1994, RAFT HAS RECEIVED OVER 10 MILLION CUBIC FEET OF DONATED MATERIALS. RAFT ADDRESSES EDUCATORS' NEEDS AND PROVIDES EDUCATIONAL MATERIALS THAT FULFILL THE NECESSARY STANDARDS TO PREPARE STUDENTS FOR FUTURE CAREERS. 3001310 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ANWAR TAMIZ 4082137214 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 STEFAN RAFFL CHAIR PERSON 1.00 X X 0 0 0 SUNDI SUNDARESH VICE CHAIR PERSON 1.00 X X 0 0 0 KELI FORSMAN TREASURER 1.00 X X 0 0 0 SHARON HUTCHINS SECRETARY 1.00 X X 0 0 0 CAROLYN CARHART-QUEZADA BOARD MEMBER 1.00 X 0 0 0 KEVIN FRIED BOARD MEMBER 1.00 X 0 0 0 JILLIAN FORUSZ BOARD MEMBER 1.00 X 0 0 0 JIM HARRINGTON BOARD MEMBER 1.00 X 0 0 0 EDY MOURTOS BOARD MEMBER 1.00 X 0 0 0 VIDYADHAR PHALKE BOARD MEMBER 1.00 X 0 0 0 KAREN ROHDE BOARD MEMBER 1.00 X 0 0 0 RYAN NICHOLSON BOARD MEMBER 1.00 X 0 0 0 FREDERIC CALDWELL BOARD MEMBER 1.00 X 0 0 0 YOSUKE OGATA BOARD MEMBER 1.00 X 0 0 0 ALICIA MOORE BOARD MEMBER 1.00 X 0 0 0 JAYANTI TAMBLE ROY BOARD MEMBER 1.00 X 0 0 0 LORETTA LI-SEVILLA BOARD MEMBER 1.00 X 0 0 0 CARLOS P MINO BOARD MEMBER 1.00 X 0 0 0 JASON MORRELLA CEO 40.00 X 217988 0 18420 NIVISHA MEHTA CHIEF DEVELOPMENT OFFICER 40.00 X 157622 0 17034 DAVID MUILENBURG CHIEF OPERATIONS OFFICER 40.00 X 155510 0 15645 SAMUEL DAVENPORT SR DIRECTOR OF EDUCATION 40.00 X 152000 0 284 NAA ANIM-APPIAH FINANCE DIRECTOR 40.00 X 105451 0 11944 788571 0 63327 1 0 1 0 0 360957 135400 589674 1086031 MEMBERSHIP DUES 611710 71760 71760 WORKSHOP FEES 611710 8250 8250 80010 319205 319205 3455488 3382751 72737 72737 72737 0 360957 35206 -35206 -35206 1144208 181883 962325 962325 OTHER INCOME 611710 8036 8036 8036 2493138 1123108 0 283999 788571 643288 69448 75835 1599183 1304555 140839 153789 242049 205249 17799 19001 188487 155734 16712 16041 36413 34500 1913 40875 40875 43696 40558 3138 3393 3393 56525 54366 53 2106 24673 19420 2908 2345 46914 46914 19561 19561 17714 16755 80 879 236010 226027 4935 5048 73846 68848 2159 2839 REPAIRS AND MAINTENANCE 81003 80632 371 UTILITIES 77734 77734 FINANCIAL SERVICE CHARG 23268 23268 POSTAGE 12058 12058 4973 2950 2023 3616946 3001310 332702 282934 163911 144974 19243 17217 115791 61550 141692 167263 40232 47308 6939943 2469019 4366446 4470924 11810339 10758604 16657654 15667840 255546 251377 179199 194133 434745 445510 X 15923320 14948779 299589 273551 16222909 15222330 16657654 15667840 -1123808 123229 0 X X 0 1 X 1 0 X 735841 1253114 1066406 1020753 1086031 5162145 60305 126600 43286 64470 80010 374671 796146 1379714 1109692 1085223 1166041 5536816 76264 5460552 51319 89690 206256 206414 391942 945621 6482437 12837555 0.84240 0.86860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 219452 8571 228023 227548 -8096 219452 199113 28435 227548 194004 5109 199113 186847 7157 194004 0 0 1531240 1531240 4449629 1996333 2453296 659842 472686 187156 299232 299232 4470924 TD AMERITRADE POOLED FUNDS 2139189 C MORGAN STANLEY POOLED FUNDS 8619415 C 10758604 X 2591969 123229 16477 139706 2452263 40875 40875 2493138 3592548 16477 16477 3576071 40875 40875 3616946 PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO ASSIST THE ORGANIZATION WITH OPERATIONS AND CAPITAL EXPENDITURES AS NEEDS ARISE. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION USES THE "MORE LIKELY THAN NOT" CRITERION FOR RECOGNIZING THE INCOME TAX BENEFIT OF ITS INCOME TAX EXEMPT STATUS AND ESTABLISHING MEASUREMENT CRITERIA FOR LIABILITIES RESULTING FROM THE LOSS OF THAT STATUS. THE ORGANIZATION BELIEVES ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY ACCRUALS FOR INTEREST AND PENALTIES AT JUNE 30, 2023 FOR UNCERTAIN INCOME TAX POSITIONS. IN THE EVENT THE ORGANIZATION SHOULD NEED TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX LIABILITIES, THIS AMOUNT WILL BE RECORDED AS AN ACCRUED LIABILITY AND AN INCREASE TO INCOME TAX EXPENSE. ALTHOUGH THE ORGANIZATION IS RECOGNIZED AS TAX EXEMPT, IT IS STILL LIABLE FOR INCOME TAX ON ITS UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE ORGANIZATION DOES NOT BELIEVE IT HAS UBTI THAT WOULD HAVE RESULTED IN AN INCOME TAX LIABILITY AT JUNE 30, 2023 OR 2022. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990) IS SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN IS SUBJECT TO EXAMINATION, GENERALLY FOR FOUR YEARS AFTER IT IS FILED WITH THE FRANCHISE TAX BOARD. ANNUAL FUNDRAISING EVENT 360957 360957 35206 360957 360957 35206 35206 -35206 X X 0 0 0 0 0 0 0 0 0 JASON MORRELLA CEO 189414 0 28574 0 0 0 12139 0 6281 0 236408 0 0 0 NIVISHA MEHTA CHIEF DEVELOPMENT OFFICER 154622 0 3000 0 0 0 10493 0 6541 0 174656 0 0 0 DAVID MUILENBURG CHIEF OPERATIONS OFFICER 151510 0 4000 0 0 0 9364 0 6281 0 171155 0 0 0 SAMUEL DAVENPORT SR DIRECTOR OF EDUCATION 152000 0 0 0 0 0 0 0 284 0 152284 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVEIEWED BY THE CEO AND THEN BY THE AUDIT COMMITTEE. UPON THEIR APPROVAL THE FORM IS EMAILED TO ALL MEMBERS OF THE BOARD WITH THE REQUEST FOR REVIEW BY A CERTAIN DEADLINE. ANY QUESTIONS ARISING DURING THIS REVIEW PROCESS ARE RESOLVED PRIOR TO FILING OF THE FORM. IF NO COMMENTS ARE RECEIVED BY THE SPECIFIED DEADLINE IT'S ASSUMED THAT NO CHANGES NEED TO BE MADE AND THE FORM IS FILED. THE APPROVAL OF FORM 990 IS THEN DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD ANNUALLY AND THE BEGINNING OF FISCAL YEAR. BOARD MEMBERS ARE REQUIRED TO RETURN THE SIGNED ACKNOWLEDGEMENT TO THE CEO. ANNUAL CONFLICT OF INTEREST ACKNOWLEDGEMENTS ARE STORED AT THE ORGANIZATION'S OFFICE LOCATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS ADOPTED A COMPENSATION REVIEW POLICY TO FACILITATE ITS COMPLIANCE WITH CALIFORNIA AND FEDERAL LAW RELATING TO COMPENSATION OF SENIOR MANAGEMENT. THE ORGANIZATION SUBSCRIBES TO AN ANNUAL NONPROFIT SALARY SURVEY GUIDE. THIS GUIDE IS FORWARDED TO THE EITHER THE CHAIR OF THE BOARD OR A BOARD MEMBER WHO HAS THE APPROPRIATE HUMAN RESOURCES EXPERIENCE TO EVALUATE THE COMPARABLE MARKET-BASED COMPENSATION DATA FOR THE CEO, THE HEAD OF FINANCE AND ANY OTHER PERSONS WHO ARE CONSIDERED "KEY EMPLOYEES" FOR THE PURPOSES OF FORM 990 REPORTING. THE BOARD APPROVES THE COMPENSATION FOR THESE INDIVIDUALS AFTER REVIEWING THE COMPARABILITY DATA AND DOCUMENTS HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN ACCORDANCE WITH THE COMPENSATION REVIEW POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ANY PROCESSES FROM THE PRIOR YEAR.