2025-04-23T18:08:06-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2023-07-01 770365627 RESOURCE AREA FOR TEACHING RESO 4084511420 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 JASON MORRELLA CEO 4084511420 2025-03-27 1 0 BRIAN YACKER P00401346 9492222999 2025-03-27 2023 2025-03-06 01:10:19Z JASON MORRELLA 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 6162125 0 X WWW.RAFT.NET X 1994 CA 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 56 6412 0 0 1086031 1282409 80010 101358 391942 535899 935155 1227536 2493138 3147202 0 0 0 0 2818290 2827697 0 0 242388 798656 873112 3616946 3700809 -1123808 -553607 15667840 15604954 445510 488860 15222330 15116094 RAFT BELIEVES THAT EVERY CHILD DESERVES A POWERFUL LEARNING EXPERIENCE. RAFT'S MISSION IS TO INSPIRE JOY THROUGH HANDS ON LEARNING. 0 0 1165014 782088 RESOURCE CENTERS & WEBSITE: AT RAFT'S VOLUNTEER RESOURCE CENTER, APPROXIMATELY 370 TONS OF DONATED MATERIALS ARE SORTED, PREPPED, AND ASSEMBLED INTO HANDS-ON LEARNING KITS BY 6,412 COMMUNITY VOLUNTEERS ANNUALLY. OUR WEBSITE AND ONLINE STORE OFFER 24/7 ACCESS TO EDUCATIONAL RESOURCES AND RAFT EXPANDED THE ONLINE STORE AND OFFERED CURBSIDE PICK-UP AND DELIVERY OPTIONS. 1060631 574462 EDUCATION PROGRAMS: WE HAVE VARIOUS EDUCATION PROGRAMS. WE HAVE ENGAGED OVER 10,000 STUDENTS IN HANDS-ON STEAM LEARNING AND 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), DELIVERED STEAMDREAM BOX (SUMMER PROGRAM MATERIALS), AND DEVELOPED 10 NEW STEAM LEARNING ACTIVITY KITS. 886518 MATERIALS DONATION/UPCYCLING PROGRAM: RAFT DIVERTS OVER 370 CUBIC TONS OF MATERIALS FROM LANDFILLS ANNUALLY AND MAKES THEM AVAILABLE FOR MEMBERS IN OUR RESOURCE CENTER. RAFT WORKS WITH 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. 3112163 1 1 0 0 0 0 0 0 0 1 1 0 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 18 0 1 56 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 MOHAMMAD ANWAR TAMIZ 4082137214 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 JASON MORRELLA CEO 40.00 X 217567 0 20025 DAVID MUILENBURG CHIEF OPERATIONS OFFICER 40.00 X 155875 0 16737 NIVISHA MEHTA CHIEF DEVEL. OFFICER (UNTIL 09/2023) 40.00 X 123561 0 31457 SAMUEL DAVENPORT SENIOR DIRECTOR OF EDUCATION 40.00 X 152000 0 393 MOHAMMAD ANWAR TAMIZ FINANCE DIRECTOR 40.00 X 109462 0 7417 STEFAN RAFFL CHAIR 1.00 X X 0 0 0 SUNDI SUNDARESH VICE CHAIR 1.00 X X 0 0 0 KELI FORSMAN TREASURER 1.00 X X 0 0 0 ALICIA MOORE SECRETARY 1.00 X 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 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 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 BETH HOWE BOARD MEMBER 1.00 X 0 0 0 JOO TANAKA BOARD MEMBER 1.00 X 0 0 0 CHARU GUPTA BOARD MEMBER 1.00 X 0 0 0 758465 0 76029 5 0 1 0 0 368211 97072 817126 1282409 MEMBERSHIP DUES 611710 86549 86549 WORKSHOP FEES 611710 11225 11225 STORE 611710 3584 3584 101358 365008 365008 1100 0 1100 1100 1100 2983537 2812646 170891 170891 170891 0 368211 33156 -33156 -33156 1423213 169121 1254092 1254092 REBATES 900099 5000 5000 STORAGE 900099 500 500 5500 3147202 1356550 0 508243 689392 551853 113332 24207 1768673 1506259 115431 146983 175830 159185 6584 10061 193802 163671 17378 12753 42120 42120 37409 37409 90182 62231 2727 25224 14198 11775 2423 34872 31847 20 3005 123879 118539 4032 1308 16892 13574 139 3179 13398 7956 1235 4207 237239 233747 1667 1825 85786 83187 1279 1320 REPAIRS & MAINTENANCE 80928 80392 250 286 SUPPLIES 70890 67421 27 3442 COMMUNICATIONS 25319 20526 2628 2165 3700809 3112163 346258 242388 144974 88864 17217 225 61550 223258 167263 168632 47308 46022 7288014 2701102 4470924 4586912 10758604 10491041 15667840 15604954 251377 314312 194133 174548 445510 488860 X 14948779 14862422 273551 253672 15222330 15116094 15667840 15604954 -553607 447371 0 X X 0 1 X 1 0 X 1253114 1066406 1020753 1086031 1282409 5708713 1253114 1066406 1020753 1086031 1282409 5708713 201145 5507568 89690 206256 206414 391942 365008 1259310 5500 5500 6973523 13289676 0.78980 0.84240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STORAGE - 2023 AMOUNT: $ 500. REBATES - 2023 AMOUNT: $ 5,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 228023 9126 237149 219452 8571 228023 227548 -8096 219452 199113 28435 227548 194004 5109 199313 0.00000 0.41062 0.58938 0 0 1531240 1531240 5000967 2164252 2836715 755807 536850 218957 4586912 X 3559684 447371 2520 449891 3109793 37409 37409 3147202 3665920 2520 2520 3663400 37409 37409 3700809 PART V, LINE 4: WE INTEND TO USE THE ENDOWMENT FUND FOR PROGRAM ACTIVITIES. 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, 2024 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, 2024 OR 2023. 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. MAGICAL MAKER ANNUAL FUNDRAISER 368211 368211 10663 22493 368211 368211 10663 22493 33156 -33156 X X 0 0 0 0 0 0 0 0 0 JASON MORRELLA CEO 197567 0 20000 0 0 0 12602 0 7423 0 237592 0 0 0 DAVID MUILENBURG CHIEF OPERATIONS OFFICER 151375 0 4500 0 0 0 9370 0 7367 0 172612 0 0 0 NIVISHA MEHTA CHIEF DEVEL. OFFICER (UNTIL 09/2023) 121061 0 2500 0 0 0 8344 0 23113 0 155018 0 0 0 SAMUEL DAVENPORT SENIOR DIRECTOR OF EDUCATION 149000 0 3000 0 0 0 0 0 393 0 152393 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 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 DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.