STRATEGY STUDIO / PUBLIC DATA EXPLORER

RAO FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
RAO FOUNDATION (EIN 45-2665652)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-03-13
IRS object ID
202330729349100203
Schema version
2022v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-03-13T09:24:42-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN822452368PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PW ASSOCIATES PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2496AddressLine1Txt
CityFRISCOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75034ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452665652EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAO FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRAOFBusinessNameControlTxt
Phone2142134903PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13705 VALENCIA CTAddressLine1Txt
CityFLOWER MOUNDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNAGARAJ V RAOPersonNm
Person TitlePRESIDENT/TREASURERPersonTitleTxt
Phone2142134903PhoneNum
Signature2023-03-13SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNAGPersonFirstNm
Person LastRAOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL H PARRISHPreparerPersonNm
PTINP00326664PTIN
Phone9724026170PhoneNum
Preparation2023-03-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$45,764FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$59InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$59InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$100,059TotalRevAndExpnssAmt
Total Net Invst Incm$59TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,400AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$4,400AccountingFeesChrtblPrpsAmt
Deprec And Dpltn Rev And Expnss$578DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Adj Net Incm$578DeprecAndDpltnAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$4,978TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$578TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,400TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$216,875ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$216,875ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$221,853TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$578TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$221,275TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$121,794ExcessRevenueOverExpensesAmt
Net Investment Income$59NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$121,126CashBOYAmt
Cash EOY$25,470CashEOYAmt
Cash EOYFMV$25,470CashEOYFMVAmt
Sav And Temp Cash Invst BOY$45,235SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,294SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,294SavAndTempCashInvstEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$14,456LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$14,456LandBldgEquipAccumDeprecAmt
Land BOY$578LandBOYAmt
Other Assets BOY$619OtherAssetsBOYAmt
Total Assets BOY$167,558TotalAssetsBOYAmt
Total Assets EOY$45,764TotalAssetsEOYAmt
Total Assets EOYFMV$45,764TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$167,558RetainedEarningBOYAmt
Retained Earning EOY$45,764RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$167,558TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$45,764TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$167,558TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$45,764TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$167,558TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$121,794ExcessRevenueOverExpensesAmt
Subtotal$45,764SubtotalAmt
Tot Net Ast Or Fund Balances EOY$45,764TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Tax Due$1TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksNAGARAJ V RAOIndividualWithBooksNm
Phone9723559749PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13705 VALENCIA COURTAddressLine1Txt
CityFLOWER MOUNDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75022ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NAGARAJ V RAO
3705 VALENCIA COURTFLOWER MOUNDTX75022PRESIDENT/TR000.00$0$0$0
SESHKUMARI RAO
3705 VALENCIA COURTFLOWER MOUNDTX75022VICE PRESIDE000.00$0$0$0
JAIDEEP JAYARAM
2508 CARROLL COURTFLOWER MOUNDTX75022SECRETARY000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$108,580AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$108,580TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$108,580AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,629CashDeemedCharitableAmt
Net Vl Noncharitable Assets$106,951NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,348MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,348MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$5,347DistributableBeforeAdjAmt
Distributable Before Ded$5,347DistributableBeforeDedAmt
Distributable As Adjusted$5,347DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$221,275ExpensesAndContributionsAmt
Qualifying Distributions$221,275QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,347DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$29,094ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$70,490ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$32,768ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$56,368ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$343,259ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$531,979TotalExcessDistributionCyovAmt
Qualifying Distributions$221,275QualifyingDistributionsAmt
Applied To Current Year$5,347AppliedToCurrentYearAmt
Remaining Distri From Corpus$215,928RemainingDistriFromCorpusAmt
Total Corpus$747,907TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$29,094ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$718,813ExcessDistriCyovToNextYrAmt
Excess From Year4$70,490ExcessFromYear4Amt
Excess From Year3$32,768ExcessFromYear3Amt
Excess From Year2$56,368ExcessFromYear2Amt
Excess From Year1$343,259ExcessFromYear1Amt
Excess From Current Year$215,928ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAGARAJ V RAOContributingManagerNm
Contributing ManagerSESHKUMARI RAOContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line2RecipientUSAddress/AddressLine2Txt
CLIMATE CENTRAL
ONE PALMER SQUARE STE 402PRINCETONNJ08542NCBUILD PUBLIC RESPONSE TO CLIMATE CHA$25,000
DOCTORS WITHOUT BORDERS
40 RECTOR ST 16TH FLNEW YORKNY10006NCPROVIDE EMERGENCY MEDICAL CARE$25,000
INTERFAITH MINISTRIES OF DENTON
1109 N ELM ST 1DENTONTX75201NCS T ASSISTANCE TO NEEDY FAMILIES$5,000
JOURNEY TO DREAM
1960 ARCHER AVELEWISVILLETX75077NCTO SERVE HOMELESS TEENS$7,725
KERA - KXT 917
3000 HARRY HINES BLVDDALLASTX75201NCSUPPORT OF NORTH TEXAS PUBLIC BROADC$25,000
LEWISVILLE EDUCATION FOUNDATION
1565 C WEST MAIN STREETLEWISVILLETX75067NCENRICH EDUCATION IN LEWISVILLE TX$6,650
PEDIPLACE
502 S OLD ORCHARD LN 126LEWISVILLETX75067NCPROVIDE QUALITY PRIMARY PEDIATRIC HC$75,500
ROCKY MOUNTAIN INSTITUTE
2490 JUNCTION PLACEBOULDERCO80301NCPROMOTE CLEAN ENERGY$25,000
SHERYL SANDBERG & DAVE GOLDBERG
855 EL CAMINO REALPALO ALTOCA94301NCSUPPORT LEAN IN NETWORK CONF$1,000FAMILY FOUNDATIONSTE 307
UNIVERSITY OF TEXAS AT AU
PO BOX 7458AUSTINTX78713NCTO PROVIDE SUPPORT FOR THE UNIVERSIT$21,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$216,875TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$59RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$59RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$59TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonNAGARAJ V AND SESHKUMARI RAOContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13705 VALENCIA CTAddressLine1Txt
CityFLOWER MOUNDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75022ZIPCd
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$4,400Amt
Disbursements Charitable Prps$4,400DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtAdjusted Net IncomeAdjustedNetIncomeAmt
RESEARCH EQUIPMENT2017-03-09$13,882$13,419S/L5.0000$463$463
RESEARCH EQUIPMENT2018-01-01$574$459S/L5.0000$115$115

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemBUILDLINGSCategoryOrItemTxt
Cost Or Other Basis$14,456CostOrOtherBasisAmt
Accumulated Depreciation$14,456AccumulatedDepreciationAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOTHER RECEIVABLEDesc
BOY Book Value$619BOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonNAGARAJ V SESHKUMARI RAOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13705 VALENCIA CTAddressLine1Txt
CityFLOWER MOUNDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75022ZIPCd