H E Gene Rayfield Jr Foundation
Only null% goes to programs Strong reserves Declining revenue
H E Gene Rayfield Jr Foundation is a 501(c)(3) organization based in Traverse City, Michigan, registered in 1997, with $1,299,373 in FY2024 revenue. CharityIndex grades it C+.
536 Washington St, Traverse City, MI, 49686 EIN 56-2032126 Since 1997
Revenue (FY2024)
$1.3M
▼ 1.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$572K
Net assets
$30.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for H E Gene Rayfield Jr Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating637 mo reserves · +56% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For H E Gene Rayfield Jr Foundation: 637 mo reserves · +56% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for H E Gene Rayfield Jr Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For H E Gene Rayfield Jr Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 536 Washington St, Traverse City, MI, 49686
- City
- Traverse City
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $6,713 (FY2013) to $1.3M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $30.4M
Operating margin
56.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$30.4M
Total liabilities
$0
Net assets
$30.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,299,373▼1.6% | $572,097▲155% | $30,352,246▲2.5% | $30,352,246▲2.5% | 990PF |
| 2023 | $1,320,294▲102% | $224,000▼40.5% | $29,624,970▲3.8% | $29,624,970▲3.8% | 990PF |
| 2022 | $654,394▼97.7% | $376,660▲7533100% | $28,535,435▲1.9% | $28,535,435▲1.9% | 990PF |
| 2021 | $28,004,149▲32302% | $5▼100.0% | $28,010,827▲419161% | $28,010,827▲419161% | 990PF |
| 2020 | $86,427▲1187% | $102,500▲1477% | $6,681▼58.6% | $6,681▼58.6% | 990PF |
| 2013 | $6,713 | $6,500 | $16,152 | $16,152 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is H E Gene Rayfield Jr Foundation a legitimate nonprofit?
- Yes. H E Gene Rayfield Jr Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2032126, based in Traverse City, Michigan. Donations are tax-deductible.
- What is H E Gene Rayfield Jr Foundation's EIN?
- H E Gene Rayfield Jr Foundation's Employer Identification Number (EIN) is 56-2032126.
- How much revenue does H E Gene Rayfield Jr Foundation report?
- H E Gene Rayfield Jr Foundation reported $1,299,373 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does H E Gene Rayfield Jr Foundation have?
- CharityIndex grades H E Gene Rayfield Jr Foundation C+, based on financial health (reserves and operating margin).
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Data for H E Gene Rayfield Jr Foundation (EIN 56-2032126) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.