RATE FOUNDATION NFP

EIN: 454204135 501(c)(3) Education

CHICAGO, IL

Total Revenue
$542,381
Total Expenses
$443,460
Total Assets
$1,708,066
Net Assets
$1,708,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IL
Principal Officer
KENNETH KANE
Phone
7735166800
Tax Period
2025-01-01 to 2025-12-31

RATE FOUNDATION NFP, founded in 2012, is a small nonprofit in the Education sector that reported $542K in total revenue in fiscal year 2025. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $99K, a strong 18% operating margin.

Mission

FOUNDATION WAS CREATED BY GUARANTEED RATE, INC. TO FULFILL CHARITABLE AND BENEVOLENT PURPOSES BY PROVIDING SUPPORT AND ASSISTANCE TO FAMILIES AND PERSONS IN NEED AND AT TIMES OF CRISIS. WITH THE FINANCIAL ASSISTANCE OF PRIVATE DONORS, THE FOUNDATION AND ITS VOLUNTEERS WILL COLLECT MONEY AND ITEMS FOR DONATION AS WELL AS PROVIDE ASSISTANCE IN THE SPONSORSHIP AND ORGANIZATION OF BENEFIT DRIVES. THE FOUNDATION INTENDS TO PROVIDE ASSISTANCE TO THE PUBLIC AT LARGE, BUT WILL FOCUS ITS EFFORTS, BOTH IN FUNDRAISING AND AID DISTRIBUTION, IN THE REAL ESTATE AND MORTGAGE ORIGINATION COMMUNITIES THROUGHOUT THE UNITED STATES. THE COLLECTION AND DISTRIBUTION EFFORTS WILL BENEFIT THE RECIPIENTS, FOSTER A SENSE OF COMMUNITY AND ENCOURAGE CONTINUED CHARITABLE ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $443,460

THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO PEOPLE IN SITUATIONS ARISING FROM UNFORESEEN HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES. REQUESTS HAVE RANGED FROM FOOD, CLOTHING AND SHELTER FOLLOWING A...

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THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO PEOPLE IN SITUATIONS ARISING FROM UNFORESEEN HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES. REQUESTS HAVE RANGED FROM FOOD, CLOTHING AND SHELTER FOLLOWING A NATURAL DISASTER TO ASSISTING WITH HOUSING, TRANSPORTATION AND OUTSTANDING BILLS AS A RESULT OF A JOB LOSS OR MEDICAL EMERGENCY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $472,347
Program Service Revenue $0
Investment Income $70,034
Other Revenue $0
TOTAL REVENUE $542,381

Expense Breakdown

Grants Paid $443,460
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $443,460
Other Expenses $0
TOTAL EXPENSES $443,460

Year-over-Year Comparison

2025 2024 Change
Revenue $542,381 $2,746,204 -0.8%
Expenses $443,460 $2,475,126 -0.8%
Net Income $98,921 $271,078 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT UBERSOX VICE PRESIDENT, DIRECTOR 5.00
Officer Director
$0 $0 $0
KENNETH KANE TREASURER 4.00
Officer Director
$0 $0 $0
RAVEN ROBINSON SECRETARY 3.00
Officer Director
$0 $0 $0
VICTOR CIARDELLI PRESIDENT, DIRECTOR 2.00
Officer Director
$0 $0 $0
JASON OLENICZAK SENIOR DIRECTOR, GR FOUNDA 40.00
Highest
$0 $0 $130,223
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $542,381 $443,460 $1,708,066 $98,921
2024 $2,746,204 $2,475,126 $1,609,145 $271,078
2023 $518,813 $676,931 $1,338,067 $-158,118
2022 $790,907 $1,093,512 $1,496,185 $-302,605
2021 $5,812,096 $6,092,139 $1,798,790 $-280,043
2020 $8,244,822 $8,327,417 $2,078,833 $-82,595
2019 $1,117,687 $805,132 $2,161,428 $312,555
2018 $999,586 $557,060 $1,848,873 $442,526
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