RESOURCE AREA FOR TEACHING

EIN: 770365627 501(c)(3) Education

SAN JOSE, CA

Total Revenue
$4,421,435
Total Expenses
$4,330,391
Total Assets
$15,613,311
Net Assets
$14,889,981
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
JASON MORRELLA
Phone
4084511420
Tax Period
2024-07-01 to 2025-06-30

RESOURCE AREA FOR TEACHING, founded in 1994, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $14.9M represent 40 months of operating reserves.

Mission

RAFT BELIEVES THAT EVERY CHILD DESERVES A POWERFUL LEARNING EXPERIENCE. RAFT'S MISSION IS TO INSPIRE JOY THROUGH HANDS ON LEARNING.

Program Service Accomplishments

Program 1
Expenses: $1,544,883 Revenue: $1,057,565

EDUCATION PROGRAMS: WE HAVE VARIOUS EDUCATION PROGRAMS. WE HAVE ENGAGED OVER 19,000 STUDENTS IN HANDS-ON STEAM LEARNING AND FACILITATED MORE THAN 146 HANDS-ON STEAM EVENTS AT SCHOOLS AND COMMUNITY...

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EDUCATION PROGRAMS: WE HAVE VARIOUS EDUCATION PROGRAMS. WE HAVE ENGAGED OVER 19,000 STUDENTS IN HANDS-ON STEAM LEARNING AND FACILITATED MORE THAN 146 HANDS-ON STEAM EVENTS AT SCHOOLS AND COMMUNITY CENTERS WITH OUR MAKER MOBILE PROGRAM. SERVED OVER 2,875 STUDENTS IN EXTENDED LEARNING PROGRAMMING (SUMMER SCHOOL), DELIVERED STEAMDREAM BOX (SUMMER PROGRAM MATERIALS), AND DEVELOPED 10 NEW STEAM LEARNING ACTIVITY KITS.

Program 2
Expenses: $1,140,398 Revenue: $730,488

RESOURCE CENTERS & WEBSITE: AT RAFT'S VOLUNTEER RESOURCE CENTER, APPROXIMATELY 385 TONS OF DONATED MATERIALS ARE SORTED, PREPPED, AND ASSEMBLED INTO HANDS-ON LEARNING KITS BY 7,050 COMMUNITY...

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RESOURCE CENTERS & WEBSITE: AT RAFT'S VOLUNTEER RESOURCE CENTER, APPROXIMATELY 385 TONS OF DONATED MATERIALS ARE SORTED, PREPPED, AND ASSEMBLED INTO HANDS-ON LEARNING KITS BY 7,050 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.

Program 3
Expenses: $1,004,437

MATERIALS DONATION/UPCYCLING PROGRAM: RAFT DIVERTS OVER 385 CUBIC TONS OF MATERIALS FROM LANDFILLS ANNUALLY AND MAKES THEM AVAILABLE FOR MEMBERS IN OUR RESOURCE CENTER. RAFT WORKS WITH BAY AREA...

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MATERIALS DONATION/UPCYCLING PROGRAM: RAFT DIVERTS OVER 385 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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,620,225
Program Service Revenue $94,590
Investment Income $1,039,358
Other Revenue $1,667,262
TOTAL REVENUE $4,421,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,353,538
Fundraising Expenses $255,196
Program Expenses $3,689,718
Other Expenses $976,853
TOTAL EXPENSES $4,330,391

Year-over-Year Comparison

2024 2023 Change
Revenue $4,421,435 $3,147,202 +0.4%
Expenses $4,330,391 $3,700,809 +0.2%
Net Income $91,044 $-553,607 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
114
Volunteers
7050

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
6
$380,230
Total Directors
15
$0
Key Employees
2
$333,289
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNDI SUNDARESH CHAIR 1.00
Officer Director
$0 $0 $0
FREDERIC CALDWELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
RYAN NICHOLSON TREASURER 1.00
Officer Director
$0 $0 $0
ALICIA MOORE SECRETARY (END 08/24) 1.00
Officer Director
$0 $0 $0
JIM HARRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
VIDYADHAR PHALKE BOARD MEMBER 1.00
Director
$0 $0 $0
STEFAN RAFFL BOARD MEMBER 1.00
Director
$0 $0 $0
YOSUKE OGATA BOARD MEMBER 1.00
Director
$0 $0 $0
JAYANTI TAMBLE ROY BOARD MEMBER 1.00
Director
$0 $0 $0
LORETTA LI-SEVILLA BOARD MEMBER 1.00
Director
$0 $0 $0
CARLOS P MINO BOARD MEMBER 1.00
Director
$0 $0 $0
BETH HOWE BOARD MEMBER 1.00
Director
$0 $0 $0
JOO TANAKA BOARD MEMBER 1.00
Director
$0 $0 $0
CHARU GUPTA BOARD MEMBER 1.00
Director
$0 $0 $0
LILIANA ROJAS BOARD MEMBER 1.00
Director
$0 $0 $0
JASON MORRELLA CEO 40.00
Officer
$235,267 $21,325 $256,592
MOHAMMAD ANWAR TAMIZ FINANCE DIRECTOR 40.00
Officer
$115,731 $7,907 $123,638
DAVID MUILENBURG CHIEF OPERATIONS OFFICER 40.00
Key Emp
$159,421 $17,575 $176,996
SAMUEL DAVENPORT SENIOR DIRECTOR OF EDUCATION 40.00
Key Emp
$155,885 $408 $156,293
KATHERINE BALL DIRECTOR OF DEVELOPMENT 40.00
Highest
$109,000 $6,855 $115,855
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 $4,421,435 $4,330,391 $15,613,311 $91,044
2024 $3,147,202 $3,700,809 $15,604,954 $-553,607
2023 $2,493,138 $3,616,946 $15,667,840 $-1,123,808
2022 $3,025,404 $3,367,221 $16,657,654 $-341,817
2021 $2,108,943 $3,154,601 $18,680,172 $-1,045,658
2020 $9,477,572 $2,973,795 $17,783,366 $6,503,777
2018 $1,710,052 $2,578,802 $10,910,556 $-868,750
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