RASSAWEK VENTURES INC

EIN: 821428967 501(c)(3) Philanthropy & Grantmaking

ROCKVILLE, VA

Total Revenue
$167,337
Total Expenses
$16,755
Total Assets
$284,200
Net Assets
$284,200
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
JENNY LIESFELD
Phone
8043963098
Tax Period
2023-01-01 to 2023-12-31

RASSAWEK VENTURES INC, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $86K in total revenue in fiscal year 2021. The organization ran a surplus of $71K, a strong 83% operating margin.

Mission

OUR MISSION AT RASSAWEK VENTURES IS TO PRESERVE TRADITIIONAL SKILLS AND CRAFTS TO EDUCATE AND INSPIRE THE FUTURE. OUR GOAL IS TO BRING AWARENESS TO CRAFTMANSHIP, ARTS, TRADES AND MORE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,314
Program Service Revenue $0
Investment Income $0
Other Revenue $35,023
TOTAL REVENUE $167,337

Expense Breakdown

Grants Paid $16,755
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,755
Other Expenses $0
TOTAL EXPENSES $16,755

Year-over-Year Comparison

2023 2022 Change
Revenue $167,337 $3,950 +41.4%
Expenses $16,755 $24,488 -0.3%
Net Income $150,582 $-20,538 -8.3%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
150

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNY LIESFELD BOARD MEMBER 5.00
Officer Director
$0 $0 $0
JOE LIESFELD JR BOARD MEMBER 1.00
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $167,337 $16,755 $284,200 $150,582
2022 $3,950 $24,488 $133,618 $-20,538
2021 $86,196 $14,900 $154,156 $71,296
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