Civic Intelligence

Rags Remembered Foundation

990 • Fiscal year 2022 • EIN 88-1899773

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 23, 2023

59 Cavalier Blvd Ste 310Florence, KY 41042

(859) 261-6800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Net Margin

53rd percentile

7.6%

Higher net margin than 53% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$10,889

No earlier filing loaded for comparison.

Net Assets

$10,889

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$142,593

No earlier filing loaded for comparison.

Expenses

$131,704

No earlier filing loaded for comparison.

Net Income

$10,889

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15K$10K$5.0K$0Assets 2022: $10,889Liabilities 2022: $0Net Assets 2022: $10,8892022

Highlighted filing

2022

Assets$10,889
Liabilities$0
Net Assets$10,889

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0Revenue 2022: $142,593Expenses 2022: $131,704Net Income 2022: $10,8892022

Highlighted filing

2022

Revenue$142,593
Expenses$131,704
Net Income$10,889
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$241,934
Mission and Program Overview

Mission

The purpose of the foundation is to foster a love of the outdoors in children and their families by sharing the power of the outdoors to heal and bond families together.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use-$8,227-
Cash and Non-Interest-Bearing Accounts-$2,662-
Total Assets$0$10,889▲ $10,889
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$10,889-
Total Net Assets Fund Balance$0$10,889▲ $10,889
Total Liabilities and Net Assets / Fund Balance$0$10,889▲ $10,889
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank RagnowPresident
Jack RagnowDirector
Katie RagnowDirector
Maddie RagnowDirector
Marty RagnowSec / Treas
Lucy RagnowVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$78,069
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$64,524
All Other Contributions
$11,450
Change in Net Assets
$10,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,704
Total Fundraising Expense$68,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$25,468$12,734$12,734$50,936
Fees for Services Other$7,373$-933$29,017$35,457
Advertising$13,924$490$17,301$31,715
Travel$603$166$7,356$8,125
Insurance$1,894$472$472$2,838
Conferences and Meetings$1,203-$90$1,293
Fees for Services Legal--$1,279$1,279
Fees for Services Accounting--$61$61
Total Functional Expenses$50,465$12,929$68,310$131,704
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$163,865
Fundraising Direct Expenses$99,341
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Waite$161,415$102,340$38,242$64,098
Party$69,069$61,525$16,091$45,434
Total Events$230,484$163,865$99,341$64,524
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Frank ragnow lucy ragnow married frank ragnow marty ragnow mother / son frank ragnow jack ragnow siblings frank ragnow katie ragnow siblings frank ragnow maddie ragnow siblings

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviwed by the board of directors before filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is reviewed and discussed at meetings as applicable.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Rags Remembered Foundation Inc
EIN
88-1899773
Phone
8592616800
Address
59 CAVALIER BLVD STE 310, FLORENCE, KY 41042

Signing Officer

Name
Frank Ragnow
Title
President
Phone
8592616800
Signed
2023-10-23

Organization Details

Principal Officer
Frank Ragnow
Formed
2022
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Keith & Associates Pllc
Address
715 BAKEWELL ST, COVINGTON, KY 41011-1227
Preparer
R Frederick Keith
Phone
8592616800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4B

Game day - foundation provided two young boys, clint and porter, with a game day watch party at their home in michigan. Clint and porter tragically lost their older brother, grant, on february 22, 2021 by suicide. Both clint and porter miss their brother dearly and are doing their best to grieve healthily. The foundation provided the boys and their friends with the ultimate tailgate and watch party, complete with decorations, signed footballs, food from applebees and more to watch the detroit lions defeat the jacksonville jaguars 40 to 14. Foundation also provided three girls, kaylie, maliah, and niema, with a game day watch party at their home in michigan on sunday, december 18, 2022. The girls lost their cousin in an accident recently and are doing their best to grieve healthily. The foundation provided the girls and their mom with the ultimate tailgate watch party, complete with decorations, signed footballs, food from applebees and more to watch the detroit lions take down the new york jets in 4th quarter. The girls also received a special video message from frank and a visit from lucy ragnow at their home.

Form 990, Part IX, Line 11G

Contract 0 0 1,500 operations 1,632 185 1,093 bank fees 16 8 8 cost of goods 240 1,734 0 food & beverage 858 0 0 contract services 2,680 -3,010 0 awards & grants 1,947 150 0 celebrity waiter night contract services 0 0 8,700 operations 0 0 561 bank fees 0 0 5,108 0 0 0 party contract services 0 0 10,005 operations 0 0 238 bank fees 0 0 1,804 total 7,373 -933 29,017

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IRS990/ProgSrvcAccomActy2Grp/Desc0GAME DAY - FOUNDATION PROVIDED TWO YOUNG BOYS, CLINT AND PORTER, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN. CLINT AND PORTER TRAGICALLY LOST THEIR OLDER BROTHER, GRANT, ON FEBRUARY 22, 2021 BY SUICIDE. BOTH CLINT AND PORTER MISS THEIR BROTHER DEARLY AND ARE DOING THEIR BEST TO GRIEVE HEALTHILY. THE FOUNDATION PROVIDED THE BOYS AND THEIR FRIENDS WITH THE ULTIMATE TAILGATE AND WATCH PARTY, COMPLETE WITH DECORATIONS, SIGNED FOOTBALLS, FOOD FROM APPLEBEES AND MORE TO WATCH THE DETROIT LIONS DEFEAT THE JACKSONVILLE JAGUARS 40 TO 14. FOUNDATION ALSO PROVIDED THREE GIRLS, KAYLIE, MALIAH, AND NIEMA, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN ON SUNDAY, DECEMBER 18, 2022. THE GIRLS LOST THEIR COUSIN IN AN ACCIDENT RECENTLY AND ARE DOING THEIR BEST TO GRIEVE HEALTHILY. THE FOUNDATION PROVIDED THE GIRLS AND THEIR MOM WITH THE ULTIMATE TAILGATE WATCH PARTY, COMPLETE WITH DECORATIONS, SIGNED FOOTBALLS, FOOD FROM APPLEBEES AND MORE TO WATCH THE DETROIT LIONS TAKE DOWN THE NEW YORK JETS IN 4TH QUARTER. THE GIRLS ALSO RECEIVED A SPECIAL VIDEO MESSAGE FROM FRANK AND A VISIT FROM LUCY RAGNOW AT THEIR HOME.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GAME DAY - FOUNDATION PROVIDED TWO YOUNG BOYS, CLINT AND PORTER, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN. CLINT AND PORTER TRAGICALLY LOST THEIR OLDER BROTHER, GRANT, ON FEBRUARY 22, 2021 BY SUICIDE. BOTH CLINT AND PORTER MISS THEIR BROTHER DEARLY AND ARE DOING THEIR BEST TO GRIEVE HEALTHILY. THE FOUNDATION PROVIDED THE BOYS AND THEIR FRIENDS WITH THE ULTIMATE TAILGATE AND WATCH PARTY, COMPLETE WITH DECORATIONS, SIGNED FOOTBALLS, FOOD FROM APPLEBEES AND MORE TO WATCH THE DETROIT LIONS DEFEAT THE JACKSONVILLE JAGUARS 40 TO 14. FOUNDATION ALSO PROVIDED THREE GIRLS, KAYLIE, MALIAH, AND NIEMA, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN ON SUNDAY, DECEMBER 18, 2022. THE GIRLS LOST THEIR COUSIN IN AN ACCIDENT RECENTLY AND ARE DOING THEIR BEST TO GRIEVE HEALTHILY. THE FOUNDATION PROVIDED THE GIRLS AND THEIR MOM WITH THE ULTIMATE TAILGATE WATCH PARTY, COMPLETE WITH DECORATIONS, SIGNED FOOTBALLS, FOOD FROM APPLEBEES AND MORE TO WATCH THE DETROIT LIONS TAKE DOWN THE NEW YORK JETS IN 4TH QUARTER. THE GIRLS ALSO RECEIVED A SPECIAL VIDEO MESSAGE FROM FRANK AND A VISIT FROM LUCY RAGNOW AT THEIR HOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRANK RAGNOW LUCY RAGNOW MARRIED FRANK RAGNOW MARTY RAGNOW MOTHER / SON FRANK RAGNOW JACK RAGNOW SIBLINGS FRANK RAGNOW KATIE RAGNOW SIBLINGS FRANK RAGNOW MADDIE RAGNOW SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIWED BY THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS REVIEWED AND DISCUSSED AT MEETINGS AS APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT 0 0 1,500 OPERATIONS 1,632 185 1,093 BANK FEES 16 8 8 COST OF GOODS 240 1,734 0 FOOD & BEVERAGE 858 0 0 CONTRACT SERVICES 2,680 -3,010 0 AWARDS & GRANTS 1,947 150 0 CELEBRITY WAITER NIGHT CONTRACT SERVICES 0 0 8,700 OPERATIONS 0 0 561 BANK FEES 0 0 5,108 0 0 0 PARTY CONTRACT SERVICES 0 0 10,005 OPERATIONS 0 0 238 BANK FEES 0 0 1,804 TOTAL 7,373 -933 29,017
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/StatesWhereCopyOfReturnIsFldCd1MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt010889
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt010889
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt078069
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt068310
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012929
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt050465
IRS990/TotalFunctionalExpensesGrp/TotalAmt0131704
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010889
IRS990/TotalProgramServiceExpensesAmt050465
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0142593
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010889
IRS990/TravelGrp/FundraisingAmt07356
IRS990/TravelGrp/ManagementAndGeneralAmt0166
IRS990/TravelGrp/ProgramServicesAmt0603
IRS990/TravelGrp/TotalAmt08125
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt059 CAVALIER BLVD SUITE 310
IRS990/USAddress/CityNm0FLORENCE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041042
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTPS://FRANKRAGNOW.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK RAGNOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08592616800
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE RAGS REMEMBERED FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RAGS
ReturnHeader/Filer/EIN0881899773
ReturnHeader/Filer/PhoneNum08592616800
ReturnHeader/Filer/USAddress/AddressLine1Txt059 CAVALIER BLVD STE 310
ReturnHeader/Filer/USAddress/CityNm0FLORENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352349774
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEITH & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0715 BAKEWELL ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0410111227
ReturnHeader/PreparerPersonGrp/PhoneNum08592616800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R FREDERICK KEITH
ReturnHeader/ReturnTs02024-02-05T14:30:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRANK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RAGNOW
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.43$1.32$0.11