Challa Foundation
- Assets
- $159.3k
- Revenue
- $51.4k
- Investments
- $76.6k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 20-5937510
Organization Overview
Challa Foundation is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challa Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Challa Foundation generated $51.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $11.1k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GYANASANGHA FOR MEDITATION CENTER
DONATION TO JOHN HOPKINS UNIVERSITY FOR EDUCATION/SCHOLARSHIP
DONATION TO IDRF FOR EDUCATION
MID ATLANTIC VIPASSANA FOR MEDITATION CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,387 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,958 |
| Total Revenue | $51,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $30 |
| Contributions, gifts, grants paid | $11,100 |
| Total expenses and disbursements | $11,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,464 |
| Savings and temporary cash investments | $36,203 |
| Net Accounts receivable | $10,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,597 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $159,264 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Challa Foundation has awarded $11,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
IDRF PURPOSE: ERADICATION OF POVERTY | $1,000 |
MID ATLANTIC VIPASSANA PURPOSE: MEDITATION | $2,000 |
MD ANDERSON PURPOSE: CANCER RESEARCH | $100 |
SOUTHWEST VIPASSANA ASSOCIATION PURPOSE: CHARITABLE ORGANIZATION | $2,000 |
JOHNS HOPKINS UNIVERSITY SCHOOL OF PURPOSE: CHARITABLE | $1,000 |
TANA PURPOSE: CHARITABLE | $5,000 |