Hope Rasalam Foundation
- Assets
- $243.7k
- Revenue
- $68.5k
- Investments
- $100.2k
- Employees
- 0
- Location
- Valdosta, GA
- Founding
- 02/1992
- Data as of
- 12/2023
- EIN
- 36-3768667
Organization Overview
Hope Rasalam Foundation is located in Valdosta, GA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Rasalam 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 12/2023, Hope Rasalam Foundation generated $68.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $46.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hope Rasalam Foundation has awarded 17 individual grants totaling $119,575. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE FOR THE SUFFERING-INDIA: THESE CHARITABLE DISBURSEMENTS WERE MADE DIRECTLY TO HOPE FOR THE SUFFERING-INDIA WHICH IS A NOT-FOR-PROFIT ENTITY ESTABLISHED IN INDIA WITH THE SAME GOALS & OBJECTIVES OF HOPE RASALAM FOUNDATION. THE MONIES DISBURSED IN THE CURRENT YEAR WERE SENT TO HOPE FOR THE SUFFERING-INDIA TO AID IN ORPHANAGES, SCHOOLS, & HOSPITALS. ENCLOSED YOU FIND A DETAILED DESCRIPTION OF HOPE FOR THE SUFFERING-INDIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Livingstone A Rasalam President | 0 | $0 | |
Charlotte Wilson Sec/treas | 0 | $0 | |
Dr Stan Christian Director | 0 | $0 | |
Frank Christian Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,895 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,569 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,464 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $432 |
| Taxes | $221 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $300 |
| Other expenses | $22,531 |
| Total operating and administrative expenses | $25,884 |
| Contributions, gifts, grants paid | $20,650 |
| Total expenses and disbursements | $46,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,476 |
| Savings and temporary cash investments | $100,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $16,069 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $243,737 |
| 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 | $834 |
| Total liabilities | $834 |
Grants Awarded
Over the last fiscal year, Hope Rasalam Foundation has awarded $20,650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS - OTHER PURPOSE: SUPPORT LOCAL MINISTRIES | $14,650 |
DONATIONS - SAMARITAN PURSE PURPOSE: SUPPORT VARIOUS MINISTRIES | $5,000 |
DONATIONS - SECOND HARVEST OF SO GA PURPOSE: SUPPORT LOCAL MINISTRIES | $1,000 |