Raj Charitable Foundation Inc
- Assets
- $843.5k
- Revenue
- $177.2k
- Investments
- $777.2k
- Employees
- 0
- Location
- Beaumont, TX
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-5511024
Organization Overview
Raj Charitable Foundation Inc is located in Beaumont, TX. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Raj Charitable Foundation Inc 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, Raj Charitable Foundation Inc generated $177.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $55.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Raj Charitable Foundation Inc has awarded 62 individual grants totaling $633,150. 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
PROVIDING RESOURCES TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keshava Reddy Director | 0 | $0 | |
Bharathi C Reddy Director | 0 | $0 | |
Sathyender Nelakonda Director | 0 | $0 | |
Venkateswara R Mandava Director | 0 | $0 | |
Mahender Nelakonda Director | 0 | $0 | |
Jacob S Levey Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $114,941 |
| Interest on Savings | $484 |
| Dividends & Interest | $11,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,099 |
| Capital Gain Net Income | $3,684 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,681 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $55,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,298 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $777,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $843,521 |
| 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, Raj Charitable Foundation Inc has awarded $54,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP IN BUSINESS YADIRA PURPOSE: SCHOLARSHIPS G6360 | $13,500 |
SUPPLEMENT PURPOSE: SCHOLARSHIPS 329121 ID 19693690 | $12,500 |
SCHOLARSHIP IN BUSINESS JONES PURPOSE: SCHOLARSHIPS G6359 | $13,500 |
CHIRAG KHUANG PURPOSE: SCHOLARSHIP | $1,000 |
CINDY KUMAR PURPOSE: SCHOLARSHIP | $1,000 |
SUPPLEMENT PURPOSE: SCHOLARSHIP FUND 329121 ID 19693691 | $12,500 |