Truman & Majd Wellness Foundation Ltd
- Assets
- $343.8k
- Revenue
- $4.5k
- Investments
- $341.8k
- Employees
- 0
- Location
- Newport Coast, CA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-4477132
Organization Overview
Truman & Majd Wellness Foundation Ltd is located in Newport Coast, CA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Truman & Majd Wellness Foundation Ltd 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, Truman & Majd Wellness Foundation Ltd generated $4.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (44.2%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE SUPPORT DOMESTIC
CHARITABLE SUPPORT GLOBAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rana Mays President | 0 | $0 | |
Michael Mays Vice Preside | 0 | $0 | |
Paria Wilson Director | 0 | $0 | |
Chester Mays Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,045 |
| Total operating and administrative expenses | $2,087 |
| Contributions, gifts, grants paid | $19,897 |
| Total expenses and disbursements | $21,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,067 |
| 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 | $341,752 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $343,819 |
| Accounts payable and accrued expenses | $19,334 |
| 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 | $19,334 |
Grants Awarded
Over the last fiscal year, Truman & Majd Wellness Foundation Ltd has awarded $18,379 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
TENNYSON CENTER FOR CHILDREN PURPOSE: CHARITABLE SUPPORT | $500 |
CHOC FOUNDATION PURPOSE: CHARITALE SUPPORT | $1,563 |
CHILDREN INTERNATIONAL PURPOSE: CHARITABLE SUPPORT | $1,000 |
BOYS AND GIRLS CLUB LAGUNA PURPOSE: CHARITABLE SUPPORT | $1,020 |
CRYSTAL COVE CONSERVANCY PURPOSE: CHARITABLE SUPPORT | $515 |
ELIADA HOMES PURPOSE: CHARITABLE SUPPORT | $600 |