Raina Family Foundation Inc
- Assets
- $56.7k
- Revenue
- $145.9k
- Investments
- $33.0k
- Employees
- 0
- Location
- League City, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-3936980
Organization Overview
Raina Family Foundation Inc is located in League City, TX.
For the year ending 12/2022, Raina Family Foundation Inc generated $145.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $180.2k during the year ending 12/2022. 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
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suresh Raina Trustee | 5 | $0 | |
Sushma Kaul Trustee | 5 | $0 | |
Gaurav Raina Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,557 |
| Interest on Savings | $2 |
| Dividends & Interest | $2,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,148 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,883 |
| 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 | $175 |
| Total operating and administrative expenses | $175 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $180,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,674 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,702 |
| 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, Raina Family Foundation Inc has awarded $180,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VITASTA HEALTHCARE TRUST PURPOSE: CHARITABLE CONTRIBUTION | $150,000 |
KOSHUR RAG PURPOSE: CHARITABLE CONTRIBUTION | $30,000 |