Rc Charitable Foundation
- Assets
- $1.2m
- Revenue
- $42.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 95-4309171
Organization Overview
Rc Charitable Foundation is located in Los Angeles, CA. 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. Rc Charitable 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, Rc Charitable Foundation generated $42.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $100.3k during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 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.
Since 2015, Rc Charitable Foundation has awarded 221 individual grants totaling $548,449. 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
THE FOUNDATION CONTRIBUTED FUNDS TO OPERATE THE BASANT MISTRY-JENNIFER SCHOOL IN INDIA
THE FOUNDATION CONTRIBUTED FUNDS TO OPERATE THE WISDOM TRUST COMPUTER SCHOOL AND KINDERGARTEN IN INDIA
THE FOUNDATION CONTRIBUTED FUNDS TO OPERATE THE JAI HIND SCHOOL IN INDIA
THE FOUNDATION CONTRIBUTED FUNDS TO OPERATE THE SONA KUMAR SCHOOLING PROGRAM IN INDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Chartoff Pres./dir. | 2 | $0 | |
William Chartoff V.p./dir. | 0 | $0 | |
Jennifer Chartoff Sec./dir. | 0 | $0 | |
Dika Chartoff Director | 0 | $0 | |
Miranda Chartoff Director | 0 | $0 | |
Alan Clements Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $33,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,334 |
| Capital Gain Net Income | $9,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,209 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,046 |
| Total operating and administrative expenses | $18,380 |
| Contributions, gifts, grants paid | $81,950 |
| Total expenses and disbursements | $100,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,013 |
| 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 | $24,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,243,203 |
| 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, Rc Charitable Foundation has awarded $81,950 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
SPIRIT AWAKENING PURPOSE: GENERAL USE | $2,000 |
LIBERTY HILL FOUNDATION PURPOSE: GENERAL USE | $1,200 |
AMAZON WATCH PURPOSE: GENERAL USE | $1,000 |
PACT PURPOSE: GENERAL USE | $2,500 |
CHILDREN INTERNATIONAL PURPOSE: GENERAL USE | $5,000 |
FRIENDS OF THE EARTH PURPOSE: GENERAL USE | $2,500 |