Rising Sun Foundation
- Assets
- $58.4k
- Revenue
- $39.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bergenfield, NJ
- Founding
- 02/2006
- Data as of
- 12/2021
- EIN
- 20-3448058
Organization Overview
Rising Sun Foundation is located in Bergenfield, NJ. The organization was established in 2006. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rising Sun 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 12/2021, Rising Sun Foundation generated $39.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (57.3%) each year. All expenses for the organization totaled $6.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO OTHER 501(C) EXEMPT ORGANIZATIONS RAISING MONEY FOR SPECIAL FUNDS AND SPECIAL PURPOSES.
PROVIDE SUPPORT TO OTHER 501(C) EXEMPT ORGANIZATIONS RAISING MONEY FOR SPECIAL FUNDS AND SPECIAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ifeoma Mogbo Director | 0.5 | $0 | |
Solomon Mogbo Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $0 |
| 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 | $39 |
| 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 | $4 |
| Total operating and administrative expenses | $4 |
| Contributions, gifts, grants paid | $6,791 |
| Total expenses and disbursements | $6,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,433 |
| 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 | $58,433 |
| 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, Rising Sun Foundation has awarded $5,372 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PURPOSE: SPECIAL FUND | $3,372 |
AKUMANO FOUNDATION PURPOSE: SPECIAL FUND | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |
American Friends Of Shalva Israel Inc New York, NY | $2,820,532 | $9,087,461 |
Bucks County Organization For Intercultural Advancement Princeton, NJ | $220,023 | $6,461,791 |
Association For Cultural Interchange Inc New York, NY | $233,666,936 | $20,017,646 |
Bayis Lepleitos Ateres Bonos Inc Brooklyn, NY | $1,664,185 | $5,696,760 |
Emunah Of America Inc New York, NY | $1,802,135 | $4,366,155 |
Insead Management Education Foundation New York, NY | $868,532 | $4,197,485 |
American Friends Of Genesis Jerusalem Inc Springfield, NJ | $2,180,379 | $3,666,217 |
American Friends Of Yeshivas Tiferes Yisroel Teaneck, NJ | $9,018,491 | $7,399,320 |