Rayo De Sol Inc is located in Atlanta, GA. 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. As of 12/2021, Rayo DE Sol Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rayo DE Sol 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 12/2021, Rayo DE Sol Inc generated $614.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $642.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAYO DE SOL WORKS WITH CHILDREN, ADOLESCENTS AND ADULTS IN VULNERABLE COMMUNITIES IN MATAGALPA, NICARAGUA, WHERE POVERTY LEVELS ARE HIGH AND SOCIAL SERVICES ARE EXTREMELY LIMITED. CURRENTLY, THE ORGANIZATION IMPLEMENTS FIVE PROGRAMS, INCLUDING: SPIRITUAL DEVELOPMENT, EDUCATIONAL QUALITY, INTEGRAL COMMUNITY HEALTH, YOUTH IN ACTION AND COMMUNITY DEVELOPMENT. THESE PROGRAMS ARE DESIGNED TO RESPOND TO THE PRESSING NEEDS IN THESE COMMUNITIES AND IMPROVE THE QUALITY OF LIFE OF MORE THAN 5,000 PEOPLE. RAYO DE SOL CURRENTLY PROVIDES PROGRAM SERVICES IN 35 SCHOOLS AND COMMUNITIES IN MATAGALPA, STRIVING TO IMPROVE HEALTH, EDUCATION AND NUTRITION SERVICES FOR THE MOST IMPOVERISHED COMMUNITIES, AS WELL AS CREATING NEW ECONOMIC OPPORTUNITIES FOR ADULTS. THIS WORK IS DONE IN COORDINATION WITH LOCAL ORGANIZATIONS, COMMUNITY LEADERS AND PUBLIC AGENCIES. SINCE BEGINNING WORK IN NICARAGUA, SIGNIFICANT IMPROVEMENTS HAVE BEEN DOCUMENTED IN NUTRITIONAL LEVELS, HEALTH AND HYGIENE AND PERMANENCE OF CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAYO DE SOL IMPLEMENTS HEALTH, EDUCATION, NUTRITION AND COMMUNITY DEVELOPMENT PROGRAMS IN VULNERABLE COMMUNITIES IN MATAGALPA, NICARAGUA. MOST NOTABLY, PROGRAM SERVICES ARE PROVIDED FOR MORE THAN 3,000 PRESCHOOL AND PRIMARY STUDENTS, WHICH HAS HELPED TO IMPROVE RETENTION AND PROMOTION RATES. ALL CHILDREN RECEIVE NUTRITIOUS MEALS EVERY SCHOOL DAY, WHICH HAS REDUCED MALNOURISHMENT BY MORE THAN TEN PERCENT. RAYO DE SOL ALSO OFFERS SCHOLARSHIPS FOR MORE THAN 400 HIGH SCHOOL AND UNIVERSITY STUDENTS. THIS ALLOWS THEM TO STAY IN SCHOOL AND CONTINUE THEIR EDUCATION, SINCE THEIR FAMILIES CANT AFFORD TO SUPPORT THEIR ACADEMIC EFFORTS. THERE WERE ALSO 150 ADULTS THAT PARTICIPATED IN VOCATIONAL TRAINING AND SMALL BUSINESS DEVELOPMENT COURSES. THIS CREATES NEW ECONOMIC OPPORTUNITIES SO THAT FAMILIES CAN BREAK THE CYCLES OF CHRONIC POVERTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter Douglas Schaller Executive Director | 40 | $42,667 | |
Katharine Powell Administrative Assistant | 10 | $24,370 | |
Scott Finlayson U.s. Director | 5 | $200 | |
John Hoover President | Officer | 5 | $0 |
Stephen Hasner Secretary | Officer | 5 | $0 |
Brent Nix Vice President | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $11,700 |
All other contributions, gifts, grants, and similar amounts not included above | $602,761 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $614,461 |
Total Program Service Revenue | $0 |
Investment income | $42 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $614,503 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $67,237 |
Compensation of current officers, directors, key employees. | $24,470 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $81,548 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,413 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,469 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $829 |
Office expenses | $19,985 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $17,467 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,203 |
Insurance | $4,361 |
All other expenses | $28,998 |
Total functional expenses | $642,044 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $678,858 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $69,879 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $748,737 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $538 |
Total liabilities | $538 |
Net assets without donor restrictions | $748,199 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $748,737 |
Over the last fiscal year, we have identified 4 grants that Rayo De Sol Inc has recieved totaling $291,500.
Awarding Organization | Amount |
---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $247,500 |
World Outreach Fund Atlanta, GA PURPOSE: LATRINE & RAIN WATER HARVESTING SYSTEMS | $24,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Hope For Haiti Inc Naples, FL | $24,378,816 | $45,283,405 |
American Leprosy Missions Inc Greenville, SC | $13,933,685 | $11,713,993 |
Bank Of Sweden Tercentenary Foundation Atlanta, GA | $1,577,216,718 | $144,244,925 |
Asia Harvest Winston Salem, NC | $3,139,213 | $8,431,865 |
Mully Childrens Family Usa Inc Alpharetta, GA | $1,079,646 | $4,196,632 |
Vinacapital Foundation Highlands, NC | $2,325,034 | $2,550,565 |
Novak Djokovic Foundation Usa Mooresville, NC | $1,770,113 | $619,559 |
Schools For Haiti Inc Tampa, FL | $560,678 | $1,160,484 |
Simones Kids Inc Cartersville, GA | $466,346 | $762,427 |
Rayo De Sol Inc Atlanta, GA | $748,737 | $614,503 |
Param Shakti Peeth Of America Foundation Coral Springs, FL | $106,927 | $400,293 |
Parakaleo International Clover, SC | $475,742 | $825,058 |