Challa Foundation
- Assets
- $119.0k
- Revenue
- $8.8k
- Investments
- $45.2k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 20-5937510
Organization Overview
Challa Foundation is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challa 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, Challa Foundation generated $8.8k 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 (25.2%) each year. All expenses for the organization totaled $7.2k 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
GYANASANGHA FOR MEDITATION CENTER
DONATION TO JOHN HOPKINS UNIVERSITY FOR EDUCATION/SCHOLARSHIP
DONATION TO IDRF FOR EDUCATION
MID ATLANTIC VIPASSANA FOR MEDITATION CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $4 |
| 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 | -$1,215 |
| Total Revenue | $8,789 |
| 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 | $417 |
| Total operating and administrative expenses | $470 |
| Contributions, gifts, grants paid | $6,735 |
| Total expenses and disbursements | $7,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,594 |
| Savings and temporary cash investments | $36,198 |
| 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 | $45,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $118,960 |
| 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, Challa Foundation has awarded $6,735 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GNYANA SANGHA PURPOSE: RELIGIOUS ORGANIZATION | $3,535 |
IDRF PURPOSE: ERADICATION OF POVERTY | $1,000 |
MID ATLANTIC VIPASSANA PURPOSE: MEDITATION | $1,000 |
CORD USA INC PURPOSE: CHARITABLE ORGANIZATION | $1,000 |
MD ANDERSON PURPOSE: CANCER RESEARCH | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |
Yellowstone Academy Inc Houston, TX | $16,392,464 | $16,744,043 |
Houston Community College Foundation Houston, TX | $19,733,211 | $7,332,146 |
Houston Independent School District Foundation Houston, TX | $7,123,064 | $5,838,395 |
Sandia Foundation Albuquerque, NM | $101,924,097 | $6,126,551 |