Rakka Foundation
- Assets
- $45.7k
- Revenue
- $1.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 26-0887666
Organization Overview
Rakka Foundation is located in Southfield, MI. The organization was established in 2007. 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. Rakka 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 12/2022, Rakka Foundation generated $1.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.3k during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roula Al-Ujayli Vic-Prs | 1 | $0 | |
Muhannad Al-Ujayli Secrtary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,019 |
| 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 | $1,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21 |
| Contributions, gifts, grants paid | $2,310 |
| Total expenses and disbursements | $2,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,387 |
| Savings and temporary cash investments | $9,280 |
| 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 | $45,667 |
| 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, Rakka Foundation has awarded $2,310 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH VOICE FOR PEACE PURPOSE: CHARITY | $50 |
USA FOR UNHCR PURPOSE: CHARITY | $100 |
ISLAMIC RELIEF USA PURPOSE: CHARITY | $250 |
ST JUDE RESEARCH HOSPITAL PURPOSE: CHARITY | $100 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITY | $200 |
KARAM FOUNDAITON PURPOSE: CHARITY | $260 |