Rhonda Walker Foundation
- Assets
- $1.0m
- Revenue
- $597.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Detroit, MI
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 35-2197960
Organization Overview
Rhonda Walker Foundation is located in Detroit, MI. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Rhonda Walker Foundation employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Rhonda Walker 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, Rhonda Walker Foundation generated $597.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $836.9k during the year ending 12/2022. While expenses have increased by 20.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER INNER-CITY TEEN GIRLS TOWARDS BECOMING STRONG, CONFIDENT, AND MORAL FUTURE LEADERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING AND COMMUNITY OUTREACH - THE FOUNDATION UNDERSTANDS THAT IT IS IMPORTANT THAT TEENS HAVE POSITIVE ROLE MODELS IN ADULTS WITH WHOM THEY CAN DISCUSS THEIR CHALLENGES, SUCCESSES, AND FUTURE GOALS. EACH YEAR, THE FOUNDATION MATCHES TEENS WITH A CAREFULLY SCREENED PROFESSIONAL MENTOR WHO PROVIDES SUPPORT AND CRITICAL GUIDANCE. ALTHOUGH THE FOUNDATION ASKS ITS VOLUNTEER MENTORS TO COMMIT FOR ONE YEAR, THE BOND BECOMES STRONG ENOUGH SO THAT THEY STAY TO SEE THEIR MENTEE THROUGH HIGH SCHOOL. IT IS THIS SPIRIT OF GIVING BACK THAT THE FOUNDATION STRIVES TO INSTILL IN EVERY TEEN WHO IS A PART OF THE "GIRLS INTO WOMEN" PROGRAM. SEE SCHEDULE O FOR ADDITIONAL INFORMATION ABOUT THIS PROGRAM.THROUGH THE FOUNDATION'S COMMUNITY SERVICE AND OUTREACH PROGRAMS, THESE TEENS VOLUNTEER AT LOCAL CHARITIES, WORK WITH THE HOMELESS, CREATE GIFTS FOR AILING CHILDREN, AND VISIT ELDERS IN NURSING HOMES.
COLLEGE PREP PROGRAM - WITH THE ALARMING ACHIEVEMENT RATES IN MOST PUBLIC SCHOOLS, THE FOUNDATION IS COMMITTED TO ENSURING THAT THE TEENS IT SERVES ARE COLLEGE-READY UPON GRADUATING FROM HIGH SCHOOL. THE FOUNDATION'S COLLEGE PREP PROGRAM ENSURES THAT EVERY TEEN HAS ACCESS TO YEAR-ROUND TUTORING IN ALL SUBJECTS AND ACT/SAT PREPARATION COURSES THROUGH A PARTNERSHIP WITH "ENACT YOUR FUTURE". COLLEGE TOURS TAKE THE TEENS THE FOUNDATION SERVES NOT ONLY ACROSS THE STATE BUT ALSO ACROSS THE COUNTRY TO TOUR HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE FOUNDATION STRIVES TO PROVIDE THE TEENS IT SERVES WITH THE TOOLS NECESSARY TO MAKE A SMOOTH AND SUCCESSFUL TRANSITION FROM HIGH SCHOOL TO COLLEGE THROUGH FINANCIAL AID SEMINARS, WORKSHOPS ON THE COLLEGE APPLICATION PROCESS, MENTORING, AND COACHING.
PERSONAL DEVELOPMENT PROGRAM - THE FOUNDATION BELIEVES THAT AN EMPOWERED AND SUCCESSFUL YOUNG WOMAN HAS BEEN EXPOSED TO A WIDE VARIETY OF LIFE EXPERIENCES, AND ALSO HAS BEEN GIVEN THE TOOLS TO NAVIGATE THROUGH A MYRIAD OF SOCIAL AND PROFESSIONAL ENVIRONMENTS. THE FOUNDATION'S PERSONAL DEVELOPMENT PROGRAMS INCLUDE THREE WEEKEND RETREATS: 24-HOUR GIRL TALK, CAMP I CAN, AND A BI-ANNUAL WINTER WONDERLAND RETREAT. EACH OF THESE EXPERIENCES IS DESIGNED TO HELP THE TEENS THE FOUNDATION SERVES TO FACE AND OVERCOME CHALLENGES, TO PRACTICE TEAM BUILDING AS WELL AS SELF-DETERMINATION, AND TO SUPPORT AND ENCOURAGE EACH OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Walker President And Founder | OfficerTrustee | 15 | $0 |
Lloyd Banks Chair | OfficerTrustee | 15 | $0 |
Kimberly Keaton-Williams Vice-Chair | OfficerTrustee | 5 | $0 |
Michael Montgomery Treasurer | OfficerTrustee | 5 | $0 |
Sheree Calhoun Secretary | OfficerTrustee | 1 | $0 |
Tracy Fuerst Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $412,841 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,866 |
| Total Program Service Revenue | $0 |
| Investment income | $5,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$782 |
| Net Income from Fundraising Events | -$151,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $597,481 |
| 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. | $166,110 |
| Compensation of current officers, directors, key employees. | $16,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,791 |
| Payroll taxes | $22,931 |
| Fees for services: Management | $122,339 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,750 |
| Advertising and promotion | $0 |
| Office expenses | $6,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,137 |
| All other expenses | $5,931 |
| Total functional expenses | $836,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,725 |
| 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 | $10,593 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $292,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,342 |
| Total assets | $1,045,332 |
| Accounts payable and accrued expenses | $14,200 |
| 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 | $15,829 |
| Total liabilities | $30,029 |
| Net assets without donor restrictions | $795,308 |
| Net assets with donor restrictions | $219,995 |
| 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 | $1,045,332 |