Hope Rasalam Foundation
- Assets
- $271.4k
- Revenue
- $27.7k
- Investments
- $100.2k
- Employees
- 0
- Location
- Valdosta, GA
- Founding
- 02/1992
- Data as of
- 12/2020
- EIN
- 36-3768667
Organization Overview
Hope Rasalam Foundation is located in Valdosta, GA. The organization was established in 1992. 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. Hope Rasalam 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 12/2020, Hope Rasalam Foundation generated $27.7k 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 (7.3%) each year. All expenses for the organization totaled $41.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE FOR THE SUFFERING-INDIA: THESE CHARITABLE DISBURSEMENTS WERE MADE DIRECTLY TO HOPE FOR THE SUFFERING-INDIA WHICH IS A NOT-FOR-PROFIT ENTITY ESTABLISHED IN INDIA WITH THE SAME GOALS & OBJECTIVES OF HOPE RASALAM FOUNDATION. THE MONIES DISBURSED IN THE CURRENT YEAR WERE SENT TO HOPE FOR THE SUFFERING-INDIA TO AID IN ORPHANAGES, SCHOOLS, & HOSPITALS. ENCLOSED YOU FIND A DETAILED DESCRIPTION OF HOPE FOR THE SUFFERING-INDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Livingstone A Rasalam President | 5 | $0 | |
Charlotte Wilson Sec/treas | 1 | $0 | |
Dr Stan Christian Director | 1 | $0 | |
Frank Christian Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,625 |
| Interest on Savings | $0 |
| 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 | $12,050 |
| Total Revenue | $27,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,891 |
| Taxes | $4,401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $240 |
| Other expenses | $24,898 |
| Total operating and administrative expenses | $32,430 |
| Contributions, gifts, grants paid | $9,500 |
| Total expenses and disbursements | $41,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,706 |
| 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 | $16,069 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $123,431 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $271,398 |
| 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 | $56,258 |
| Other liabilities | $0 |
| Total liabilities | $56,258 |
Grants Awarded
Over the last fiscal year, Hope Rasalam Foundation has awarded $9,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS - OTHER PURPOSE: SUPPORT LOCAL MINISTRIES | $6,500 |
Valdosta, GA PURPOSE: SUPPROT LOCAL MINISTRIES | $1,000 |
Valdosta, GA PURPOSE: SUPPORT LOCAL FOOD BANK | $1,000 |
Boone, NC PURPOSE: SUPPORT RELIEF WORK | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |