Doral Charitable Foundation Inc
- Assets
- $4.1m
- Revenue
- $468.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 37-1901245
Organization Overview
Doral Charitable Foundation Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doral Charitable Foundation 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 12/2022, Doral Charitable Foundation Inc generated $468.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 31.8% per year over the past 4 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 |
|---|---|---|---|
Rhanda Neme Hakim President | 0.25 | $0 | |
Estefania Neme Hakim Vice-President | 0.25 | $0 | |
Nibal Neme Hakim Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,378 |
| Capital Gain Net Income | $172,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $271,596 |
| Total Revenue | $467,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,462 |
| Total operating and administrative expenses | $98,839 |
| Contributions, gifts, grants paid | $1,500,000 |
| Total expenses and disbursements | $1,598,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,134,460 |
| 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 | $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 | $2,983,090 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,117,550 |
| 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, Doral Charitable Foundation Inc has awarded $350,873 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEME FOUNDATION PURPOSE: CHARITABLE PURPOSE | $300,873 |
MAM-BOGOTA FOUNDATION INC PURPOSE: CHARITABLE PURPOSE | $50,000 |