The Rc22 Foundation Inc
- Assets
- $696.0k
- Revenue
- $89.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 45-3651131
Organization Overview
The Rc22 Foundation Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (Q30) the organization is classified as: International Development, 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. Rc22 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, Rc22 Foundation Inc generated $89.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $109.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.4%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RC22 DREAM SCHOOL IS A MONTESSORI STYLE EARLY CHILDHOOD EDUCATION CENTER. IT SERVES 100 YOUTH, AGES 3-8, IN SAN PEDRO DE MACORIS, DOMINICAN REPUBLIC.
GOODWILL DISTRIBUTION (COMMUNITY-BASED, AFTER-SCHOOL AND A FULL TIME SUMMER CAMP PROGRAM).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robinson Cano President | 1 | $0 | |
Joselito Cano Director | 0 | $0 | |
Claribel Mercedes Director | 5 | $0 | |
Crisselle Santana Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $89,062 |
| 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 | $0 |
| Total Revenue | $89,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $21,385 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,130 |
| Total operating and administrative expenses | $104,242 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $109,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,474 |
| 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 | $0 |
| Net Land, buildings, and equipment | $689,516 |
| Other assets | $0 |
| Total assets | $695,990 |
| Accounts payable and accrued expenses | $144 |
| 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 | $144 |
Grants Awarded
Over the last fiscal year, The Rc22 Foundation Inc has awarded $21,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PURPOSE: TO SUPPORT TO STRENGTHEN THE PATIENT NAVIGATOR PROGRAM | $15,650 |
SEATTLE PACIFIC UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS | $5,650 |