The Meleka Foundation Inc
- Assets
- $2.6m
- Revenue
- $259.6k
- Investments
- $2.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 47-2378813
Organization Overview
The Meleka Foundation Inc is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meleka 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 12/2021, Meleka Foundation Inc generated $259.6k 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 (14.9%) each year. All expenses for the organization totaled $103.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FOUNDATION CONDUCTED SEVERAL PROGRAMS IN TANZANIA. THE PRIMARY FOCUS WAS BUILDING OUT THE SPONSORSHIP PROGRAM FOR HADZA CHILDREN WHICH PROVIDES QUALITY PRIVATE SCHOOL EDUCATION, HEALTHCARE, FOOD, MENTORSHIP, SPECIAL EVENTS, AND MORE YEAR-ROUND. OTHER ACTIVITIES INCLUDED: WORKING WITH AND SUPPORTING THE LOCAL PUBLIC SCHOOL SYSTEM, WOMENS EMPOWERMENT PROGRAM, CAMP VISITATIONS AND OUTREACH, FOOD AND SUPPLIES DRIVES, COVID-19 INFORMATION AND EDUCATION, MEDIA, PUBLIC EDUCATION AND AWARENESS RAISING, AND OTHER COMMUNITY ENGAGEMENT PROJECTS. FINANCIAL ASSISTANCE IN THE AMOUNT OF 117,875,604 TANZANIAN SHILLINGS ($50,547 EQUIVALENT) WERE DEDICATED TO THESE CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Sparkman President/dir | 30 | $30,000 | |
Kevin Hindriks Sect'y/treas | 1 | $0 | |
Jy-Ah Min Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bcn Management Inc | 12/30/16 | $51,000 |
Hemway Corp | 12/30/16 | $57,000 |
Patrick Colin Raterta | 12/30/16 | $53,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,235 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129,694 |
| Capital Gain Net Income | $129,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,025 |
| Total Revenue | $259,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,533 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $944 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,452 |
| Total operating and administrative expenses | $103,117 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $103,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,007 |
| 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 | $17,185 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,071,041 |
| Net Land, buildings, and equipment | $5,108 |
| Other assets | $11,261 |
| Total assets | $2,615,300 |
| Accounts payable and accrued expenses | $16,018 |
| 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 | $16,018 |
Grants Awarded
Over the last fiscal year, The Meleka Foundation Inc has awarded $40,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN FOUNDATION SUICIDE PREVENT PURPOSE: GENERAL SUPPORT | $10,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $10,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $5,000 |
THE HELIOTROPE FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |