Rayni Foundation Inc
- Assets
- $3.1m
- Revenue
- $99.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 65-0838191
Organization Overview
Rayni Foundation Inc is located in Miami, FL. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rayni 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 12/2023, Rayni Foundation Inc generated $99.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $227.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rayni Foundation Inc has awarded 338 individual grants totaling $4,888,065. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST THOMAS UNIVERSITY SCHOOL OF LAM
FOUNDATION AWARDED TO THEATINE SISTERS INMACULATE CONCEPTION
ST. BRENDAN CATHOLIC SCHOOL
CONCHITA ESPINOSA ACADEMY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nidia Maldonado Montero Director | 3 | $0 | |
Gloria Coronel Director | 3 | $0 | |
Ricardo Miguel Montero Director | 15 | $0 | |
Richard Trotta Director | 3 | $0 | |
Raul F Rodriguez Director | 3 | $0 | |
Tania Montero Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,947 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $99,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $32,154 |
| Pension plans, employee benefits | $0 |
| Interest | $38 |
| Taxes | $2,389 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,420 |
| Total operating and administrative expenses | $60,056 |
| Contributions, gifts, grants paid | $167,290 |
| Total expenses and disbursements | $227,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,035 |
| Savings and temporary cash investments | $71,587 |
| Net Accounts receivable | $1,318 |
| 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 | $42,473 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,441 |
| Total assets | $3,141,408 |
| 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, Rayni Foundation Inc has awarded $167,290 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CALUSA PREPARATORY SCHOOL PURPOSE: SCHOLARSHIP | $7,920 |
BELEN JESUIT SCHOOL PURPOSE: SCHOLARSHIP | $6,000 |
CARPE DIEM ACADEMY PURPOSE: SCHOLARSHIP | $6,000 |
CARLOS ALBIZU UNIVERSITY PURPOSE: SCHOLARSHIP | $2,470 |
CARROLLTON SCHOOL OF THE SACRED HEART PURPOSE: SCHOLARSHIP | $4,000 |
CONCHITA ESPINOSA ACADEMY PURPOSE: SCHOLARSHIP | $12,130 |