Rayni Foundation Inc
- Assets
- $3.5m
- Revenue
- $151.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/1998
- Data as of
- 12/2021
- 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 12/2021, Rayni Foundation Inc generated $151.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $260.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rayni Foundation Inc has awarded 319 individual grants totaling $4,773,532. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION AWARDED TO BELEN JESUIT SCHOOL
FOUNDATION AWARDED TO ST. BRENDA CATHOLIC SCHOOL
FOUNDATION AWARDED TO THEATINE SISTERS INMACULATE CONCEPTION
FOUNDATION AWARDED TO SAINT THOMAS UNIVERSITY SCHOOL OF LAW
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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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52,533 |
| Dividends & Interest | $27,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,511 |
| Capital Gain Net Income | $71,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,963 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,957 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,737 |
| Total operating and administrative expenses | $81,962 |
| Contributions, gifts, grants paid | $178,667 |
| Total expenses and disbursements | $260,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,181 |
| Savings and temporary cash investments | $1,546,667 |
| 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 | $23,602 |
| 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 | $0 |
| Other assets | $2,408 |
| Total assets | $3,486,013 |
| 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 | $1,657 |
| Total liabilities | $1,657 |
Grants Awarded
Over the last fiscal year, Rayni Foundation Inc has awarded $178,667 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BELEN JESUIT SCHOOL PURPOSE: SCHOLARSHIP | $26,400 |
Miami, FL PURPOSE: SCHOLARSHIP | $23,500 |
ST THOMAS UNIVERSITY SCHOOL OF LAW PURPOSE: SCHOLARSHIP | $18,518 |
CARLOS ALBIZU UNIVERSITY PURPOSE: SCHOLARSHIP | $18,416 |
THEATINE SISTERS INMACULATE CONCEPTION PURPOSE: SCHOLARSHIPSCHOLARSHIP | $15,750 |
Miami, FL PURPOSE: SCHOLARSHIP | $14,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |