Raygar Foundation
- Assets
- $25.4m
- Revenue
- $952.5k
- Investments
- $12.2m
- Employees
- 0
- Location
- Lindale, TX
- Founding
- 02/1994
- Data as of
- 08/2023
- EIN
- 65-6128544
Organization Overview
Raygar Foundation is located in Lindale, TX. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raygar Foundation 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 08/2023, Raygar Foundation generated $952.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Raygar Foundation has awarded 50 individual grants totaling $4,706,000. 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
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $194 |
| Dividends & Interest | $480,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $472,040 |
| Capital Gain Net Income | $472,040 |
| Net ST Capital Gain | $8,605 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36 |
| Total Revenue | $952,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,693 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,564 |
| Contributions, gifts, grants paid | $1,118,000 |
| Total expenses and disbursements | $1,155,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,295,053 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $25,449,739 |
| 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, Raygar Foundation has awarded $1,118,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN LEGAL SOC PURPOSE: CENTER FOR LAW STUDENTS MINISTRY | $119,000 |
IRIS GLOBAL PURPOSE: TRAINING HEALTH CENTERCRISIS MERCY | $131,000 |
MORNING STAR PURPOSE: AFGHANISTAN | $51,000 |
NEVERTHIRST PURPOSE: WHERE NEEDED MOST | $130,000 |
SERVANT GROUP INTL PURPOSE: MINISTRY PURPOSES | $54,000 |
GLOBAL PARTNERS PURPOSE: REFUGEES CRISIS RELIEFCLEAN WATER MEDICAL | $114,000 |