Rachel Foundation Inc
- Assets
- $208.9k
- Revenue
- $9.3k
- Investments
- $202.0k
- Employees
- 0
- Location
- Watchung, NJ
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 73-1629566
Organization Overview
Rachel Foundation Inc is located in Watchung, NJ. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rachel 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, Rachel Foundation Inc generated $9.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Alberto President | 15 | $0 | |
Charles Alberto III Secytreasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $287 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,775 |
| Capital Gain Net Income | $4,775 |
| Net ST Capital Gain | $4,775 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $1,400 |
| Contributions, gifts, grants paid | $13,727 |
| Total expenses and disbursements | $15,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,913 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $208,894 |
| 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, Rachel Foundation Inc has awarded $9,703 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
PRE-BORN PURPOSE: CHARITABLE | $550 |
LAINES ANGELS PURPOSE: CHARITABLE | $300 |
YOUNG LIVES PURPOSE: CHARITABLE | $150 |
WATCHUNG FIRE DEPT PURPOSE: CHARITABLE | $300 |
WATCHUNG EDUC FUND PURPOSE: CHARITABLE | $500 |
COMPASSION INTL PURPOSE: CHARITABLE | $3 |