Rain Drop Foundation Inc
- Assets
- $11.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Houston, TX
- Founding
- 09/2002
- Data as of
- 12/2020
- EIN
- 76-0664313
Organization Overview
Rain Drop Foundation Inc is located in Houston, TX. The organization was established in 2002. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2020, Rain Drop Foundation Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rain Drop 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 12/2020, Rain Drop Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
RAINDROP TURKISH HOUSE IS A NON-PROFIT 501(C)(3) EDUCATIONAL, CHARITABLE. SOCIAL AND CULTURAL ORGANIZATION FOUNDED BY TURKISH-AMERICANS IN 2000. PROGRAMS RUN ARE AFTER SCHOOL AND DAY CARE ACTIVITIES, TURKISH CULTURE AND CHILDREN FESTIVALS, TURKISH LANGUAGE OLYMPIAD AND TRIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND CHARITABLE SERVICES PROVIDED THROUGH COMMUNITY CENTERS.
ACHIEVEMENTS INCLUDE EDUCATIONAL AND CHARITABLE SERVICES PROVIDED THROUGH COMMUNITY CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nusret Kaya CEO | Officer | 40 | $76,421 |
Ishak Karatay Director | Trustee | 0 | $0 |
Mustafa Aslan Director | Trustee | 0 | $0 |
Humeyra Ekin Director | Trustee | 0 | $0 |
Alperen Tas Director | Trustee | 0 | $0 |
Alpern Tas Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,544,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,544,073 |
| Total Program Service Revenue | $263,493 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $322,930 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,130,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $263,493 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,421 |
| Compensation of current officers, directors, key employees. | $53,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $691,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $408 |
| Office expenses | $81,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,629 |
| Travel | $8,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $445,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,310 |
| Insurance | $23,099 |
| All other expenses | $0 |
| Total functional expenses | $2,391,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,561,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,714,066 |
| Accounts payable and accrued expenses | $95,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $7,281,201 |
| Other liabilities | $0 |
| Total liabilities | $7,376,598 |
| Net assets without donor restrictions | $4,337,468 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,714,066 |
Grants Awarded
Over the last fiscal year, Rain Drop Foundation Inc has awarded $48,383 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Charitable | $34,000 |
Fairfield, NJ PURPOSE: Charitable | $14,383 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rain Drop Foundation Inc has recieved totaling $73,770.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $52,921 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $18,849 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Api Fund For Payroll Education Inc San Antonio, TX | $20,801,740 | $7,778,526 |
Texas Association Of School Business Officials Austin, TX | $13,552,555 | $8,546,890 |
Wellmed Charitable Foundation San Antonio, TX | $5,288,908 | $6,529,021 |
M E B Alliance For Educator Diversity Inc Austin, TX | $22,314,291 | $21,147,131 |
Center For American And International Law Plano, TX | $32,656,244 | $3,952,050 |
Construction Education Foundation Inc Dfw Airport, TX | $1,773,818 | $2,270,031 |
In His Image International Inc Tulsa, OK | $3,455,358 | $3,136,702 |
Rain Drop Foundation Inc Houston, TX | $11,714,066 | $2,130,496 |
Texas Liver Institute Inc San Antonio, TX | $8,384,288 | $2,734,307 |
Marcana Enterprises Inc El Paso, TX | $1,883,533 | $2,963,942 |
Transmit Receive Labs Inc Houston, TX | $1,236,102 | $2,595,127 |
Marcus Graham Project Dallas, TX | $253,522 | $2,244,629 |