Ray Of Sunshine Foundation Inc
- Assets
- $4.0m
- Revenue
- $244.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 81-4038452
Organization Overview
Ray Of Sunshine Foundation Inc is located in Teaneck, NJ. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ray Of Sunshine 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, Ray Of Sunshine Foundation Inc generated $244.5k 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 (25.0%) each year. All expenses for the organization totaled $256.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAY OF SUNSHINE FOUNDATION INC IS A NONPROFIT GRASSROOTS ORGANIZATION BUILT ON THE ISLAMIC PRINCIPLES OF PUBLIC SERVICE, LOVE, EQUALITY, JUSTICE, AND PEACE FOR ALL. OUR MISSION IS TO ASSIST INDIVIDUALS IN ATTAINING THE VITAL SUPPORT THEY NEED TO ACHIEVE STABILITY AND A SENSE OF UNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FACILITY THAT WILL SERVE AS A FOCAL POINT FOR UNITING THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rayed Hassan President | 12 | $0 | |
Suha Hassan Vice President | 10 | $0 | |
Mohamad Salem Treasurer | 5 | $0 | |
Lisa Hassan Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $244,515 |
| Total Revenue | $244,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $166,831 |
| Taxes | $0 |
| Depreciation | $82,459 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,040 |
| Total operating and administrative expenses | $251,180 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $256,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,325 |
| 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 | $100 |
| 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 | $3,938,786 |
| Other assets | $10,201 |
| Total assets | $4,000,412 |
| 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 | $2,794,291 |
| Other liabilities | $0 |
| Total liabilities | $2,794,291 |