Papas Legacy Foundation
- Assets
- $11.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Solon, OH
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-2110191
Organization Overview
Papas Legacy Foundation is located in Solon, OH. The organization was established in 2019. 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. Papas Legacy 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 12/2023, Papas Legacy Foundation generated $6.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $650.0 during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE YOUNG ADULTS WITH FINANCIAL ASSISTANCE THAT WILL ALLOW THE INDIVIDUAL TO FURTHER DEVELOP THEIR LEADERSHIP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rakhshanda Layeequr Rahman President | 5 | $0 | |
Marcus Rahman Director | 5 | $0 | |
Angela Knapp Director | 1 | $0 | |
Ali Nazim Khan Director | 1 | $0 | |
Debbie Miller Director | 1 | $0 | |
Sharon Felts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $83 |
| Total Revenue | $6,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,361 |
| Other assets | $0 |
| Total assets | $11,361 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,361 |