Great Khalid Foundation Inc
- Assets
- $60.2k
- Revenue
- $264.8k
- Investments
- $0.0
- Employees
- 3
- Location
- East Point, GA
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 83-4629710
Organization Overview
Great Khalid Foundation Inc is located in East Point, GA. The organization was established in 2020. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Great Khalid Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Khalid 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, Great Khalid Foundation Inc generated $264.8k 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 (7.8%) each year. All expenses for the organization totaled $214.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Great Khalid Foundation Inc has awarded 14 individual grants totaling $155,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREAT KHALID FOUNDATION IS COMMITTED TO IMPACTING THE LIVES OF CHILDREN BY ALLEVIATING A BURDEN OF NEED. WE ARE REACHING OUT WHEN IT MATTERS MOST, WHEN A SUPPORTIVE GESTURE CAN MAKE ALL THE DIFFERENCE. WE BELIEVE THAT THE POWER OF MUSIC NOT ONLY HAS THE ABILITY TO BUILD CONFIDENCE AND CAMARADERIE, WE BELIEVE THAT IT POSITIVELY IMPACTS SOCIAL CHANGE FOR CHILDREN, FAMILIES AND COMMUNITIES. WE ARE COMMITTED TO CREATING AN ATMOSPHERE OF SUPPORT AND FREEDOM FOR KIDS TO DREAM BIG! THROUGH OUR MUSIC EDUCATION PROGRAMS, SCHOLARSHIP AWARDS, COMMUNITY PARTNERSHIPS AND GIFT GIVEAWAYS, WE ARE INVESTING IN OUR CHILDREN AND THEIR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PERFORMING ARTS SCHOLARSHIP IS A $10,000 MERIT-BASED SCHOLARSHIP AWARDED TO HIGH SCHOOL SENIORS PURSUING HIGHER EDUCATION IN A PERFORMING ARTS PROGRAM. STUDENTS ARE RECOGNIZED FOR THEIR ACADEMIC ACHIEVEMENTS AND ARTISTIC ABILITY. SINCE ITS INCEPTION, THE GREAT KHALID FOUNDATION HAS AWARDED MORE THAN $50,000 IN ACADEMIC SCHOLARSHIPS. THE APPLICATION IS OPEN TO STUDENTS ACROSS THE UNITED STATES. APPLICANTS MUST BE HIGH SCHOOL SENIORS, HOLD A GPA OF 3.5 OR HIGHER, SUBMIT AN ACCEPTANCE LETTER INTO A PERFORMING ARTS COLLEGIATE LEVEL PROGRAM, SUBMIT A WRITTEN ESSAY, AND SUBMIT A VIDEO PERFORMANCE. SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE STUDENT'S SCHOOL AND CAN BE APPLIED TO TUITION EXPENSES, ROOM AND BOARD, OR TEXTBOOK PURCHASES.
STATEMENT FOUR:HONORING PARENTS: LET'S CELEBRATE MOM MOTHER'S DAY CONTEST AND DAD'S DAY OUT FATHER'S DAY CONTEST IS AN ESSAY CONTEST PRESENTED IN PARTNERSHIP WITH THE EL PASO PUBLIC LIBRARY SYSTEM. PROGRAM PARTICIPANTS ARE ASKED TO SUBMIT MEANINGFUL STORIES IN ESSAY FORM ABOUT THEIR PARENTAL FIGURE. THE PROGRAM IS OPEN TO STUDENTS AGES FIVE TO 18. THE CONTEST WINNERS EARN A PRIZE PACKAGE TO GIVE TO THEIR PARENT ON MOTHER'S DAY OR FATHER'S DAY RESPECTIVELY.STATEMENT FIVE:BACK TO SCHOOL PROGRAM IS AN EL PASO AREA, NEED-BASED INITIATIVE PRESENTING MIDDLE SCHOOL CHILDREN WITH A NEW BACKPACK FILLED WITH THE SCHOOL SUPPLIES THEY NEED TO START THE SCHOOL YEAR WITH EXCITEMENT AND CONFIDENCE. OUR GOAL IS TO PROVIDE CHILDREN WITH THE TOOLS THEY NEED TO FOCUS ON THEIR STUDIES AND BE SUCCESSFUL IN THE CLASSROOM. SINCE ITS INCEPTION, THE GREAT KHALID FOUNDATION HAS SUPPLIED 1,700 SIXTH GRADERS WITH BACKPACKS AND CRITICAL SCHOOL SUPPLIES. MIDDLE SCHOOL PERSONNEL ARE INVITED TO APPLY ON BEHALF OF THEIR SCHOOLS EVERY SPRING.STATEMENT SIX:MUSIC IN SCHOOLS REVITALIZES STRUGGLING MUSIC EDUCATION PROGRAMS BY PROVIDING NEW MUSICAL INSTRUMENTS AND ACCESSORY SUPPLIES. THE GREAT KHALID FOUNDATION IS COMMITTED TO INCREASING ACCESS TO MUSIC EDUCATION AND REDUCING BARRIERS TO MUSIC EDUCATION. OUR GOAL IS TO ENSURE THAT NO CHILD IS TURNED AWAY FROM MUSIC EDUCATION DUE TO FINANCIAL HARDSHIP OR A SHORTAGE OF INSTRUMENTS. THE APPLICATION IS OPEN TO SCHOOLS ACROSS THE UNITED STATES. MUSIC TEACHERS, PROGRAM DIRECTORS, AND PRINCIPALS ARE ENCOURAGED TO APPLY ON BEHALF OF THEIR SCHOOL AND THEIR STUDENTS.
CHRISTMAS WITH KHALID IS AN EL PASO AREA NEED-BASED PROGRAM STRIVING TO KEEP THE SPIRIT OF CHRISTMAS ALIVE FOR YOUNG CHILDREN WHO MIGHT NOT OTHERWISE HAVE A GIFT TO OPEN ON CHRISTMAS DAY. KHALID PERSONALLY DISTRIBUTES BRAND NEW, WRAPPED CHRISTMAS GIFTS TO ELEMENTARY SCHOOL CHILDREN EVERY DECEMBER. SINCE ITS INCEPTION, THE GREAT KHALID FOUNDATION HAS SERVED 2,000 STUDENTS. ELEMENTARY SCHOOL PERSONNEL ARE INVITED TO APPLY EVERY FALL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khalid Robinson Chairman | OfficerTrustee | 10 | $0 |
Courtney Stewart Vice Chairman | OfficerTrustee | 10 | $0 |
Linda Wolfe President | OfficerTrustee | 10 | $0 |
Reginald Morris Treasurer & Secretary | OfficerTrustee | 10 | $0 |
Anthony Tomasheski Member | Trustee | 5 | $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 | $264,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,760 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $264,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65 |
| Fees for services: Accounting | $4,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,282 |
| Advertising and promotion | $5,473 |
| Office expenses | $28,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,586 |
| Travel | $8,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $214,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,232 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,232 |
| Accounts payable and accrued expenses | $3,665 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,665 |
| Net assets without donor restrictions | $56,567 |
| 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 | $60,232 |
Grants Awarded
Over the last fiscal year, Great Khalid Foundation Inc has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RIGHT HAND FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
EL PASO PUBLIC LIBRARY PURPOSE: UNRESTRICTED | $5,000 |
100 BLACK MEN OF SOUTH METRO PURPOSE: UNRESTRICTED | $5,000 |
A&A ALL THE WAY FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |