Overview
What is Rayo De Sol Inc?
Rayo de Sol Inc is a nonprofit organization situated in Atlanta, Georgia, with a focus on enhancing the well-being of vulnerable communities in Matagalpa, Nicaragua. The organization operates five programs, namely Spiritual Development, Educational Quality, Integral Community Health, Youth in Action, and Community Development. These programs aim to improve health, education, and nutrition for thousands of individuals and create new economic opportunities for adults. Rayo de Sol provides services in over 35 schools and communities, addressing the pressing needs in these impoverished areas. The organization has successfully reduced malnutrition by ten percent among preschool and primary students by providing nutritious meals and offers scholarships to over 400 high school and university students. Additionally, it offers vocational training and small business development courses to empower adults and break the cycle of chronic poverty. Rayo de Sol collaborates with local organizations, community leaders, and public agencies to achieve its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Rayo De Sol Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in their accountability and finance practices, despite scoring well in culture and community and leadership adaptability. Their program expense ratio is notably high at 87.57%, which reflects a strong commitment to programmatic work, yet the absence of independent board members raises concerns regarding governance and oversight.
User reviews from Great Nonprofits contrast this financial assessment by highlighting the organization's impactful work in Nicaragua. Volunteers and donors consistently express transformative experiences, noting the deep connections formed within the communities served and the significant changes observed in education, healthcare, and overall community development. This positive feedback underscores Rayo De Sol's dedication to holistic support and empowerment for families in need.
However, the nonprofit does face challenges, particularly in financial transparency, as indicated by missing financial statements and a lack of independent oversight. While the organization appears to effectively engage with the community and utilize feedback for improvement, addressing these governance issues could enhance their credibility and effectiveness in driving long-term change.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Rayo De Sol Inc legitimate?
Rayo De Sol Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rayo De Sol Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $64,897
Professional Fundraising Fees: $200
Other Salaries and Wages: $100,291
For more financial information, click here
What is the mission statement of Rayo De Sol Inc?
Rayo De Sol Inc works towards bettering the lives of children, adolescents, and adults in communities with high poverty rates and limited social services. They achieve this through five programs: Spiritual Development, Educational Quality, Integral Community Health, Youth in Action, and Community Development. These programs aim to improve the quality of life for over 5,000 individuals by addressing pressing needs and improving health, education, and nutrition services. Additionally, they strive to create new economic opportunities for adults. Rayo De Sol collaborates with local organizations, community leaders, and public agencies to carry out these initiatives, resulting in documented improvements in nutritional levels, health and hygiene, and the permanence of children in these communities.
Who is the CEO of Rayo De Sol Inc?
Peter Douglas Schaller is the Executive Director of Rayo De Sol Inc.
What is the revenue of Rayo De Sol Inc?
Rayo De Sol Inc's revenue in 2022 was $807,835.
Who are the executives of Rayo De Sol Inc and what are their salaries?
The average compensation at Rayo De Sol Inc during 2022 was $55,063. There are 3 employees at Rayo De Sol Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Rayo De Sol Inc?
Rayo De Sol Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rayo De Sol Inc
Rayo de Sol, a nonprofit organization, is committed to making a positive impact in the lives of children, adolescents, and adults residing in vulnerable communities in Nicaragua. The region is characterized by high poverty levels and limited social services, which Rayo de Sol aims to address. The organization implements five key programs: Spiritual Development, Educational Quality, Integral Community Health, Youth in Action, and Community Development. These initiatives are designed to respond to the pressing needs of these communities, ultimately improving the quality of life for more than 5,000 individuals.
Rayo de Sol's programs are carried out in 35 schools and communities in Matagalpa, Nicaragua. The organization focuses on enhancing health, education, and nutrition services for the most impoverished communities. Additionally, Rayo de Sol strives to create new economic opportunities for adults. This work is achieved through collaboration with local organizations, community leaders, and public agencies. Since its inception in Nicaragua, significant improvements have been observed in various aspects of these communities, including nutritional levels, health and hygiene, and the permanence of children. In summary, Rayo de Sol is a dedicated nonprofit organization that works tirelessly to uplift the lives of those living in disadvantaged communities by addressing their fundamental needs and promoting overall well-being.
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Impact
October, 2024
Rayo De Sol Inc significantly impacts vulnerable communities in Matagalpa, Nicaragua, by addressing critical needs in health, education, and economic development. Through its comprehensive programs, the organization serves over 5,000 individuals, improving quality of life in areas where poverty is pervasive and essential social services are lacking.
The organization’s efforts in educational quality have notably enhanced retention and promotion rates among more than 3,000 preschool and primary students. By providing nutritious meals daily, Rayo De Sol has successfully reduced malnourishment levels by over ten percent, ensuring that children receive the sustenance necessary for their growth and academic success. Furthermore, scholarships for over 400 high school and university students empower young individuals to pursue their education, breaking financial barriers that might otherwise hinder their academic aspirations.
In addition to supporting youth, Rayo De Sol promotes economic opportunity for adults through vocational training and small business development courses. With 150 adults participating in these programs, families are equipped with the skills needed to escape the cycle of chronic poverty and improve their livelihoods.
The holistic approach of Rayo De Sol Inc, which integrates spiritual development, community health, youth engagement, and overall community development, fosters resilience and empowerment within these communities. By collaborating with local organizations, community leaders, and public agencies, Rayo De Sol ensures that its initiatives are sustainable and deeply rooted in the specific needs of the population it serves. The tangible improvements in nutritional health, education retention, and economic opportunities exemplify the organization’s commitment to making a lasting difference in the lives of those in vulnerable situations.
This information is meant to be a general summary of Rayo De Sol Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $564
- Gross Receipts: $807,835
Assets and Liabilities:
- Total Assets: $953,445
- Total Liabilities: $1,548
- Net Assets: $951,897
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Organization Details
Founding Year
2006
Phone
(770) 289-7628Principal Officer
Peter Douglas Schaller
Main Address
2839 PACES FERRY RD SE 1050, ATLANTA, GA, 30339
NTEE Category
Code: Q12 - International
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