Overview
What is Raindrop Foundation Inc?
Raindrop Foundation Inc, established in 2000 by Turkish-Americans, is a 501(c)(3) nonprofit organization located in Houston, Texas. The organization's mission extends beyond traditional charity work, encompassing educational, cultural, and social programs. Through community centers, Raindrop Foundation Inc offers weekend schools, various festivals, and charitable services. Specifically, they conduct after-school and daycare activities, foster Turkish culture through children's festivals, organize the Turkish Language Olympiad, and arrange trips. As a socially conscious organization, Raindrop Foundation Inc is committed to promoting Turkish culture and education within its community.
Official website here: www.raindrophouston.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
Raindrop Foundation Inc has achieved a strong score of 75%, primarily reflecting its commitment to accountability and finance. The organization boasts a perfect score for independent board members and has effectively managed its assets without any material diversion. Additionally, the foundation demonstrates transparency by providing its board with tax documents prior to filing and making board meeting minutes accessible.
Financially, Raindrop Foundation Inc shows solid program expenses, with 74.11% directed towards its programs, which highlights its focus on mission-related activities. The organization also exhibits excellent fundraising efficiency, incurring only $0.04 to raise a dollar, making it an economically viable charity. However, its liabilities to assets ratio of 43.72% could be a concern, suggesting some level of financial obligation that may need monitoring.
Overall, while Raindrop Foundation Inc demonstrates significant strengths in governance and financial management, potential donors may want to consider the liabilities aspect when evaluating the organization’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Raindrop Foundation Inc legitimate?
Raindrop Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raindrop Foundation 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: $292,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $961,623
For more financial information, click here
Official website here: www.raindrophouston.org
What is the mission statement of Raindrop Foundation Inc?
The Raindrop Foundation Inc., established in 2000 by Turkish-Americans, serves as a non-profit organization with a focus on education, charity, social, and cultural activities. Its mission is to facilitate after-school and daycare activities, promote Turkish culture through festivals, and nurture language skills through competitions like the Turkish Language Olympiad. The organization also organizes trips to provide diverse experiences. The Raindrop Turkish House's accomplishments encompass educational and cultural programs, weekend schools, and charitable services provided through community centers.
Official website here: www.raindrophouston.org
Who is the CEO of Raindrop Foundation Inc?
Ishak Karatay is the Chairman of Raindrop Foundation Inc. The CEO's salary of Raindrop Foundation Inc is $50,754 and their total compensation is $50,754.
Official website here: www.raindrophouston.org
What is the revenue of Raindrop Foundation Inc?
Raindrop Foundation Inc's revenue in 2022 was $5,959,747.
Official website here: www.raindrophouston.org
Who are the executives of Raindrop Foundation Inc and what are their salaries?
Here are 10 key members and their salaries (Raindrop Foundation Inc's CEO's salary is $50,754 and their total compensation is $50,754):
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- Compensation: $50,754
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Official website here: www.raindrophouston.org
Where can I find the form 990 for Raindrop Foundation Inc?
Raindrop Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.raindrophouston.org
Learn more at the official website: www.raindrophouston.org
Mission Statement of Raindrop Foundation Inc
Raindrop Foundation Inc, established in 2000 by Turkish-Americans, operates as a 501(c)(3) non-profit organization with a focus on education, charity, social, and cultural activities. The organization's mission is to provide after-school and daycare activities, promote Turkish culture, and organize children's festivals. Additionally, Raindrop Foundation Inc hosts the Turkish Language Olympiad and organizes trips for its members. The goal of these initiatives is to preserve Turkish heritage and provide opportunities for cultural exchange.
Raindrop Turkish House, as the organization is often referred to, has achieved significant accomplishments in the realms of education, culture, and charitable services. Their community centers serve as platforms for weekend schools, festivals, and various charitable events. Through these initiatives, Raindrop Foundation Inc aims to foster a sense of community and cultural pride among its members while also offering valuable educational opportunities. The organization's mission is to enrich the lives of its members by preserving and sharing Turkish culture, providing educational resources, and engaging in charitable activities.
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Impact
July, 2024
Raindrop Foundation Inc's impact can be seen through its educational, cultural, and charitable programs. Founded by Turkish-Americans in 2000, the organization runs after-school activities, day care programs, Turkish culture and children festivals, Turkish language Olympiad, and trips. Their achievements include providing educational and cultural programs, running weekend schools, organizing festivals, and offering charitable services through community centers. Through these initiatives, Raindrop Foundation Inc positively influences the community by promoting education, preserving Turkish culture, and fostering cross-cultural understanding.
This information is meant to be a general summary of Raindrop Foundation 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.
- Program Service Revenue: $972,199
- Gross Receipts: $5,959,747
Assets and Liabilities:
- Total Assets: $13,876,309
- Total Liabilities: $6,067,880
- Net Assets: $7,808,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Cultural, educational,
Revenue
$972,199
Organization Details
Founding Year
2000
Phone
(713) 974-1412Principal Officer
Ishak Karatay
Main Address
9301 WEST BELFORT AVENUE, HOUSTON, TX, 77031
Website
www.raindrophouston.orgNTEE Category
Code: B60 - Education
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