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Nonprofiteer
← GREAT KHALID FOUNDATION INC

Form 990 for tax year 2023

Filed by GREAT KHALID FOUNDATION INC.

Totals

Total revenue
$264,760
Total expenses
$214,564
Contributions and grants received
$264,760
Grants paid
$26,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$60,232
Total liabilities, end of year
$3,665
Net assets or fund balances, end of year
$56,567
Program services expenses (Part IX)
$64,157
Management and general expenses
$150,407
Fundraising expenses
$0
Program service expenses (Part III)
$64,157

Program services were 29.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $264,760

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,000 · program services $16,000

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 7 · Other salaries and wages

    total $73,662 · management and general $73,662

  • 10 · Payroll taxes

    total $9,517 · management and general $9,517

  • 11b · Fees: legal

    total $65 · management and general $65

  • 11c · Fees: accounting

    total $4,580 · management and general $4,580

  • 11g · Fees: other

    total $5,282 · program services $1,850 · management and general $3,432

  • 12 · Advertising and promotion

    total $5,473 · program services $113 · management and general $5,360

  • 13 · Office expenses

    total $28,652 · program services $28,362 · management and general $290

  • 16 · Occupancy

    total $44,586 · management and general $44,586

  • 17 · Travel

    total $8,722 · program services $4,360 · management and general $4,362

  • 24a · Other expenses: Licenses & Fees

    total $4,520 · management and general $4,520

  • 24b · Other expenses: Production Expenses

    total $3,472 · program services $3,472

  • 24c · Other expenses: Financial Service Charg

    total $33 · management and general $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,058 · end of year $60,232

  • 10a · Land, buildings and equipment: cost or other basis

    $2,107

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,107

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,687 · end of year $3,665

  • 27 · Net assets without donor restrictions

    beginning of year $6,371 · end of year $56,567

Mission and programs · 2023

Mission

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $10,000 · Grants $10,000

  • 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.

    Expenses $31,257

  • 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.

    Expenses $22,900 · Grants $16,000 · Revenue $953

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Khalid Robinson

    Chairman

    Total calculated
    $0
    Hours/week
    10

  • Courtney Stewart

    Vice Chairman

    Total calculated
    $0
    Hours/week
    10

  • Linda Wolfe

    President

    Total calculated
    $0
    Hours/week
    10

  • Reginald Morris

    Treasurer & Secretary

    Total calculated
    $0
    Hours/week
    10

  • Anthony Tomasheski

    Member

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.1
Source object
202431789349301753

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