Rayo De Sol INC FY2024 filing

Tax-deductible

Kennesaw, GA501(c)(3)Since 2006InternationalEIN 20-4281339

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Rayo de Sol works with children, adolescents and adults in vulnerable communities in Matagalpa, Nicaragua, where poverty levels are high and social services are extremely limited. Currently, the organization implements five programs, including: Spiritual Development, Educational Quality, Integral Community Health, Youth in Action and Community Development. These programs are designed to respond to the pressing needs in these communities and improve the quality of life of more than 5,000 people. Rayo de Sol currently provides program services in 35 schools and communities in Matagalpa, striving to improve health, education and nutrition services for the most impoverished communities, as well as creating new economic opportunities for adults. This work is done in coordination with local organizations, community leaders and public agencies. Since beginning work in Nicaragua, significant improvements have been documented in nutritional levels, health and hygiene and permanence of children

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $79K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $438K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$918K
+17% vs prior year
Spent
$726K
To programs
85%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$918K
FY2024▲ +17%
Revenue by fiscal year
FY2020$577K
FY2021$615K
FY2022$808K
FY2023$786K
FY2024$918K
FY2025$715K
Expenses
$726K
FY2024▲ +0.8%
Expenses by fiscal year
FY2020$401K
FY2021$642K
FY2022$604K
FY2023$720K
FY2024$726K
FY2025$854K
Net assets
$1.2M
FY2024▲ +19%
Net assets by fiscal year
FY2020$776K
FY2021$748K
FY2022$952K
FY2023$1.0M
FY2024$1.2M
FY2025$1.1M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $619K Management & general 7% · $49K Fundraising 8% · $58K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$56,750Pt VII · Sec A
Adminsitrator
$46,296Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Peter Douglas Schaller’s $57K as Executive Director is at the 52nd percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter Douglas Schaller$57,000$56,750$48,750$43,750$42,667$41,500
Leslie Long$27,064$46,296$46,242$5,752——
Scott Finlayson———$75$200$43,548
Katharine Powell$520——$15,320$24,370$6,235
Audra Esper$15,765—————
Ashley Glover—————$8,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves health, education, and nutrition for vulnerable people in Nicaragua.

Provided by the organization

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1 program service account for $619K of program spending, described in the organization's own filed words · FY2024.
01

Rayo de Sol implements health, education, nutrition and community development programs in vulnerable communities in Matagalpa, Nicaragua. Most notably, program services are provided for more than 5,200 preschool and primary students, which has helped to improve retention and promotion rates.

$619Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$918K
Ln 12
Gifts and grantsLn 1h$898K
Investment incomeLn 3$20K
Money outPt IX
$726K
Ln 25
Programscol B$619K
Managementcol C$49K
Fundraisingcol D$58K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$768K
Total assetsLn 16$1.2M
LiabilitiesLn 26$6K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$898K
Investment incomeLn 3$20K
Gains on assetsLn 7$0
Total revenueLn 12$918K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$616K
Cash and savings togetherLn 1–2$768K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$448K
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$6K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$556K$768K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$463K$448K
Total assetsLn 16$1.0M$1.2M
LiabilitiesLn 26$857$6K
Net assetsLn 32$1.0M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$103K$57K$23K$23K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$129K$129K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$5K$4K$694
Payroll taxesLn 10$8K$6K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$200$200
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$27K$27K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$33K$33K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$32K$18K$14K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$308K$308K
All other expensesLn 24e$50K$42K$6K$2K
Total functional expensesLn 25$726K$619K$49K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $715K$854K−$138K$1.1M 990 PDF
FY2024 Viewing $918K$726K$192K$1.2M 990 PDF
FY2023 $786K$720K$66K$1.0M 990 PDF
FY2022 $808K$604K$204K$952K 990 PDF
FY2021 $615K$642K−$28K$748K 990 PDF
FY2020 $577K$401K$175K$776K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $918,084 across 8 lines filed
VIII-1f All other contributions, gifts and grants$898,446
VIII-1h Total contributions, gifts and grants$898,446
VIII-3 Investment incomeExcluded from tax $19,638$19,638
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $19,638$918,084
Part IX · Statement of functional expenses $726,110 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $56,750 · Management $23,148 · Fundraising $23,148$103,046
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $128,676$128,676
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $4,120 · Management $694$4,814
IX-10 Payroll taxesPrograms $6,168 · Management $1,827$7,995
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $200$200
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $26,572$26,572
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionFundraising $6,020$6,020
IX-13 Office expensesPrograms $33,051$33,051
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $17,897 · Management $14,262$32,159
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $22,380$22,380
IX-23 InsuranceManagement $3,513$3,513
IX-24 Other expenses (24a–d)Programs $307,546$307,546
IX-24e All other expensesPrograms $42,314 · Management $5,573 · Fundraising $2,251$50,138
IX-25 Total functional expensesPrograms $618,902 · Management $49,217 · Fundraising $57,991$726,110
Part X · Balance sheet $1,215,407 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $25,297$151,813
X-2 Savings and temporary cash investmentsStart of year $530,391$615,696
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $462,916$447,898
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,018,604$1,215,407
X-25 Other liabilitiesStart of year $857$5,686
X-26 Total liabilitiesStart of year $857$5,686
X-27 Net assets without donor restrictionsStart of year $428,282$620,256
X-28 Net assets with donor restrictionsStart of year $589,465$589,465
X-32 Total net assets or fund balancesStart of year $1,017,747$1,209,721
X-33 Total liabilities and net assetsStart of year $1,018,604$1,215,407
Part XI · Reconciliation of net assets $1,209,721 net assets at year end
XI-1 Total revenue$918,084
XI-2 Total expenses$726,110
XI-3 Revenue less expenses$191,974
XI-4 Net assets at start of year$1,017,747
XI-10 Net assets at end of year$1,209,721

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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