Rain Drop Foundation INC FY2022 filing

Tax-deductible

Houston, TX501(c)(3)EducationEIN 76-0664313

RaindropTurkish Houseisa non-profitSOl(c)(l) educational,charitable,socialand culturalorganizationfoundedbyTurkish-Americansin2000. AfterSchoolanddaycareactivities. Turkishculturesandchildren'sfestival.Turkishlanguageandcultureolympiadandinterculturaltrips.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$51K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.3M a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$51K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $1.7M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.1M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.0M
+53% vs prior year
Spent
$3.7M
To programs
73%
Net assets
$7.8M
By yearFY2020–FY2024
Revenue
$6.0M
FY2022▲ +53%
Revenue by fiscal year
FY2020$2.1M
FY2021$3.9M
FY2022$6.0M
FY2023$6.1M
FY2024$4.8M
Expenses
$3.7M
FY2022▲ +38%
Expenses by fiscal year
FY2020$2.3M
FY2021$2.7M
FY2022$3.7M
FY2023$3.9M
FY2024$3.9M
Net assets
$7.8M
FY2022▲ +41%
Net assets by fiscal year
FY2020$4.3M
FY2021$5.6M
FY2022$7.8M
FY2023$10.0M
FY2024$10.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2002.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $2.7M Management & general 22% · $819K Fundraising 5% · $170K

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

Who runs it and what they're paid

10 people listed on the 990; $51K paid to officers and key staff.

Part VII, Section A · reportable compensation
$50,754Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Meral’s $76K as CEO is at the 16th percentile of top reported officer pay among 3395 $1–10M education 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nusret Kaya————$76,421
David Meral$75,729————
Nusret Kaya———$65,908—
Huseyin Tokcan—$50,779$50,754——

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.

See Rain Drop Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Offers after-school programs, cultural festivals, language classes, and intercultural trips.

Provided by the organization

This section is blank until Rain Drop Foundation INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $2.7M of program spending, described in the organization's own filed words · FY2022.
01

Achievements include educational, cultural programs, weekend schools, festivals and charitable services provided through community centers.

$2.7Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 2 grants · $759K · 2021–2023
Unitemized GrantFY2023$421,750
Unitemized GrantFY2021$337,250

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Gifts and grantsLn 1h$4.7M
Fees for servicesLn 2g$972K
Other incomeLn 4–11$274K
Money outPt IX
$3.7M
Ln 25
Programscol B$2.7M
Managementcol C$819K
Fundraisingcol D$170K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$13.9M
LiabilitiesLn 26$6.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Fees for servicesLn 2g$972K
Other incomeLn 4–11$274K
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$11.7M
Other assetsLn 15$110K
Total assetsLn 16$13.9M
LiabilitiesLn 26$6.1M
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 527
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.1M$2.0M
Land, buildings, equipmentLn 10c$10.5M$11.7M
Total assetsLn 16$11.8M$13.9M
LiabilitiesLn 26$6.3M$6.1M
Net assetsLn 32$5.6M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$428K$428K
Pay of current officers, directors and key staffLn 5$292K$163K$85K$44K
Other salaries and wagesLn 7$962K$780K$136K$46K
Payroll taxesLn 10$115K$87K$20K$8K
Other fees for servicesLn 11g$30K$21K$6K$3K
Information technologyLn 14$6K$4K$1K$608
OccupancyLn 16$167K$117K$33K$17K
InterestLn 20$430K$430K
Depreciation, depletion and amortizationLn 22$319K$223K$64K$32K
InsuranceLn 23$19K$13K$4K$2K
Other expenses (24a–d)Ln 24$925K$875K$34K$17K
All other expensesLn 24e$13K$6K$6K$845
Total functional expensesLn 25$3.7M$2.7M$819K$170K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.8M$3.9M$927K$10.9M 990 PDF
FY2023 $6.1M$3.9M$2.2M$10.0M 990 PDF
FY2022 Viewing $6.0M$3.7M$2.3M$7.8M 990 PDF
FY2021 $3.9M$2.7M$1.2M$5.6M 990 PDF
FY2020 $2.1M$2.3M−$214K$4.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $5,959,747 across 5 lines filed
VIII-1f All other contributions, gifts and grants$4,713,834
VIII-1h Total contributions, gifts and grants$4,713,834
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $972,199$972,199
VIII-6 Net rental income or lossRelated to mission $273,714$273,714
VIII-12 Total revenueRelated to mission $1,245,913 · Unrelated business $0 · Excluded from tax $0$5,959,747
Part IX · Statement of functional expenses $3,705,272 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $427,650$427,650
IX-5 Pay of current officers, directors and key staffPrograms $162,564 · Management $85,337 · Fundraising $44,186$292,087
IX-7 Other salaries and wagesPrograms $779,662 · Management $136,059 · Fundraising $45,902$961,623
IX-10 Payroll taxesPrograms $86,657 · Management $20,362 · Fundraising $8,285$115,304
IX-11g Other fees for servicesPrograms $21,189 · Management $6,054 · Fundraising $3,027$30,270
IX-14 Information technologyPrograms $4,256 · Management $1,216 · Fundraising $608$6,080
IX-16 OccupancyPrograms $116,789 · Management $33,368 · Fundraising $16,684$166,841
IX-20 InterestManagement $429,889$429,889
IX-22 Depreciation, depletion and amortizationPrograms $223,074 · Management $63,735 · Fundraising $31,868$318,677
IX-23 InsurancePrograms $13,296 · Management $3,799 · Fundraising $1,899$18,994
IX-24 Other expenses (24a–d)Programs $874,771 · Management $33,654 · Fundraising $16,828$925,253
IX-24e All other expensesPrograms $5,897 · Management $5,862 · Fundraising $845$12,604
IX-25 Total functional expensesPrograms $2,715,805 · Management $819,335 · Fundraising $170,132$3,705,272
Part X · Balance sheet $13,876,309 assets, 9 lines filed
Asset lines not itemized here account for $12,666; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,145,363$2,030,972
X-10c Land, buildings and equipment, netStart of year $10,532,392$11,723,071
X-15 Other assetsStart of year $132,192$109,600
X-16 Total assetsStart of year $11,834,619$13,876,309
X-17 Accounts payable and accrued expensesStart of year $106,449$82,747
X-26 Total liabilitiesStart of year $6,280,665$6,067,880
X-27 Net assets without donor restrictionsStart of year $5,553,954$7,808,429
X-32 Total net assets or fund balancesStart of year $5,553,954$7,808,429
X-33 Total liabilities and net assetsStart of year $11,834,619$13,876,309
Part XI · Reconciliation of net assets $7,808,429 net assets at year end
XI-1 Total revenue$5,959,747
XI-2 Total expenses$3,705,272
XI-3 Revenue less expenses$2,254,475
XI-4 Net assets at start of year$5,553,954
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,808,429

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.