Great Khalid Foundation Inc

EIN: 834629710 501(c)(3) Education

East Point, GA

Total Revenue
$113,439
Total Expenses
$152,103
Total Assets
$17,903
Net Assets
$17,903
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Principal Officer
Linda Wolfe
Phone
4046840094
Tax Period
2024-01-01 to 2024-12-31

Great Khalid Foundation Inc, founded in 2019, is a small nonprofit in the Education sector that reported $113K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 34% operating deficit.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $113,439
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $113,439

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $53,375
Fundraising Expenses $0
Program Expenses $45,690
Other Expenses $78,728
TOTAL EXPENSES $152,103

Year-over-Year Comparison

2024 2023 Change
Revenue $113,439 $264,760 -0.6%
Expenses $152,103 $214,564 -0.3%
Net Income $-38,664 $50,196 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Khalid Robinson Chairman 10.00
Officer Director
$0 $0 $0
Courtney Stewart Vice Chairman 10.00
Officer Director
$0 $0 $0
Linda Wolfe President 10.00
Officer Director
$0 $0 $0
Reginald Morris Treasurer & Secretary 10.00
Officer Director
$0 $0 $0
Anthony Tomasheski Member 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $113,439 $152,103 $17,903 $-38,664
2023 $264,760 $214,564 $60,232 $50,196
2022 $223,353 $285,161 $33,058 $-61,808
2021 $288,613 $416,878 $96,103 $-128,265
2020 $253,502 $265,278 $222,977 $-11,776
2019 $397,863 $189,643 $234,516 $208,220
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