HIRAYA FOUNDATION FOR FILIPINO- AMERICAN HERITAGE PRESERV

EIN: 874757472 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$35,435
Total Expenses
$9,028
Total Assets
$3,139
Net Assets
$-44,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
ROMULO AROMIN JR MD
Phone
7329252608
Tax Period
2023-01-01 to 2023-12-31

HIRAYA FOUNDATION FOR FILIPINO- AMERICAN HERITAGE PRESERV, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 75% operating margin.

Mission

HIRAYA FOUNDATION FOR THE FILIPINO-AMERICAN HERITAGE PRESERVATION, INC. (HIRAYA FOUNDATION) AIMS TO (I) CONTRIBUTE TO THE CONSERVATION OF ENDANGERED PHILIPPINE CRAFTS AND CULTURAL IDENTITIES AND HELP ELEVATE THESE TOWARDS SUSTAINABILITY AND PROGRESS AND (II) WORK TOWARDS THE CREATION OF A PERMANENT CULTURAL CENTER IN NEW YORK CITY FOR FILIPINOS, FILIPINO- AMERICANS AND THEIR SUPPORTERS. THE HIRAYA FOUNDATION SHALL SPEARHEAD THE EFFORTS OF THE FILIPINO-AMERICAN COMMUNITY IN PROMOTING AND PRESERVING FILIPINO HERITAGE IN THE UNITED STATES AND IN THE PHILIPPINES AND THE IMPORTANT CONTRIBUTIONS OF FILIPINOS TO AMERICAN SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $31,150
Program Service Revenue $4,285
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,951
Other Expenses $9,028
TOTAL EXPENSES $9,028

Year-over-Year Comparison

2023 2022 Change
Revenue $35,435 $342,943 -0.9%
Expenses $9,028 $413,520 -1.0%
Net Income $26,407 $-70,577 -1.4%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONORA GALLEROS TREASURER 2.00
Officer Director
$0 $0 $0
DELY GO VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ROMULO AROMIN JR MD PRESIDENT/CH 2.00
Officer Director
$0 $0 $0
JOVY RABELAS IMPLEMENTATI 2.00
Officer Director
$0 $0 $0
LARRY SAFRAIN SECRETARY 2.00
Officer 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 No data No data No data No data
2023 $35,435 $9,028 $3,139 $26,407
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