Great Khalid Foundation Inc

Nonprofit profile at a glance

EIN
834629710
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
East Point, GA, USA
Phone
4046840094
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$113,439
Expenses
$152,103
Assets
$17,903
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Linda Wolfe (President)

People named in this filing

  • Khalid Robinson (Chairman)
  • Courtney Stewart (Vice Chairman)
  • Linda Wolfe (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 32
  • Transparency & Controls: 94
  • Accountability: 70
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.3%; rating input score 40
  • Program expense ratio: 30%; rating input score 30
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -34.1%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -8% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -16.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -42.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 40.3% of revenue deployed · 30% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $46K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 30/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.