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Nonprofit · EIN 83-4629710

GREAT KHALID FOUNDATION INC

Tax-exempt · EAST POINT, GA 30344

Financials

$265K$215K2023$113K$152K2024
Revenue Expenses · by fiscal year end
Financials of GREAT KHALID FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$113,439$152,103-$38,664$17,903$0$17,903
December 31, 2023990$264,760$214,564$50,196$60,232$3,665$56,567
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$113,439
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$20,000
Other salaries and wages
$48,462
Salaries, compensation and benefits (total)
$53,375
Professional fundraising fees
$0
Legal fees
$9,069
Accounting fees
$5,775
Occupancy
$31,548
Travel
$7,826
Program services (functional)
$45,690
Management and general (functional)
$106,413

Balance sheet and other

Total assets, start of year
$60,232
Total assets, end of year
$17,903
Total liabilities, end of year
$0
Net assets, end of year
$17,903
Net assets without donor restrictions
$17,903
Gross receipts
$113,439
Employees
2
Volunteers
15
Year formed
2019
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Khalid RobinsonChairman
Trustee or director, Officer
10$0
Courtney StewartVice Chairman
Trustee or director, Officer
10$0
Linda WolfePresident
Trustee or director, Officer
10$0
Reginald MorrisTreasurer & Secretary
Trustee or director, Officer
10$0
Anthony TomasheskiMember
Trustee or director
5$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Khalid RobinsonChairman
Trustee or director, Officer
10$0
Courtney StewartVice Chairman
Trustee or director, Officer
10$0
Linda WolfePresident
Trustee or director, Officer
10$0
Reginald MorrisTreasurer & Secretary
Trustee or director, Officer
10$0
Anthony TomasheskiMember
Trustee or director
5$0

Address and contacts

Address (IRS master file)
3645 MARKETPLACE BLVD 130-318, EAST POINT, GA 30344-5940
In care of
% LINDA WOLFE
Principal officer (990 for 2024)
Linda Wolfe, 3645 Marketplace Blvd 130-318, East Point, GA 30344
Signed the 990
Linda Wolfe, President
Phone
(404) 684-0094
Return prepared by
Aprio Advisory Group LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • The Performing Arts Scholarship is a $10,000 merit-based scholarship awarded to high school seniors pursuing higher education in a performing arts program. Students are recognized for their academic achievements and artistic ability. Since its inception, The Great Khalid Foundation has awarded more than $50,000 in academic scholarships. The application is open to students across the United States. Applicants must be high school seniors, hold a GPA of 3.5 or higher, submit an acceptance letter into a performing arts collegiate level program, submit a written essay, and submit a video performance. Scholarship funds are paid directly to the student's school and can be applied to tuition expenses, room and board, or textbook purchases.
    Expenses $45,690 · grants $20,000
  • Christmas with Khalid is an El Paso area need-based program striving to keep the spirit of Christmas alive for young children who might not otherwise have a gift to open on Christmas Day. Khalid personally distributes brand new, wrapped Christmas gifts to elementary school children every December. Since its inception, The Great Khalid Foundation has served 2,000 students. Elementary school personnel are invited to apply every fall.
  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-4629710
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$17,903
Income (IRS master file)
$113,439

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$113,439$152,103$17,903XML
990December 2023$264,760$214,564$60,232XML
990December 2022$223,353$285,161$33,058IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-4629710).

Questions about GREAT KHALID FOUNDATION INC

What is the EIN of GREAT KHALID FOUNDATION INC?
The employer identification number (EIN) of GREAT KHALID FOUNDATION INC is 83-4629710.
Is GREAT KHALID FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to GREAT KHALID FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREAT KHALID FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREAT KHALID FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREAT KHALID FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREAT KHALID FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Linda Wolfe.
Who are the officers and directors of GREAT KHALID FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does GREAT KHALID FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $113,439, expenses of $152,103 and total assets of $17,903 at year end.

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