Afk Foundation Inc
- Assets
- $303.0k
- Revenue
- $274.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 11-3416763
Organization Overview
Afk Foundation Inc is located in Jericho, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afk Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Afk Foundation Inc generated $274.4k in total revenue. All expenses for the organization totaled $42.1k during the year ending 12/2023. While expenses have increased by 34.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUTION SUPPORT FOR MR. INSHA AKRAM, A KASHMIRRI STUDENT PURSUING MASTERS IN CULTURAL CURATING IN UNIVERITY OF BUFFALO.
TUTION SUPPORT FOR MR. QAMOOS BUKHARI, A KASHMIRRI STUDENT PURSUING MASTERS IN CULTURAL CURATING IN UNIVERITY OF LONDON, UK.
TUTION SUPPORT FOR MRS. SAUBAH BAZAZ, KASHMIRI STUDENT PURSUING MASTERS IN ENVIRONMENT AT UNIVERSITY OF LONDON.
TUTION SUPPORT FOR MS. FOUZIA BHAT, KASHMIRI STUDENT PURSUING MASTERS IN ENVIRONMENT AT UNIVERSITY OF MN IN DULUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Faroque A Khan President | 0 | $0 | |
Dr Arfa Khan Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $274,424 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $274,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,255 |
| Total operating and administrative expenses | $6,705 |
| Contributions, gifts, grants paid | $35,410 |
| Total expenses and disbursements | $42,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,032 |
| Savings and temporary cash investments | $240,995 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $303,027 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Afk Foundation Inc has awarded $33,410 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INSHA AKRAM PURPOSE: EDUCATIONAL SCHOLARSHIP | $11,843 |
FOUZIA BHAT PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
SAIBAH BAZAZ PURPOSE: EDUCATIONAL SCHOLARSHIP | $7,450 |
QAMOOS BUKHARI PURPOSE: EDUCATION SCHOLARSHIP | $10,117 |