Khaki Foundation
- Assets
- $14.1m
- Revenue
- $2.1m
- Investments
- $13.6m
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 20-0461805
Organization Overview
Khaki Foundation is located in Kirkland, WA. The organization was established in 2004. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Khaki Foundation 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 12/2022, Khaki Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 11.9% per year over the past 8 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.
Since 2015, Khaki Foundation has awarded 99 individual grants totaling $4,325,113. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAVEL EXPENSES INCURRED IN 2016 ARE RELATED TO GRANTS MADE BETWEEN 2004 - 2016 TO TANZANIA ORGANIZATIONS AND PROJECTS LISTED BELOW:1)KHOJA SHIA ITHNA ASHERI JAMAATS: FUNDING FOR LOAN PROGRAM FOR FURTHER EDUCATION OF NEEDY STUDENTS;2)IZAAS MEDICAL PROJECT: PROVIDE CARE AND SUPPORT TO DISABLED AND VULNERABLE CHILDREN AND ADULTS THROUGH CORRECTIVE SURGERY, FINANCIAL MEDICAL ASSISTANCE, NUTRITIONAL SUPPORT SO THAT THEY ARE ABLE TO PARTICIPATE FULLY IN SOCIETY WITH ENHANCED QUALITY OF LIFE;3)WIPAHS: SUPPORT FOR ORPHANS AND NEEDY STUDENTS;4)KABWOBA ISLAMIC EDUCATION INSTITUTE: CONSTRUCTION OF STUDENT DINING HALL AND LABORATORIES FOR SECONDARY SCHOOL. PURPOSE OF THE TRAVEL WAS TO: 1)PROVIDE MANAGEMENT CONSULTATION, MENTORING AND TRAINING FOR LEADERSHIP DEVELOPMENT IN SUPPORT OF THE PROJECTS SUPPORTED;2)TRAINING TO ENSURE COMPLIANCE AND GOOD GOVERNANCE.FOR FURTHER DETAILS ON ORGANIZATIONS AND PROJECTS SUPPORTED, PLEASE REFER TO HTTP://KHAKIFOUNDATION.COM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohamed Jawad Khaki Director/president/treas. | 0 | $0 | |
Kanize Fatima Khaki Director/vp/secretary | 0 | $0 | |
Ateqah Khaki Director | 0 | $0 | |
Ali Raza Khaki Director | 0 | $0 | |
Asiya Khaki Director | 0 | $0 | |
Khadijah Khaki Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $514,445 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,568,876 |
| Capital Gain Net Income | $1,568,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,113,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,413 |
| Printing and publications | $0 |
| Other expenses | $175,238 |
| Total operating and administrative expenses | $212,724 |
| Contributions, gifts, grants paid | $930,575 |
| Total expenses and disbursements | $1,143,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $546,221 |
| 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 | $1,643 |
| Total assets | $14,140,872 |
| 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, Khaki Foundation has awarded $930,575 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AL-KAWTHAR FOUNDATION PURPOSE: ESTABLISHMENT OF COMMUNITY CENTERS | $369,570 |
ITHNA-ASHERI MUSLIM ASSOCIATION OF THE NORTHWEST PURPOSE: ESTABLISHMENT OF COMMUNITY CENTERS | $275,956 |
HUMAN DEVELOPMENT FOUNDATION PURPOSE: FUNDING FOR SOLAR OPERATED REVERSE OSMOSIS PLANT FOR CLEAN WATER FOR VULNERABLE POPULATION IN PAKISTAN | $50,000 |
WIPAHS PURPOSE: ASSISTANCE WITH PROGRAM-EDUCATIONAL ASSISTANCE FOR THE NEEDY | $13,119 |
FAMILY EDUCATION SERVICES FOUNDATION PURPOSE: SUPPORT FOR DEAF STUDENTS IN PAKISTAN | $114,015 |
FRIENDS' EDUCATIONAL & MEDICAL TRUST PURPOSE: PAKISTAN FLOOD RELIEF | $100,000 |