Shakir Charitable Trust
- Assets
- $1.8m
- Revenue
- $45.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 05/2008
- Data as of
- 12/2023
- EIN
- 20-7318341
Organization Overview
Shakir Charitable Trust is located in Troy, MI. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community 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. Shakir Charitable Trust 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, Shakir Charitable Trust generated $45.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $126.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Shakir Charitable Trust has awarded 82 individual grants totaling $484,695. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND PROVIDE RELIEF, ASSISTANCE, CONTRIBUTIONS OR EDUCATION IN CONNECTION WITH MEDICAL, HEALTH, EDUCATION, AND CHARITABLE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alaa A Elmoursi Trustee | 0 | $1,725 | |
Shreef H Akeel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,447 |
| Dividends & Interest | $36,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,501 |
| Capital Gain Net Income | $7,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,725 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,145 |
| Contributions, gifts, grants paid | $111,000 |
| Total expenses and disbursements | $126,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,578 |
| Savings and temporary cash investments | $0 |
| 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 | $1,709,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,797,620 |
| 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, Shakir Charitable Trust has awarded $111,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAMIC SOCIETY OF NORTH AMERICA PURPOSE: EDUCATIONAL SCHOLARSHIPS | $20,000 |
AMERICAN HUMAN RIGHTS COUNCIL PURPOSE: SUPPORT FOR ANNUAL FUNDRAISING EVENT | $2,500 |
CENTER FOR ARAB AMERICAN PHILANTHRO PURPOSE: EDUCATIONAL SCHOLARSHIPS | $2,500 |
WOMEN FOR HUMANITY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $10,000 |
MUSLIM FAMILY SERVICE PURPOSE: SUPPORT DAILY OPERATIONS | $2,500 |
ISLAMIC CULTURAL INSTITUTE PURPOSE: SUPPORT DAILY OPERATIONS | $2,500 |