The Azeez Foundation
- Assets
- $0.0
- Revenue
- $1.5m
- Investments
- $9.0m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 08/1998
- Data as of
- 12/2020
- EIN
- 23-2967146
Organization Overview
The Azeez Foundation is located in Palm Beach Gardens, FL. 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. Azeez 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 12/2020, Azeez Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2020. While expenses have increased by 12.1% per year over the past 6 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 2014, Azeez Foundation has awarded 660 individual grants totaling $7,037,578. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Azeez President/chairman | 2 | $0 | |
Kathleen Azeez Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,281 |
| Interest on Savings | $0 |
| Dividends & Interest | $226,513 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,367 |
| Total Revenue | $1,544,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $337,292 |
| Contributions, gifts, grants paid | $1,273,396 |
| Total expenses and disbursements | $1,610,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,180,807 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,724,771 |
Grants Awarded
Over the last fiscal year, The Azeez Foundation has awarded $1,402,932 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
IMPACTISREAL PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $863,532 |
PURPLE MOUNTAIN INSTITUTE PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $50,000 |
BOYS & GIRLS CLUB OF ATLANTIC COUNTY PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $40,000 |
Galloway, NJ PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $35,000 |
Aspen, CO PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $30,000 |
TEMPLE BETH AM PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $25,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |