Osmani Family Foundation Ofillinois Usa
- Assets
- $181.2k
- Revenue
- $16.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Inverness, IL
- Founding
- 06/2008
- Data as of
- 12/2023
- EIN
- 26-0226100
Organization Overview
Osmani Family Foundation Ofillinois Usa is located in Inverness, IL. The organization was established in 2008. 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. Osmani Family Foundation Ofillinois USA 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, Osmani Family Foundation Ofillinois USA generated $16.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $3.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rashid Osmani Executive Director | 1 | $0 | |
Basith Osmani Director | 0 | $0 | |
Arshad Osmani Director | 0 | $0 | |
Humaira Saiyed Director | 0 | $0 | |
Jana Osmani Director | 0 | $0 | |
Haroon Osmani Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,408 |
| Interest on Savings | $7,101 |
| Dividends & Interest | $361 |
| 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 | $16,870 |
| 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 | $96 |
| Other expenses | $195 |
| Total operating and administrative expenses | $291 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $3,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270 |
| Savings and temporary cash investments | $179,949 |
| 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 | $181,219 |
| 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, Osmani Family Foundation Ofillinois Usa has awarded $3,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ZAYTUNA COLLEGE PURPOSE: DONATION | $1,000 |
HDF PURPOSE: DONATION | $1,000 |
UMMA CENTER PURPOSE: DONATION | $1,000 |