Albaba School Foundation
- Assets
- $5.9m
- Revenue
- $3.2m
- Investments
- $5.8m
- Employees
- 0
- Location
- Pearland, TX
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-1373879
Organization Overview
Albaba School Foundation is located in Pearland, TX. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albaba School 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, Albaba School Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Albaba School Foundation has awarded 59 individual grants totaling $1,962,655. 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 |
|---|---|---|---|
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,380,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $895,233 |
| Capital Gain Net Income | $740,773 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$110,440 |
| Total Revenue | $3,173,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,487 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,432 |
| Total operating and administrative expenses | $80,427 |
| Contributions, gifts, grants paid | $1,062,700 |
| Total expenses and disbursements | $1,143,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,425 |
| Savings and temporary cash investments | $489 |
| 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 | $5,831,608 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,867,522 |
| 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, Albaba School Foundation has awarded $1,062,700 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CLEARLAKE ISLAMIC CENTER PURPOSE: RELIGIOUS CENTER | $642,500 |
IMAM ACADEMY PURPOSE: RELIGIOUS CENTER | $60,000 |
ISLAMIC SOCIETY OF GREATER HOUSTON PURPOSE: RELIGIOUS CENTER | $120,000 |
MULTICULTURAL CENTER PURPOSE: RELIGIOUS CENTER | $10,000 |
MED GLOBAL PURPOSE: HEALTH CARE | $55,000 |
MISHKAH PURPOSE: RELIGIOUS CENTER | $24,000 |