Straight Path Foundation
- Assets
- $673.4k
- Revenue
- $238.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Dearborn Heights, MI
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-3347084
Organization Overview
Straight Path Foundation is located in Dearborn Heights, MI. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Straight Path 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 12/2021, Straight Path Foundation generated $238.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.4% each year . All expenses for the organization totaled $94.6k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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, Straight Path Foundation has awarded 82 individual grants totaling $694,307. 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 |
|---|---|---|---|
Mazen Sabbaq President | 2 | $0 | |
Raneem Sabbaq Treasurer | 2 | $0 | |
Rania Al-Jandaly Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,549 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $238,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $1,374 |
| Contributions, gifts, grants paid | $93,190 |
| Total expenses and disbursements | $94,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,958 |
| Savings and temporary cash investments | $626,487 |
| 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 | $673,445 |
| 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, Straight Path Foundation has awarded $93,190 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SWASIA PURPOSE: CHARITY | $33,500 |
MERCY USA PURPOSE: CHARITY | $13,000 |
ISLAMIC RELIEF PURPOSE: CHARITY | $11,500 |
MUSLIM UNITY CENTER PURPOSE: CHARITY | $10,190 |
HUDA PURPOSE: CHARITY | $5,000 |
MCM PURPOSE: CHARITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |