Al-Khayr Foundation Inc
- Assets
- $0.0
- Revenue
- $33.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-3863478
Organization Overview
Al-Khayr Foundation Inc is located in Cary, NC. The organization was established in 2009. 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. Al-Khayr Foundation Inc 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, Al-Khayr Foundation Inc generated $33.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $39.1k during the year ending 12/2021. While expenses have increased by 25.8% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFMI TRUST OF INDIA PROVIDE SCHOLARSHIP FOR HIGHER EDUCATION PROVIDE HEALTH CARE TO POOR AND NEEDY PROVIDE HUMANITARIAN SERVICES
ISLAMIC ASSOCIATION OF CARY MOSQUE PROVIDING RELIGIOUS SERVICES HELP POOR AND NEEDY INTERFAITH ACTIVITIES
AIM OF AMERICA PROVIDE SCHOLARSHIP FOR HIGHER EDUCATION ADVOCACY FOR PEACE AND JUSTICE INTERFAITH ACTIVITIES
IAMC ADVOCACY FOR HUMAN RIGHTS PEACE AND JUSTICE INTERFAITH COALITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdul Karim Pathan President Treasurer | 1 | $0 | |
Shama Farooqui Vice President | 0.5 | $0 | |
Nadia Khan VP Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $33,400 |
| 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 | $0 |
| Other expenses | $657 |
| Total operating and administrative expenses | $697 |
| Contributions, gifts, grants paid | $38,420 |
| Total expenses and disbursements | $39,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Al-Khayr Foundation Inc has awarded $38,420 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AFMI CHARITABLE TRUST PURPOSE: PROVIDE SCHOLARSHIP FOR EDUCATION PROVIDE HEALTH CARE PROVIDE HUMANITARIAN SERVICES | $21,000 |
ISLAMIC ASSOCIATION OF CARY PURPOSE: MOSQUE PROVIDING RELIGIOUS SERVICES. HELP POOR AND NEEDY. AND INTERFAITH ACTIVITIES. | $3,320 |
AIM OF AMERICA PURPOSE: ADVOCACY FOR PEACE AND JUSTICE. PROVIDE SCHOLARSHIP FOR EDUCATION. INTERFAITH ACTIVITIES. | $3,000 |
IAMC PURPOSE: ADVOCACY FOR HUMAN RIGHTS PEACE AND JUSTICE | $2,000 |
APEX MOSQUE PURPOSE: MOSQUE PROVIDING RELIGIOUS SERVICES. HELP POOR AND NEEDY. AND INTERFAITH ACTIVITIES. | $1,940 |
Raleigh, NC PURPOSE: MOSQUE PROVIDING RELIGIOUS SERVICES. HELP POOR AND NEEDY. AND INTERFAITH ACTIVITIES. | $1,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |