Momineen Welfare Foundation Of America

Organization Overview

Momineen Welfare Foundation Of America is located in Morton Grove, IL. The organization was established in 2011. 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. Momineen Welfare Foundation Of America 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, Momineen Welfare Foundation Of America generated $237.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $53.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE MEMBERS OF MOMINEEN FOUNDATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PURCHASED 16 GRAVE SLOTS IN A CEMETERY IN DALLAS, TX FOR USE BY MEMBERS.PROVIDED FINANCE IN SUPPORT OF A YOUTH CAMP FOR MEMBER CHILDRENPUT USD 1000 IN ESCROW WITH THE STEWART TITLE COMPANY TOWARD FUTURE PURCHASE OF PROPERTY IN ROSENBERG, TXPROVIDED FINANCIAL ASSISTANCE TO:2 MEMBERS IN FINANCIAL HARDSHIP1 MEMBER FOR ASSISTANCE WITH MEDICAL EXPENSES1 MEMBER WITH BURIAL EXPENSES DUE TO DEATH IN THE FAMILY4 MEMBERS FOR EDUCATIONAL EXPENSES1 MEMBER FOR BUSINESS FUNDING.1 MEMBER FOR HOUSING (DOWN PAYMENT)1 MEMBER FOR AUTOMOBILE PURCHASE


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Board, Officers & Key Employees

Name (title)Compensation
Nadeem Naim
Secretary
$0
Javid Ali
Vice President
$0
Shafique Mohamedi
President
$0
Shaukat Shakir
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$16,696
Fundraising events$202,589
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$128
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$219,413
Total Program Service Revenue$0
Investment income $18,447
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $237,860

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