Ruqiyya Khanum Foundation
- Assets
- $843.4k
- Revenue
- $73.3k
- Investments
- $837.7k
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-1725586
Organization Overview
Ruqiyya Khanum Foundation is located in Saginaw, MI. The organization was established in 2010. 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. Ruqiyya Khanum 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 12/2023, Ruqiyya Khanum Foundation generated $73.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $63.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ruqiyya Khanum Foundation has awarded 29 individual grants totaling $613,786. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DO NOT CARRY OUT ANY CHARITABLE ACTIVITES DIRECTLY. RATHER IT ACHIEVES ITS PROGRAM BY FUNDING OTHER CHARITABLE ORGANIZATION APPAROVED AND REGISTERED WITH INTERNAL REVENUE SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iftikhar Khan Director | 5 | $0 | |
Saroosh Anwar Director | 0 | $0 | |
Waleed Khan Directpr | 0 | $0 | |
Saira Ahsan Director | 0 | $0 | |
Leena Khan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $1,527 |
| 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 | $71,786 |
| Total Revenue | $73,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $361 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,286 |
| Contributions, gifts, grants paid | $61,950 |
| Total expenses and disbursements | $63,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,710 |
| 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 | $837,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $843,427 |
| 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, Ruqiyya Khanum Foundation has awarded $61,950 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE CITIZEN FOUNDTION PURPOSE: RELIEF | $43,750 |
NISHTAR ALUMNI USA PURPOSE: EDUCATIONAL | $15,000 |
RUSQIYYA KHANUM WELFARE SOCIETY PURPOSE: COMMUNITY DEVELOPMENT | $3,200 |