Hamoui Foundation
- Assets
- $12.4m
- Revenue
- $907.0k
- Investments
- $12.4m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-3280120
Organization Overview
Hamoui Foundation is located in Wellesley, MA. The organization was established in 2011. 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. Hamoui 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, Hamoui Foundation generated $907.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.8%) 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 2014, Hamoui Foundation has awarded 56 individual grants totaling $9,153,777. 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 |
|---|---|---|---|
Omar Hamoui President | 5 | $0 | |
Omaima Salous Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $223,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $668,025 |
| Capital Gain Net Income | $668,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,653 |
| Total Revenue | $907,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,573 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,193 |
| Total operating and administrative expenses | $398,262 |
| Contributions, gifts, grants paid | $750,619 |
| Total expenses and disbursements | $1,148,881 |
| 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 | $8,943,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,400,808 |
| 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, Hamoui Foundation has awarded $750,619 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON AMERICAN-ISLAMIC RELATIONS CALIFORNIA (CAIR) PURPOSE: GENERAL CHARITABLE CONTRIBUTION FOR LEGAL ADVOCACY | $50,000 |
SABIL USA PURPOSE: GENERAL CHARITABLE CONTRIBUTION FOR REFUGEE AND HOMELESS POPULATION SERVICES | $20,000 |
UNIVERSITY MUSLIM MEDICAL ASSOCIATION (UMMA) COMMUNITY CLINIC PURPOSE: GENERAL CHARITABLE CONTRIBUTION FOR MEDICAL SERVICES | $50,000 |
MPAC - MUSLIM PUBLIC AFFAIRS COUNCIL PURPOSE: GENERAL CHARITABLE CONTRIBUTION FOR THE CIVIL RIGHTS OF AMERICAN MUSLIMS | $100,000 |
SYRIAN FORUM USA PURPOSE: GENERAL CHARITABLE CONTRIBUTION FOR SYRIAN TO REBUILD THEIR LIVES AND COMMUNITIES | $30,000 |
UCI FOUNDATION PURPOSE: GENERAL CHARITABLE CONTRIBUTION FOR CANCER RESEARCH | $500,000 |