York Foundation
- Assets
- $79.3m
- Revenue
- $7.2m
- Investments
- $74.1m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 31-1621645
Organization Overview
York Foundation is located in Herndon, VA. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. York 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, York Foundation generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, York Foundation has awarded 67 individual grants totaling $6,228,762. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EDUCATIONAL, CULTURAL, RELIGIOUS AND CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO DOMESTIC AND FOREIGN ORGANIZATIONS FOR CHARITABLE, CULTURAL AND EDUCATIONAL ACTIVITIES THAT HELP REFUGEES, POOR AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hisham Altalib PHD President | OfficerTrustee | 3 | $0 |
Tawfic Awji Treasurer | OfficerTrustee | 0.5 | $0 |
Hasan Altalib Secretary | OfficerTrustee | 1 | $0 |
Omar Kasule Director | Trustee | 1 | $0 |
Ahmed Alwani Director | Trustee | 1 | $0 |
Mohammed Totonji Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10 |
| Total Program Service Revenue | $0 |
| Investment income | $7,194,027 |
| 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 | $7,194,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,005,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $882,610 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,296 |
| Pension plan accruals and contributions | $101 |
| Other employee benefits | $227 |
| Payroll taxes | $421 |
| Fees for services: Management | $13 |
| Fees for services: Legal | $38,249 |
| Fees for services: Accounting | $26,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,539,311 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,707 |
| Insurance | $6,250 |
| All other expenses | $0 |
| Total functional expenses | $8,512,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,908,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,586 |
| Net Land, buildings, and equipment | $278,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $74,103,221 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,294,285 |
| Accounts payable and accrued expenses | $14,142 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,397,861 |
| Total liabilities | $37,412,003 |
| Net assets without donor restrictions | $41,879,262 |
| Net assets with donor restrictions | $3,020 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $79,294,285 |
Grants Awarded
Over the last fiscal year, York Foundation has awarded $3,555,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Herndon, VA PURPOSE: PROGRAM ASSIATANCE - COMMUNITY/EDUCATION/SOC SERVICES | $3,500,000 |
Sterling, VA PURPOSE: PROGRAM ASSIATANCE - COMMUNITY/EDUCATION/SOC SERVICES | $20,000 |
Washington, DC PURPOSE: PROGRAM ASSIATANCE - COMMUNITY/EDUCATION/SOC SERVICES | $15,000 |
ISLAMIC SEMINARY FOUNDATION INC PURPOSE: PROGRAM ASSIATANCE - COMMUNITY/EDUCATION/SOC SERVICES | $10,000 |
Washington, DC PURPOSE: PROGRAM ASSIATANCE - COMMUNITY/EDUCATION/SOC SERVICES | $5,000 |
New York, NY PURPOSE: PROGRAM ASSIATANCE - COMMUNITY/EDUCATION/SOC SERVICES | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that York Foundation has recieved totaling $3,500,000.
| Awarding Organization | Amount |
|---|---|
International Institute Of Islamic Thought Herndon, VA PURPOSE: HIGHER EDUCATION SUPPORT | $3,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |