Thaakat Foundation
- Assets
- $278.3k
- Revenue
- $982.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Romeoville, IL
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 33-1212566
Organization Overview
Thaakat Foundation is located in Romeoville, IL. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thaakat 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, Thaakat Foundation generated $982.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $826.4k during the year ending 12/2022. While expenses have increased by 25.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THAAKAT FOUNDATION STRONGLY BELIEVES IN PROMOTING CHARITABLE GIVING AND HUMANITARIAN WORK AMONG THE YOUTH BY SELFLESSLY SUPPORTING THE ACT OF GIVING BACK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THAAKAT FOUNDATION:COMPLETED OUR 3RD HEALTHCARE FACILITY IN SIERRA LEONE ALLOWING US TO TREAT OVER 30,000 PATIENTS TO DATE, 2000+ WHICH WERE TREATED FOR MALARIA THIS YEAR ALONE; EXPANDED DREAMS PAKISTAN SCHOOLS WITH 10 ADDITIONAL CLASSROOMS AND ADOPTION OF A NEW SCHOOL; PROVIDED MORE THAN 180,000 MEALS THROUGH OUR ON CAMPUS LUNCH PROGRAM IN PAKISTAN; LAUNCHED OUR FIRST EVER SCHOOL IN SIERRA LEONE WITH ONE MORE UNDER CONSTRUCTION; INVESTED NEARLY $80,000 IN SUSTAINABLE PROGRAMS: SOLAR ENERGY, SUBSIDIZED FOOD PROGRAMS, LOCAL FARMING PROGRAMS AND CAMPUS IMPROVEMENT INITIATIVES; INVESTED $100,000 IN DISASTER RELIEF INITIATIVES TO SUPPORT PAKISTAN FLOOD VICTIMS (REBUILDING 50 HOMES, FOOD AID RELIEF FOR THOUSANDS, MEDICAL CAMPS); CONSTRUCTED 30 SOLAR POWERED WATER WELLS SINCE 2020; ADVANCED MEDICAL FACILITIES IN PAKISTAN THROUGH ADDITION OF ENT DIAGNOSTIC EQUIPMENT, ULTRASOUND MACHINES AND CONSTRUCTION OF A HIGH DEPENDENCY CARE UNIT. THIS HAS ALLOWED STAFF TO PROVIDE HUNDREDS OF FREE OUTPATIENT SURGERIES THIS YEAR; EQUIPPED CAMPUSES WITH PLAYGROUNDS, SPORTS FIELDS, COMPUTER LABS AND LIBRARIES TO SUPPORT ONGOING EDUCATIONAL AND SOCIAL ENRICHMENT FOR OUR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uzma Bawany Executive Director | OfficerTrustee | 15 | $0 |
Nudrat Zoha COO | OfficerTrustee | 10 | $0 |
Aysha Qamar Board Member | Trustee | 3 | $0 |
Priya Patel Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,173 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $979,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $982,660 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $982,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,955 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $826,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,298 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,298 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $278,298 |
| Net assets with donor restrictions | $0 |
| 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 | $278,298 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Thaakat Foundation has recieved totaling $44,033.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,684 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $12,623 |
Canning Foundation Chicago, IL PURPOSE: TO FURTHER PROGRAM SERVICES | $1,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Pentair Foundation Golden Valley, MN PURPOSE: PROGRAM SUPPORT | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifesong For Orphans Inc Gridley, IL | $55,071,126 | $40,755,637 |
Nph-Usa Chicago, IL | $9,523,398 | $16,657,427 |
One Collective Nfp Elgin, IL | $3,863,320 | $13,470,210 |
International Disaster Emergency Service Inc Noblesville, IN | $11,197,489 | $11,811,244 |
One World Surgery Deerfield, IL | $14,992,462 | $10,254,872 |
Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
Destiny Rescue Usa Inc Fort Wayne, IN | $2,159,510 | $4,562,393 |
Certell Inc Indianapolis, IN | $2,456,190 | $3,831,177 |
International Call Organization Inc Bridgeview, IL | $172,328 | $3,856,996 |
Heroic Hearts Organization Nfp Wheaton, IL | $2,259,688 | $4,346,155 |
Fabretto Childrens Foundation Inc Evanston, IL | $2,557,246 | $3,318,965 |
Project Peanut Butter Maplewood, MO | $330,911 | $3,451,055 |