Qazi Foundation
- Assets
- $50.3k
- Revenue
- $244.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 35-2166479
Organization Overview
Qazi Foundation is located in Southfield, MI. The organization was established in 2002. 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. Qazi 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, Qazi Foundation generated $244.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $287.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Qazi Foundation has awarded 131 individual grants totaling $5,127,098. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammad Qazi President, Treasurer & Dir | 5 | $0 | |
Farhat Qazi Director | 5 | $0 | |
Anis Kahn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $244,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $6 |
| 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 | $0 |
| Total Revenue | $244,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,140 |
| Total operating and administrative expenses | $16,890 |
| Contributions, gifts, grants paid | $270,083 |
| Total expenses and disbursements | $286,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,319 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,319 |
| 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, Qazi Foundation has awarded $270,083 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC COUNCIL OF THE US INC PURPOSE: PROMOTES CONSTRUCTIVE LEADERSHIP AND ENGAGEMENT IN INTERNATIONAL AFFAIRS BASED ON THE ATLANTIC COMMUNITY'S CENTRAL ROLE IN MEETING GLOBAL CHALLENGES. | $100,000 |
CELANI FAMILY FOUNDATION PURPOSE: ADDRESS NEED OF YOUTH AND FIGHT HUNGER | $25,000 |
DETROIT INSTITUTE OF ARTS PURPOSE: CREATES EXPERIENCES THAT HELP EACH VISITOR FIND PERSONAL MEANING IN ART. | $55,000 |
LAHORE GRAMMAR SCHOOL PURPOSE: COMBINE COLLABORATIVE LEARNING, CRITICAL AND LOGICAL THINKING SKILLS, AND A DIVERSE CO-CURRICULAR PROGRAM TO HELP CREATE A MORE BALANCED, WELL-ROUNDED INDIVIDUAL | $4,487 |
RIPHAH INTERNATIONAL UNIVERSITY PURPOSE: STUDENT TUITION | $567 |
NED SCHOLARS PURPOSE: STEM EDUCATION IN PAKISTAN | $7,500 |