Mushtaq H Merchant Family Foundation
- Assets
- $1.3m
- Revenue
- $75.4k
- Investments
- $956.2k
- Employees
- 0
- Location
- Deer Park, IL
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 36-4334711
Organization Overview
Mushtaq H Merchant Family Foundation is located in Deer Park, IL. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mushtaq H Merchant Family 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, Mushtaq H Merchant Family Foundation generated $75.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $210.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mushtaq H Merchant Family Foundation has awarded 35 individual grants totaling $989,350. 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 |
|---|---|---|---|
Mushtaq H Merchant President | 2 | $0 | |
Sandra D Merchant Vice President | 1 | $0 | |
Jeffrey H Merchant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,145 |
| Capital Gain Net Income | $25,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,418 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $210,500 |
| Total expenses and disbursements | $210,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $372,029 |
| 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 | $1,328,229 |
| 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, Mushtaq H Merchant Family Foundation has awarded $210,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AL BAQEE ORGANIZATION PURPOSE: PROTECTION & RESTORATION OF ISLAM HERITAGE | $5,000 |
ISLAMIC EDUCATION CENTER PURPOSE: RELIGIOUS SERVICES AND COMMUNITY SUPPORT | $104,000 |
IMAM MAHDI ASSOIATION OF MARJAEY PURPOSE: RELIGIOUS SERVICES AND COMMUNITY SUPPORT | $100,000 |
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL SEVICES FOR THE NEEDY | $500 |
NORTHERN ILLINOIS FOOD BANK PURPOSE: PROVIDING FOOD FOR THE NEEDY | $1,000 |