Afr Foundation
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 38-3123848
Organization Overview
Afr Foundation is located in Southfield, MI. The organization was established in 1993. 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. Afr 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, Afr Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $74.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Afr Foundation has awarded 61 individual grants totaling $317,957. 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 |
|---|---|---|---|
Mostafa M Afr President | 2 | $0 | |
Zeinab Afr V-President | 1 | $0 | |
Tamer Afr Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,040,756 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| 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 | $1,040,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,773 |
| Total operating and administrative expenses | $12,798 |
| Contributions, gifts, grants paid | $61,375 |
| Total expenses and disbursements | $74,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,094 |
| Savings and temporary cash investments | $1,030,000 |
| Net Accounts receivable | $48,923 |
| 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 | $1,152,017 |
| 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, Afr Foundation has awarded $61,375 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
HUDA SCHOOL PURPOSE: CHERITY | $2,000 |
ZAKAT FOUNDATION OF AMERICA PURPOSE: CHERITY | $2,000 |
QURAN INSTITUTE PURPOSE: CHARITY | $10,000 |
UNITY CENTER PURPOSE: EDUCTION | $11,725 |
AL EKHLAS TRANING ACADMY PURPOSE: EDUCATION | $6,000 |
HELP HAND PURPOSE: CHARITY | $6,000 |