Gayar Foundation
- Assets
- $1.0m
- Revenue
- $1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 38-3176739
Organization Overview
Gayar Foundation is located in Southfield, MI. The organization was established in 1994. 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. Gayar 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, Gayar Foundation generated $1.7k 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 (28.5%) each year. All expenses for the organization totaled $94.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gayar Foundation has awarded 90 individual grants totaling $670,872. 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.
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 |
|---|---|---|---|
Hesham Gayar President | 2 | $0 | |
Randa Gayar Vice-Pres | 1 | $0 | |
Omar Gayar Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,388 |
| Dividends & Interest | $10,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,771 |
| Capital Gain Net Income | $103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,094 |
| Depreciation | $4,259 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,831 |
| Total operating and administrative expenses | $9,184 |
| Contributions, gifts, grants paid | $85,500 |
| Total expenses and disbursements | $94,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,126 |
| Savings and temporary cash investments | $884,919 |
| 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 | $79,625 |
| Other assets | $0 |
| Total assets | $1,028,670 |
| 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, Gayar Foundation has awarded $85,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND BLANC ISLAMIC CENTER PURPOSE: CHARITY | $17,500 |
BOSTON ISLAMIC SEMINARY PURPOSE: CHARITY | $2,000 |
BAITULMAAL MUSLIM CHARITY PURPOSE: CHARITY | $1,000 |
CENTER OF ARAB AMERICAN PHILANTROPY PURPOSE: CHARITY | $20,000 |
MICHIGAN ISLAMIC INSTITUTE PURPOSE: CHARITY | $3,000 |
ALSABEEL MASJID NOOR AL-ISLAM PURPOSE: CHARITY | $1,000 |