Sadr Foundation
- Assets
- $603.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Dearborn, MI
- Founding
- 09/1999
- Data as of
- 05/2024
- EIN
- 38-3459402
Organization Overview
Sadr Foundation is located in Dearborn, MI. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 05/2024, Sadr Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sadr 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 05/2024, Sadr Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.5m during the year ending 05/2024. While expenses have increased by 10.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FOR ORPHANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE AND ADMINISTER FUNDS FOR EDUCATION, CHARITYAND PUBLIC WELFARE PURPOSES AS WELL AS ASSESS HELPAND ADDRESS THE NEEDS OF ORPHANS AND NEEDY PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohamad Chebbani Director | Trustee | 0 | $0 |
Rached Masri CEO | Trustee | 0 | $0 |
Linda Charara Director | Trustee | 0 | $0 |
Leila Fawaz Director | Trustee | 0 | $0 |
Maha Alhusseini Director | Trustee | 0 | $0 |
Mohamed Bandar Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,522,853 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,522,853 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,475 |
| 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 | $1,515,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,702 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,365,000 |
| 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 | $10,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,594 |
| Office expenses | $13,931 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,171 |
| Insurance | $897 |
| All other expenses | $76,808 |
| Total functional expenses | $1,529,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,968 |
| 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 | $446,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,932 |
| Accounts payable and accrued expenses | $2,400 |
| 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 | $2,400 |
| Net assets without donor restrictions | $0 |
| 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 | $601,532 |
| Total liabilities and net assets/fund balances | $603,932 |
Grants Awarded
Over the last fiscal year, Sadr Foundation has awarded $0 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ISLAMIC COMMUNITY CENTER PURPOSE: CHARITABLE | $0 |
GREENLAND MARKET PURPOSE: CHARTIBALE | $0 |
ISLAMIC CENTER OF AMERICA PURPOSE: CHARITBALE | $0 |
ALZAHRAA FOUNDATION PURPOSE: CHARITABLE | $0 |
AMERICAN EDUCATION FOUNDATION PURPOSE: CHARITBALE | $0 |
BINT JBEIL BANQUET PURPOSE: CHARITBALE | $0 |