Al-Harastani Foundation
- Assets
- $1.1m
- Revenue
- $318.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flushing, MI
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 38-3689101
Organization Overview
Al-Harastani Foundation is located in Flushing, MI. The organization was established in 2004. 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. Al-Harastani 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, Al-Harastani Foundation generated $318.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (60.2%) each year. All expenses for the organization totaled $150.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Al-Harastani Foundation has awarded 102 individual grants totaling $965,264. 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 |
|---|---|---|---|
Mohammad Al Harastani President | 0 | $0 | |
Maiada Al Masri Vice Preside | 0 | $0 | |
Sami Al Harastani Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $318 |
| 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 | $318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92 |
| Total operating and administrative expenses | $1,796 |
| Contributions, gifts, grants paid | $148,389 |
| Total expenses and disbursements | $150,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,108,840 |
| 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 | $1,108,840 |
| 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, Al-Harastani Foundation has awarded $148,389 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SWAISA PURPOSE: CHARITY | $22,000 |
CAIR PURPOSE: CHARITY | $10,000 |
YAQEEN PURPOSE: CHARITY | $10,000 |
FLINT ISLAMIC CENTER PURPOSE: CHARITY | $26,389 |
LIFE PURPOSE: CHARITY | $10,000 |
MI ISLAMIC INSTITUTE PURPOSE: CHARITY | $10,000 |