Rasheed Family Foundation
- Assets
- $758.4k
- Revenue
- $239.7k
- Investments
- $672.4k
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 42-1498943
Organization Overview
Rasheed Family Foundation is located in Clinton, IA. The organization was established in 2000. 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. Rasheed 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 12/2021, Rasheed Family Foundation generated $239.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $155.9k during the year ending 12/2021. While expenses have increased by 34.1% per year over the past 6 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.
Since 2016, Rasheed Family Foundation has awarded 80 individual grants totaling $399,761. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $158,875 |
| Interest on Savings | $23,312 |
| Dividends & Interest | $6,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,941 |
| Capital Gain Net Income | $5,435 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,068 |
| Total Revenue | $239,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $565 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $584 |
| Total operating and administrative expenses | $2,134 |
| Contributions, gifts, grants paid | $153,803 |
| Total expenses and disbursements | $155,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,632 |
| Savings and temporary cash investments | $71,365 |
| 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 | $758,446 |
| 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, Rasheed Family Foundation has awarded $153,803 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SERVING HUMANITY PURPOSE: ANNUAL AND EDUCATION DRIVE | $101,000 |
AL QALAM PURPOSE: BUILDING FUND | $10,000 |
Ashburn, VA PURPOSE: ANNUAL DRIVE | $9,000 |
Clinton, IA PURPOSE: ANNUAL DRIVE | $6,000 |
BARTLESVILLE ISLAMIC CENTER PURPOSE: BUILDING FUND | $5,000 |
Moline, IL PURPOSE: ANNUAL DRIVE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |