Zaka Khan Foundation Inc
- Assets
- $10.1k
- Revenue
- $152.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Success, NY
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-2241364
Organization Overview
Zaka Khan Foundation Inc is located in Lake Success, NY. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zaka Khan Foundation Inc 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, Zaka Khan Foundation Inc generated $152.8k 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 (17.5%) each year. All expenses for the organization totaled $205.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Zaka Khan Foundation Inc has awarded 38 individual grants totaling $1,557,364. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HUMANITARIAN RELIEF TO REFUGEES FROM WAR-TORN AREAS OF THE WORLD. FUNDS WERE USED TO PROVIDE HOUSING AND UTILITIES. ALSO SUPPLIED WERE SKILLS TRAINING FOR REFUGEES, CLOTHING, FOOD, BEDS, LINENS, TOILETRIES, DIAPERS, BABY FORMULA, MEDICAL SUPPLIES, BOOKS AND SMALL APPLIANCES.
TO AWARD SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS CHOSEN FOR THEIR COMMITMENT TO PROMOTING EDUCATION & CULTURAL UNDERSTANDING IN THE DEVELOPING WORLD
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,793 |
| Interest on Savings | $0 |
| 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 | $152,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,259 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $549 |
| Total operating and administrative expenses | $3,583 |
| Contributions, gifts, grants paid | $201,925 |
| Total expenses and disbursements | $205,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,135 |
| Savings and temporary cash investments | $0 |
| 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 | $10,135 |
| 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, Zaka Khan Foundation Inc has awarded $201,925 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMANDA DESIMONE PURPOSE: SCHOLARSHIP RECIPIENT | $1,000 |
ABSDUL BASIR RASHIDI PURPOSE: TO SUPPLY FUNDS FOR FOOD DONATION | $29,000 |
SUNDARI RUTH PURPOSE: SCHOLARSHIP RECIPIENT | $1,000 |
ELPIDA HOME PURPOSE: TO SUPPORT THE ORGANIZATIONS EFFORTS TO HOUSE & TRAIN REFUGEES | $170,925 |