Sanad Trust Foundation Inc
- Assets
- $229.3k
- Revenue
- $215.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 45-2740908
Organization Overview
Sanad Trust Foundation Inc is located in Miami, FL. The organization was established in 2013. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanad Trust 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, Sanad Trust Foundation Inc generated $215.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $149.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO NURTURE, DEVELOP AND SUSTAIN THE INTELLECTUAL AND SPIRITUAL GROWTH OF YOUTH, SENIORS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANAD PREP IS AN ENRICHMENT PROGRAM FOR CHILDREN WHO ARE ENROLLED IN AN ONLINE VIRTUAL PROGRAM AS PUBLIC SCHOOL STUDENTS. WE OFFER EDUCATIONAL CONSULTING AND LEARNING COACH SERVICES FOR GRADES ONE THROUGH TWELVE IN SOUTH FLORIDA. SANAD PREPS'S HOLISTIC APPROACH TO KNOWLEDGE IS INTENDED TO ENSURE LOVE, UNDERSTANDING, AND PRACTICAL APPLICATION OF KNOWLEDGE. THE SERVICES OFFERED INCLUDE TUTORING AND SUPERVISING THE DAY TO DAY EDUCATION OF THE STUDENTS. SANAD COMMUNITY AND OUTREACH ARE SMALLER SEGMENTS OF THE OVERALL SERVICES AND INCLUDE INTERGENERATIONAL PROGRAMS FOR YOUTH, FAMILIES AND SENIORS, INCLUDING PROGRAMS LIKE GAME NIGHTS, WEEKEND FOOD FESTIVALS AT A PARK, BODY AND SOUL CLUB FOR MEN AND WOMEN, BI-ANNUAL PARENTING WORKSHOPS, ETC. THESE PROGRAMS ARE QUARTERLY OR BI-ANNAULY AND SMALL ENOUGH THUS DO NOT REQUIRE SEPARATE ACCOUNTING BY EXPENSES OR INCOME FOR THESE SEGMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Attiqa Syed CFO | Trustee | 0 | $0 |
Rehan Mirza President & CEO | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,517 |
| Government grants | $45,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,884 |
| Total Program Service Revenue | $72,560 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $215,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $71,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,450 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2 |
| Advertising and promotion | $2,610 |
| Office expenses | $5,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,410 |
| All other expenses | $1,028 |
| Total functional expenses | $148,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,210 |
| Savings and temporary cash investments | $66,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,995 |
| 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 | $14,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $229,259 |
| Accounts payable and accrued expenses | $3,148 |
| Grants payable | $2,883 |
| 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 | $116 |
| Total liabilities | $6,147 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $223,112 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $229,259 |