Samad Foundation
- Assets
- $1.6m
- Revenue
- $870.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bothell, WA
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 45-3118183
Organization Overview
Samad Foundation is located in Bothell, WA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samad 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, Samad Foundation generated $870.0 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 (42.6%) each year. All expenses for the organization totaled $96.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Samad Foundation has awarded 88 individual grants totaling $1,048,488. 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
THE CORPORATION IS ORGANIZED,EXCLUSIVELY FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXAMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ejaz Samad President | 10 | $0 | |
Rizwan Samad Director | 10 | $0 | |
Haris Mohammad Director | 2 | $0 | |
Arif Samad Director | 2 | $0 | |
Rufi Mallick Director | 2 | $0 | |
Nadeem Amman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $870 |
| 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 | $870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $412 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6 |
| Total operating and administrative expenses | $1,436 |
| Contributions, gifts, grants paid | $94,850 |
| Total expenses and disbursements | $96,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $989,372 |
| Savings and temporary cash investments | $612,916 |
| 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 | $10,000 |
| Total assets | $1,612,288 |
| 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, Samad Foundation has awarded $94,850 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDLIFE FOUNDATION PURPOSE: CHARITABLE | $15,000 |
ORBIS INTERNATIONAL PURPOSE: CHARITABLE | $50 |
CORDOBA ACADEMY PURPOSE: CHARITABLE | $20,000 |
OBAT HELPERS INC(USA) PURPOSE: CHARITABLE | $13,000 |
EHSAAS FOUNDATION PURPOSE: CHARITABLE | $3,600 |
FREINDS OF INDUS HOSPITAL INC PURPOSE: CHARITABLE | $5,000 |