Raquib Family Waqf Foundation
- Assets
- $867.2k
- Revenue
- $159.9k
- Investments
- $867.2k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3924396
Organization Overview
Raquib Family Waqf Foundation is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raquib Family Waqf 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, Raquib Family Waqf Foundation generated $159.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $62.0k during the year ending 12/2021. While expenses have increased by 36.4% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farouk Raquib Settlor And Trustee | 0 | $0 | |
Nasima Raquib Trustee | 0 | $0 | |
Riazul Raquib Trustee | 0 | $0 | |
Khadijah Raquib Trustee | 0 | $0 | |
Aishah Raquib Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,486 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,613 |
| Capital Gain Net Income | $94,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $349 |
| Total Revenue | $159,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,884 |
| Total operating and administrative expenses | $9,479 |
| Contributions, gifts, grants paid | $52,486 |
| Total expenses and disbursements | $61,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| 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 | $867,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $867,159 |
| 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, Raquib Family Waqf Foundation has awarded $52,486 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAR AL-NUR SOMALI MUSLIM ASSOCIATION OF NORTH AMERICA INC PURPOSE: TO HELP STUDENTS OF THE QURAN TO MEET THEIR EDUCATIONAL GOALS AND FOR MAKING A POSITIVE DIFFERENCE TOWARDS A BRIGHTER FUTURE. | $40,000 |
CENTER FOR MUSLIM LIFE AT MARYLAND INC PURPOSE: TO PROVIDE SERVICES AND PROGRAMS WHICH NURTURE THE FAITH AND RELIGIOUS IDENTITIES OF MUSLIM STUDENTS AND OTHER BENEFICIARIES, ADDRESS THEIR SPIRITUAL AND MENTAL HEALTH NEEDS AND EMPOWER THEM TO SERVE THE LARGER COMMUNITY. | $7,486 |
NAGAMIA INSTITUTE OF ISLAMIC MEDICINE AND SCIENCES PURPOSE: TO BUILD BRIDGES FROM THE PAST, PRESENT, AND FUTURE IN ISLAMIC MEDICINE, SCIENCE, PHILOSOPHY, ART AND CULTURE. | $5,000 |
Peer Organizations
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|---|---|---|
Audubon Country Club Association Inc Naples, FL | $32,747,494 | $7,405,654 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Atlantic Beach Country Club Inc Atlantic Beach, FL | $14,796,405 | $13,222,514 |
Loblolly Inc Hobe Sound, FL | $23,991,358 | $7,374,777 |
Bear Lakes Country Club Inc West Palm Beach, FL | $27,086,615 | $6,877,061 |
Adios Golf Club Inc Coconut Creek, FL | $15,785,104 | $8,413,135 |
Old Marsh Golf Club Inc Palm Beach Gardens, FL | $32,229,136 | $6,715,214 |
Fort Lauderdale Country Club Inc Plantation, FL | $12,707,790 | $7,136,526 |
Indian Spring Golf & Tennis Country Club Inc Boynton Beach, FL | $101,953 | $6,245,768 |
Pine Tree Golf Club Inc Boynton Beach, FL | $18,885,592 | $6,834,924 |
Eagle Creek Golf And Country Club Inc Naples, FL | $20,413,284 | $6,219,223 |
Medalist Golf Club Inc Hobe Sound, FL | $22,052,430 | $5,935,443 |