Majeed Foundation Inc
- Assets
- $11.9m
- Revenue
- $172.8k
- Investments
- $11.4m
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 47-2653320
Organization Overview
Majeed Foundation Inc is located in St Petersburg, FL. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Majeed 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, Majeed Foundation Inc generated $172.8k 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 (25.9%) each year. All expenses for the organization totaled $480.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Majeed Foundation Inc has awarded 30 individual grants totaling $2,059,740. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamal N Majeed President | 10 | $0 | |
Najla T Majeed Sec/treas | 5 | $0 | |
Christina M Majeed Vice Preside | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$327,526 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,529 |
| Total operating and administrative expenses | $46,807 |
| Contributions, gifts, grants paid | $433,340 |
| Total expenses and disbursements | $480,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,567 |
| 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 | $11,888,796 |
| 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, Majeed Foundation Inc has awarded $433,340 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WATERFRONT PARKS FOUNDATION PURPOSE: SUPPORT HISTORIC WATERFRONT PARKS | $50,000 |
FLORIDA BOTANICAL GARDENS PURPOSE: SUPPORT EDUCATIONAL PROGRAMS | $100,000 |
CITY OF ST PETERSBURG PURPOSE: ST PETE SPLASH PAD AND WALKWAY | $200,000 |
THE DALI MUSEUM PURPOSE: SUPPORT THEIR MISSION | $8,000 |
ST ATHANASIUS SYRIAC ORTHODOX CHURC PURPOSE: SUPPORT MISSION | $5,000 |
SAMARITAN'S PURSE PURPOSE: SUPPORT MISSION | $5,000 |