The Khimji Foundation
- Assets
- $60.3m
- Revenue
- $5.5m
- Investments
- $58.5m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 47-5555999
Organization Overview
The Khimji Foundation is located in Irving, TX. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Khimji 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, Khimji Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 11.7% per year over the past 3 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.
Since 2020, Khimji Foundation has awarded 23 individual grants totaling $10,166,897. 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 |
|---|---|---|---|
Mahmood Khimji Trustee | 10 | $0 | |
Rickey Whitworth Trustee | 10 | $0 | |
Naznin Khimji Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,650,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,976,291 |
| Capital Gain Net Income | $3,013,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $876,567 |
| Total Revenue | $5,503,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $109,162 |
| Taxes | $82,358 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $71,664 |
| Printing and publications | $0 |
| Other expenses | $212,144 |
| Total operating and administrative expenses | $552,328 |
| Contributions, gifts, grants paid | $4,654,781 |
| Total expenses and disbursements | $5,207,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,773,533 |
| 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 | $6,356,239 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,285,698 |
| 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 | $11,532,865 |
| Total liabilities | $11,532,865 |
Grants Awarded
Over the last fiscal year, The Khimji Foundation has awarded $4,654,781 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Irving, TX PURPOSE: IMPROVEMENTS TO PRAYER CENTER | $3,632,764 |
Washington, DC PURPOSE: GENERAL PROGRAM SUPPORT | $1,000,000 |
THE AGA KHAN MUSEUM PURPOSE: GENERAL PROGRAM SUPPORT | $20,017 |
Bridgehampton, NY PURPOSE: GENERAL PROGRAM SUPPORT | $1,000 |
BIKE 4 CHAI PURPOSE: GENERAL PROGRAM SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
Greehey Family Foundation San Antonio, TX | $169,607,829 | $20,192,503 |
Eula Mae And John Baugh Foundation Jersey Village, TX | $172,592,135 | $27,686,076 |