Amoud Foundation
- Assets
- $5.9m
- Revenue
- $9.4m
- Investments
- $519.6k
- Employees
- 3
- Location
- Irving, TX
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 75-2882187
Organization Overview
Amoud Foundation is located in Irving, TX. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Amoud Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amoud 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, Amoud Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $7.0m during the year ending 12/2022. While expenses have increased by 26.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RELIEVE THE SUFFERING OF THE POOR IN HORN OF AFRICA BY ESTABLISHING HOSPITALS, SCHOOLS,ORPHANAGES, WELLS, AND OTHER EMERGENCY RELIEF
Describe the Organization's Program Activity:
Part 3 - Line 4a
220 WATER WELLS BUILT
TO ASSIST WITH DROUGHT RELIEF, 8 MILLION MEALS WERE PROVIDED TO THOSE IN NEED.
SUPPORTED THE EDUCATION, SHELTERING, AND CARE FOR OVER 2,000 ORPHANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohamud Egal Board President | Trustee | 20 | $0 |
Abdi Aye Treasurer | Trustee | 8 | $0 |
Ali Gurry Secretary | Trustee | 3 | $0 |
Halima Hadi Board Member | Trustee | 1 | $0 |
Bashir Rabile Board Member | Trustee | 1 | $0 |
Issam Abdallah Executive Director | Officer | 50 | $114,998 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ez Community Services Fundraising | 12/30/17 | $45,000 |
Marwaaz Inc | 12/30/17 | $25,000 |
Ez Community Services Fundraising | 12/30/17 | $45,000 |
Marwaaz Inc | 12/30/17 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,365,047 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,365,047 |
| Total Program Service Revenue | $0 |
| Investment income | $12,618 |
| 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 | $9,377,665 |
| 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. | $114,998 |
| Compensation of current officers, directors, key employees. | $114,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $609,518 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,455 |
| Travel | $16,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,991 |
| Insurance | $9,056 |
| All other expenses | $247,076 |
| Total functional expenses | $7,017,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,400,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,035 |
| 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 | $20,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $519,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,945,352 |
| Accounts payable and accrued expenses | $33,630 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $33,630 |
| Net assets without donor restrictions | $5,911,722 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $5,945,352 |
Grants Awarded
Over the last fiscal year, Amoud Foundation has awarded $16,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BHA PURPOSE: SOCIAL, HEALTH & RELIEF PROGRAMS | $5,500 |
IFTIN CENTER PURPOSE: SOCIAL, HEALTH & RELIEF PROGRAMS | $11,000 |