Yaqub Family Foundation
- Assets
- $2.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-3425222
Organization Overview
Yaqub Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Yaqub Family 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, Yaqub Family Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $577.8k during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 5 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 2017, Yaqub Family Foundation has awarded 118 individual grants totaling $2,266,250. 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 |
|---|---|---|---|
Osaid Yaqub Dir, VP | 1 | $0 | |
Salma Yaqub Dir, VP | 1 | $0 | |
Abdul Yaqub Dir, Pres, Sec, Treas | 1 | $0 | |
Henna Yaqub Dir, VP | 1 | $0 | |
Natasha Sieglinde Yaqub Dir, VP | 1 | $0 | |
Zahid Yaqub Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $4,796 |
| 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 | $1,504,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,319 |
| Total operating and administrative expenses | $9,349 |
| Contributions, gifts, grants paid | $568,500 |
| Total expenses and disbursements | $577,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,360,424 |
| 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 | $2,360,424 |
| 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, Yaqub Family Foundation has awarded $568,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Lombard, IL PURPOSE: SCHOOL FUND | $125,000 |
Villa Park, IL PURPOSE: MOSQUE FUND, FOOD DRIVE FUND, ZAKAT PROGRAM, AND THE NEED PEOPLE GROUP | $100,000 |
Teaneck, NJ PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Chicago, IL PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
FAMILY EDUCATION SERVICES FOUNDATION NORTH AMERICA PURPOSE: DEAF REACH PROJECT | $25,000 |
Indianapolis, IN PURPOSE: SCHOOL OPERATING BUDGET FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |