Kauthar Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Edison, NJ
- Founding
- 10/2016
- Data as of
- 12/2017
- EIN
- 81-3709361
Organization Overview
Kauthar Foundation Inc is located in Edison, NJ. The organization was established in 2016. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kauthar 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 12/2017, Kauthar Foundation Inc generated $1.2m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVES AND PURPOSES OF THE FOUNDATION SHALL BE TO ESTABLISH AND PROMOTE THE ISLAMIC FAITH (SPECIFICALLY THE FIGH-E-JAFARI SCHOOL OF ISLAM) IN THE UNITED STATES, AS WELL AS THE PROMOTION OF INTERFAITH DIALOGUE WITH OTHER FAITHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED CONTRIBUTIONS TO ACQUIRE MOSQUE AND IT IS LOOKING FOR PREMISES FOR MOSQUE TO CARRY RELIGIOUS ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nazish Musvi Agha Trustee And President | OfficerTrustee | 5 | $0 |
Dr Mohammad Raza Ghandi Trustee And Secretary | OfficerTrustee | 5 | $0 |
Hamid Zeiaei Trustee And Treasury | OfficerTrustee | 5 | $0 |
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 | $1,159,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,159,479 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,159,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,479 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $30 |
| Total functional expenses | $96,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,432,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,432,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,432,020 |
Grants Awarded
Over the last fiscal year, Kauthar Foundation Inc has awarded $92,479 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AHLUL BAYT MOSQUE INC PURPOSE: COST OF FIXING LEAKY ROOF OF MOSQUE | $5,000 |
ETHICAL CULTURE FOUNDATION INC PURPOSE: INTERFAITH CONVENTION | $52,479 |
ISLAMIC INSTITUTE OF AHLAL BAIT INC PURPOSE: PURCHASE OF NEW MOSQUE | $10,000 |
OASIS EDUCATIONAL FOUNDATION PURPOSE: RELIGIOUS CONFERENCE COST | $10,000 |
PARAND FOUNDATION PURPOSE: RESEARCH COSTS FOR RELIGIOUS TEXT BOOK | $5,000 |
QOBA FOUNDATION PURPOSE: COST OF RELIGIOUS SERVICES FOR RAMADAN | $10,000 |