Aibtikar Foundation
- Assets
- $899.3k
- Revenue
- $219.6k
- Investments
- $890.2k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4289763
Organization Overview
Aibtikar Foundation is located in Dallas, 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. Aibtikar 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 12/2023, Aibtikar Foundation generated $219.6k in total revenue. All expenses for the organization totaled $95.0k during the year ending 12/2023. While expenses have increased by 29.3% 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 2020, Aibtikar Foundation has awarded 22 individual grants totaling $155,567. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
JONATHAN'S PLACE - GENERAL FUND
NEW FRIENDS NEW LIFE - YOUTH RESOURCE CENTER
NATIONAL DOWN SYNDROME SOCIETY - STUDY ON 321 GO! PROGRAM
IRAQI CHILDREN FOUNDATION - CENTER FOR GIRLS IN MOSUL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Nouri President & Director | 15 | $0 | |
Bill Nouri Treasurer & Director | 2 | $0 | |
Louay Toni Secretary & Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,086 |
| Capital Gain Net Income | $209,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $219,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,263 |
| Travel, conferences, and meetings | $778 |
| Printing and publications | $1,529 |
| Other expenses | $2,644 |
| Total operating and administrative expenses | $16,730 |
| Contributions, gifts, grants paid | $78,316 |
| Total expenses and disbursements | $95,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,092 |
| 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 | $890,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $899,283 |
| 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, Aibtikar Foundation has awarded $78,316 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL DOWN SYNDROME SOCIETY PURPOSE: THE PAYMENT IN 2023 TO THE NATIONAL DOWN SYNDROME SOCIETY REPRESENTS HALF OF THE TOTAL GRANT. THE GRANT IS TO FUND A STUDY OF THE ORGANIZATIONS' 321 GO! PROGRAM. THE PROGRAM IS USED TO ENCOURAGED PHYSICAL AND MENTAL HEALTH AMONG PEOPLE IN THE DOWN SYNDROME COMMUNITY AND CAN BE UTILIZED AT HOME OR IN GROUP SETTINGS. | $22,816 |
JONATHAN'S PLACE PURPOSE: THE BULK $25,000 OF THE GRANT TO JONATHAN'S PLACE IS FOR GENERAL PURPOSES. APPROXIMATELY $5,000 WILL BE USED TO FUND OUTINGS FOR BENEFICIARIES AND $1,000 WILL BE USED FOR AN EMPLOYEE BONUS. THE OVERALL PURPOSE OF THE GRANT IS TO SUPPORT THE MISSION OF JONATHAN'S PLACE HELPING TO EMPOWER CHILDREN FROM CHALLENGING CIRCUMSTANCES. | $30,000 |
NEW FRIENDS NEW LIFE PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE YOUTH RESOURCE CENTER WHICH EMPOWERS GIRLS WHO EITHER HAVE BEEN TRAFFICKED OR ARE AT RISK OF BEING TRAFFICKED. | $11,000 |
FRIENDS OF THE CHILDREN PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT THE MISSION OF FRIENDS OF THE CHILDREN. | $3,500 |
CUREPSP PURPOSE: THE PURPOSE OF THIS GRANT WAS TO SUPPORT THE ORGANIZATIONS' RESPITE CARE FUND WHICH PROVIDES RESPITE CARE FOR FAMILIES WHO HAVE A LOVED ONE WITH PROGRESSIVE SUPRANUCLEAR PALSY. | $3,500 |
IRAQI CHILDREN FOUNDATION PURPOSE: SUPPORT THE CENTER FOR GIRLS IN MOSUL. | $7,500 |