Kulsum Foundation Inc
- Assets
- $676.7k
- Revenue
- $53.8k
- Investments
- $667.7k
- Employees
- 0
- Location
- Watchung, NJ
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 81-4720445
Organization Overview
Kulsum Foundation Inc is located in Watchung, NJ. The organization was established in 2018. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kulsum 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 12/2021, Kulsum Foundation Inc generated $53.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $65.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kulsum Foundation Inc has awarded 14 individual grants totaling $100,818. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO QUALIFIED ORGANIZATIONS TO USE IT FOR HUMANITY AND HELP FOR NEEDY PEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abid Husain Trustee | 1 | $0 | |
Rubab Husain Trustee | 1 | $0 | |
Saleem Husain Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,919 |
| Capital Gain Net Income | $48,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,007 |
| Total operating and administrative expenses | $8,010 |
| Contributions, gifts, grants paid | $57,224 |
| Total expenses and disbursements | $65,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,995 |
| 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 | $667,697 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $676,692 |
| 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, Kulsum Foundation Inc has awarded $57,224 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY PURPOSE: GENERAL SUPPORT | $19,724 |
LUSTGARTEN FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
ANJUMAN E BURHANI PURPOSE: GENERAL SUPPORT | $10,000 |
LUSTGARTEN FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
MASJID AL WALI PURPOSE: GENERAL SUPPORT | $5,000 |
SHUKRE ILAHI SCHOLARSHIP PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |
American Friends Of Shalva Israel Inc New York, NY | $2,820,532 | $9,087,461 |
Bucks County Organization For Intercultural Advancement Princeton, NJ | $220,023 | $6,461,791 |
Association For Cultural Interchange Inc New York, NY | $233,666,936 | $20,017,646 |
Bayis Lepleitos Ateres Bonos Inc Brooklyn, NY | $1,664,185 | $5,696,760 |
Emunah Of America Inc New York, NY | $1,802,135 | $4,366,155 |
Insead Management Education Foundation New York, NY | $868,532 | $4,197,485 |
American Friends Of Genesis Jerusalem Inc Springfield, NJ | $2,180,379 | $3,666,217 |
American Friends Of Yeshivas Tiferes Yisroel Teaneck, NJ | $9,018,491 | $7,399,320 |