Kulsum Foundation Inc
- Assets
- $636.8k
- Revenue
- $66.3k
- Investments
- $601.3k
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 81-4720445
Organization Overview
Kulsum Foundation Inc is located in Warren, 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 12/2023, Kulsum Foundation Inc generated $66.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $38.1k during the year ending 12/2023. While expenses have increased by 15.5% per year over the past 7 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, Kulsum Foundation Inc has awarded 21 individual grants totaling $175,149. 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
DONATIONS TO QUALIFIED ORGANIZATIONS TO USE IT FOR EDUCATIONAL SUPPORT AND HELP FOR NEEDY STUDENT
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 | $5,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,030 |
| Capital Gain Net Income | $61,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,272 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $469 |
| Total operating and administrative expenses | $1,219 |
| Contributions, gifts, grants paid | $36,831 |
| Total expenses and disbursements | $38,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,474 |
| 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 | $601,298 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $636,772 |
| 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 $36,831 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MCMASTER UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIPS & SUPPORT | $7,030 |
CARNEGIE MELLON UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIPS & SUPPORT | $11,301 |
AKSHAY PATEL PURPOSE: EDUCATION SCHOLARSHIPS & SUPPORT | $5,000 |
ANJUMAN E BURHANI PURPOSE: GENERAL SUPPORT | $10,000 |
MASJID AL WALI PURPOSE: GENERAL SUPPORT | $3,500 |