Mumtaz & Sada Cumber Foundation
- Assets
- $266.1k
- Revenue
- $505.8k
- Investments
- $94.6k
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-0867795
Organization Overview
Mumtaz & Sada Cumber Foundation is located in Sugar Land, TX. The organization was established in 2018. 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. Mumtaz & Sada Cumber 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, Mumtaz & Sada Cumber Foundation generated $505.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.8% each year . All expenses for the organization totaled $393.6k during the year ending 12/2023. While expenses have increased by 31.4% 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, Mumtaz & Sada Cumber Foundation has awarded 11 individual grants totaling $1,052,000. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sada Cumber Director | 2 | $0 | |
Mumtaz Cumber Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $589 |
| Dividends & Interest | $1,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,699 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $505,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $1,073 |
| Contributions, gifts, grants paid | $392,500 |
| Total expenses and disbursements | $393,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,595 |
| Savings and temporary cash investments | $63,874 |
| 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 | $266,062 |
| 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, Mumtaz & Sada Cumber Foundation has awarded $392,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SUTAINABILITY SCIENCE CENTER PURPOSE: PHILANTHROPIC | $1,000 |
COMET COMMUNITY PURPOSE: CHILDREN AND FAMILIES | $1,000 |
ISALMIC ARTS OF SOCIETY PURPOSE: RELIGION | $1,000 |
NATIONAL SECURITY INSTITUTE PURPOSE: PHILANTHROPIC | $2,500 |
NUSTIAN PURPOSE: EDUCATIONAL | $2,000 |
AGA KHAN FOUNDATION PURPOSE: PHILANTHROPIC | $385,000 |