Ashraf Family Foundation
- Assets
- $744.2k
- Revenue
- $2.6k
- Investments
- $730.7k
- Employees
- 0
- Location
- Ashburn, VA
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 82-1036884
Organization Overview
Ashraf Family Foundation is located in Ashburn, VA. The organization was established in 2017. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Ashraf Family 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, Ashraf Family Foundation generated $2.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $78.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ashraf Family Foundation has awarded 93 individual grants totaling $411,289. 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
EDUCATIONAL SERVICES FROM 5 ORGANIZATIONS
COMMUNITY SERVICES FROM 3 ORGANIZATIONS
SOCIAL SERVICES FROM 4 ORGANIZATIONS
RELIGIOUS SERVICES FROM 3 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammad Omar Ashraf President | 3 | $0 | |
Zahida P Ashraf Vice President | 1 | $0 | |
Amina O Ashraf Secretary | 1 | $0 | |
Aisha S Ashraf Director | 1 | $0 | |
Naeem U Ashraf Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,041 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $2,611 |
| Contributions, gifts, grants paid | $75,989 |
| Total expenses and disbursements | $78,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,407 |
| Savings and temporary cash investments | $1,123 |
| 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 | $744,214 |
| 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, Ashraf Family Foundation has awarded $75,989 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
PEARL FOUNDATION PURPOSE: PC | $2,000 |
HELPING HANDS PURPOSE: PC | $10,000 |
EQUALLY ABLE PURPOSE: PC | $2,000 |
ADAMS ENDOWMENT FUND PURPOSE: PC | $5,000 |
ADAMS PURPOSE: PC | $11,000 |
ADAMS ASHBURN PURPOSE: PC | $2,500 |