Ike Nizam Foundation Inc is located in Phoenix, AZ. The organization was established in 2018. 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. Ike Nizam 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.
Since 2018, Ike Nizam Foundation Inc has awarded 222 individual grants totaling $588,346. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laurie Feller President / Director | 10 | $48,000 | |
Amir Nizam Vice President/ Director | 0.1 | $0 | |
Riad Nizam Treasurer/director | 0.1 | $0 | |
Sam Nizam Secretary/director | 0.1 | $0 | |
Basel Nizam Director | 0.1 | $0 | |
Jamil Nizam Director | 0.1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $4,180,000 |
Interest on Savings | $12,296 |
Dividends & Interest | $102,759 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $856,067 |
Capital Gain Net Income | $856,067 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $5,151,122 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $48,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $8,203 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $9,963 |
Total operating and administrative expenses | $68,961 |
Contributions, gifts, grants paid | $263,550 |
Total expenses and disbursements | $332,511 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,219,772 |
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 | $626,845 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $13,709,483 |
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 |
Over the last fiscal year, Ike Nizam Foundation Inc has awarded $263,550 in support to 64 organizations.
Grant Recipient | Amount |
---|---|
AFRICAN-AMERICAN RESOURCE CENTER AT BOOKER (AARC) PURPOSE: TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS | $500 |
ADAMS AND BROWN COUNTIES ECONOMIC OPP PURPOSE: TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS | $3,000 |
AFTD PURPOSE: TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS | $303 |
AFRICAN AMERICAN COMMUNITY SERVICE AGENCY PURPOSE: TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS | $4,000 |
AGAINST MALARIA PURPOSE: TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS | $2,000 |
ALS ASSOCIATION PURPOSE: TO PROMOTE AND SUPPORT FUNCTION AS PUBLIC CHARITIES AND/OR EXEMPT OPERATING FOUNDATIONS | $750 |