Ike Nizam Foundation Inc
- Assets
- $13.7m
- Revenue
- $5.2m
- Investments
- $8.5m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3743492
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Grants Awarded
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 |