Highgate Charitable Foundation Inc
- Assets
- $4.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-5209087
Organization Overview
Highgate Charitable Foundation Inc is located in Irving, TX. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. Highgate Charitable 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, Highgate Charitable Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $320.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Highgate Charitable Foundation Inc has awarded 11 individual grants totaling $1,960,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HIGHGATE CHARITABLE FOUNDATION'S MISSION IS TO SUPPORT PHILANTHROPIC ORGANIZATIONS AND COMMUNITIES WORLDWIDE THAT ADDRESS ISSUES RELATED TO POVERTY, EDUCATION, AND HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHGATE CHARITABLE FOUNDATION FUNDRAISES ON BEHALF OF A DIVERSE ARRAY OF 501(C)(3) PUBLIC CHARITIES DEDICATED TO THE BETTERMENT OF OUR GLOBAL COMMUNITY, IRRESPECTIVE OF RACE, RELIGION, ETHNICITY, OR GENDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahmood Khimji President | OfficerTrustee | 1 | $0 |
Naznin Khimji Vice President | OfficerTrustee | 1 | $0 |
Rickey D Whitworth Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,179 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,189,818 |
| Noncash contributions included in lines 1a–1f | $38,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,420,997 |
| Total Program Service Revenue | $0 |
| Investment income | $46,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,400 |
| Net Income from Gaming Activities | $4,431 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,449,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,400 |
| Grants and other assistance to domestic individuals. | $279,725 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,069 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $319,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,619 |
| Savings and temporary cash investments | $3,538,052 |
| Pledges and grants receivable | $648,354 |
| Accounts receivable, net | $4,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,599,630 |
| Accounts payable and accrued expenses | $27,956 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,956 |
| Net assets without donor restrictions | $4,474,727 |
| Net assets with donor restrictions | $96,947 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,599,630 |
Grants Awarded
Over the last fiscal year, Highgate Charitable Foundation Inc has awarded $85,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LUPUS FOUNDATION PURPOSE: SUPPORT OF ORGANIZATION'S MISSION | $50,000 |
TEACHING MATTERS PURPOSE: SUPPORT OF ORGANIZATION'S MISSION | $25,000 |
SHATTERPROOF PURPOSE: SUPPORT OF ORGANIZATION'S MISSION | $10,000 |