Saaaks Foundation Inc
- Assets
- $155.0k
- Revenue
- -$23.5k
- Investments
- $139.0k
- Employees
- 0
- Location
- Southlake, TX
- Founding
- Data as of
- 12/2023
- EIN
- 84-2826644
Organization Overview
Saaaks Foundation Inc is located in Southlake, TX. 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. Saaaks 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 2020, Saaaks Foundation Inc has awarded 14 individual grants totaling $290,745. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamal A Syed President/se | 0.25 | $0 | |
Samira K Syed Vice Preside | 0.25 | $0 | |
Ajaz K Syed Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,475 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $3,192 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$23,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $1,832 |
| Contributions, gifts, grants paid | $155,100 |
| Total expenses and disbursements | $156,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,958 |
| Savings and temporary cash investments | $88 |
| 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 | $155,024 |
| 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, Saaaks Foundation Inc has awarded $155,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAMIC ASSOCIATION OF TARRANT CTY PURPOSE: OPERATING SUPPORT | $35,100 |
ZAYTUNA COLLEGE PURPOSE: OPERATING SUPPORT | $10,000 |
AGA KHAN FOUNDATION USA PURPOSE: PROGRAM SUPPORT | $100,000 |
ISLAMIC CENTER OF SOUTHLAKE PURPOSE: OPERATING SUPPORT | $5,000 |
ISLAMIC RELIEF USA PURPOSE: HUMANITARIAN AID | $5,000 |