Inam & Fakhra Haq Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $606.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-3242511
Organization Overview
Inam & Fakhra Haq Family Foundation Inc is located in Staten Island, NY. 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. Inam & Fakhra Haq Family 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 12/2021, Inam & Fakhra Haq Family Foundation Inc generated $606.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $299.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES BENEVOLENT ASSISTANCE TO INDIVIDUALS IN NEED, SCHOLARSHIPS TO QUALIFYING STUDENTS, AND CHARITABLE GIVING TO NONPROFIT ORGANIZATIONS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Inamul Haq President | 10 | $0 | |
Fakhra Haq Secretary / Treasurer | 10 | $0 | |
Ihtshamul Haq Director | 5 | $0 | |
Nayyera Haq Director | 5 | $0 | |
Najmul Haq Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $531,475 |
| Interest on Savings | $4 |
| Dividends & Interest | $21,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,167 |
| Capital Gain Net Income | $54,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $606,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,184 |
| Contributions, gifts, grants paid | $293,750 |
| Total expenses and disbursements | $299,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,718 |
| 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 | $1,130,265 |
| 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, Inam & Fakhra Haq Family Foundation Inc has awarded $293,750 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Staten Island, NY PURPOSE: CONSTRUCTION OF COMMUNITY CENTER | $185,000 |
ILM O ADAB PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS FUNDING PRIMARY SCHOOL IN PAKISTAN | $62,250 |
AGOSH ALKHIDMAT USA PURPOSE: BENEVOLENT ASSISTANCE TO PROGRAMS SUPPORTING ORPHANS OTHER NEEDY INDIVIDUALS | $28,000 |
ISLAMIC CENTER OF MEDFORD PURPOSE: CONSTRUCTION OF MOSQUE AND COMMUNITY CENTER | $6,000 |
Washington, DC PURPOSE: SUPPORT EDUCATION ADVOCACY OF MINORITIES | $2,500 |
Fair Lawn, NJ PURPOSE: SUPPORT SOCIAL SERVICES PROGRAMS IN NJ | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |