Inam & Fakhra Haq Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $328.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- Data as of
- 12/2022
- 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 12/2022, Inam & Fakhra Haq Family Foundation Inc generated $328.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $297.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Inam & Fakhra Haq Family Foundation Inc has awarded 23 individual grants totaling $589,346. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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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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 | $0 |
| Interest on Savings | $43 |
| Dividends & Interest | $22,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $306,172 |
| Capital Gain Net Income | $306,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $328,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $521 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,021 |
| Contributions, gifts, grants paid | $295,596 |
| Total expenses and disbursements | $297,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,195 |
| 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 | $1,222,070 |
| 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 $295,596 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AGOSH ALKHIDMAT USA PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $26,000 |
ICNA PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $5,000 |
MUSLIM MAJILIS OF STATEN ISLAND PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $30,500 |
ILM O ADAB PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $180,000 |
PAKISTAN CIVIC ASSOCIATION PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $9,000 |
AFGHAN AMERICAN FOUNDATION PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $1,000 |