Nasib Foundation
- Assets
- $18.7m
- Revenue
- $480.4k
- Investments
- $18.7m
- Employees
- 0
- Location
- Upland, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-4126064
Organization Overview
Nasib Foundation is located in Upland, CA. 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. Nasib Foundation 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, Nasib Foundation generated $480.4k 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 (71.4%) each year. All expenses for the organization totaled $883.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND ENHANCE THE LIVES OF UNDERPRIVILEGED CHILDREN AROUND THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
NASIB FOUNDATION REMAINS COMMITTED TO ITS MISSION OF EMPOWERING AND TRANSFORMING COMMUNITIES WORLDWIDE THROUGH EDUCATION. IN 2022, A SIGNIFICANT PORTION OF OUR PROGRAM-RELATED EXPENSES WENT TOWARD SUPPORTING INITIATIVES THAT UNDERSCORE OUR UNWAVERING DEDICATION TO ENHANCING ACCESS TO HIGH-QUALITY EDUCATION, PROMOTING LIFELONG LEARNING, AND FACILITATING OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES TO REALIZE THEIR FULL POTENTIAL. THROUGH STRATEGIC PARTNERSHIPS AND PURPOSEFUL INVESTMENTS, WE ASPIRE TO FOSTER A BRIGHTER FUTURE IN WHICH EDUCATION PLAYS A PIVOTAL ROLE IN DRIVING POSITIVE CHANGE AND EQUIPPING INDIVIDUALS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BUILD THRIVING, INCLUSIVE, AND SUSTAINABLE SOCIETIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samia Mohamed President | OfficerTrustee | 3 | $0 |
Pamella Townsend Director | Trustee | 1 | $0 |
Mukhtar Ahmed Director | Trustee | 1 | $0 |
Barwako Nalayeh Secretary And Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $489,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $786,133 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $94,099 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| 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 | $63 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $883,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $18,727,994 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,739,283 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $18,739,283 |
| Net assets with donor restrictions | $0 |
| 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 | $18,739,283 |