Azfar And Maheen Malik Family Foundation Inc
- Assets
- $4.1m
- Revenue
- $100.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 87-4175066
Organization Overview
Azfar And Maheen Malik Family Foundation Inc is located in Pennington, NJ. 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. Azfar And Maheen Malik 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 12/2023, Azfar And Maheen Malik Family Foundation Inc generated $100.4k 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 (71.2%) each year.
Since 2023, Azfar And Maheen Malik Family Foundation Inc has awarded 13 individual grants totaling $198,567. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Azfar M Malik CEO | 25 | $0 | |
Maheen M Malik Secretary | 25 | $0 | |
Tariq F Malik CFO | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,860 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $570 |
| Total operating and administrative expenses | $27,268 |
| Contributions, gifts, grants paid | $198,567 |
| Total expenses and disbursements | $225,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,013 |
| Savings and temporary cash investments | $168,433 |
| 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 | $2,405,694 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,065,209 |
| 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, Azfar And Maheen Malik Family Foundation Inc has awarded $198,567 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SHAUKAT KHANUM MEMORIAL PURPOSE: UNRESTRICTED GENERAL | $40,000 |
FRIENDS OF INDUS HOSPITAL INC PURPOSE: UNRESTRICTED GENERAL | $25,000 |
NATIONAL HEALTH FORUM PURPOSE: UNRESTRICTED GENERAL | $800 |
DEVELOPMENTS IN LITERACY PURPOSE: UNRESTRICTED GENERAL | $20,000 |
AL-SHIFA FOUNDATION OF NORTH AMERICA PURPOSE: UNRESTRICTED GENERAL | $500 |
THE CITIZENS FOUNDATION USA PURPOSE: UNRESTRICTED GENERAL | $19,267 |