Waqf Endowment Fund
- Assets
- $10.4m
- Revenue
- $55.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 95-4611894
Organization Overview
Waqf Endowment Fund is located in Pasadena, CA. The organization was established in 1997. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waqf Endowment Fund 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, Waqf Endowment Fund generated $55.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $155.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Waqf Endowment Fund has awarded 50 individual grants totaling $864,000. 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
FURTHER THE EDUCATIONAL & RELIGOUS PURPOSES OF ISLAM BY MAKING GRANTS TO SELECT ISLAMIC ORGANIZATIONS IN SOUTHERN CALIFORNIA & INCURRING DIRECT CHARITABLE EXPENDITURES IN SO CAL
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 |
|---|---|---|---|
Amre Youness Director | 1 | $0 | |
Magdy El-Etreby Chairman | 1 | $0 | |
Ahmed Alfi Director | 1 | $0 | |
Hala Alfi Secretary | 1 | $0 | |
Abdelhamid Youness Director | 1 | $0 | |
Aqueela Jaffer Vice Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,778 |
| Dividends & Interest | $54,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,795 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,480 |
| Total operating and administrative expenses | $55,495 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $155,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,049 |
| Savings and temporary cash investments | $632,963 |
| 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 | $7,865,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,582,453 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,416,040 |
| 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, Waqf Endowment Fund has awarded $100,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BIAE PURPOSE: FURTHER ISLAMIC EDUCATION | $3,000 |
MPAC PURPOSE: FURTHER ISLAMIC EDUCATION | $9,000 |
NEW HORIZONS SCHOOL - IRVINE PURPOSE: FURTHER ISLAMIC EDUCATION | $15,000 |
NEW HORIZONS SCHOOL - PASADENA PURPOSE: FURTHER ISLAMIC EDUCATION | $15,000 |
NEW HORIZONS SCHOOL - LOS ANGELES PURPOSE: FURTHER ISLAMIC EDUCATION | $10,000 |
NEW HORIZONS SCHOOL - WEST LA PURPOSE: FURTHER ISLAMIC EDUCATION | $18,000 |