Haji Usman & Hazarabai Mundia Foundation Inc
- Assets
- $943.5k
- Revenue
- $326.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 11-3236306
Organization Overview
Haji Usman & Hazarabai Mundia Foundation Inc is located in Garden City, NY. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haji Usman & Hazarabai Mundia 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, Haji Usman & Hazarabai Mundia Foundation Inc generated $326.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $269.8k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Haji Usman & Hazarabai Mundia Foundation Inc has awarded 172 individual grants totaling $1,711,311. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO CHARITIES THAT PROMOTE THE HEALTH, EDUCATION, AND GENERAL WELFARE OF EAST INDIAN PEOPLE. TWENTY-FIVE DIFFERENT CHARITIES AND NEEDY BENEFICIARIES RECEIVED CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdul Mundia MD Director | 10 | $0 | |
Roshanara Mundia Director | 10 | $0 | |
Munib Mundia Director | 10 | $0 | |
Mubasir Mundia Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $326,598 |
| Interest on Savings | $156 |
| Dividends & Interest | $0 |
| 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 | $326,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,225 |
| Total operating and administrative expenses | $2,125 |
| Contributions, gifts, grants paid | $267,713 |
| Total expenses and disbursements | $269,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943,501 |
| Savings and temporary cash investments | $0 |
| 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 | $943,501 |
| 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, Haji Usman & Hazarabai Mundia Foundation Inc has awarded $267,713 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GULAM KOLSAWALLA PURPOSE: MEDICAL RELIEF | $1,255 |
AMIN-AKEEL AHMAD PURPOSE: SALARY | $42,000 |
GULAM KOLSAWALLA PURPOSE: GENERAL WELFARE | $11,786 |
HUH MUNDIA SCHOOL PURPOSE: EDUCATION GRANT FOR BUILDING | $44,476 |
HUH MUNDIA SCHOOL PURPOSE: CONSTRUCTION OF SCHOOL | $100,000 |
ZAKIR RASOOL PURPOSE: HOUSE REPAIR | $13,117 |