Hakim Family Foundation Inc
- Assets
- $2.0m
- Revenue
- $151.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1997
- Data as of
- 08/2023
- EIN
- 13-3911530
Organization Overview
Hakim Family Foundation Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community 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. Hakim 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 08/2023, Hakim Family Foundation Inc generated $151.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $335.3k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hakim Family Foundation Inc has awarded 88 individual grants totaling $1,185,978. 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 |
|---|---|---|---|
Scott Hakim President | 0 | $0 | |
Kamran Hakim Vice Preside | 0 | $0 | |
Ellen Hakim Secy-Treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,000 |
| Interest on Savings | $811 |
| Dividends & Interest | $64,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,402 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,471 |
| 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 | $475 |
| Total operating and administrative expenses | $475 |
| Contributions, gifts, grants paid | $334,775 |
| Total expenses and disbursements | $335,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,998,930 |
| 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 | $159,405 |
| Total liabilities | $159,405 |
Grants Awarded
Over the last fiscal year, Hakim Family Foundation Inc has awarded $334,775 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: GENERAL | $20,000 |
CSUN FOUNDATION PURPOSE: GENERAL | $5,000 |
EILAT CHARITIES INC PURPOSE: GENERAL | $5,000 |
HARMONIC PRESERVATION FOUNDATION PURPOSE: GENERAL | $10,000 |
ISEF FOUNDATION PURPOSE: GENERAL | $9,775 |
IRANIAN JEWISH WOMENS ORGANIZATION PURPOSE: GENERAL | $5,000 |