Khan Foundation Inc
- Assets
- $6.2m
- Revenue
- $3.5m
- Investments
- $2.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 20-0461026
Organization Overview
Khan Foundation Inc is located in Chicago, IL. The organization was established in 2005. 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. Khan 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, Khan Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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 |
|---|---|---|---|
Ann Khan Pres Sec Dir | 1 | $0 | |
Shadid Khan VP Dir | 1 | $0 | |
Antony Khan VP Dir | 1 | $0 | |
Samia Khan VP | 1 | $0 | |
Zakia Khan VP | 1 | $0 | |
Thomas D Clarkson Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $765,355 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,659,272 |
| Capital Gain Net Income | $2,659,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,522,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9 |
| Total operating and administrative expenses | $89,169 |
| Contributions, gifts, grants paid | $3,610,000 |
| Total expenses and disbursements | $3,699,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,914,190 |
| 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 | $6,233,161 |
| 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, Khan Foundation Inc has awarded $3,610,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
40 NORTH PURPOSE: GENERAL OPERATING | $10,000 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: SINFONIA DA CAMERA 100,000; KHAN VETERINARY CENTER 3,000,000; AND KHAN BUILDING FUND 500,000 | $3,600,000 |