Shakir Charitable Trust
- Assets
- $2.1m
- Revenue
- $191.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 20-7318341
Organization Overview
Shakir Charitable Trust is located in Troy, MI. The organization was established in 2008. 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. Shakir Charitable Trust 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 12/2021, Shakir Charitable Trust generated $191.7k 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 (3.9%) each year. All expenses for the organization totaled $118.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Shakir Charitable Trust has awarded 48 individual grants totaling $272,695. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND PROVIDE RELIEF, ASSISTANCE, CONTRIBUTIONS OR EDUCATION IN CONNECTION WITH MEDICAL, HEALTH, EDUCATION, AND CHARITABLE SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alaa A Elmoursi Trustee | 0 | $1,725 | |
Shreef H Akeel Trustee | 0 | $322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $50,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,606 |
| Capital Gain Net Income | $141,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $191,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,047 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,940 |
| Contributions, gifts, grants paid | $97,695 |
| Total expenses and disbursements | $118,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,039 |
| 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 | $1,997,590 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,124,629 |
| 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, Shakir Charitable Trust has awarded $97,695 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Plainfield, IN PURPOSE: EDUCATIONAL SCHOLARSHIPS | $20,000 |
WOMEN FOR HUMANITY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $10,000 |
MICHIGAN MUSLIM COMMUNITY COUNCIL PURPOSE: SUPPORT DAILY OPERATIONS | $10,000 |
Detroit, MI PURPOSE: SUPPORT DAILY OPERATIONS | $7,695 |
Dearborn, MI PURPOSE: SUPPORT FOR ANNUAL FUNDRAISING EVENT | $7,000 |
CENTER FOR ARAB AMERICAN PHILANTHRO PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shakir Charitable Trust has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Hanna Dougherty Fam Pfdn Brooklyn, OH PURPOSE: GENERAL OPERATING | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |