Al-Midani Foundation
- Assets
- $582.3k
- Revenue
- $279.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Burton, MI
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 32-0149002
Organization Overview
Al-Midani Foundation is located in Burton, MI. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Al-Midani Foundation 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, Al-Midani Foundation generated $279.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $132.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Al-Midani Foundation has awarded 99 individual grants totaling $1,485,873. 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 |
|---|---|---|---|
M Haitham Al-Midani President | 1 | $0 | |
Ragheed Al-Midani Vice Preside | 1 | $0 | |
Razan Al-Midani Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $277,788 |
| Interest on Savings | $8 |
| Dividends & Interest | $1,460 |
| Net Rental Income | -$6,379 |
| 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 | $279,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,270 |
| Depreciation | $8,709 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,740 |
| Total operating and administrative expenses | $31,719 |
| Contributions, gifts, grants paid | $101,104 |
| Total expenses and disbursements | $132,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,594 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $30,000 |
| 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 | $226,743 |
| Other assets | $0 |
| Total assets | $582,337 |
| 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, Al-Midani Foundation has awarded $101,104 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FLINT ISLAMIC CENTER PURPOSE: CHARITY | $30,000 |
SWASIA CHARITY FOUNDATION PURPOSE: CHARITY | $15,000 |
UNIVERSITY OF MICHIGAN PURPOSE: EDUCATION | $32,767 |
GREATER LANSING ISLAMIC PURPOSE: CHARITY | $10,000 |
WAYE STATE UNIVERITY PURPOSE: EDUCATION | $3,337 |
MERCY WITHOUT LIMITS PURPOSE: CHARITY | $10,000 |