Razzak Foundation
- Assets
- $952.1k
- Revenue
- $493.0
- Investments
- $951.0k
- Employees
- 0
- Location
- Flushing, MI
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 38-3436519
Organization Overview
Razzak Foundation is located in Flushing, MI. The organization was established in 1999. 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. Razzak 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 12/2023, Razzak Foundation generated $493.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $38.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Razzak Foundation has awarded 99 individual grants totaling $621,660. 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 |
|---|---|---|---|
Abdulkader Abdulrazzak President | 0 | $0 | |
Amal Abdulrazzak Vice-Preside | 0 | $0 | |
Iman Abdulrazzak Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70 |
| Dividends & Interest | $5,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,029 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$6,186 |
| Total Revenue | $493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176 |
| Total operating and administrative expenses | $843 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $38,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,125 |
| 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 | $200,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $952,077 |
| 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, Razzak Foundation has awarded $37,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL OF AMERICAN ISLAMIC RELATIO PURPOSE: ISLAMIC RELATIONS | $500 |
DAR-AL-ARQUAM SCHOOL PURPOSE: EDUCATION | $1,000 |
MUSLIM FAMILY SERVICES PURPOSE: FAMILY SERVICES | $2,500 |
FLINT ISLAMIC CENTER - ISNA PURPOSE: SERVE THE BEST INTEREST OF ISLAM | $26,000 |
SYRIAN AMERICAN MEDICAL SOCIETY PURPOSE: GENERAL DONATION | $5,000 |
NOOR UNITY CENTER PURPOSE: GENERAL DONATION | $1,000 |