The Citizens Foundation Usa
- Assets
- $7.8m
- Revenue
- $19.9m
- Investments
- $209.4k
- Employees
- 14
- Location
- Houston, TX
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 41-2046295
Organization Overview
The Citizens Foundation Usa is located in Houston, TX. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Citizens Foundation USA employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Foundation USA 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, Citizens Foundation USA generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $18.8m during the year ending 12/2021. While expenses have increased by 14.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TCF, USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL OPERATING EXPENSES OF SCHOOLS: IN 2021, TCF-USA RAISED 7.98M USD FROM USA DONORS FOR THE OPERATIONAL SUPPORT OF TCF PAKISTAN SCHOOLS IN PAKISTAN, INCLUDING MULTIYEAR SUPPORT, EDUCATING UNDERPRIVILEGED CHILDREN. OPERATIONAL EXPENSES OF RUNNING THE SCHOOL EFFICIENTLY WITH A PRINCIPAL, TRAINED TEACHERS, AND ADMIN STAFF IS COVERED BY THE SUPPORT, INCLUDING THE PICK UP AND DROP OFF OF FEMALE TEACHERS TO TCF PAKISTAN SCHOOLS LOCATED, MAINLY, IN DIFFICULT TO ACCESS AREAS OF THE CITIES OR VILLAGES.HIGHER EDUCATION SCHOLARSHIPS WORTH 0.29M USD WERE ALSO PROVIDED TO SUPPORT STUDENTS. THESE SCHOLARSHIPS INCENTIVIZE STUDENTS AND BOOSTS SELF-CONFIDENCE AND OPEN DOORS TO PROMISING OPPORTUNITIES. THESE AWARDED STUDENTS BECOME ROLE MODELS NOT ONLY WITHIN THEIR OWN FAMILIES AND SCHOOLS, BUT WITHIN THE COMMUNITIES.
CAMPUS CONSTRUCTION:IN 2021, TCF-USA SUPPORTED BUILDING NEW PRIMARY AND SECONDARY SCHOOL UNITS BY RAISING FUND AMOUNTING TO 7.62M USD. THIS HELPED CREATE EDUCATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED CHILDREN IN THE MOST IMPOVERISHED AND REMOTE REGIONS OF PAKISTAN. EACH OF THESE SCHOOLS HAVE A CAPACITY OF 180 STUDENTS.
ENDOWMENTS FOR FUTURE OPERATION OF SCHOOLS: TCF-USA SUPPORTS THE EFFORTS OF TCF PAKISTAN BY CONTRIBUTING TOWARDS THE ENDOWMENT OF TCF-USA BUILT SCHOOLS. IN 2021, TCF-USA RAISED 1.39M USD UNDER ENDOWMENT FUNDS. THIS ENSURES LONG-TERM SUSTAINABILITY FOR TCF PAKISTAN SCHOOLS AND HELPS US TO CONTINUE, YEAR AFTER YEAR, TO PROVIDE QUALITY EDUCATION TO THE UNDERPRIVILEGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fakhia Rashid COO & Development Manager | Officer | 40 | $100,300 |
Danial Noorani Director Development | Officer | 40 | $51,200 |
Rayomand Ghadiali CFO | Officer | 30 | $48,647 |
Haji Mody Director & Secretary | OfficerTrustee | 2 | $0 |
Faraz Khan Director & Treasurer | OfficerTrustee | 2 | $0 |
Arif Gafur President & Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,542,746 |
| Related organizations | $0 |
| Government grants | $121,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,161,905 |
| Noncash contributions included in lines 1a–1f | $717,129 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,826,048 |
| Total Program Service Revenue | $0 |
| Investment income | $90,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,916,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,372,448 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,147 |
| Compensation of current officers, directors, key employees. | $20,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $394,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,423 |
| Advertising and promotion | $278,109 |
| Office expenses | $81,913 |
| Information technology | $34,735 |
| Royalties | $0 |
| Occupancy | $3,906 |
| Travel | $5,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,774 |
| Insurance | $3,341 |
| All other expenses | $0 |
| Total functional expenses | $18,791,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,591 |
| Savings and temporary cash investments | $6,415,455 |
| Pledges and grants receivable | $23,238 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,064 |
| Investments—publicly traded securities | $443,648 |
| Investments—other securities | $209,350 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,168 |
| Total assets | $7,765,514 |
| Accounts payable and accrued expenses | $155,124 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $155,124 |
| Net assets without donor restrictions | $1,187,160 |
| Net assets with donor restrictions | $6,423,230 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,765,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Citizens Foundation Usa has recieved totaling $97,500.
| Awarding Organization | Amount |
|---|---|
Bhutta Family Foundation Weston, FL PURPOSE: DONATION | $97,500 |
Endowment Analysis
| Beg. Balance | $613,874 |
| Earnings | $79,286 |
| Ending Balance | $693,160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pure Inc Bentonville, AR | $3,138,267 | $27,808,227 |
Buckner Foundation Dallas, TX | $503,977,405 | $46,631,365 |
Panhandle Community Services Amarillo, TX | $11,013,426 | $24,011,483 |
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |