For The Needy & Hungry Foundation Inc
- Assets
- $431.2k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 45-5637293
Organization Overview
For The Needy & Hungry Foundation Inc is located in Fort Lee, NJ. The organization was established in 2014. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. For The Needy & Hungry 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, For The Needy & Hungry Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 20.6% per year over the past 9 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
MEDICAL AND DENTAL SERVICES
EDUCATIONAL PROGRAMS
FOOD BANK
ORPHANAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khalid Sheikh President | 40 | $0 | |
Affan Akhtar Trustee | 6 | $0 | |
Waheed Khalid Trustee | 6 | $0 | |
Fatima Sheikh Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,759,964 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $1,759,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $128,727 |
| Other expenses | $45,665 |
| Total operating and administrative expenses | $467,084 |
| Contributions, gifts, grants paid | $1,063,000 |
| Total expenses and disbursements | $1,530,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,195 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $431,195 |
| 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, For The Needy & Hungry Foundation Inc has awarded $238,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOR THE NEEDY AND HUNGRY FOUNDATION PURPOSE: CHARITY | $238,700 |
ISLAMIC RELIEF USA PURPOSE: WALK FOR WATER - NEW JERSEY | $100 |