Altalib Family Foundation Aff
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-1941454
Organization Overview
Altalib Family Foundation Aff is located in Reston, VA. The organization was established in 2013. 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. Altalib Family Foundation Aff 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, Altalib Family Foundation Aff generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $188.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Altalib Family Foundation Aff has awarded 63 individual grants totaling $2,108,232. 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
THE FOUNDATION MADE CONTRIBUTIONS TO IKRAM FOUNDATION FOR WOMEN'S EDUCATION.
THE FOUNDATION MADE CONTRIBUTIONS TO UNITY PRODUCTIONS FOUNDATION FOR WOMEN'S EDUCATION.
THE FOUNDATION MADE CONTRIBUTIONS TO FOUNDATION FOR US COUNCIL OF MUSLIM ORGANIZATIONS FOR WOMEN'S EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hisham Altalib President | 0.25 | $0 | |
Ilham Altalib Director | 0.25 | $0 | |
Noha Altalib Director | 0.25 | $0 | |
Hasan Altalib Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,665,000 |
| 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 | $1,665,000 |
| 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 | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,625 |
| Contributions, gifts, grants paid | $185,000 |
| Total expenses and disbursements | $188,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,554,119 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,326 |
| 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 | $1,555,445 |
| 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, Altalib Family Foundation Aff has awarded $185,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IKRAM FOUNDATION PURPOSE: PROGRAM ASSISTANCE SOCIAL/COMMUNITY SERVICE | $150,000 |
UNITY PRODUCTIONS FOUNDATION PURPOSE: PROGRAM ASSISTANCE SOCIAL/COMMUNITY SERVICE | $25,000 |
US COUNCIL OF MUSLIM ORGANIZATIONS PURPOSE: PROGRAM ASSISTANCE SOCIAL/COMMUNITY SERVICE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Altalib Family Foundation Aff has recieved totaling $758,666.
| Awarding Organization | Amount |
|---|---|
Fairfax Educational Foundation Inc Fairfax, VA PURPOSE: PROGRAM ASSISTANCE | $758,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |