Tariq And Asma Farid Foundation
- Assets
- $1.7m
- Revenue
- $896.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-3868042
Organization Overview
Tariq And Asma Farid Foundation is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Tariq And Asma Farid 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, Tariq And Asma Farid Foundation generated $896.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $404.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tariq And Asma Farid Foundation has awarded 153 individual grants totaling $4,135,779. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tariq Farid Director | 0 | $0 | |
Asma Farid Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $599,451 |
| Interest on Savings | $7,302 |
| Dividends & Interest | $551 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $289,345 |
| Capital Gain Net Income | $289,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $896,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18 |
| Taxes | $5,596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79 |
| Total operating and administrative expenses | $54,193 |
| Contributions, gifts, grants paid | $350,500 |
| Total expenses and disbursements | $404,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,950 |
| Savings and temporary cash investments | $603,433 |
| 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 | $890,061 |
| 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 | $1,673,444 |
| Accounts payable and accrued expenses | $1,722 |
| 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 | $1,722 |
Grants Awarded
Over the last fiscal year, Tariq And Asma Farid Foundation has awarded $350,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
IMRAN KHAN CANCERAPPEAL INC PURPOSE: GENERAL | $40,000 |
INTERNATIONAL AIDCHARITY PURPOSE: GENERAL | $40,000 |
ZAYTUNA COLLEGE PURPOSE: GENERAL | $100,000 |
JARDINE SPEARSAUTISM FOUNDATION PURPOSE: GENERAL | $500 |
INNERCITY MUSLIM ACTIONNETWORK PURPOSE: GENERAL | $10,000 |
MASJID AL ISLAM PURPOSE: GENERAL | $15,000 |