Raquib Family Waqf Foundation
- Assets
- $813.3k
- Revenue
- $14.5k
- Investments
- $812.7k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3924396
Organization Overview
Raquib Family Waqf Foundation is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raquib Family Waqf 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, Raquib Family Waqf Foundation generated $14.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $68.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farouk Raquib Settlor And Trustee | 0 | $0 | |
Nasima Raquib Trustee | 0 | $0 | |
Riazul Raquib Trustee | 0 | $0 | |
Aishah Raquib Trustee | 0 | $0 | |
Khadijah Raquib Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $812 |
| Capital Gain Net Income | $812 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188 |
| Total Revenue | $14,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $660 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,642 |
| Total operating and administrative expenses | $8,302 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $68,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609 |
| 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 | $812,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $813,338 |
| 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, Raquib Family Waqf Foundation has awarded $60,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNITY PRODUCTIONS FOUNDATION PURPOSE: TO PROVIDE FOR THE CONSULTATION OF SERIES IN HOLLYWOOD, HELPING THEM GO FROM STEREOTYPICAL TO COMPASSIONATE PORTRAYALS OF MUSLIMS. | $15,000 |
FAITH UNITY INC PURPOSE: TO HELP STUDENTS OF THE QURAN TO MEET THEIR EDUCATIONAL GOALS AND FOR MAKING A POSITIVE DIFFERENCE TOWARDS A BRIGHTER FUTURE. | $5,000 |
NAGAMIA INSTITUTE OF ISLAMIC MEDICINE AND SCIENCES PURPOSE: TO BUILD BRIDGES FROM THE PAST, PRESENT, AND FUTURE IN ISLAMIC MEDICINE, SCIENCE, PHILOSOPHY, ART AND CULTURE. | $5,000 |
ISLAMIC CENTER OF MISSISSIPPI AT STARKVILLE PURPOSE: DONATION TOWARDS THE ISLAMIC CENTER OF STARKVILLE. | $30,000 |
CENTER OF MUSLIM LIFE MD PURPOSE: MENTORSHIP & COUNSELING | $5,000 |