Amk Charitable Foundation
- Assets
- $49.8m
- Revenue
- $18.6m
- Investments
- $37.0m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-6844643
Organization Overview
Amk Charitable Foundation is located in Las Vegas, NV. 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. Amk Charitable 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 12/2021, Amk Charitable Foundation generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 27.9% per year over the past 6 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.
Since 2014, Amk Charitable Foundation has awarded 28 individual grants totaling $11,887,500. 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
PROVIDED A GRANT TO LIGHT FOR ORPHANS, AN ORGANIZATION DEDICATED TO ALLEVIATING THE SUFFERING OF ORPHANS AND VULNERABLE CHILDREN IN EGYPT THROUGH PROVIDING FOR THEIR PHYSICAL, EMOTIONAL, PSYCHOLOGICAL, AND MENTAL WELL-BEING. PROVIDED A GRANT TO SAINT MINA MONASTERY AND COPTIC ORTHODOX MONASTERY IN JERUSALEM TO SUPPORT THE RELIGIOUS ORGANIZATIONS WHO SERVE THE PATRONS OF THE COPTIC ORTHODOX CHURCH OF ALEXANDRIA, EGYPT. PROVIDED A GRANT TO BISHOPRIC FOR PUBLIC, ECUMENICAL AND SOCIAL SERVICES, WHOSE EFFORTS HELP POOR AND MARGINALIZED PEOPLE DISCOVER AND DEVELOP THEIR POTENTIAL BY IMPROVING CONDITIONS OF THEIR COMMUNITIES SOCIALLY, CULTURALLY, AND ECONOMICALLY. PROVIDED A GRANT TO COPTIC MISSION, A CHARITABLE ORGANIZATION WHOSE MISSION IS TO IMPROVE THE LIVES OF THE UNDERPRIVILEGED THROUGH EDUCATION AND MEDICAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dalia Guindi Vice President | 1 | $0 | |
Ashraf Boutros President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,577,256 |
| Interest on Savings | $122,874 |
| Dividends & Interest | $617,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $265,388 |
| Capital Gain Net Income | $265,388 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,583,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190,240 |
| Total operating and administrative expenses | $198,458 |
| Contributions, gifts, grants paid | $4,335,000 |
| Total expenses and disbursements | $4,533,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,788,301 |
| 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 | $36,980,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,768,584 |
| 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, Amk Charitable Foundation has awarded $4,335,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLESS USA PURPOSE: RAISE AWARENESS IN THE UNITED STATES ABOUT THE CONDITIONS OF NEEDY COPTS IN EGYPT | $4,120,000 |
ST MARY & ST MARK PURPOSE: PASSIONATELY ENGAGING BELIEVERS ON THEIR JOURNEY OF FAITH TO REACH ETERNAL LIFE WITH JESUS. | $100,000 |
LITTLEST LAMBS PURPOSE: EMPOWERING CHILDREN OF EGYPT TO GROW INTO LEADING, RESPONSIBLE MEMBERS OF THE EGYPTIAN SOCIETY | $50,000 |
ST MARY & ST MERCURIUS PURPOSE: "PRESENT EVERY MAN PERFECT IN CHRIST JESUS" (COL 1:28) BY REFLECTING THE LIGHT OF CHRIST AND THE ORTHODOX CHRISTIAN FAITH IN THE WORLD. | $50,000 |
ST ANTHONY MONASTERY PURPOSE: DEDICATED TO CHRIST OUR GOD, AND SUPPLICATE HIM ON BEHALF OF THE SALVATION OF THE WHOLE WORLD. | $10,000 |
COPTIC CHURCH IN HI PURPOSE: PRAY FOR ALL INDIVIDUALS TO COME TOGETHER UNITED IN THE BODY OF CHRIST, TO EXPERIENCE LOVE, LEARNING, AND EDIFICATION THROUGH THE APOSTOLIC, ORTHODOX FAITH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |