Afzal Family Foundation
- Assets
- $2.7m
- Revenue
- $93.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Sellersville, PA
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2325708
Organization Overview
Afzal Family Foundation is located in Sellersville, PA. The organization was established in 2015. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Afzal Family 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 12/2023, Afzal Family Foundation generated $93.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $924.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Afzal Family Foundation has awarded 31 individual grants totaling $600,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO SUPPORT OTHER NON PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 2 | $0 | |
Name Not Listed Vice Preside | 2 | $0 | |
Name Not Listed Treasurer/se | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,095 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,417 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,512 |
| 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 | $28,947 |
| Contributions, gifts, grants paid | $895,331 |
| Total expenses and disbursements | $924,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $644,692 |
| 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 | $2,694,586 |
| 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, Afzal Family Foundation has awarded $196,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMANA FOUNDATION PURPOSE: TO SUPPORT ORGANIZATION | $9,500 |
DARUL QURAN SUNNAH PURPOSE: TO SUPPORT ORGANIOZATION | $36,000 |
DARUL ULUM NY PURPOSE: TO SUPPORT ORGANIZATION | $45,000 |
MANNA ON MAIN STREET PURPOSE: TO FIGHT HUNGER | $10,000 |
ZUBAIDA FOUNDATION PURPOSE: TO SUPPORT | $36,000 |
NP MOSQUE PURPOSE: TO SUPPORT ORGANIZATION | $24,000 |