Majeed Foundation Inc
- Assets
- $14.5m
- Revenue
- $1.2m
- Investments
- $14.0m
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 47-2653320
Organization Overview
Majeed Foundation Inc is located in St Petersburg, FL. The organization was established in 2016. 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. Majeed Foundation Inc 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, Majeed Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $715.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Majeed Foundation Inc has awarded 27 individual grants totaling $1,977,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Najla T Majeed Sec/treas | 12 | $0 | |
Kamal N Majeed President | 24 | $0 | |
Christina M Majeed Director | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,829 |
| Capital Gain Net Income | $61 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,232,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,513 |
| Total operating and administrative expenses | $62,911 |
| Contributions, gifts, grants paid | $653,000 |
| Total expenses and disbursements | $715,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,928 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,468,175 |
| 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, Majeed Foundation Inc has awarded $653,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ST PETERSBURG PURPOSE: ST PETE SPLASH PAD AND WALKWAY | $200,000 |
FLORIDA BOTANICAL GARDENS PURPOSE: SUPPORT EDUCATIONAL PROGRAMS | $160,000 |
ST MATHEW THE HERMIT CHURCH PURPOSE: SUPPORT RESEARCH AND EDUCATION | $150,000 |
St Petersburg, FL PURPOSE: SUPPORT HISTORIC WATERFRONT PARKS | $93,000 |
WOODSON AFRICAN AMERICAN MUSEUM PURPOSE: SUPPORT EXHIBITS AND EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |