The American-Salam Charitable Foundation Of Miami Inc
- Assets
- $606.3k
- Revenue
- $17.3k
- Investments
- $573.9k
- Employees
- 0
- Location
- Miami, FL
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 59-6487232
Organization Overview
The American-Salam Charitable Foundation Of Miami Inc is located in Miami, FL. The organization was established in 1984. 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. American-Salam Charitable Foundation Of Miami 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 12/2022, American-Salam Charitable Foundation Of Miami Inc generated $17.3k 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 (21.1%) each year. All expenses for the organization totaled $54.6k 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 |
|---|---|---|---|
Albert Shaheen 2nd Vice President | 2 | $0 | |
Margaret Gilbert Lane Board Member | 2 | $0 | |
Yvonne Shashaty Board Member | 2 | $0 | |
Ron Isriel Jr Board Member | 2 | $0 | |
Michael Lawrence Jr Financial Secretary | 4 | $0 | |
Joyce Carlson Parliamentarian | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,655 |
| Interest on Savings | $65 |
| Dividends & Interest | $14,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,931 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,857 |
| Printing and publications | $0 |
| Other expenses | $9,599 |
| Total operating and administrative expenses | $34,394 |
| Contributions, gifts, grants paid | $20,200 |
| Total expenses and disbursements | $54,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,052 |
| 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 | $157,961 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,320 |
| Total assets | $606,271 |
| 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 | $18 |
| Total liabilities | $18 |
Grants Awarded
Over the last fiscal year, The American-Salam Charitable Foundation Of Miami Inc has awarded $20,200 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CAMILLUS HOUSE PURPOSE: DONATION | $500 |
ARMED FORCES SERVICE CENTER PURPOSE: DONATION | $500 |
CARITAS FOR LEBANON PURPOSE: SCHOLARSHIP | $500 |
DIABETES RESEARCH FOUNDATION PURPOSE: DONATION | $500 |
KIDSANTUARY CAMPUS PURPOSE: DONATION | $500 |
MARIAN CENTRE PURPOSE: DONATION | $500 |