Pillars Fund
- Assets
- $11.1m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-0983087
Organization Overview
Pillars Fund is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Pillars Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pillars Fund 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, Pillars Fund generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 43.6% 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 2018, Pillars Fund has awarded 136 individual grants totaling $3,834,030. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN RELATIONS WITH AMERICAN MUSLIMS AND ALL AMERICANS. PILLARS FUND STRATEGICALLY SUPPORTS NONPROFIT ORGANIZATIONS THAT AMPLIFY THE TALENTS AND LEADERSHIP OF AMERICAN MUSLIMS AND IMPROVE THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PILLARS SIGNATURE PROGRAM IS OUR COMMUNITY GRANTMAKING FUND. PILLARS MAKES GRANTS TO A SERIES OF NONPROFIT ORGANIZATIONS IN THE U.S. THAT ARE WORKING TO AMPLIFY THE LEADERSHIPS, TALENTS AND NARRATIVES OF AMERICAN MUSLIMS. THROUGH A COMPETITIVE GRANTMAKING PROCESS IN WHICH PILLARS STAFF EVALUATES OVER 100 ORGANIZATIONS THAT APPLY FOR FUNDING FROM PILLARS, WE MAKE DECISIONS ON WHICH ORGANIZATIONS TO MAKE A GRANT TO BASED ON A NUMBER OF FACTORS INCLUDING STRONG FINANCIAL STATEMENTS, LEADERSHIP AND IMPACTS OF MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kashif Shaikh Executive Dir. | OfficerTrustee | 40 | $116,051 |
Sameer Shamsi Director | Trustee | 2 | $0 |
Saleemah Abdul-Ghafur Director | Trustee | 2 | $0 |
Rashid Shabazz Director | Trustee | 2 | $0 |
Nancy A Khalil Director | Trustee | 2 | $0 |
Deana Haggag Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,055,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,055,261 |
| Total Program Service Revenue | $0 |
| Investment income | $1,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,056,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,023,500 |
| Grants and other assistance to domestic individuals. | $52,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,051 |
| Compensation of current officers, directors, key employees. | $27,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,409 |
| Payroll taxes | $57,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,761 |
| Advertising and promotion | $27,872 |
| Office expenses | $48,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,500 |
| Travel | $47,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,305 |
| Insurance | $1,977 |
| All other expenses | $0 |
| Total functional expenses | $2,415,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,991,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,450,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,704 |
| Net Land, buildings, and equipment | $17,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $658,000 |
| Total assets | $11,143,935 |
| Accounts payable and accrued expenses | $32,748 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,748 |
| Net assets without donor restrictions | $7,452,452 |
| Net assets with donor restrictions | $3,658,735 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,143,935 |
Grants Awarded
Over the last fiscal year, Pillars Fund has awarded $1,020,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: Program Support | $105,000 |
Chicago, IL PURPOSE: Program Support | $75,000 |
INSTITUTE FOR SOCIAL POLICY PURPOSE: Program Support | $75,000 |
Long Island City, NY PURPOSE: Program Support | $75,000 |
Los Angeles, CA PURPOSE: Program Support | $50,000 |
MUSLIM WELLNESS FOUNDATION PURPOSE: Program Support | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pillars Fund has recieved totaling $455,454.
| Awarding Organization | Amount |
|---|---|
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT FOR THE PILLARS FUND AND POP CULTURE COLLABORATIVE PROJECT | $200,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT FOR THE POP CULTURE COLLABORATIVE PROJECT | $150,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |
Pillars Fund Chicago, IL | $11,143,935 | $11,056,329 |