Rahmah Foundation Inc
- Assets
- $6.4m
- Revenue
- $317.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Villa, IL
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-2598956
Organization Overview
Rahmah Foundation Inc is located in Lake Villa, IL. The organization was established in 2016. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rahmah 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 12/2022, Rahmah Foundation Inc generated $317.7k in total revenue. All expenses for the organization totaled $325.4k during the year ending 12/2022. While expenses have increased by 99.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATING RELIGIOUS ACTIVITIES AND FOOD BANKS SERVING COOK AND LAKE COUNTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashfaq Hussain President | 20 | $0 | |
Fatima Ashfaq Vice President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $149,607 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $317,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,180 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,170 |
| Depreciation | $118,728 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $167,567 |
| Total operating and administrative expenses | $317,914 |
| Contributions, gifts, grants paid | $7,533 |
| Total expenses and disbursements | $325,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,218 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $2,106,472 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $4,183,485 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,364,175 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,315,000 |
| Mortgages and other notes payable | $2,313,387 |
| Other liabilities | $0 |
| Total liabilities | $3,628,387 |
Grants Awarded
Over the last fiscal year, Rahmah Foundation Inc has awarded $7,533 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAMIC FOUNDATION OF NORTH AMERICA PURPOSE: CHARITABLE PURPOSE | $1,000 |
ANDREW JEFFERSPATRICIA SWEGART PURPOSE: CHARITABLE PURPOSE | $2,500 |
TABASSUM SULTANA KHAN PURPOSE: CHARITABLE PURPOSE | $1,000 |
SANA ALI PURPOSE: CHARITABLE PURPOSE | $400 |
YASMEEN MAZHER KHAN PURPOSE: CHARITABLE PURPOSE | $500 |
DARUSSALAAM PURPOSE: CHARITABLE PURPOSE | $560 |