Yaqub Family Foundation
- Assets
- $2.1m
- Revenue
- $708.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-3425222
Organization Overview
Yaqub Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Yaqub 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 12/2022, Yaqub Family Foundation generated $708.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $994.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Yaqub Family Foundation has awarded 149 individual grants totaling $3,251,250. 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 |
|---|---|---|---|
Abdul Yaqub Dir, Pres, Sec, Treas | 1 | $0 | |
Henna Yaqub Dir, VP | 1 | $0 | |
Natasha Sieglinde Yaqub Dir, VP | 1 | $0 | |
Osaid Yaqub Dir, VP | 1 | $0 | |
Salma Yaqub Dir, VP | 1 | $0 | |
Zahid Yaqub Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $1,075 |
| Dividends & Interest | $7,574 |
| 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 | $708,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,451 |
| Total operating and administrative expenses | $9,551 |
| Contributions, gifts, grants paid | $985,000 |
| Total expenses and disbursements | $994,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $574,522 |
| 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 | $2,074,522 |
| 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, Yaqub Family Foundation has awarded $985,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF ISLAMIC EDUCATION NFP PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
AMPI PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ASIAN AMERICAN CAUCUS EDUCATION FUND PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
CHARITY WAY FOUNDATION PURPOSE: ZMT MEDICAL CENTER | $10,000 |
BLESSING FOUNDATION INTERNATIONAL INC PURPOSE: PAKISTAN FLOOD VICTIMS FUND | $10,000 |
CHI-CARE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |