Farouk Shami Foundation For Peace
- Assets
- $820.4k
- Revenue
- $7.3k
- Investments
- $400.0k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 81-5108618
Organization Overview
Farouk Shami Foundation For Peace is located in Houston, TX. The organization was established in 2018. 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. Farouk Shami Foundation For Peace 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, Farouk Shami Foundation For Peace generated $7.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (55.9%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farouk M Shami President/director | 1 | $0 | |
Jamilah Shami Secretary | 1 | $0 | |
Rami F Shami Director | 1 | $0 | |
Amy Mccall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $619 |
| Dividends & Interest | $6,728 |
| 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 | $7,347 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $310 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $75,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $420,350 |
| 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 | $400,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,386 |
| 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, Farouk Shami Foundation For Peace has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEONARD EDUCATION ORGANIZATION PURPOSE: TO PROVIDE SCHOLARSHIPS FOR ARAB AMERICAN CHILDREN | $50,000 |
JERUSALEM FUND FOR EDUCATION & COMMUNITY DEV PURPOSE: CHARITABLE | $25,000 |