Gift Usa Foundation Inc
- Assets
- $21.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, CA
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-3419935
Organization Overview
Gift Usa Foundation Inc is located in Newark, CA. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift USA 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 12/2023, Gift USA Foundation Inc generated $113.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $105.1k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT ORGANIZATIONS WHO ALREADY HAVE THE INFRASTRUCTURE AND CREDIBILITY IN PROVIDING QUALITY SERVICE AT THE GRASS ROOT LEVEL. GIFT FOUNDATION WILL BRIDGE THE GROWING NEEDS OF THESE ORGANIZATIONS BY HELPING THEM GENERATE FUNDS FROM USA DONORS AS WELL AS PROVIDE THE ACCOUNTABILITY AND TRANSPARENCY NEEDED TO FULFILL DONORS AND LEGAL REQUIREMENTS. ALSO THERE ARE LOCAL ORGANIZATIONS PROVIDING SHELTER TO THE BATTERED WOMEN AND HELPING POOR AND NEEDY FAMILIES BY SUPPLYING FREE FOOD AND GROCERIES. GIFT FOUNDATION WILL HELP PROMOTE THEIR CAUSES TO ITS DONORS AND HELP GENERATE FUNDS. THIS WILL ALLOW THESE LOCAL ORGANIZATIONS TO EXPAND THEIR WORK AND HELP SUPPORT MORE PEOPLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohamed Marwan Majid President | 0 | $0 | |
Shahzad I Baqai CFO | 0 | $0 | |
Zafar A Naqvi Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,424 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,424 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $975 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $97 |
| Other expenses | $10,921 |
| Total expenses | $105,143 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,022 |
| Other assets | $0 |
| Total assets | $21,022 |
| Total liabilities | $755 |
| Net assets or fund balances | $20,267 |