Giveaseed Foundation
- Assets
- $4.6m
- Revenue
- $530.2k
- Investments
- $4.2m
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 10/2019
- Data as of
- 06/2023
- EIN
- 83-1368172
Organization Overview
Giveaseed Foundation is located in Lisle, IL. The organization was established in 2019. 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. Giveaseed Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Giveaseed Foundation has awarded 62 individual grants totaling $458,916. 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 |
|---|---|---|---|
Alan Elshafei President | 0 | $0 | |
Reem Elshafei Secretary | 0 | $0 | |
Tom Golab Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $28,648 |
| Dividends & Interest | $66,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$65,359 |
| Capital Gain Net Income | $35,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $536 |
| Total Revenue | $530,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115 |
| Total operating and administrative expenses | $13,687 |
| Contributions, gifts, grants paid | $116,566 |
| Total expenses and disbursements | $130,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,850 |
| 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 | $11,670 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $203,555 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,641,531 |
| 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, Giveaseed Foundation has awarded $116,566 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ICNA RELIEF PURPOSE: GENERAL SUPPORT | $5,000 |
ISLAMIC CENTER OF NAPERVILLE PURPOSE: GENERAL SUPPORT | $8,000 |
UNITED HOLY LAND FUND PURPOSE: GENERAL SUPPORT | $3,000 |
ALSAC - ST JUDE PURPOSE: GENERAL SUPPORT | $5,000 |
INNERCITY MUSLIM ACTION NETWORK PURPOSE: GENERAL SUPPORT | $5,000 |
CHICAGO ISLAMIC CENTER PURPOSE: GENERAL SUPPORT | $5,166 |