Yaqeen Endowment
- Assets
- $25.2m
- Revenue
- $6.2m
- Investments
- $4.8m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 10/2019
- Data as of
- 05/2022
- EIN
- 83-4372176
Organization Overview
Yaqeen Endowment is located in Irving, TX. The organization was established in 2019. According to its NTEE Classification (R11) the organization is classified as: Single Organization Support, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yaqeen Endowment 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 05/2022, Yaqeen Endowment generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 52.5% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENDOWMENT VEHICLE TO SUPPORT YAQEEN RESEARCH INSTITUTE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE YAQEEN RESEARCH INSTITUTE, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tahan Thraya Vice President, Board Memb | OfficerTrustee | 0.5 | $0 |
Ashraf Motiwala Secretary, Board Member | OfficerTrustee | 0.5 | $0 |
Faisal Shaikh Treasurer, Board Member | OfficerTrustee | 0.5 | $0 |
Omar Suleiman President, Board Member | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,045,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,045,212 |
| Total Program Service Revenue | $0 |
| Investment income | $139,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,279 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,239,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,641 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $128 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $42,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,129,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,278,799 |
| Investments—other securities | $4,788,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,939 |
| Total assets | $25,212,691 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $25,212,691 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,212,691 |
Endowment Analysis
| Beg. Balance | $19,243,058 |
| Earnings | -$75,579 |
| Net Contributions | $6,045,212 |
| Ending Balance | $25,212,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Americans Against Socialism Boerne, TX | $244,072 | $474,622 |
Babes Fest Inc Austin, TX | $65,452 | $340,992 |
Freedom Of Information Supporting Foundation Austin, TX | $2,013,300 | $101,767 |
Yaqeen Endowment Irving, TX | $25,212,691 | $6,239,575 |
Conservative Action Network Austin, TX | $130,039 | $0 |
Advance California Austin, TX | $19,827 | $0 |
Fashionable And Thick Foundation Houston, TX | $0 | $0 |