Saif & Lubna Foundation
- Assets
- $4.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 84-6778917
Organization Overview
Saif & Lubna Foundation is located in Plano, TX. 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. Saif & Lubna 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, Saif & Lubna Foundation has awarded 150 individual grants totaling $983,490. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saifur R Khan Trustee | 0 | $0 | |
Lubna Khan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,085,000 |
| Interest on Savings | $2,410 |
| Dividends & Interest | $0 |
| 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 | $2,087,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $20,003 |
| Contributions, gifts, grants paid | $385,450 |
| Total expenses and disbursements | $405,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,142 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $800,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,538,245 |
| 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 | $3,990,387 |
| 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, Saif & Lubna Foundation has awarded $385,450 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
RAHBAR FOUNDATION PURPOSE: GIFT | $6,000 |
NORTH TEXAS FOOD BANK PURPOSE: GIFT | $500 |
MUSLIM COMMUNITY CENTER PURPOSE: GIFT | $5,000 |
ISLAMIC ASSOCIATION OF MURPHY MA PURPOSE: GIFT | $10,000 |
INDIAN MUSLIM RELIEF CHARITIES IMRC PURPOSE: GIFT | $26,000 |
ONE NATION PURPOSE: GIFT | $2,500 |