Addax Foundation
- Assets
- $98.2k
- Revenue
- $145.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-1168150
Organization Overview
Addax Foundation is located in Frisco, TX. 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. Addax Foundation 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, Addax Foundation generated $145.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.0% each year . All expenses for the organization totaled $76.8k during the year ending 12/2022. While expenses have increased by 36.6% 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.
Since 2020, Addax Foundation has awarded 14 individual grants totaling $317,358. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE USED TO SUPPORT FOR THE SCHOLARSHIP.
GRANTS ARE USED TO SUPPORT FOR THE RESEARCH AND ADVANCEMENT IN MEDICINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khaled Fekih Romdhane President | 0 | $0 | |
DO Kim Secretary | 0 | $0 | |
Khaled Fekih Romdhane Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $145,000 |
| Interest on Savings | $0 |
| 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 | $145,000 |
| 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 | $2,772 |
| Printing and publications | $0 |
| Other expenses | $239 |
| Total operating and administrative expenses | $3,011 |
| Contributions, gifts, grants paid | $73,766 |
| Total expenses and disbursements | $76,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,111 |
| Savings and temporary cash investments | $100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,211 |
| Accounts payable and accrued expenses | $3 |
| 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 | $3 |
Grants Awarded
Over the last fiscal year, Addax Foundation has awarded $73,766 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UCSF FOUNDATION PURPOSE: GRANTS TO SUPPORT CANCER RESEARCH | $30,146 |
UNIVERSITY OF WASHINGTON PURPOSE: GRANT TO SUPPORT SCHOLARSHIP | $43,620 |