Zahara Kathawalla Foundation
- Assets
- $478.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 85-1807248
Organization Overview
Zahara Kathawalla Foundation is located in Minneapolis, MN. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zahara Kathawalla 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 12/2023, Zahara Kathawalla Foundation generated $138.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $13.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 3 years. 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
ADVANCING EDUCATION, COMBATTING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY, AS WELL AS RELIEVING THE POOR, DISTRESSED, AND UNDERPRIVILEGED BY: 1) PROVIDING EDUCATIONAL GRANTS AND SCHOLARSHIPS TO YOUNG ADULTS WITH OUR ADEQUATE MEANS SO THEY CAN PURSUE THEIR PASSIONS FOR EDUCATION AND OTHER ORGANIZED ACTIVITIES THAT BUILD POSITIVE SELF-ESTEEM, ASSIST IN PERSONAL DEVELOPMENT, ALLOW FOR ARTISTIC INSPIRATION, AND/OR PROVIDE EDUCATIONAL ADVANCEMENT; AND 2) PROMOTING INSPIRED PHILANTHROPY AIMED AT LIFTING UP THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ummul Kathawalla President | 1 | $0 | |
Jane Nienhuis Vice President | 1 | $0 | |
Salim Kathawall Treasurer | 1 | $0 | |
Erin Stauch Secretary | 1 | $0 | |
Farida Kathawalla Director | 1 | $0 | |
Denise D'rozario Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,686 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,567 |
| Gain or Loss | -$4,653 |
| Net Income from Gaming & Fundraising | $11,285 |
| Other Revenue | $0 |
| Total Revenue | $138,885 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,927 |
| Total expenses | $13,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $478,608 |
| Other assets | $0 |
| Total assets | $478,608 |
| Total liabilities | $0 |
| Net assets or fund balances | $478,608 |