Aldeen Foundation
- Assets
- $4.1m
- Revenue
- $276.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 95-4353000
Organization Overview
Aldeen Foundation is located in Pasadena, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Aldeen 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, Aldeen Foundation generated $276.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $341.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aldeen Foundation has awarded 32 individual grants totaling $412,487. 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
DONATION TO EDUCATIONAL INSTITUTIONS AND OTHER NONPROFIT ORGANIZATIONS
NEEDS BASED FINANCIAL AID
CONTINUING TEACHERS EDUCATION
ARABIC READING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hala Alfi Chairwoman | 40 | $0 | |
Lina Kholaki Board Member | 5 | $0 | |
Thouraya Bouberta Board Member | 8 | $0 | |
Dimah Sharif Secretary | 4 | $0 | |
Aida Osman Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350 |
| Interest on Savings | $4,616 |
| Dividends & Interest | $3,641 |
| Net Rental Income | $41,495 |
| Net Gain on Sale of Assets | $6,189 |
| Capital Gain Net Income | $3,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,489 |
| Total Revenue | $276,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,500 |
| Other employee salaries and wages | $900 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,985 |
| Depreciation | $134,199 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,700 |
| Other expenses | $108,733 |
| Total operating and administrative expenses | $300,106 |
| Contributions, gifts, grants paid | $41,774 |
| Total expenses and disbursements | $341,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,229 |
| Savings and temporary cash investments | $291,501 |
| 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 | $3,699,200 |
| Other assets | $13,860 |
| Total assets | $4,057,790 |
| Accounts payable and accrued expenses | $3,706 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,073,284 |
| Other liabilities | $25,874 |
| Total liabilities | $2,102,864 |
Grants Awarded
Over the last fiscal year, Aldeen Foundation has awarded $42,747 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HORIZON SCHOOL LOS ANGELES PURPOSE: FINANCIAL AID | $8,560 |
NEW HORIZON SCHOOL PASADENA PURPOSE: DONATION AND FINANCIAL AID | $17,897 |
NEW HORIZON SCHOOL W LOS ANGELES PURPOSE: FINANCIAL AID | $10,290 |
ISNA PURPOSE: COMMUNITY SERVICES | $6,000 |