Waqf Endowment Fund
- Assets
- $10.5m
- Revenue
- $69.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 95-4611894
Organization Overview
Waqf Endowment Fund is located in Pasadena, CA. The organization was established in 1997. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waqf Endowment Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Waqf Endowment Fund has awarded 43 individual grants totaling $764,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURTHER THE EDUCATIONAL & RELIGOUS PURPOSES OF ISLAM BY MAKING GRANTS TO SELECT ISLAMIC ORGANIZATIONS IN SOUTHERN CALIFORNIA & INCURRING DIRECT CHARITABLE EXPENDITURES IN SO CAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aqueela Jaffer Vice Chairman | 1 | $0 | |
Hala Alfi Secretary | 1 | $0 | |
Abdelhamid Youness Director | 1 | $0 | |
Ahmed Alfi Director | 1 | $0 | |
Amre Youness Director | 1 | $0 | |
Magdy El-Etreby Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,306 |
| Dividends & Interest | $68,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $75,972 |
| Net ST Capital Gain | $1,822 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $129 |
| Total Revenue | $69,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,818 |
| Total operating and administrative expenses | $51,779 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $151,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,921 |
| Savings and temporary cash investments | $625,520 |
| 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 | $7,865,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,728,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,521,172 |
| 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, Waqf Endowment Fund has awarded $100,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: PROVIDE BURIAL PLOTS | $40,000 |
NEW HORIZONS SCHOOL - WEST LA PURPOSE: FURTHER ISLAMIC EDUCATION | $15,000 |
NEW HORIZONS SCHOOL - IRVINE PURPOSE: FURTHER ISLAMIC EDUCATION | $15,000 |
Pasadena, CA PURPOSE: FURTHER ISLAMIC EDUCATION | $15,000 |
NEW HORIZONS SCHOOL - LOS ANGELES PURPOSE: FURTHER ISLAMIC EDUCATION | $7,000 |
MPAC PURPOSE: FURTHER ISLAMIC EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Lynch Tw-Closing Phoenix, AZ | $0 | $1,800,345 |
Missions Of Hope International Phoenix, AZ | $1,398,105 | $11,092,409 |
Foundation For Christianstewardship Irvine, CA | $2,166,053 | $1,632,635 |
Christian Foundation Of The West Inc Westlake Village, CA | $29,861,352 | $8,138,364 |
Shinnyo-En Foundation San Bruno, CA | $28,915,235 | $1,951,028 |
Libitzky Family Foundation San Francisco, CA | $16,385,031 | $1,879,741 |
Episcopal Impact Fund San Francisco, CA | $6,585,359 | $2,213,656 |
Joseph J Storey Charitable Remainder Unitrust Las Vegas, NV | $7,569,430 | $1,397,221 |
Spiritual Care Link Foundation Scottsdale, AZ | $356,325 | $815,410 |
Shedry Dar Foundation Mesa, AZ | $4,092,490 | $2,757,316 |
Global Assistance Partner La Habra, CA | $431,832 | $683,902 |
Catholic Womens Guild Hawaii Kailua, HI | $0 | $290,181 |