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← YAQEEN ENDOWMENT

Form 990 for tax year 2024

Filed by YAQEEN ENDOWMENT.

Totals

Total revenue
$6,584,982
Total expenses
$88,606
Contributions and grants received
$5,063,709
Grants paid
$0
Program service revenue
$0
Investment income
$1,521,273
Other revenue
$0
Total assets, end of year
$50,540,900
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$50,540,900
Program services expenses (Part IX)
$88,606
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$88,606

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,063,709

  • 3 · Investment income

    total $492,097 · excluded $492,097

  • 7a · Gross sales of assets other than inventory

    securities $9,775,293

  • 7b · Less cost or other basis and sales expenses

    securities $8,746,117

  • 7c · Gain or loss

    securities $1,029,176

  • 7d · Net gain or loss

    total $1,029,176 · excluded $1,029,176

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,869 · program services $9,869

  • 11b · Fees: legal

    total $24,782 · program services $24,782

  • 11c · Fees: accounting

    total $5,604 · program services $5,604

  • 14 · Information technology

    total $1,439 · program services $1,439

  • 24a · Other expenses: SUBCONTRACTOR

    total $36,000 · program services $36,000

  • 24b · Other expenses: TAX

    total $9,685 · program services $9,685

  • 24c · Other expenses: BANK FEES

    total $1,227 · program services $1,227

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,398,462 · end of year $8,276,481

  • 11 · Investments: publicly traded securities

    beginning of year $16,802,152 · end of year $22,925,480

  • 12 · Investments: other securities

    beginning of year $10,614,374 · end of year $19,323,999

  • 15 · Other assets

    beginning of year $14,940 · end of year $14,940

  • 27 · Net assets without donor restrictions

    beginning of year $42,829,928 · end of year $50,540,900

Mission and programs · 2024

Mission

ENDOWMENT VEHICLE TO SUPPORT YAQEEN RESEARCH INSTITUTE.

Activities or mission (Part I)

ENDOWMENT VEHICLE TO SUPPORT YAQEEN RESEARCH INSTITUTE, INC.

  • SUPPORT FOR THE YAQEEN RESEARCH INSTITUTE, INC.

    Expenses $88,606

As filed on the 2024 return.

Listed in Part VII

  • Omar Suleiman

    PRESIDENT, BOARD MEMBER

    Total calculated
    $167,030
    From this org
    $0
    From related orgs
    $135,000
    Other
    $32,030
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $135,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,030 related
    Filer's total
    $0 + $167,030 related

  • Tahan Thraya

    VICE PRESIDENT, BOARD MEMB

    Total calculated
    $0
    Hours/week
    2.5

  • Ashraf Motiwala

    SECRETARY, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Faisal Shaikh

    TREASURER, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ENDOWMENT FOREVER INC

    C · INVESTMENTS · TX · 100% owned · share of income $458,737 · share of assets $4,875,581

    Directly controlled by YAQEEN RESEARCH INSTITUTE INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202611059349300621

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