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Nonprofiteer
← SAFA TRUST INC

Form 990 for tax year 2022

Filed by SAFA TRUST INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 19 December 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$10,459,806 changed to $9,683,580
Total expenses
$17,126,896 changed to $16,923,900
Investment income
$9,646,129 changed to $9,191,309
Other revenue
$813,677 changed to $492,271
Total assets, end of year
$347,017,869 changed to $334,267,116
Total liabilities, end of year
$11,223,572 changed to $29,487
Net assets or fund balances, end of year
$335,794,297 changed to $334,237,629
Management and general expenses
$552,151 changed to $349,155

Totals

Total revenue
$10,459,806
Total expenses
$17,126,896
Contributions and grants received
$0
Grants paid
$16,574,745
Program service revenue
$0
Investment income
$9,646,129
Other revenue
$813,677
Total assets, end of year
$347,017,869
Total liabilities, end of year
$11,223,572
Net assets or fund balances, end of year
$335,794,297
Program services expenses (Part IX)
$16,574,745
Management and general expenses
$552,151
Fundraising expenses
$0
Program service expenses (Part III)
$16,574,745

Program services were 96.8% 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.

  • 3 · Investment income

    total $9,131,343 · excluded $9,131,343

  • 6a · Gross rents

    real property $1,281,034

  • 6b · Less rental expenses

    real property $467,357

  • 6c · Rental income or loss

    real property $813,677

  • 6d · Net rental income or loss

    total $813,677 · excluded $813,677

  • 7a · Gross sales of assets other than inventory

    other assets $514,786

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

    other assets $0

  • 7c · Gain or loss

    other assets $514,786

  • 7d · Net gain or loss

    total $514,786 · related or exempt $514,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,574,745 · program services $16,574,745

  • 9 · Other employee benefits

    total $67,863 · management and general $67,863

  • 11a · Fees: management

    total $3,344 · management and general $3,344

  • 11b · Fees: legal

    total $69,814 · management and general $69,814

  • 11c · Fees: accounting

    total $39,033 · management and general $39,033

  • 11g · Fees: other

    total $13,500 · management and general $13,500

  • 13 · Office expenses

    total $6,827 · management and general $6,827

  • 20 · Interest

    total $1,070 · management and general $1,070

  • 22 · Depreciation, depletion and amortization

    total $294,198 · management and general $294,198

  • 23 · Insurance

    total $51,806 · management and general $51,806

  • 24a · Other expenses: BUSINESS LICENSES

    total $4,661 · management and general $4,661

  • 24b · Other expenses: FOREIGN TAXES

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,729,878 · end of year $8,605,358

  • 4 · Accounts receivable

    beginning of year $12,206,570 · end of year $503,068

  • 7 · Other notes and loans receivable

    end of year $11,042,079

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,245 · end of year $129,032

  • 10a · Land, buildings and equipment: cost or other basis

    $16,140,536

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,814,046

  • 10c · Land, buildings and equipment, net

    beginning of year $2,082,701 · end of year $12,326,490

  • 11 · Investments: publicly traded securities

    beginning of year $4,600,566 · end of year $3,192,003

  • 12 · Investments: other securities

    beginning of year $311,618,780 · end of year $311,219,281

  • 15 · Other assets

    beginning of year $0 · end of year $558

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,143 · end of year $20,865

  • 19 · Deferred revenue

    beginning of year $3,878 · end of year $92,323

  • 24 · Unsecured notes and loans payable

    beginning of year $3,336,756 · end of year $0

  • 25 · Other liabilities

    beginning of year $214,703 · end of year $11,110,384

  • 27 · Net assets without donor restrictions

    beginning of year $339,667,260 · end of year $335,794,297

Mission and programs · 2022

Mission

TO PROMOTE RELIGIOUS, EDUCATIONAL, CULTURAL AND CHARITABLE PROJECTS.

  • ASSIST THE INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT (IIIT) IN ITS EFFORTS TO PROVIDE RELIGIOUS, EDUCATIONAL, CULTURAL, CHARITABLE, AND HUMANITARIAN PROGRAMS AND SERVICES. THIS ASSISTANCE INCLUDES DONATED USE OF FACILITIES AT 500 GROVE STREET, 2ND FLOOR, ROOM 200 IN HERNDON, VIRGINIA. IIIT USES MOST OF SPACE FOR ITS OFFICES. ESTIMATED COST OF THE DONATED USE OF FACILITIES IS $569,745.

    Expenses $16,574,745 · Grants $16,574,745

As filed on the 2022 return.

Listed in Part VII

  • Dr Hisham Altalib

    BOARD TRUSTEE & PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dr Ahmad Totonji

    BOARD TRUSTEE & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Omar Hasan Kasule

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Ahmed Alwani

    BOARD TRUSTEE & VICE PRESI

    Total calculated
    $0
    Hours/week
    8

  • Hasan Altalib

    BOARD TRUSTEE & SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Muna Abusulayman

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tevfik Avci

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Omer Totonji

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Firas Barzinji

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NILE LLC

    CONSTRUCTION OF CONDOMINIUM BUILDING IN CAIRO · DC · income $0 · assets $0

    Directly controlled by SAFA TRUST INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MESA HOLDING LLC

    INVESTMENT,UNRELATED · INVESTMENTS · VA · 65% owned · share of income -$1,658 · share of assets $1,187,672

    Directly controlled by SAFA TRUST INC

  • STERLING ALPOS LLC

    INVESTMENT,UNRELATED · INVESTMENTS · VA · 55.84% owned · share of assets $2,563,678

    Directly controlled by SAFA TRUST INC

Related corporations and trusts

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

  • RESTON INVESTMENTS INC

    C · INVESTMENTS · VA · 100% owned · share of assets $2,316,030

    Directly controlled by SAFA TRUST INC

  • MAR-JAC HOLDINGS INC

    C · INVESTMENTS · DE · 75% owned · share of assets $235,641,739

    Directly controlled by SAFA TRUST INC

  • UNIVERSITY BANCORP INC

    C · INVESTMENTS · DE · 85% owned · share of assets $531,582

    Directly controlled by SAFA TRUST INC

  • MAR-JAC AL MS INC

    C · INVESTMENTS · DE · 75.38% owned · share of assets $36,129,502

    Directly controlled by SAFA TRUST INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349318404

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