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Nonprofiteer
← THE MAINSTAY FOUNDATION

Form 990 for tax year 2023

Filed by THE MAINSTAY FOUNDATION.

Totals

Total revenue
$1,031,941
Total expenses
$1,095,651
Contributions and grants received
$785,734
Grants paid
$228,481
Program service revenue
$246,168
Investment income
$39
Other revenue
$0
Total assets, end of year
$329,940
Total liabilities, end of year
$24,455
Net assets or fund balances, end of year
$305,485
Program services expenses (Part IX)
$833,665
Management and general expenses
$255,359
Fundraising expenses
$6,627
Program service expenses (Part III)
$833,665

Program services were 76.1% 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

    $785,734

  • 1g · Noncash contributions included above

    $232,835

  • 2a · Program service revenue: PROGRAMS AND CLASSES

    total $208,925 · related or exempt $208,925

  • 2b · Program service revenue: BOOK SALES AND MERCHANDISE

    total $37,243 · related or exempt $37,243

  • 3 · Investment income

    total $39 · related or exempt $39

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,000 · program services $54,000

  • 3 · Grants to foreign organizations and individuals

    total $174,481 · program services $174,481

  • 7 · Other salaries and wages

    total $105,911 · management and general $105,911

  • 10 · Payroll taxes

    total $9,210 · management and general $9,210

  • 11c · Fees: accounting

    total $5,077 · management and general $5,077

  • 11g · Fees: other

    total $20,123 · program services $18,678 · management and general $1,445

  • 12 · Advertising and promotion

    total $20,886 · program services $15,432 · management and general $2,727 · fundraising $2,727

  • 13 · Office expenses

    total $27,588 · program services $19,788 · management and general $3,900 · fundraising $3,900

  • 16 · Occupancy

    total $315,558 · program services $264,014 · management and general $51,544

  • 17 · Travel

    total $179,264 · program services $172,895 · management and general $6,369

  • 19 · Conferences, conventions and meetings

    total $65,050 · program services $38,019 · management and general $27,031

  • 22 · Depreciation, depletion and amortization

    total $2,566 · management and general $2,566

  • 23 · Insurance

    total $9,545 · management and general $9,545

  • 24a · Other expenses: MEDIA & EQUIPMENT RENTAL

    total $46,932 · program services $40,646 · management and general $6,286

  • 24b · Other expenses: HONORARIUM EXPENSE

    total $22,150 · program services $21,650 · management and general $500

  • 24c · Other expenses: CREDIT CARD FEES

    total $12,673 · program services $3,813 · management and general $8,860

  • 24d · Other expenses: MERCHANDISE

    total $8,790 · program services $8,779 · management and general $11

  • 24e · All other expenses

    total $15,847 · program services $1,470 · management and general $14,377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $436,159 · end of year $299,640

  • 4 · Accounts receivable

    beginning of year $26,935 · end of year $25,550

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

    $5,547

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

    $797

  • 10c · Land, buildings and equipment, net

    beginning of year $2,327 · end of year $4,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $141 · end of year $3,993

  • 19 · Deferred revenue

    beginning of year $94,000

  • 25 · Other liabilities

    beginning of year $3,977 · end of year $20,462

  • 27 · Net assets without donor restrictions

    beginning of year $367,303 · end of year $305,485

Mission and programs · 2023

Mission

TO ADVANCE THE MUSLIM COMMUNITIES, ORGANIZATIONS, AND INDIVIDUALS IN THE UNITED STATES OF AMERICA BY DEVELOPING THEIR INTELLECTUAL, SPIRITUAL, SOCIAL, AND FINANCIAL ASPECTS, UTILIZING THE MOST ADVANCED METHODOLOGIES AND TECHNOLOGIES.

  • THE FOCUS OF THE ORGANIZATIONAL DEVELOPMENT INITIATIVE WAS TWOFOLD: CREATE A PLATFORM FOR CENTERS AND ORGANIZATIONS TO CONNECT, COMMUNICATE, AND COLLABORATE; AND PROVIDE TANGIBLE SERVICES AND RESOURCES TO ORGANIZATIONS AND CENTERS. THE MAJOR PLATFORM WAS THE ENGAGE CONFERENCE HELD IN DEARBORN, MI. A WEB PLATFORM CALLED THE HUB WAS DEVELOPED TO PROVIDE ESSENTIAL SERVICES TO SERVED ORGANIZATION, INCLUDING A SPEAKER'S BUREAU, CONSULTANTS AND DIGITAL CONTENT.

    Expenses $80,790 · Grants $54,000

  • THE FOCUS OF THE HUMAN DEVELOPMENT INITIATIVE WAS THREEFOLD: PROVIDING EDUCATIONAL CONTENT TO OUR COMMUNITY THROUGH CLASSES AND RELIGIOUS PROGRAMMING, CAPACITY BUILDING THROUGH WORKSHOPS AND RETREATS, AND PUBLICATIONS. WITH CLASSES AND RELIGIOUS PROGRAMMING PRESENTERS FROM THE FOUNDATION'S SPEAKER'S BUREAU DELIVERED EDUCATIONAL CONTENT THROUGH PROGRAMS CONDUCTED IN PARTNERSHIP WITH OTHER RELIGIOUS ORGANIZATIONS AND CENTERS. IN TERMS OF CAPACITY BUILDING, THE FOUNDATION'S FOCUS WAS ON THE RELIGIOUS, PERSONAL, AND PROFESSIONAL DEVELOPMENT OF ITS SERVED COMMUNITY, WITH A SPECIAL FOCUS ON UNIVERSITY STUDENTS. THE FOUNDATION ALSO PUBLISHED TRANSLATED AND ORIGINAL WORKS FOR A WIDE AUDIENCE.

    Expenses $203,920

  • OUR ECONOMIC DEVELOPMENT AND HUMANITARIAN AID PROGRAMS HELP PROVIDE CLEAN WATER, FOOD, MEDICAL AID, CLOTHING, HOUSING, EDUCATIONAL SUPPORT, AND MORE. WHETHER IT IS DIGGING WELLS IN AFRICA OR PROVIDING UNIFORMS AND BOOKS IN INDIA, WE HAVE PARTNERED WITH LOCAL AND INTERNATIONAL ORGANIZATIONS AROUND THE WORLD TO UPLIFT AS MANY COMMUNITIES AS WE CAN AND HELP ALLEVIATE THE SUFFERING FROM THE IMPOVERISHED AND WORLDWIDE.

    Expenses $548,955 · Grants $174,481

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MOHAMED ALI BANOON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KHODR HAMKA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JALAL MOUGHANIA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ABATHAR TAJALDEEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202431389349300043

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