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Nonprofiteer
← I-CARE FUND AMERICA INC

Form 990 for tax year 2022

Filed by I-CARE FUND AMERICA INC.

Totals

Total revenue
$4,565,493
Total expenses
$4,827,316
Contributions and grants received
$4,543,987
Grants paid
$4,757,169
Program service revenue
$0
Investment income
$21,506
Other revenue
$0
Total assets, end of year
$450,590
Total liabilities, end of year
$353,864
Net assets or fund balances, end of year
$96,726
Program services expenses (Part IX)
$4,757,169
Management and general expenses
$70,147
Fundraising expenses
$0
Program service expenses (Part III)
$4,757,169

Program services were 98.5% 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

    $4,543,987

  • 3 · Investment income

    total $21,506 · unrelated business $21,506

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $4,757,169 · program services $4,757,169

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 24a · Other expenses: CONSULTING FEES

    total $42,800 · management and general $42,800

  • 24b · Other expenses: STATE TAX PREPARER

    total $5,400 · management and general $5,400

  • 24c · Other expenses: CUSTODIAL FEES

    total $4,173 · management and general $4,173

  • 24d · Other expenses: ADMINISTRATIVE EXPENSE

    total $4,024 · management and general $4,024

  • 24e · All other expenses

    total $3,750 · management and general $3,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $902,855 · end of year $173,347

  • 2 · Savings and temporary cash investments

    beginning of year $260,964 · end of year $108,035

  • 12 · Investments: other securities

    beginning of year $0 · end of year $169,086

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $122

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,351 · end of year $21,924

  • 18 · Grants payable

    beginning of year $729,319 · end of year $331,940

  • 27 · Net assets without donor restrictions

    beginning of year $409,149 · end of year $96,726

Mission and programs · 2022

Mission

I-CARE FUND OF AMERICA, INC'S. MISSION IS TO SUBSTANTIALLY IMPROVE THE QUALITY OF LIFE OF UNDERPRIVILEGED PAKISTANIS, BY WORKING TO INCREASE THE VOLUME OF DONATIONS AND BY BUILDING CAPACITY AND BY HELPING TO SCALE UP GOOD CHARITABLE ORGANIZATIONS.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE OF UNDERPRIVILEGED PAKISTANIS.

  • FOR PURPOSES OF PROVIDING HEALTHCARE, EDUCATION AND SOCIAL ENTERPRISE THROUGH THE DEVELOPMENT OF UNDERPRIVILEGED MEMBERS OF THE SOCIETY IN PAKISTAN.

    Expenses $4,757,169 · Grants $4,757,169

As filed on the 2022 return.

Listed in Part VII

  • Spenta Kandawalla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Tushna Kandawalla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Shazia Khawaja

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Nigar Hussain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Shahzad Qasim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Dr Zebulon Taintor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Aziza Fatima Kidwai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Shezad Habib

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Usman Ismail

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Kashif Riaz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Pamela Anderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Wasiq Ismail

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    10

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
2022
Filed
7 February 2024
IRS schema version
2022v5.0
Source object
202440389349300119

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