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Nonprofiteer
← ADAMS ENDOWMENT FUND INC

Form 990 for tax year 2024

Filed by ADAMS ENDOWMENT FUND INC.

Totals

Total revenue
$261,441
Total expenses
$1,881
Contributions and grants received
$73,804
Grants paid
$0
Program service revenue
$0
Investment income
$187,637
Other revenue
$0
Total assets, end of year
$8,825,565
Total liabilities, end of year
$700,000
Net assets or fund balances, end of year
$8,125,565
Program services expenses (Part IX)
$307
Management and general expenses
$0
Fundraising expenses
$1,574
Program service expenses (Part III)
$307

Program services were 16.3% 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

    $73,804

  • 3 · Investment income

    total $9,848 · related or exempt $9,848

  • 7a · Gross sales of assets other than inventory

    securities $177,789

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

    securities $0

  • 7c · Gain or loss

    securities $177,789

  • 7d · Net gain or loss

    total $177,789 · related or exempt $177,789

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $41 · program services $41

  • 24a · Other expenses: FUNDRAISING DINNER

    total $1,574 · fundraising $1,574

  • 24b · Other expenses: ANNUAL CORP. FEE

    total $225 · program services $225

  • 24c · Other expenses: BANK CHARGES

    total $30 · program services $30

  • 24d · Other expenses: FOREIGN TAXES

    total $11 · program services $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $727,173 · end of year $69,418

  • 11 · Investments: publicly traded securities

    beginning of year $3,408,489 · end of year $4,713,108

  • 15 · Other assets

    beginning of year $4,043,038 · end of year $4,043,038

  • 25 · Other liabilities

    beginning of year $700,000 · end of year $700,000

  • 27 · Net assets without donor restrictions

    beginning of year $167,113 · end of year $167,113

  • 28 · Net assets with donor restrictions

    beginning of year $7,311,587 · end of year $7,958,452

Mission and programs · 2024

Mission

SUPPORTING ORGANIZATION OF A RELIGIOUS CHARITY.

  • ACCUMULATION OF FUNDS FOR FUTURE OPERATIONS OF ALL DULLES AREA MUSLIM SOCIETY.

    Expenses $307 · Revenue $261,441

As filed on the 2024 return.

Listed in Part VII

  • M OMAR ASHRAF

    PRESIDENT AND CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • DR IMRAN KHAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • MAHMOOD KHAN

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • IRFAN GALARIA

    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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202533219349312513

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