Totals
- Total revenue
- $64,939,182
- Total expenses
- $64,829,903
- Contributions and grants received
- $54,064,287
- Grants paid
- $48,837,596
- Program service revenue
- $0
- Investment income
- $8,035,073
- Other revenue
- $2,839,822
- Total assets, end of year
- $580,023,357
- Total liabilities, end of year
- $40,799,357
- Net assets or fund balances, end of year
- $539,224,000
- Program services expenses (Part IX)
- $61,699,007
- Management and general expenses
- $1,253,265
- Fundraising expenses
- $1,877,631
- Program service expenses (Part III)
- $61,699,007
Program services were 95.2% 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.
-
1c · Fundraising events
$15,994,464
-
1d · Related organizations
$5,090,139
-
1e · Government grants (contributions)
$9,357,406
-
1f · All other contributions, gifts and grants
$23,622,278
-
1g · Noncash contributions included above
$2,084,530
-
3 · Investment income
total $8,057,516 · related or exempt $140,883 · excluded $7,916,633
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $335,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $335,000 · personal property $0
-
6d · Net rental income or loss
total $335,000 · excluded $335,000
-
7a · Gross sales of assets other than inventory
securities $180,246,183
-
7b · Less cost or other basis and sales expenses
securities $180,268,626
-
7c · Gain or loss
securities -$22,443
-
7d · Net gain or loss
total -$22,443 · excluded -$22,443
-
8a · Fundraising events: gross income
$2,192,825
-
8a · Fundraising events: contributions included on line 1c
$15,994,464
-
8b · Fundraising events: direct expenses
$949,423
-
8c · Net income from fundraising events
total $1,243,402 · excluded $1,243,402
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: NET CSV LIFE INSURANCE
total $1,085,228 · excluded $1,085,228
-
11b · Other revenue: PRESENT VALUE OF PLEDGE RECEIVABLE
total $176,192 · excluded $176,192
-
11e · Other revenue, total
$1,261,420
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $48,837,596 · program services $48,837,596
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,464,991 · program services $403,079 · management and general $250,409 · fundraising $811,503
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,095,259 · program services $436,704 · management and general $204,129 · fundraising $454,426
-
8 · Pension plan contributions
total $42,348 · program services $12,849 · management and general $17,258 · fundraising $12,241
-
9 · Other employee benefits
total $268,497 · program services $84,845 · management and general $52,625 · fundraising $131,027
-
10 · Payroll taxes
total $80,018 · program services $22,155 · management and general $17,492 · fundraising $40,371
-
11a · Fees: management
total $440,809 · program services $394,811 · management and general $40,538 · fundraising $5,460
-
11b · Fees: legal
total $111,933 · program services $40,826 · management and general $71,107
-
11c · Fees: accounting
total $155,475 · program services $70,040 · management and general $85,435
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $20,233 · management and general $20,233
-
11g · Fees: other
total $23,365 · management and general $23,365
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $206,174 · program services $785 · management and general $145,742 · fundraising $59,647
-
14 · Information technology
total $78,263 · program services $318 · management and general $43,983 · fundraising $33,962
-
15 · Royalties
total $0
-
16 · Occupancy
total $315,136 · program services $99,583 · management and general $61,767 · fundraising $153,786
-
17 · Travel
total $180,336 · program services $39,238 · management and general $94,160 · fundraising $46,938
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $206,654 · fundraising $206,654
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,596,890 · program services $2,588,456 · management and general $8,434
-
23 · Insurance
total $0
-
24a · Other expenses: DOUBTFUL PLEDGES PROVISION
total $8,714,236 · program services $8,286,173 · fundraising $428,063
-
24b · Other expenses: MISC
total $470,965 · program services $146,257 · management and general $90,716 · fundraising $233,992
-
24c · Other expenses: PROPERTY TAXES & LICENSES
total $470,148 · program services $235,292 · management and general $25,872 · fundraising $208,984
-
24d · Other expenses: FUNDRAISING EXPENSE
total -$949,423 · fundraising -$949,423
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $349 · end of year $74
-
2 · Savings and temporary cash investments
beginning of year $214,881,186 · end of year $175,981,325
-
3 · Pledges and grants receivable
beginning of year $76,317,721 · end of year $46,209,481
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$328,900,596
-
10b · Land, buildings and equipment: accumulated depreciation
$32,519,864
-
10c · Land, buildings and equipment, net
beginning of year $222,967,813 · end of year $296,380,732
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $32,542,785 · end of year $34,327,235
-
13 · Investments: program-related
beginning of year $14,189,656 · end of year $13,331,882
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $7,503,449 · end of year $13,792,628
-
17 · Accounts payable and accrued expenses
beginning of year $14,938,390 · end of year $20,877,725
-
18 · Grants payable
beginning of year $11,317,560 · end of year $12,002,038
-
19 · Deferred revenue
beginning of year $697,668 · end of year $5,738,454
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $2,431,228 · end of year $2,181,140
-
27 · Net assets without donor restrictions
beginning of year $335,940,466 · end of year $362,803,276
-
28 · Net assets with donor restrictions
beginning of year $203,077,647 · end of year $176,420,724
Mission and programs · 2023
Mission
THE AGA KHAN FOUNDATION U.S.A. IS A PUBLIC, NON-DENOMINATIONAL, PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN. IT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING PROGRAMS IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING, ECONOMIC DEVELOPMENT AND THE ENVIRONMENT.
Activities or mission (Part I)
SEE SCHEDULE O
-
AKF USA GRANT TO AKF SWITZERLAND, PART OF THE AKF ENDOWMENT THAT WILL SERVE ON A LONG-TERM BASIS TO COVER A PORTION OF VARIOUS EXPENDITURES.
Expenses $9,684,316 · Grants $9,684,316
-
LOCAL IMPACT IS A TRANSFORMATIVE NEW PARTNERSHIP IN ASIA AND AFRICA BETWEEN AKF AND USAID. THE PARTNERSHIP IS WORKING TO PUT COMMUNITIES AT THE CENTER OF DEVELOPMENT BY BUILDING THE CAPACITY OF LOCAL CITIZENS AND INSTITUTIONS TO DEVELOP NEW SOLUTIONS TO THE CHALLENGES THEY IDENTIFY. CURRENTLY, LOCAL IMPACT IS ACTIVE IN AFGHANISTAN, THE KYRGYZ REPUBLIC, AND TAJIKISTAN, AND FOCUSES ON INCREASING ECONOMIC GROWTH, IMPROVING ACCESS TO BASIC SERVICES, STRENGTHENING LOCAL COMMUNITIES AND CIVIC INSTITUTIONS, AND PROMOTING INCLUSION AND SOCIAL COHESION.
Expenses $8,261,853 · Grants $8,261,853
-
FUNDING TO AGA KHAN FOUNDATION UNITED KINGDOM FOR LEVERAGING EXTERNAL DONOR FUNDING TOWARDS IMPLEMENTATION OF THE SOCIAL DEVELOPMENT PROGRAMS IN THE COUNTRIES OF ASIA AND AFRICA.
Expenses $5,830,000 · Grants $5,830,000
-
ALL OTHERS
Expenses $37,922,838 · Grants $25,061,426
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ibrahim InayataliIBRAHIM INAYATALI
REG DIR PLANNED/LEGACY GIVING
- Total calculated
- $269,327
- From this org
- $236,696
- From related orgs
- $0
- Other
- $32,631
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,696
- Bonus
- $0
- Other
- $0
- Deferred
- $18,936
- Nontaxable benefits
- $13,695
- Filer's total
- $269,327
-
Shamsah ViraniSHAMSAH VIRANI
DIR, RESOURCE DEV & COMM
- Total calculated
- $216,226
- From this org
- $188,482
- From related orgs
- $0
- Other
- $27,744
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,482
- Bonus
- $0
- Other
- $0
- Deferred
- $15,079
- Nontaxable benefits
- $12,665
- Filer's total
- $216,226
-
Nazlin PepermintwalaNAZLIN PEPERMINTWALA
ASSOCIATE DIRECTOR OF FINANCE
- Total calculated
- $192,259
- From this org
- $166,584
- From related orgs
- $0
- Other
- $25,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,584
- Bonus
- $0
- Other
- $0
- Deferred
- $13,327
- Nontaxable benefits
- $12,348
- Filer's total
- $192,259
-
Sally L MaierSALLY L MAIER
SENIOR DESIGN STRATEGIST
- Total calculated
- $151,167
- From this org
- $130,711
- From related orgs
- $0
- Other
- $20,456
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,711
- Bonus
- $0
- Other
- $0
- Deferred
- $10,457
- Nontaxable benefits
- $9,999
- Filer's total
- $151,167
-
Leroy FernandesLEROY FERNANDES
DONOR SERVICES MANAGER
- Total calculated
- $139,122
- From this org
- $120,295
- From related orgs
- $0
- Other
- $18,827
- Hours/week
- 40
-
Anisa PremjiANISA PREMJI
PROGRAMS AND PARTNERSHIPS MANA
- Total calculated
- $126,984
- From this org
- $109,800
- From related orgs
- $0
- Other
- $17,184
- Hours/week
- 40
-
His Highness Shah KarimHIS HIGHNESS SHAH KARIM
AL-HUSSEINI AGA KHAN, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Prince Amyn Aga KhanPRINCE AMYN AGA KHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Princess Zahra Aga KhanPRINCESS ZAHRA AGA KHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Prince Rahim Aga KhanPRINCE RAHIM AGA KHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane Piacentini-MooreJANE PIACENTINI-MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan AbelaALAN ABELA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sherina EbrahimSHERINA EBRAHIM
CHAIRMAN NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 5
-
Zahid RahimtoolaZAHID RAHIMTOOLA
VICE-CHAIR,SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Ali AljundiALI ALJUNDI
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Farida KhemaniFARIDA KHEMANI
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mahmood KhimjiMAHMOOD KHIMJI
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shaiza DamjiSHAIZA DAMJI
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Aleem RemtulaALEEM REMTULA
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nageeb SumarNAGEEB SUMAR
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Farrukh Ghulamhaider VallianiFARRUKH GHULAMHAIDER VALLIANI
MEMBER, NATIONAL COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Al-Karim AlidinaAL-KARIM ALIDINA
EX-OFFICIO MEMBER, NAT'L COMM.
- Total calculated
- $0
- Hours/week
- 1
-
Khalil ShariffKHALIL SHARIFF
INTERIM CEO
- Total calculated
- $0
- Hours/week
- 14
-
Salim FerozaliSALIM FEROZALI
REGIONAL, CFO, NORTH AMERICA
- Total calculated
- $0
- Hours/week
- 19
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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.
-
AGA KHAN FOUNDATION Switzerland
SEE VII · see part VII · SZ
Directly controlled by NA
-
AGA KHAN FOUNDATION CANADA
SEE VII · see part VII · CA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421369349313627
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