philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Nasim Foundation FY2022 filing

Tax-deductible

Allen, TX501(c)(3)International EIN 03-0605701Revenue $372K in FY2022

On file with the IRSnasimfoundation.org507 Lakeway Dr, 75013-3414 · Allen, TXTax-exempt since Jan 2007Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Working to foster inclusiveness, increase education, stregthen community and help generations of underpriviledged minorities

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $227K a year · 45% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $140K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$372K
-5% vs prior year
Spent
$322K
To programs
98%
Net assets
$254K
By yearFY2020–FY2024
Revenue
$372K
FY2022▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$167K
FY2021$393K
FY2022$372K
FY2023$406K
FY2024$1.2M
Expenses
$322K
FY2022▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$393K
FY2022$322K
FY2023$0
FY2024$524K
Net assets
$254K
FY2022▲ ×11
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$24K
FY2022$254K
FY2023$209K
FY2024$814K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $317K Management & general 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ruman Khan
Treasurer
$0Pt VII · Sec A
Anjum Rahiman
Vice President
$0Pt VII · Sec A
Syed Ansari
Secretary
$0Pt VII · Sec A
Akram Syed
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nasim Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering underprivileged minorities through education, community building, and fostering inclusiveness.

Questions for Nasim Foundation

Tap to ask. Nasim Foundation sees how many people are interested.

Your first name shows with your question. Nasim Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $317K · in their own filed words · FY2022
01

Working to foster inclusiveness, increase education, strengthen community and help generations of underprivileged minorities

$317Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Daffy Charitable FundFY2024$40K
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$25K
Tabani Family FoundationFY2024$25K
American Online Giving Foundation INCFY2024$19K
Jetpuri FoundationFY2024$10K
Howard Gilman Foundation INCFY2024$10K
Ideas for Development and Educational ActivitiesFY2024$8K
Texas Instruments FoundationFY2024$2K
Total grants receivedfrom 10 funders$140K
See all 10 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$372K
Ln 12
Gifts and grantsLn 1h$372K
Money outPt IX
$322K
Ln 25
Programscol B$317K
Managementcol C$5K
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$253K
Total assetsLn 16$254K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$372K
Total revenueLn 12$372K
Assets in detailPt X, end of year
CashLn 1$246K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$253K
Other assetsLn 15$1K
Total assetsLn 16$254K
LiabilitiesLn 26$0
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$237K$253K
Total assetsLn 16$243K$254K
LiabilitiesLn 26$218K$0
Net assetsLn 32$25K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$317K$317K
Management feesLn 11a$1K$1K
Advertising and promotionLn 12$244$244
InsuranceLn 23$675$675
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$322K$317K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$524K$669K$814K 990 PDF
FY2023 $406K$0$406K$209K 990 PDF
FY2022 Viewing $372K$322K$50K$254K 990 PDF
FY2021 $393K$393K−$393$24K 990 PDF
FY2020 $167K$156K$11K$31K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $372,398 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $393,071$372,398
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $393,071$372,398
I-13 Grants and similar amounts paidPrior year $388,534$317,573
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$4,741
I-18 Total expensesPrior year $388,534$322,314
I-19 Revenue less expensesPrior year $4,537$50,084
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $372,398 across 2 lines filed
VIII-1h Total contributions, gifts and grants$372,398
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$372,398
Part IX · Statement of functional expenses $321,564 across 5 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $316,823$316,823
IX-11a Management feesManagement $1,156$1,156
IX-12 Advertising and promotionManagement $244$244
IX-23 InsuranceManagement $675$675
IX-24 Other expenses (24a–d)Management $2,666$2,666
IX-25 Total functional expensesPrograms $316,823 · Management $4,741 · Fundraising $0$321,564
Part X · Balance sheet $254,218 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $230,334$246,149
X-2 Savings and temporary cash investmentsStart of year $7,067$7,069
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $243,125$254,218
X-26 Total liabilitiesStart of year $218,303$0
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $24,822$254,218
X-33 Total liabilities and net assetsStart of year $243,125$254,218
Part XI · Reconciliation of net assets $254,219 net assets at year end
XI-1 Total revenue$372,398
XI-2 Total expenses$322,314
XI-3 Revenue less expenses$50,084
XI-4 Net assets at start of year$23,822
XI-10 Net assets at end of year$254,219

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.