Slam Educational Fund FY2022 filing

Tax-deductible

Del Mar, CA501(c)(3)EducationEIN 27-4899218

offer educational, cultural, religious, personal development activities for children, youth, adults to help improve the quality of their lives provide workshops and classes develop collaborate with local community orga

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $25K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$300K
+41% vs prior year
Spent
$234K
To programs
100%
Net assets
$173K
By yearFY2020–FY2025
Revenue
$300K
FY2022▲ +41%
Revenue by fiscal year
FY2020$264K
FY2021$213K
FY2022$300K
FY2023$148K
FY2024$321K
FY2025$197K
Expenses
$234K
FY2022▲ +6%
Expenses by fiscal year
FY2020$214K
FY2021$222K
FY2022$234K
FY2023Not on file
FY2024$336K
FY2025$161K
Net assets
$173K
FY2022▲ +62%
Net assets by fiscal year
FY2020$116K
FY2021$107K
FY2022$173K
FY2023$32K
FY2024$55K
FY2025$91K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2018-05-15)
Per the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CSlam Educational Fund
EINHdr · item D27-4899218
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CDel Mar, CA
NTEE classificationIRS BMFEducation (B11)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$233K
Management & general$995
Total functional expensesLn 25$234K

Finances

Money in and out, what it owns and owes

Program efficiency
100%
of spending reaches programs
Months of spending covered by cash
8.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$173K
FY2022▲ +62%
Total assets by fiscal year
FY2020$116K
FY2021$107K
FY2022$173K
FY2023Not on file
FY2024$55K
FY2025$91K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023Not on file
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$173K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$173K
Total assetsLn 16$173K
Total liabilitiesLn 26$0
Total net assetsLn 32$173K
Months of cash on handcomputed8.8

Statement of Revenue

Part VIII
Contributions & grants100%$300K
Total revenueLn 12$300K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $173K · Operating expenses/yr $234K
8.8 months
Where the money goes
Program services
Program services $233K · Total expenses $234K
100%
Management & General
Management & general $995 · Total expenses $234K
0.4%
Fundraising
Fundraising $0 · Total expenses $234K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $259K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $300K · Total revenue $300K
100%
Government reliance
Government grants — · Total revenue $300K
—
Earned-income share
Program service revenue $0 · Total revenue $300K
0%
Investment reliance
Investment income $0 · Total revenue $300K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $234K
0%
Growth & trend
Revenue growth (YoY)
This year $300K · Prior year $213K
+41%
Net-asset trend (YoY)
End of year $173K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $300K · Expenses $234K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $173K
—
Net-asset ratio
Net assets $173K · Total assets $173K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $173K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tarek Hussanein · Reported title President · Highest reported compensation $0 · Total expenses $234K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $234K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0.4%——
Fundraising cost ratio 0%——
Revenue growth 41%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Slam Educational Fund executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides workshops and classes for personal growth and community development.

Provided by the organization

This section is blank until Slam Educational Fund claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $233K of program spending, described in the organization's own filed words · FY2022.
01

offer educational, cultural, religious, personal development activities for children, youth, adults to help improve the quality of their lives provide workshops and classes develop collaborate with local community organizations

$233Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$24K
Grants paid · 24 grants · $903K · 2020–2025
Islamic Center of San DiegoCA · FY2025$55,000
Islamic Center of San DiegoCA · FY2025$21,600
Bright Horizon AcademyCA · FY2025$10,000
Islamic Center of BajaCA · FY2025$7,000
California Northstate UniversityFY2024$91,205
Islamic Center of San DiegoCA · FY2024$60,000
Bright Horizon AcademyCA · FY2024$23,648
California North UniversityFY2022$106,661
Islamic Center of San DiegoCA · FY2022$26,250
Islamic Center of San DiegoCA · FY2022$7,300
Islamic Relief USAVA · FY2022$6,000
California North UniversityFY2021$90,668
See all 24 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $197K$161K-39% 990 PDF
FY2024 $321K$336K+117% 990 PDF
FY2023 $148K—-51% 990 PDF
FY2022 Viewing $300K$234K+41% 990 PDF
FY2021 $213K$222K-19% 990 PDF
FY2020 $264K$214K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $300,174 across 3 lines filed
VIII-1f All other contributions, gifts and grants$300,174
VIII-1h Total contributions, gifts and grants$300,174
VIII-12 Total revenue$300,174
Part IX · Statement of functional expenses $234,353 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $194,308$194,308
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $900$900
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $95$95
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $39,050$39,050
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $233,358 · Management $995 · Fundraising $0$234,353
Part X · Balance sheet $172,581 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $106,760$172,581
X-16 Total assetsStart of year $106,760$172,581
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $106,760$172,581
X-32 Total net assets or fund balancesStart of year $106,760$172,581
X-33 Total liabilities and net assetsStart of year $106,760$172,581
Part XI · Reconciliation of net assets $172,581 net assets at year end
XI-1 Total revenue$300,174
XI-2 Total expenses$234,353
XI-3 Revenue less expenses$65,821
XI-4 Net assets at start of year$106,760
XI-10 Net assets at end of year$172,581

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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