Kareem Holding: FY2020 Nonprofit Profile & Form 990 (EIN 32-0283843)

Revenue by fiscal year
FY2020	−$3K
FY2021	$1K
FY2022	−$552
FY2023	−$11K
FY2024	$17K
FY2025	$74K

Expenses by fiscal year
FY2020	$0
FY2021	$0
FY2022	$8K
FY2023	$6K
FY2024	$4K
FY2025	$0

Net assets by fiscal year
FY2020	$112K
FY2021	$113K
FY2022	$105K
FY2023	$93K
FY2024	$106K
FY2025	$180K

Is it real?

Yes. Revoked May 2012, reinstated. IRS ruling Jun 2014, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Riad Nachef

Officer

$0Pt VII · Sec A

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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

Manages rental property, transferring profits to support other non-profits.

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Provided by the organization

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1 program · in their own filed words · FY2020

01

To manage rental property and to transfer profit to non-profit organization

Pt IX · col B

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 · FY2025

Omni Holdings LLCFY2025$27K

Total grants receivedfrom 1 funder$27K

Grants paid · 1 grant · $6K · 2023–2023

AicpPA · FY2023$5,632

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$3K

Ln 12

Money outPt IX

$0

Ln 25

Owns and owesPt X

$112K

net assets · Ln 32

Cash and savingsLn 1–2$4K

Total assetsLn 16$4K

LiabilitiesLn 26−$108K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Total revenueLn 12−$3K

Assets in detailPt X, end of year

CashLn 1$4K

Cash and savings togetherLn 1–2$4K

Total assetsLn 16$4K

LiabilitiesLn 26−$108K

Net assetsLn 32$112K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$5K	$4K
Total assetsLn 16	$5K	$4K
LiabilitiesLn 26	$26K	−$108K
Net assetsLn 32	−$20K	$112K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$74K	$0	$74K	$180K	990 PDF
FY2024	$17K	$4K	$13K	$106K	990 PDF
FY2023	−$11K	$6K	−$17K	$93K	990 PDF
FY2022	−$552	$8K	−$8K	$105K	990 PDF
FY2021	$1K	$0	$1K	$113K	990 PDF
FY2020 Viewing	−$3K	$0	−$3K	$112K	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

See the full FY2020 990 (6 parts)

Part I · Summary −$2,900 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year −$13,256−$2,900

I-12 Total revenuePrior year −$13,256−$2,900

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$0

I-18 Total expensesPrior year $0$0

I-19 Revenue less expensesPrior year −$13,256−$2,900

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue −$2,900 across 3 lines filed

VIII-1h Total contributions, gifts and grants$0

VIII-6 Net rental income or lossRelated to mission −$2,900 · Unrelated business $0 · Excluded from tax $0−$2,900

VIII-12 Total revenueRelated to mission −$2,900 · Unrelated business $0 · Excluded from tax $0−$2,900

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $4,120 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $5,402$4,120

X-16 Total assetsStart of year $5,402$4,120

X-17 Accounts payable and accrued expensesStart of year $0$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $25,732−$107,650

X-26 Total liabilitiesStart of year $25,732−$107,650

X-27 Net assets without donor restrictionsStart of year −$20,330$111,770

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year −$20,330$111,770

X-33 Total liabilities and net assetsStart of year $5,402$4,120

Part XI · Reconciliation of net assets $111,770 net assets at year end

XI-1 Total revenue−$2,900

XI-2 Total expenses$0

XI-3 Revenue less expenses−$2,900

XI-4 Net assets at start of year−$20,330

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$135,000

XI-10 Net assets at end of year$111,770

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Kareem Holding FY2020 filing

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