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Hamd Foundation INC EIN 47-0992587

Hamd Foundation INC

EIN  47-0992587 Private foundation / grantmaker Prt Jefferson, NY
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Size
$1–10M
What they do
A private foundation based in Prt Jefferson, NY. It reported about $4.2M in revenue for 2024.
Leadership
Dr Arif Ahmad · Director
Money in and out
$4.2M revenue, $824K expenses
Bottom line
—

A private foundation based in Prt Jefferson, NY. It reported about $4.2M in revenue for 2024. For fiscal year 2024 it reported $4.2M in revenue, $824K in expenses, and $28.5M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$4.2M
Pt VIII · Ln 12
Total expenses
$824K
Pt IX · Ln 25
Net assets
$28.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.4M
Total assets
28.5M
deployed as grants and operations
Grants paid
775K
in FY2024
Grants made
23grants
total in period
Payout rate
3%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 23 grants · $775K · 2024–2024
Islam Relief USAFY2024$87,223
Imana Islamic MedicalFY2024$85,000
Islamic CenterFY2024$80,000
Mt Sinai Muslim CenterFY2024$77,000
Indian Muslim Relief & Charities (imrc)FY2024$75,000
Zakat FoundationFY2024$60,385
Helping Hand for Relief & Development INCMI · FY2024$35,000
Launchgood INCFY2024$35,000
Islamic Center of Long IslandNY · FY2024$35,000
Islamic Society of North America (isna)FY2024$26,015
Al Falah CenterFY2024$25,750
Icna Relief USAFY2024$25,641
IcnaorgFY2024$25,000
Islamic Center of MedfordFY2024$25,000
Icna New JerseyFY2024$25,000
Sams FoundationFY2024$15,420
Baitulmaal INCTX · FY2024$10,325
Darul Uloom New YorkFY2024$10,000
See all 23 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$34K
Median grantPart XV$26K
Largest grantPart XV$87K
Top cause focusNTEEHuman Services (9%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$4.2M
FY2024▲ +270%
Expenses
$824K
FY2024▼ -13%
Total assets
$28.5M
FY2024▲ +39%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$4.2M
Pt VIII · Ln 12
Total expenses
$824K
Pt IX · Ln 25
Net assets
$28.5M
Pt X · Ln 32
Total assetsPt II$28.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHamd Foundation INC
EINHdr · item D47-0992587
Principal addressHdr · item CPrt Jefferson, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFAug 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Seema Ahmad
Director
$0Pt VII · Sec A
Zeba Ahmad
Director
$0Pt VII · Sec A
Zoha Ahmad
Director
$0Pt VII · Sec A
See Hamd Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$2.5M · 60%
Investment income$1.7M · 40%
Contributions & grants60%$2.5M
Investment income40%$1.7M
Total revenueLn 12$4.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.94 Operating & administrative $0.06
Grants & contributions paid94%$775K
Operating & administrative6%$49K
Total functional expensesLn 25$824K

Balance Sheet

Part X · end of year
CashLn 1$2.3M
Total assetsLn 16$28.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$28.5M
Months of cash on handcomputed34.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $28.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $4.2M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $4.2M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $4.2M · Prior year $1.1M
+270%
Revenue CAGR
FY2020 $11.4M · FY2024 $4.2M
-22%
Net-asset trend (YoY)
End of year $28.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.2M · Expenses $824K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $28.5M
—
Net-asset ratio
Net assets $28.5M · Total assets $28.5M
100%
People & payroll
Highest Reported Total Compensation
Individual Dr Arif Ahmad · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $824K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 270%——

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.2M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$862K revenue · ⤓ 990 PDF
FY2021$272K revenue · ⤓ 990 PDF
FY2020$11.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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