Averroes Project EIN 85-4283602

Averroes Project FY2022 filing

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Promotes diversity and student exchange programs with European NGOs. For fiscal year 2022 it reported $100K in revenue, $183K in expenses, and $982K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
San Jose, CA
Website
www.averroesfoundation.org
Filings
5 on file (2020–2022)
Revenue
$100KFY2022
Expenses
$183K
Net assets
$982K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-4283602 Public charity (501(c)(3)) San Jose, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes diversity and student exchange programs with European NGOs.
Leadership
Tamer Mohammed Ali · Vice President
Money in and out
$100K revenue, $183K expenses
Bottom line
52% program efficiency
Where the money goes · FY2022
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$183K
Pt IX · Ln 25
Net assets
$982K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$83K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.26 Fundraising $0.22
Program efficiency
52%
of spending reaches programs
Operating runway
64.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-83%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$100K
FY2022▼ -73%
Expenses
$183K
FY2022▲ +168%
Total assets
$982K
FY2022▼ -8%
Total liabilities
$0
FY2022
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$183K
Pt IX · Ln 25
Net assets
$982K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$83K
Total assetsPt X · Ln 16$982K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $94K of program spending, described in the organization's own filed words · FY2022.
01

The organization contracted third parties for consulting services in order to create youth education programs and establish fund raising programs.

$94Kprogram expense
02

The organization held two fund raising events and started developing its own website.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAverroes Project
EINHdr · item D85-4283602
Principal addressHdr · item CSan Jose, CA
WebsiteHdr · item Jwww.averroesfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$100K
Total revenueLn 12$100K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.26 Fundraising $0.22
Program services52%$94K
Management & general26%$47K
Fundraising22%$41K
Total functional expensesLn 25$183K

Balance Sheet

Part X · end of year
CashLn 1$982K
Total assetsLn 16$982K
Total liabilitiesLn 26$0
Total net assetsLn 32$982K
Months of cash on handcomputed64.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $982K · Operating expenses/yr $183K
64.4 months
Where the money goes
Program services
Program services $94K · Total expenses $183K
52%
Management & General
Management & general $47K · Total expenses $183K
26%
Fundraising
Fundraising $41K · Total expenses $183K
22%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $414K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $100K
100%
Government reliance
Government grants — · Total revenue $100K
Earned-income share
Program service revenue $0 · Total revenue $100K
0%
Investment reliance
Investment income $0 · Total revenue $100K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $183K
0%
Growth & trend
Revenue growth (YoY)
This year $100K · Prior year $373K
-73%
Net-asset trend (YoY)
End of year $982K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $100K · Expenses $183K
-83%
Liabilities-to-Assets
Total liabilities — · Total assets $982K
Net-asset ratio
Net assets $982K · Total assets $982K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $982K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tamer Mohammed Ali · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $183K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $183K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 26%
Fundraising cost ratio 41%
Revenue growth -73%
Accounting fee ratio 0.8%

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)$280K revenue · ⤓ 990 PDF
FY2023$182K revenue · ⤓ 990 PDF
FY2022$100K revenue · viewing · ⤓ 990 PDF
FY2021$373K revenue · ⤓ 990 PDF
FY2020$768K revenue · ⤓ 990 PDF

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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
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