Nonprofit · EIN 04-3126404
FRIENDS OF THE KHALIDI LIBRARY INC
Tax-exempt · CAMBRIDGE, MA 02138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $282,979 | $235,903 | $47,076 | $4,512,131 | $0 | $4,512,131 |
| December 31, 2023 | 990-PF (amended) | $1,195,033 | $214,715 | $980,318 | $4,465,055 | $16,944 | $4,448,111 |
| December 31, 2022 | 990-PF (amended) | $3,104,973 | $73,422 | $3,031,551 | $3,336,163 | $9,763 | $3,326,400 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $77,747
- Dividends
- $153,834
- Interest
- $1
- Net gain from sales of assets
- $51,397
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $228,701
- Excise tax on investment income
- $2,745
Balance sheet and other
- Total assets, start of year
- $4,465,055
- Total assets, end of year
- $4,512,131
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,512,131
- Fair market value of assets
- $4,512,131
- Qualifying distributions
- $228,701
- Net investment income
- $197,505
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALID KHALIDI 225 GROVE STREET, Cambridge, MA 02138 | PRESIDENT | 20 | $0 |
| IMAD KHALIDI 505 SPURWINK AVENUE, Cape Elizabeth, ME 04107 | TREASURER | 2 | $0 |
| HANI HABBAS 285 3RD STREET UNIT 328, Cambridge, MA 02142 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALID KHALIDI 225 GROVE STREET, Cambridge, MA 02138 | PRESIDENT | 10 | $0 |
| IMAD KHALIDI 505 SPURWINK AVENUE, Cape Elizabeth, ME 04107 | TREASURER | 2 | $0 |
| HANI HABBAS 285 3RD STREET UNIT 328, Cambridge, MA 02142 | SECRETARY | 2 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALID KHALIDI 225 GROVE STREET, Cambridge, MA 02138 | PRESIDENT | 10 | $0 |
| IMAD KHALIDI 505 SPURWINK AVENUE, Cape Elizabeth, ME 04107 | TREASURER | 2 | $0 |
| HANI HABBAS 285 3RD STREET UNIT 328, Cambridge, MA 02142 | SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 225 GROVE ST, CAMBRIDGE, MA 02138-1013
- In care of
- % WALID KHALIDI
- Signed the 990-PF
- WALID KHALIDI, PRESIDENT
- Phone
- (617) 868-5128
- Return prepared by
- Veritas Tax and Business Advisory
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3126404
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B70)
- Assets (IRS master file)
- $4,512,131
- Income (IRS master file)
- $3,241,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $282,979 | $235,903 | $4,512,131 | IRS |
| 990-PF | December 2023 | $1,195,033 | $214,715 | $4,465,055 | XML |
| 990-PF | December 2022 | $3,130,269 | $63,684 | $3,371,327 | XML |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3126404).
Questions about FRIENDS OF THE KHALIDI LIBRARY INC
- What is the EIN of FRIENDS OF THE KHALIDI LIBRARY INC?
- The employer identification number (EIN) of FRIENDS OF THE KHALIDI LIBRARY INC is 04-3126404.
- Is FRIENDS OF THE KHALIDI LIBRARY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to FRIENDS OF THE KHALIDI LIBRARY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRIENDS OF THE KHALIDI LIBRARY INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRIENDS OF THE KHALIDI LIBRARY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE KHALIDI LIBRARY INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FRIENDS OF THE KHALIDI LIBRARY INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF THE KHALIDI LIBRARY INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $282,979, expenses of $235,903 and total assets of $4,512,131 at year end.
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