Nonprofit · EIN 47-2630025
ADIB FOUNDATION INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $605,551 | $215,445 | $390,106 | $5,156,493 | $0 | $5,156,493 |
| December 31, 2024 | 990-PF | -$28,421 | $172,166 | -$200,587 | $4,237,852 | $0 | $4,237,852 |
| December 31, 2023 | 990-PF | $139,377 | $157,679 | -$18,302 | $3,455,769 | $0 | $3,455,769 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $448,670
- Dividends
- $28,580
- Interest
- $1,118
- Net gain from sales of assets
- $127,183
Expenses
- Grants and similar amounts paid
- $178,246
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $182,946
- Excise tax on investment income
- $1,732
Balance sheet and other
- Total assets, start of year
- $4,237,852
- Total assets, end of year
- $5,156,493
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,156,493
- Fair market value of assets
- $5,156,493
- Qualifying distributions
- $182,946
- Net investment income
- $156,881
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHABBIR ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | PRESIDENT | 1 | $0 |
| RUBY ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | VICE PRESIDENT/TREASURER | 1 | $0 |
| TAHA ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | SECRETARY | 1 | $0 |
| RAKESH V CHODARI 15 SPRUCE STREET, ROSLYN, NY 11578 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHABBIR ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | PRESIDENT | 1 | $0 |
| RUBY ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | VICE PRESIDENT/TREASURER | 1 | $0 |
| TAHA ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | SECRETARY | 1 | $0 |
| RAKESH V CHODARI 15 SPRUCE STREET, ROSLYN, NY 11578 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHABBIR ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | PRESIDENT | 1 | $0 |
| RUBY ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | VICE PRESIDENT/TREASURER | 1 | $0 |
| TAHA ADIB 15 SPRUCE STREET, ROSLYN, NY 11578 | SECRETARY | 1 | $0 |
| RAKESH V CHODARI 15 SPRUCE STREET, ROSLYN, NY 11578 | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 225 W 35TH ST 5TH FLR, NEW YORK, NY 10001-1993
- In care of
- % SHABBIR ADIB
- Signed the 990-PF
- SHABBIR ADIB, PRESIDENT
- Phone
- (516) 705-0786
- Return prepared by
- PRESTI & NAEGELE LLC
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 | 990-PF 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
- 47-2630025
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $5,156,493
- Income (IRS master file)
- $1,641,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $605,551 | $215,445 | $5,156,493 | IRS |
| 990-PF | December 2024 | -$28,421 | $172,166 | $4,237,852 | IRS |
| 990-PF | December 2023 | $139,377 | $157,679 | $3,455,769 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 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 47-2630025).
Questions about ADIB FOUNDATION INC
- What is the EIN of ADIB FOUNDATION INC?
- The employer identification number (EIN) of ADIB FOUNDATION INC is 47-2630025.
- Is ADIB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to ADIB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ADIB FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ADIB FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADIB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of ADIB FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does ADIB FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $605,551, expenses of $215,445 and total assets of $5,156,493 at year end.
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