Nonprofit · EIN 81-2803229
QASD FOUNDATION
Tax-exempt · LEXINGTON, KY 40591
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $533,056 | $485,606 | $47,450 | $60,264 | $1 | $60,263 |
| December 31, 2023 | 990 | $218,837 | $211,395 | $7,442 | $12,813 | $0 | $12,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $533,056
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $482,760
- Management and general (functional)
- $2,846
Balance sheet and other
- Total assets, start of year
- $12,813
- Total assets, end of year
- $60,264
- Total liabilities, end of year
- $1
- Net assets, end of year
- $60,263
- Net assets without donor restrictions
- $60,263
- Gross receipts
- $533,056
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- IL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zahid Ally | Chairman Trustee or director | 0 | $0 |
| Aiyub Palmer | Director Trustee or director | 0 | $0 |
| Sadaf Khan | Director Trustee or director | 0 | $0 |
| Saad Ahmad | Director Officer | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zahid Ally | Chairman Trustee or director | 0 | $0 |
| Aiyub Palmer | Director Trustee or director | 0 | $0 |
| Sadaf Khan | Director Trustee or director | 0 | $0 |
| Saad Ahmad | Director Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 910161, LEXINGTON, KY 40591-0161
- In care of
- % SAAD AHMED
- Mailing address (990-N for 2016)
- 1151 Coventry Circle, Glendale Heights IL 60139
- Principal officer (990 for 2024)
- Saad Ahmad, PO Box 910161, Lexington, KY 40591
- Principal officer (990-N for 2016)
- Saad Ahmed, 1151 Coventry Circle, Glendale Heights IL 60139
- Signed the 990
- Saad Ahmad, Director
- Phone
- (801) 657-0903
- Website
- qasdfoundation.com
- Return prepared by
- C & A Financial
Mission
A charity organization whose goal is to facilitate service to the Divine through education, assisting the needy, healing the sick, and building and maintaining houses of worship.
Program accomplishments
- Qasd Foundation helped orphans in Jordan receive basic clothing, food and education. Also, a mosque in Amman was assisted in converting its energy use from electricity to solar energy. Further, poor and unemployed individuals were assisted with computer literacy training to help place them in stable positions of employment. Finally, food parcels were delivered to individuals too poor to even afford daily meals.Expenses $482,760
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2803229
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $60,264
- Income (IRS master file)
- $533,056
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $533,056 | $485,606 | $60,264 | IRS |
| 990 | December 2023 | $218,837 | $211,395 | $12,813 | XML |
| 990 | December 2022 | $253,726 | $332,829 | $5,371 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Saad Ahmed | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-2803229).
Questions about QASD FOUNDATION
- What is the EIN of QASD FOUNDATION?
- The employer identification number (EIN) of QASD FOUNDATION is 81-2803229.
- Is QASD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to QASD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QASD FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of QASD FOUNDATION 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 QASD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of QASD FOUNDATION?
- The 990 for the year ended December 31, 2024 names Saad Ahmad.
- Who are the officers and directors of QASD FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does QASD FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $533,056, expenses of $485,606 and total assets of $60,264 at year end.
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All nonprofits in LEXINGTON · Kentucky · International, foreign affairs and national security