Nonprofit · EIN 87-1780247
FAROOQ FAMILY FOUNDATION INC
Tax-exempt · LOCUST VALLEY, NY 11560
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,340 | $47,108 | -$42,768 | $510,069 | $306,000 | $204,069 |
| December 31, 2023 | 990-PF | $548 | $0 | $548 | $301,626 | $301,000 | $626 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $4,340
Expenses
- Grants and similar amounts paid
- $42,108
- Excise tax on investment income
- $610
Balance sheet and other
- Total assets, start of year
- $301,626
- Total assets, end of year
- $510,069
- Total liabilities, end of year
- $306,000
- Net assets, end of year
- $204,069
- Fair market value of assets
- $510,495
- Net investment income
- $43,877
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 |
|---|---|---|---|
| MOHAMMAD A FAROOQ 239 LATTINGTOWN ROAD, LOCUST VALLEY, NY 11560 | TRUSTEE | 10 | $0 |
| SAMEENA FAROOQ 239 LATTINGTOWN ROAD, LOCUST VALLEY, NY 11560 | TREASURER | 10 | $0 |
| SHAH-RUKH PARACHA 14592 MEADOW BRROK LANE, EASTVALE, CA 92880 | DIRECTOR | 10 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOHAMMAD A FAROOQ 239 LATTINGTOWN ROAD, LOCUST VALLEY, NY 11560 | TRUSTEE | 10 | $0 |
| SAMEENA FAROOQ 239 LATTINGTOWN ROAD, LOCUST VALLEY, NY 11560 | TREASURER | 10 | $0 |
| SHAH-RUKH PARACHA 14592 MEADOW BRROK LANE, EASTVALE, CA 92880 | DIRECTOR | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 239 LATTINGTOWN RD, LOCUST VALLEY, NY 11560-1007
- Signed the 990-PF
- MOHAMMAD A FAROOQ, DIRECTOR
- Phone
- (917) 674-2515
- Return prepared by
- GA TAX SERVICES
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
- 87-1780247
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $510,069
- Income (IRS master file)
- $4,340
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,340 | $47,108 | $510,069 | IRS |
| 990-PF | December 2023 | $548 | $0 | $301,626 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-1780247).
Questions about FAROOQ FAMILY FOUNDATION INC
- What is the EIN of FAROOQ FAMILY FOUNDATION INC?
- The employer identification number (EIN) of FAROOQ FAMILY FOUNDATION INC is 87-1780247.
- Is FAROOQ FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FAROOQ FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FAROOQ FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FAROOQ FAMILY FOUNDATION 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 FAROOQ FAMILY FOUNDATION 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 FAROOQ FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FAROOQ FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,340, expenses of $47,108 and total assets of $510,069 at year end.
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All nonprofits in LOCUST VALLEY · New York · Philanthropy, voluntarism and grantmaking foundations