Civic Intelligence

Thaakat Foundation

990 • Fiscal year 2024 • EIN 33-1212566

Jan 01, 2024 to Dec 31, 2024 • Filed on Aug 13, 2025

118 Fairfield DriveRomeoville, IL 60446

(847) 946-3549

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

7.5%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

175%

Faster asset growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

177%

Faster revenue growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$269,898

Up $171,826 (+175%) from 2023

Net Assets

Up

$269,898

Up $171,826 (+175%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$2,281,468

Up $1,459,231 (+177%) from 2023

Expenses

Up

$2,109,642

Up $1,107,179 (+110%) from 2023

Net Income

Up

$171,826

Up $352,052 (+195%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2019: $82,386Liabilities 2019: $0Net Assets 2019: $82,3862019Assets 2020: $106,344Liabilities 2020: $0Net Assets 2020: $106,3442020Assets 2021: $122,021Liabilities 2021: $0Net Assets 2021: $122,0212021Assets 2022: $278,298Liabilities 2022: $0Net Assets 2022: $278,2982022Assets 2023: $98,072Liabilities 2023: $0Net Assets 2023: $98,0722023Assets 2024: $269,898Liabilities 2024: $0Net Assets 2024: $269,8982024

Highlighted filing

2024

Assets$269,898
Liabilities$0
Net Assets$269,898

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $387,445Expenses 2019: $365,516Net Income 2019: $21,9292019Revenue 2020: $439,329Expenses 2020: $415,371Net Income 2020: $23,9582020Revenue 2021: $493,648Expenses 2021: $477,971Net Income 2021: $15,6772021Revenue 2022: $982,660Expenses 2022: $826,383Net Income 2022: $156,2772022Revenue 2023: $822,237Expenses 2023: $1,002,463Net Income 2023: -$180,2262023Revenue 2024: $2,281,468Expenses 2024: $2,109,642Net Income 2024: $171,8262024

Highlighted filing

2024

Revenue$2,281,468
Expenses$2,109,642
Net Income$171,826
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 13, 2025
Return Version
2024v5.0
Gross Receipts
$2,281,468
Mission and Program Overview

Mission

Thaakat Foundation has adopted three global project sites focused on education, development and healthcare. Each project works not only to help the immediate recipient (students, patients etc.) but to work within the community to help bring overall progress. Today, each project site has clean water, restrooms, women's empowerment projects and emergency aid programs in place in addition to the overall program that is operating.

Thaakat Foundation promotes a collaborative, people and planet friendly approach to fighting global poverty. Working in remote and underserved communities around the world, we rebuild broken health and education infrastructures to help transform the futures of those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,762$249,361▲ $161,599
Pledges and Grants Receivable$10,310$20,417▲ $10,107
Prepaid Expenses and Deferred Charges$0$120▲ $120
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$98,072$269,898▲ $171,826
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$46,197$236,612▲ $190,415
Net Assets Without Donor Restrictions$51,875$33,286▼ $18,589
Total Net Assets Fund Balance$98,072$269,898▲ $171,826
Total Liabilities and Net Assets / Fund Balance$98,072$269,898▲ $171,826
Compensation and Service Providers

Board Members and Trustees

NameTitle
Saad BawanyDirector of Development and Programs
Uzma BawanyExecutive Director
Faizan BahrainChief Compliance Officer
Haseeb BaigChief Financial Officer
Mohsin HussainChief Strategy Officer
Nudrat ZohaCOO
Uzma AijazDonor Impact Officer
Priyanka PatelGlobal Projects Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,281,468
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,252,279
Change in Net Assets
$171,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,281,468
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,281,468
Total Revenue per Form 990
$2,281,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,109,642
Total Fundraising Expense$42,621
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$0$40,707$0$40,707
Advertising$0$9,533$8,922$18,455
Other Expenses$0$0$13,551$13,551
Fees for Services Other$0$10,814$0$10,814
Occupancy-$0$4,043$4,043
Office Expenses$0$439$1,660$2,099
Total Functional Expenses$2,002,642$64,379$42,621$2,109,642

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,109,642
Total Expenses per Audited Statements$2,109,642
Total Expenses per Form 990$2,109,642
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$29,189$29,189$42,166$-12,977
Total Events$29,189$29,189$42,166$-12,977
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Electronic copies of the Form 990 are made available to each member of the governing body for review via email.

Form 990, Part VI, Section B, Line 12C

Annual conflict of interest disclosures are required.

Form 990, Part VI, Section C, Line 19

The governing document, bylaws, conflict of interest policy, and financial information is available to the public upon request. Additionally, copies of each filed 990 are available for public inspection at www.guidestar.org and the IRS website.

Filing and Contact Details

Filer

Filer Name
Thaakat Foundation
EIN
33-1212566
Phone
8479463549
Address
118 Fairfield Drive, Romeoville, IL 60446

Signing Officer

Name
Uzma Bawany
Title
Executive Director
Phone
8479463549
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Uzma Bawany
Formed
2008
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Swift Philanthropy Solutions
Address
PO Box 847, Windermere, FL 34786
Preparer
Melanie Swift Guin MNM
Phone
3212367292
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010310
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0171826
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
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