Civic Intelligence

Malcolm X Shabazz Foundation

990EZ • Fiscal year 2020 • EIN 83-2911391

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 20, 2021

3261 Loma Alta DriveSanta Clara, CA 95051

(408) 666-0809

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

48th percentile

3.7%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$9,046

No earlier filing loaded for comparison.

Net Assets

$9,046

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$81,902

No earlier filing loaded for comparison.

Expenses

$78,856

No earlier filing loaded for comparison.

Net Income

$3,046

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2020: $9,046Liabilities 2020: $0Net Assets 2020: $9,0462020Assets 2021: $39,425Liabilities 2021: $0Net Assets 2021: $39,4252021Assets 2022: $37,193Liabilities 2022: $0Net Assets 2022: $37,1932022Assets 2023: $18,312Liabilities 2023: $0Net Assets 2023: $18,3122023Assets 2024: $12,109Liabilities 2024: $0Net Assets 2024: $12,1092024

Highlighted filing

2020

Assets$9,046
Liabilities$0
Net Assets$9,046

Operations Trend

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

$100K$50K$0-$50KRevenue 2020: $81,902Expenses 2020: $78,856Net Income 2020: $3,0462020Revenue 2021: $53,574Expenses 2021: $23,195Net Income 2021: $30,3792021Revenue 2022: $13,965Expenses 2022: $16,197Net Income 2022: -$2,2322022Revenue 2023: $63,371Expenses 2023: $82,252Net Income 2023: -$18,8812023Revenue 2024: $27,430Expenses 2024: $33,633Net Income 2024: -$6,2032024

Highlighted filing

2020

Revenue$81,902
Expenses$78,856
Net Income$3,046
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 20, 2021
Return Version
2020v4.1
Gross Receipts
$81,902
Mission and Program Overview

Mission

To promote the legacy of malcolm x

Program Services

DescriptionGrantsExpenses
THE MISSION OF THE FOUNDATION IS TO RAISE FUND IN ORDER FOR THE CENTER TO CONTINUE PROMOTING THE LEGACY OF MALCOLM X$81,902$78,856
AS ONE OF THE MAIN ATTRACTIONS AND LANDMARKS OF NY, THE MALCOLM X SHABAZZ FOUNDATION ENVISIONS THE CENTER TO BE A VISITORS DESTINATION FROM ALL OVER THE WORLD TO CELEBRATE THE--
LIVES OF MALCOLM X AND DR. BETTY SHABAZZ, AND THEIR CONTRIBUTIONS TO HUMANITY.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WASSIM MALAKPresident-$0--
KAMAL KORAITEMTreasurer-$0--
OMAR MOHSENSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Malcolm X Shabazz Foundation
EIN
83-2911391
Address
3261 LOMA ALTA DRIVE, SANTA CLARA, CA 95051

Signing Officer

Name
Kamal Koraitem
Title
Treasurer
Phone
4086660809
Signed
2021-11-20
Discuss with paid preparer
No

Preparer

Firm
Micro Tax Audit&accounting Svcs Llp
Address
1879 LUNDY AVENUE SUITE 163, SAN JOSE, CA 95131
Preparer
Muhammad A Haroon
Phone
4089869829
Supplemental Narrative

Additional Explanations

General explanation attachment

Objectives & achievements:as one of the main attractions and landmarks of ny, the malcolm x shabazz foundation envisions the center to be a visitors destination from all over the world to celebrate the lives of malcolm x and dr. Betty shabazz, and their contributions to humanity.the foundations primary principle is the commitment on spending every dollar collected towards the cause of the mx & dr. Betty shabazz center. The foundation will also strive to raise funds to enable the malcolm x and betty shabazz center execute its short term and long term goals, by promoting the legacy of malcolm x through educational seminars, workshop and tours, and through a variety of cultural and public events in remembrance of his legacy. The foundation has spent in 2020 on the following resources and activities:- ?mx digital birthday program may 2020- ?mca fundraising program - february 2020- ?powerful impact (website and social media management)- ?vonnetta west & karl evanzz & amani orr (social media content augmentation and procurement)goals for the future:due to the pandemic, the mx center converted all programs to virtual programs. In 2021, the foundation is planning on hosting a virtual roundtable & fundraising event to continue the advancement of the mx centers vision and mission.

Description of other expenses Part I line 16

Description amountadvertising and promotion 2,500it services 4,000grants to individuals 7,500conference and meetings 325travel airfare 204lodging expense 1,373bank charges 13contractors 32,244honorarium 6,950internet 947website management 12,299meals and entertainment 138postage 104promotion and development 450fundraising facility rental 1,973fundraising banquet 6,000transportation 303supplies 1,033

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OBJECTIVES & ACHIEVEMENTS:AS ONE OF THE MAIN ATTRACTIONS AND LANDMARKS OF NY, THE MALCOLM X SHABAZZ FOUNDATION ENVISIONS THE CENTER TO BE A VISITORS DESTINATION FROM ALL OVER THE WORLD TO CELEBRATE THE LIVES OF MALCOLM X AND DR. BETTY SHABAZZ, AND THEIR CONTRIBUTIONS TO HUMANITY.THE FOUNDATIONS PRIMARY PRINCIPLE IS THE COMMITMENT ON SPENDING EVERY DOLLAR COLLECTED TOWARDS THE CAUSE OF THE MX & DR. BETTY SHABAZZ CENTER. THE FOUNDATION WILL ALSO STRIVE TO RAISE FUNDS TO ENABLE THE MALCOLM X AND BETTY SHABAZZ CENTER EXECUTE ITS SHORT TERM AND LONG TERM GOALS, BY PROMOTING THE LEGACY OF MALCOLM X THROUGH EDUCATIONAL SEMINARS, WORKSHOP AND TOURS, AND THROUGH A VARIETY OF CULTURAL AND PUBLIC EVENTS IN REMEMBRANCE OF HIS LEGACY. THE FOUNDATION HAS SPENT IN 2020 ON THE FOLLOWING RESOURCES AND ACTIVITIES:- ?MX DIGITAL BIRTHDAY PROGRAM MAY 2020- ?MCA FUNDRAISING PROGRAM - FEBRUARY 2020- ?POWERFUL IMPACT (WEBSITE AND SOCIAL MEDIA MANAGEMENT)- ?VONNETTA WEST & KARL EVANZZ & AMANI ORR (SOCIAL MEDIA CONTENT AUGMENTATION AND PROCUREMENT)GOALS FOR THE FUTURE:DUE TO THE PANDEMIC, THE MX CENTER CONVERTED ALL PROGRAMS TO VIRTUAL PROGRAMS. IN 2021, THE FOUNDATION IS PLANNING ON HOSTING A VIRTUAL ROUNDTABLE & FUNDRAISING EVENT TO CONTINUE THE ADVANCEMENT OF THE MX CENTERS VISION AND MISSION.
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Filings