Civic Intelligence

Malcolm X Shabazz Foundation

990EZ • Fiscal year 2022 • EIN 83-2911391

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

21st percentile

-16%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

37th percentile

-5.7%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-74%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$37,193

Down $2,232 (-5.7%) from 2021

Net Assets

Down

$37,193

Down $2,232 (-5.7%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$13,965

Down $39,609 (-74%) from 2021

Expenses

Down

$16,197

Down $6,998 (-30%) from 2021

Net Income

Down

-$2,232

Down $32,611 (-107%) from 2021

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

2022

Assets$37,193
Liabilities$0
Net Assets$37,193

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

2022

Revenue$13,965
Expenses$16,197
Net Income-$2,232
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$13,965
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-$16,197
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
2023-11-06
Discuss with paid preparer
No

Preparer

Firm
Micro Tax Audit Accounting Svcs Llp
Address
2350 MISSION COLLEGE BLVD 475, SANTA CLARA, CA 95054
Preparer
Muhammad A Haroon
Phone
4089869829
Supplemental Narrative

Additional Explanations

General explanation attachment

Established in 2019, the vision of the malcolm x shabazz foundation is to promote malcolm xs legacy through educational programs. The main objective of the foundation is to raise funds to enable the malcolm x and betty shabazz center in new york 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. In 2021, the foundation held virtual fundraising events to assist the malcolm x and betty shabazz center in several areas: hold a three-day international tribunal on human rights violations hold public events with leaders including dr. Ilyasah shabazz, dr. Cornel west, imam omar suleiman, noor tagouri, maimouna youssef, keyon harrold and othersserved as a comprehensive covid-19 testing and vaccination site for six months moving forward, the goals of the foundations include: assist the center in hiring interim executive director, general operations manager, and social media/communications coordinator complete installation of the malcolm x and dr. Betty shabazz permanent exhibition and multi-media kiosks increase in-person programming by expanding public programming series.

Description of other expenses Part I line 16

Description amountonline campaign and donation mgmt 3,499social media cost 1,689website management 4,694professional fees 1,195domain registration 120contractor (1099 misc) 5,000

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ESTABLISHED IN 2019, THE VISION OF THE MALCOLM X SHABAZZ FOUNDATION IS TO PROMOTE MALCOLM XS LEGACY THROUGH EDUCATIONAL PROGRAMS. THE MAIN OBJECTIVE OF THE FOUNDATION IS TO RAISE FUNDS TO ENABLE THE MALCOLM X AND BETTY SHABAZZ CENTER IN NEW YORK 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. IN 2021, THE FOUNDATION HELD VIRTUAL FUNDRAISING EVENTS TO ASSIST THE MALCOLM X AND BETTY SHABAZZ CENTER IN SEVERAL AREAS: HOLD A THREE-DAY INTERNATIONAL TRIBUNAL ON HUMAN RIGHTS VIOLATIONS HOLD PUBLIC EVENTS WITH LEADERS INCLUDING DR. ILYASAH SHABAZZ, DR. CORNEL WEST, IMAM OMAR SULEIMAN, NOOR TAGOURI, MAIMOUNA YOUSSEF, KEYON HARROLD AND OTHERSSERVED AS A COMPREHENSIVE COVID-19 TESTING AND VACCINATION SITE FOR SIX MONTHS MOVING FORWARD, THE GOALS OF THE FOUNDATIONS INCLUDE: ASSIST THE CENTER IN HIRING INTERIM EXECUTIVE DIRECTOR, GENERAL OPERATIONS MANAGER, AND SOCIAL MEDIA/COMMUNICATIONS COORDINATOR COMPLETE INSTALLATION OF THE MALCOLM X AND DR. BETTY SHABAZZ PERMANENT EXHIBITION AND MULTI-MEDIA KIOSKS INCREASE IN-PERSON PROGRAMMING BY EXPANDING PUBLIC PROGRAMMING SERIES.
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Filings