Civic Intelligence

Malcolm X Shabazz Foundation

990EZ • Fiscal year 2023 • EIN 83-2911391

Jan 01, 2023 to Dec 31, 2023 • Filed on May 02, 2024

Organization Profile
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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

15th percentile

-30%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

10th percentile

-51%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

354%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$18,312

Down $18,881 (-51%) from 2022

Net Assets

Down

$18,312

Down $18,881 (-51%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin15th percentile

Revenue

Up

$63,371

Up $49,406 (+354%) from 2022

Expenses

Up

$82,252

Up $66,055 (+408%) from 2022

Net Income

Down

-$18,881

Down $16,649 (-746%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

2023

Assets$18,312
Liabilities$0
Net Assets$18,312
Open 2023 Filing

Operations Trend

Revenue Growth97th percentile

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

2023

Revenue$63,371
Expenses$82,252
Net Income-$18,881
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 2, 2024
Return Version
2023v5.1
Gross Receipts
$63,371
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-$35,128
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
Top Officer Pay78th percentile

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
2024-05-02
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 2023, the foundation held virtual fundraising events to assist the malcolm x and betty shabazz center execute key events: living the legacy: the 58th commemoration of malcolmx, on february 21, 2023 malcolmx day: a tribute to malcolm in words & music, on may 19, 2023 x: the life and times of malcolmx, on november 3, 2023 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.”

List of grants and similar amounts paid Part I line 10

“Activity commemeration of malcolm x life and legacy grantee malcolm x & betty shahabaz edu. Cntstreet 3940 broadway city, state, zip new york, ny 10032relationship none amount 46,416”

Description of other expenses Part I line 16

“Description amountcontractor (1099 nec) 11,875social media cost 2,000website management 5,128professional fees 1,125honorarium 15,000wire transfer fee 180annual domain fee 503filing fee 25”

Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2LIVES OF MALCOLM X AND DR. BETTY SHABAZZ, AND THEIR CONTRIBUTIONS TO HUMANITY.
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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 2023, THE FOUNDATION HELD VIRTUAL FUNDRAISING EVENTS TO ASSIST THE MALCOLM X AND BETTY SHABAZZ CENTER EXECUTE KEY EVENTS: LIVING THE LEGACY: THE 58TH COMMEMORATION OF MALCOLMX, ON FEBRUARY 21, 2023 MALCOLMX DAY: A TRIBUTE TO MALCOLM IN WORDS & MUSIC, ON MAY 19, 2023 X: THE LIFE AND TIMES OF MALCOLMX, ON NOVEMBER 3, 2023 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY COMMEMERATION OF MALCOLM X LIFE AND LEGACY GRANTEE MALCOLM X & BETTY SHAHABAZ EDU. CNTSTREET 3940 BROADWAY CITY, STATE, ZIP NEW YORK, NY 10032RELATIONSHIP NONE AMOUNT 46,416
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTCONTRACTOR (1099 NEC) 11,875SOCIAL MEDIA COST 2,000WEBSITE MANAGEMENT 5,128PROFESSIONAL FEES 1,125HONORARIUM 15,000WIRE TRANSFER FEE 180ANNUAL DOMAIN FEE 503FILING FEE 25
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,312
Liabilities
$0
Net assets
$18,312
Revenue
$63,371
Expenses
$82,252
Net income
-$18,881
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$27.4$33.6$6.20
2023Detailed filing. Detailed filing data is available for this year.$18.3$0.00$18.3$63.4$82.3$18.9
2022Detailed filing. Detailed filing data is available for this year.$37.2$0.00$37.2$14.0$16.2$2.23
2021Detailed filing. Detailed filing data is available for this year.$39.4$0.00$39.4$53.6$23.2$30.4
2020Detailed filing. Detailed filing data is available for this year.$9.05$0.00$9.05$81.9$78.9$3.05