Civic Intelligence

Alif Foundation

990 • Fiscal year 2020 • EIN 85-3781213

Nov 05, 2020 to Dec 31, 2020 • Filed on Jul 12, 2021

Organization ProfileN/A
4139 Calder LnAurora, IL 60504

(224) 252-1500

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

97th percentile

88%

Higher net margin than 97% 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

Balance Sheet
Liabilities / Assets55th percentile

Assets

$184,407

No earlier filing loaded for comparison.

Net Assets

$184,407

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin97th percentile

Revenue

$208,390

No earlier filing loaded for comparison.

Expenses

$23,983

No earlier filing loaded for comparison.

Net Income

$184,407

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2020: $184,407Liabilities 2020: $0Net Assets 2020: $184,4072020Assets 2021: $295,618Liabilities 2021: $0Net Assets 2021: $295,6182021Assets 2022: $246,802Liabilities 2022: $0Net Assets 2022: $246,8022022Assets 2023: $101,349Liabilities 2023: $0Net Assets 2023: $101,3492023

Highlighted filing

2020

Assets$184,407
Liabilities$0
Net Assets$184,407
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2020: $208,390Expenses 2020: $23,983Net Income 2020: $184,4072020Revenue 2021: $241,880Expenses 2021: $130,669Net Income 2021: $111,2112021Revenue 2022: $91,541Expenses 2022: $140,357Net Income 2022: -$48,8162022Revenue 2023: $180,883Expenses 2023: $326,336Net Income 2023: -$145,4532023

Highlighted filing

2020

Revenue$208,390
Expenses$23,983
Net Income$184,407
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Nov 5, 2020 to Dec 31, 2020
Signed
Jul 12, 2021
Return Version
2020v4.1
Gross Receipts
$208,390
Mission and Program Overview

Mission

Guided by Islamic values and tradition, Alif Fund aims to strengthen Uzbek families and other communities throughout Chicago. We hope to empower,support, and connect our community through establishing an educational center and providing programs and services to meet this objective.Alif Fund will also support charitableorganizations around the world

Guided by Islamic values and tradition, Alif Fund aims to strengthen Uzbek families and other communities throughout Chicago.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$184,407-
Total Assets$0$184,407▲ $184,407
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$184,407-
Total Net Assets Fund Balance$0$184,407▲ $184,407
Total Liabilities and Net Assets / Fund Balance$0$184,407▲ $184,407
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Farooq SayfutdinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$208,390
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$208,390
Change in Net Assets
$184,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,483
Salaries, Compensation, and Employee Benefits$4,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,500
Other Expenses---$1,703
Total Functional Expenses$0$0$0$23,983
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section OFFICERS, DIRECTORS, Line 2

“Farooq sayfutdin is the president”

Form 990, Part VI, Section GOVERNING BODY REVIEW, Line 11

“Governing body reviews all of the transactions and tax return before it is filed and is available for inspection to the public, if requested / required”

Form 990, Part VI, Section CONFLICT OF INTEREST POLICY COMPLIANCE, Line 12C

“The governing body oversees that such a policy agreed upon is being followed in letter and spirit.”

Form 990, Part VI, Section GOVERNING DOCUMENTS ETC. AVAILABLE TO PUBLIC, Line 19

“The documents are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Alif Foundation
EIN
85-3781213
Address
4139 CALDER LN, Aurora, IL 60504

Signing Officer

Name
Dilnoza Azamova
Title
President
Signed
2021-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dilnoza Azamova
Formed
2020
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Tax Wizard Inc
Address
4438 OAKTON, SKOKIE, IL 60076
Preparer
Shehzad Majid
Phone
8479836133
Supplemental Narrative

Additional Explanations

Form 990, Part III, Section GENERAL EXPLANATION ATTACHMENT, Line 1

“The organization was established in october 2020 for charitable purposes. It has filed for an exemption under 501c3. The funds accumulated as shown on form 990 are contributed by the president by selling his personal property and contributions made by his friends. All the money and interest earned has been kept in the bank. Corporation has not involved itself in any business activity. Expenses represent necessary remodeling costs, utilities, legal and professional fees paid to the outsiders who is not related to the corporation in any manner.”

Raw XML Appendix238 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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IRS990/GrantsToIndividualsInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY REVIEWS ALL OF THE TRANSACTIONS AND TAX RETURN BEFORE IT IS FILED AND IS AVAILABLE FOR INSPECTION TO THE PUBLIC, IF REQUESTED / REQUIRED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION WAS ESTABLISHED IN OCTOBER 2020 FOR CHARITABLE PURPOSES. IT HAS FILED FOR AN EXEMPTION UNDER 501C3. THE FUNDS ACCUMULATED AS SHOWN ON FORM 990 ARE CONTRIBUTED BY THE PRESIDENT BY SELLING HIS PERSONAL PROPERTY AND CONTRIBUTIONS MADE BY HIS FRIENDS. ALL THE MONEY AND INTEREST EARNED HAS BEEN KEPT IN THE BANK. CORPORATION HAS NOT INVOLVED ITSELF IN ANY BUSINESS ACTIVITY. EXPENSES REPRESENT NECESSARY REMODELING COSTS, UTILITIES, LEGAL AND PROFESSIONAL FEES PAID TO THE OUTSIDERS WHO IS NOT RELATED TO THE CORPORATION IN ANY MANNER.
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ReturnHeader/TaxPeriodBeginDt02020-11-05
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$184,407
Liabilities
$0
Net assets
$184,407
Revenue
$208,390
Expenses
$23,983
Net income
$184,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$1.81$3.26$1.45
2022Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.92$1.40$0.49
2021Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$2.42$1.31$1.11
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$2.08$0.24$1.84