Zakat Foundation of America

According to The Zakat Foundation of America audit of June 30, 2022 (Note 6, In-Kind Contributions), the Foundation received in-kind contributions in fiscal 2022 on which it placed a total value of $266,438. Of this amount, $218,132 is reported as "Food".

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to The Zakat Foundation of America tax filing for the fiscal year ending June 30, 2022, the Foundation reports re: Business Transactions Involving Interested Persons (IRS Form 990, Schedule L, Part IV):

(1) A transaction involving Amina Demir, relative of Executive Director, in the amount of $89,586 and described as compensation.

(2) A transaction involving Donna Neil-Demir, relative of Executive Director, in the amount of $16,813 and described as compensation.

(3) A transaction involving Selma Demir, relative of Executive Director, in the amount of $39,848 and described as compensation.

[Halil Demir is reported as "Executive Director," with total compensation of $180,575 in calendar year 2021, according to IRS Form 990, Part VII.]

The Supplemental Information reported related to the above Business Transactions Involving Interested Persons states (IRS Form 990, Schedule L, Part V):

"The Director of Human Resources and the Director of Operations reviewed each of the individuals' resumes/credentials and interviewed them before hiring. Their compensation was determined taking into account job authority, responsibility, designation and the prevailing rate in job market. Then, the reasonableness of their compensation is reviewed and approved by the board of directors."

According to The Zakat Foundation of America audit of June 30, 2022 (Note 8, Concentration of Foreign Activity):

"Contributions are raised in the United States of America. Certain program activities funded by the Foundation are delivered in foreign countries affected by civil strife, war, famine, or natural catastrophe and are undertaken on behalf of the Foundation by its local regional offices, United Nations related bodies, and/or locally licensed partner non-governmental organizations. It is considered reasonably possible that activity in one or more of these foreign countries could be disrupted due to political events within such countries. This disruption could materially affect the operation of, and amount of contributions raised for, each such program. As of June 30, 2022, the Foundation had assets outside the United States of America with a carrying value of $990,572."

According to The Zakat Foundation of America audit of June 30, 2022 (Note 11, Contingency):

"In April 2020, the Foundation received loan proceeds in the amount of $494,735 under the Paycheck Protection Program (PPP). The PPP loan was forgiven by the Small Business Administration in May 2021. The PPP loan and its forgiveness are subject to examination under the terms of the agreement with the Small Business Administration for a period of six years from the date the loan is forgiven. The Foundation is not currently under examination nor has the Foundation been contacted."

According to The Zakat Foundation of America audit of June 30, 2022 (Note 10, Impact of COVID-19):

"In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to spread in certain parts of the world. To date [November 14, 2022], the impact on the Foundation's operations and results has not been significant and management expects this to remain the case. Management continues to actively monitor the global situation in order to mitigate any potential future impact on the Foundation's changes in net assets and financial performance."