| Entity | Document Type | Tax ID |
|---|---|---|
| Zakat Foundation of America | Consolidated Audited Financial Statements | Multiple |
| Zakat Foundation of America | IRS Form 990 | 36-4476244 |
|
Entity: Zakat Foundation of America Document Type: Consolidated Audited Financial Statements Tax ID: Multiple |
|
Entity: Zakat Foundation of America Document Type: IRS Form 990 Tax ID: 36-4476244 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Halil Demir | Executive Director | $274,978 |
| 2 | Raza Farrukh | Director of Development | $182,416 |
| 3 | Majeda Nabhan | Director, International HR | $158,856 |
|
1 Name: Halil Demir Title: Executive Director Compensation: $274,978 |
|
2 Name: Raza Farrukh Title: Director of Development Compensation: $182,416 |
|
3 Name: Majeda Nabhan Title: Director, International HR Compensation: $158,856 |
CharityWatch's rating of The Zakat Foundation of America (tax ID #36-4476244) includes the financial activities of Ertugrul USA, LLC, a wholly-owned corporation whose purpose is to "hold cultural events to help spread the word of Zakat's mission" according to Audit Note 1 of organization's consolidated audited financial statements for the fiscal year ended June 30, 2024. |
According to The Zakat Foundation of America consolidated audit of June 30, 2024 (Note 7, Foreign Activity Concentration): "The Foundation implements programs domestically and internationally to the victims of natural and human-caused catastrophes. Donations are primarily raised in the United States of America and are used to fund programs undertaken on behalf of the Foundation by its local regional offices, United Nations related bodies, and/or licensed partner non-governmental organizations overseas. It is considered possible that program activity in one or more of these countries could be disrupted due to political events within such countries. This disruption could materially affect the operation of, and the amount of contributions raised for, each such program. As of June 30, 2024, the carrying value of assets held outside of the United States is as follows:..." Cash: $1,258,223 Buildings: $86,813 Land: $94,350 Total: $1,439,386 |
According to the Zakat Foundation of America tax filing for the fiscal year ending June 30, 2024, the Foundation reports re: Compensation, Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II): The Foundation reports providing "bonus & incentive compensation" to Halil Demir, Executive Director, in the amount of $77,028 during 2023. Demir's total reported compensation during 2023 was $274,978. |
According to The Zakat Foundation of America tax filing for the fiscal year ending June 30, 2024, the Foundation reports re: Loans to and/or From Interested Persons (IRS Form 990, Schedule L, Parts II & V): (1) A loan to Ertugrul USA, LLC, a controlled entity, in the amount of $1,024,109 for the purpose of "Start-up costs." According to The Zakat Foundation of America tax filing for the fiscal year ending June 30, 2024, the Foundation reports re: Business Transactions Involving Interested Persons (IRS Form 990, Schedule L, Parts IV & V): (1) A transaction involving Amina Demir, relative of Executive Director, in the amount of $122,852 and described as compensation. (2) A transaction involving Donna Neil-Demir, relative of Executive Director, in the amount of $34,106 and described as compensation. (3) A transaction involving Selma Demir, relative of Executive Director, in the amount of $48,052 and described as compensation. [Halil Demir is reported as "Executive Director," with total compensation of $274,978 in calendar year 2023, 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 [the] job market. Then, the reasonableness of their compensation is reviewed and approved by the Board of Direct[or]s." |
