Overview
What is Adams Endowment Fund Inc?
Adams Endowment Fund Inc is a nonprofit organization with a mission to support a religious charity. Specifically, they aim to accumulate funds for the future operations of Dulles Area Muslim Society. By doing so, this organization plays a crucial role in ensuring the continuity of religious services and activities for its community. Their primary focus is to contribute financially to the sustenance of this religious charity, thereby supporting its ongoing operations.
Official website here: www.adamsendowment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
The Adams Endowment Fund Inc has received a low rating of one star, reflecting significant concerns regarding its accountability and financial practices. The overall score is heavily influenced by the absence of essential policies, such as a conflict of interest policy and a whistleblower policy. Although the organization does well in areas like independent board membership and asset management, these strengths are overshadowed by the cited deficiencies.
One area where the organization excels is its board composition, scoring a perfect 10 for having a majority of independent board members and for its independent board size. Additionally, there is no evidence of material diversion of assets, highlighting sound financial stewardship in that respect. However, the lack of critical governance policies raises questions about the organization's commitment to transparency and ethical standards.
Despite managing a manageable liabilities-to-assets ratio of 9.28%, the program expense ratio of 55.32% is relatively low, indicating that less than half of its expenditures go towards program services. This could be a point of concern for potential donors looking for effective fund allocation. Overall, while the organization demonstrates some positive governance aspects, the missing policies significantly detract from its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Adams Endowment Fund Inc legitimate?
Adams Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adams Endowment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.adamsendowment.org
What is the mission statement of Adams Endowment Fund Inc?
The Adams Endowment Fund Inc., serving as a supporting organization, aims to accumulate funds for the future operations of a religious charity. Specifically, their mission is focused on ensuring the continuity of operations for the Dulles Area Muslim Society. By collecting and managing these funds, the Adams Endowment Fund Inc. contributes to the long-term sustainability and religious activities of the charity, providing financial support for its ongoing operations.
Official website here: www.adamsendowment.org
Who is the CEO of Adams Endowment Fund Inc?
M Omar Ashraf is the Chairman/Treasurer of Adams Endowment Fund Inc.
Official website here: www.adamsendowment.org
What is the revenue of Adams Endowment Fund Inc?
Adams Endowment Fund Inc's revenue in 2022 was $32,747.
Official website here: www.adamsendowment.org
Who are the executives of Adams Endowment Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.adamsendowment.org
Where can I find the form 990 for Adams Endowment Fund Inc?
Adams Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adamsendowment.org
Learn more at the official website: www.adamsendowment.org
Mission Statement of Adams Endowment Fund Inc
Adams Endowment Fund, a supporting organization, is committed to backing a religious charity. Specifically, its mission is to accumulate funds for the future operations of the Dulles Area Muslim Society. By doing so, the Adams Endowment Fund aims to contribute to the long-term sustainability and growth of this religious organization. The funds collected by the Adams Endowment Fund will serve as a financial foundation, ensuring the continuation of the Dulles Area Muslim Society's religious and charitable activities for generations to come. This mission reflects a strong commitment to nurturing and preserving the spiritual well-being of the community served by the Dulles Area Muslim Society.
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Impact
October, 2024
Adams Endowment Fund Inc plays a crucial role in supporting the Dulles Area Muslim Society by collecting funds that ensure the sustainability and growth of its operations. This financial backing enables the organization to fulfill its mission of serving the community through religious programs, educational initiatives, and social services. By providing a stable source of funding, Adams Endowment Fund Inc significantly enhances the ability of the Dulles Area Muslim Society to address the needs of its members, promote community engagement, and foster a sense of belonging among individuals in the Sterling, VA area. Through its efforts, the fund positively impacts both the immediate community and the broader religious landscape.
This information is meant to be a general summary of Adams Endowment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,240
- Gross Receipts: $514,132
Assets and Liabilities:
- Total Assets: $7,527,752
- Total Liabilities: $700,000
- Net Assets: $6,827,752
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Organization Details
Founding Year
2006
Phone
(703) 447-6440Principal Officer
M Omar Ashraf
Main Address
46903 SUGARLAND ROAD, STERLING, VA, 20164
Website
www.adamsendowment.orgNTEE Category
Code: X11 - Religion related
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