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Zakaria Family Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$809k (2023)

Expenses
$789k (2023)

Total Assets
$7.56M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$808,988
Expenses
$788,616
Net Income
$20,372
Net Assets
$7,558,100
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,034
0.4%
Dividends $202,386
25.0%
Sales of Assets $595,524
73.6%
Other Income $8,044
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $673,805
85.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,558,100
Total Liabilities $0
Net Assets $7,558,100
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$774,365
Expenses
$854,661
Net Income
-$80,296
Net Assets
$7,540,427
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,487
0.2%
Dividends $166,626
21.5%
Sales of Assets $627,176
81.0%
Other Income -$20,924
Notable Expenses Percent of Total Expenses
Charitable Disbursements $740,761
86.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,540,427
Total Liabilities $0
Net Assets $7,540,427
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$217,989
Expenses
$703,001
Net Income
-$485,012
Net Assets
$7,612,372
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $63
0.0%
Dividends $157,481
72.2%
Sales of Assets $86,376
39.6%
Other Income -$25,931
Notable Expenses Percent of Total Expenses
Charitable Disbursements $593,515
84.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,612,372
Total Liabilities $0
Net Assets $7,612,372
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$213,492
Expenses
$637,365
Net Income
-$423,873
Net Assets
$8,099,348
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $440
0.2%
Dividends $161,151
75.5%
Sales of Assets $90,363
42.3%
Other Income -$38,462
Notable Expenses Percent of Total Expenses
Charitable Disbursements $524,697
82.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,099,349
Total Liabilities $1
Net Assets $8,099,348
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$866,154
Expenses
$633,575
Net Income
$232,579
Net Assets
$8,510,122
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $52
0.0%
Interest Revenue $4,212
0.5%
Dividends $170,492
19.7%
Sales of Assets $702,265
81.1%
Other Income -$10,867
Notable Expenses Percent of Total Expenses
Charitable Disbursements $528,488
83.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,510,123
Total Liabilities $1
Net Assets $8,510,122
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,036,166
Expenses
$618,401
Net Income
$417,765
Net Assets
$8,113,383
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,280
19.3%
Interest Revenue $2,522
0.2%
Dividends $163,226
15.8%
Sales of Assets $725,679
70.0%
Other Income -$55,541
Notable Expenses Percent of Total Expenses
Charitable Disbursements $504,236
81.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,113,383
Total Liabilities $0
Net Assets $8,113,383
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$477,782
Expenses
$559,279
Net Income
-$81,497
Net Assets
$7,810,771
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,277
0.7%
Dividends $150,175
31.4%
Sales of Assets $399,255
83.6%
Other Income -$74,925
Notable Expenses Percent of Total Expenses
Charitable Disbursements $438,500
78.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,810,771
Total Liabilities $0
Net Assets $7,810,771
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,320,010
Expenses
$330,415
Net Income
$989,595
Net Assets
$9,522,688
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $778,160
59.0%
Interest Revenue $6,777
0.5%
Dividends $173,587
13.2%
Sales of Assets $417,923
31.7%
Other Income -$56,437
Notable Expenses Percent of Total Expenses
Charitable Disbursements $231,400
70.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,522,688
Total Liabilities $0
Net Assets $9,522,688
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,659,795
Expenses
$181,356
Net Income
$1,478,439
Net Assets
$8,540,598
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $890,800
53.7%
Interest Revenue $13,558
0.8%
Dividends $215,376
13.0%
Sales of Assets $574,961
34.6%
Other Income -$34,900
Notable Expenses Percent of Total Expenses
Charitable Disbursements $83,000
45.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,540,598
Total Liabilities $0
Net Assets $8,540,598
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,832,409
Expenses
$292,925
Net Income
$1,539,484
Net Assets
$7,668,252
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $806,165
44.0%
Interest Revenue $2,272
0.1%
Dividends $102,917
5.6%
Sales of Assets $952,369
52.0%
Other Income -$31,314
Notable Expenses Percent of Total Expenses
Charitable Disbursements $215,475
73.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,668,252
Total Liabilities $0
Net Assets $7,668,252
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0
Ann Stock Zakaria (Trustee) $0 $0
Fareed Zakaria (Trustee) $0 $0
James Higgins (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$640,974
Expenses
$216,466
Net Income
$424,508
Net Assets
$6,627,988
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $396,659
61.9%
Interest Revenue $104
0.0%
Dividends $144,170
22.5%
Sales of Assets $100,041
15.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $174,874
80.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,627,988
Total Liabilities $0
Net Assets $6,627,988
Compensation
Key Employees and Officers Compensation Other
Arshad Zakaria (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,426,860
Expenses
$226,402
Net Income
$1,200,458
Net Assets
$5,733,350
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $208,896
14.6%
Interest Revenue $134
0.0%
Dividends $175,242
12.3%
Sales of Assets $1,042,588
73.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $171,000
75.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,733,351
Total Liabilities $1
Net Assets $5,733,350

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$497,350
Expenses
$230,491
Net Income
$266,859
Net Assets
$4,785,063
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $322,622
64.9%
Interest Revenue $752
0.2%
Dividends $173,976
35.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $210,000
91.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,785,063
Total Liabilities $0
Net Assets $4,785,063

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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