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Waqf Endowment Fund

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: Religion-Related, Spiritual Development / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$65.5k (2023)

Expenses
$157k (2023)

Total Assets
$10.3M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2010 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
$65,495
Expenses
$156,512
Net Income
-$91,017
Net Assets
$10,299,293
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $12,216
18.7%
Dividends $53,279
81.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $138,158
88.3%
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 $10,299,293
Total Liabilities $0
Net Assets $10,299,293
Compensation
Key Employees and Officers Compensation Other
Amre Youness (Director) $0 $0
Hala Alfi (Chairman) $0 $0
Ahmed Alfi (Director) $0 $0
Iman Eletreby (Secretary) $0 $0
Vedad Zaimovic (Cfo) $0 $0
Aqueela Jaffer (Vice Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$55,779
Expenses
$155,495
Net Income
-$99,716
Net Assets
$10,416,040
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,778
3.2%
Dividends $54,001
96.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,703
23.0%
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 $10,416,040
Total Liabilities $0
Net Assets $10,416,040
Compensation
Key Employees and Officers Compensation Other
Amre Youness (Director) $0 $0
Magdy El Etreby (Chairman) $0 $0
Ahmed Alfi (Director) $0 $0
Hala Alfi (Secretary) $0 $0
Abdelhamid Youness (Director) $0 $0
Aqueela Jaffer (Vice Chairman) $0 $0
Vedad Zaimovic (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$69,939
Expenses
$151,779
Net Income
-$81,840
Net Assets
$10,521,172
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,306
1.9%
Dividends $68,504
97.9%
Sales of Assets $0
Other Income $129
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $122,792
80.9%
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 $10,521,172
Total Liabilities $0
Net Assets $10,521,172
Compensation
Key Employees and Officers Compensation Other
Amre Youness (Director) $0 $0
Magdy El Etreby (Chairman) $0 $0
Ahmed Alfi (Director) $0 $0
Hala Alfi (Secretary) $0 $0
Abdelhamid Youness (Director) $0 $0
Aqueela Jaffer (Vice Chairman) $0 $0
Vedad Zaimovic (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$56,273
Expenses
$345,558
Net Income
-$289,285
Net Assets
$10,527,553
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,587
6.4%
Dividends $52,569
93.4%
Sales of Assets $0
Other Income $117
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $321,104
92.9%
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 $10,527,554
Total Liabilities $1
Net Assets $10,527,553
Compensation
Key Employees and Officers Compensation Other
Amre Youness (Director) $0 $0
Magdy El Etreby (Chairman) $0 $0
Ahmed Alfi (Director) $0 $0
Hala Alfi (Secretary) $0 $0
Abdelhamid Youness (Director) $0 $0
Aqueela Jaffer (Vice Chairman) $0 $0
Vedad Zaimovic (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,741
Expenses
$137,185
Net Income
-$72,444
Net Assets
$10,754,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $63,880
98.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $861
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,754,499
Total Liabilities $0
Net Assets $10,754,499
Compensation
Key Employees and Officers Compensation Related Other
Amre Youness (Director) $0 $0 $0
Magdy El Etreby (Chairman) $0 $0 $0
Ahmed Alfi (Director) $0 $0 $0
Hala Alfi (Secretary) $0 $0 $0
Abdelhamid Youness (Director) $0 $0 $0
Aqueela Jaffer (Vice Chairwoman) $0 $0 $0
Vedad Zaimovic (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$256,436
Expenses
$137,310
Net Income
$119,126
Net Assets
$10,826,943
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,250
0.5%
Program Services $0
Investment Income $67,322
26.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $187,864
73.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,826,943
Total Liabilities $0
Net Assets $10,826,943
Compensation
Key Employees and Officers Compensation Related Other
Amre Youness (Director) $0 $0 $0
Magdy El Etreby (Chairman) $0 $0 $0
Ahmed Alfi (Director) $0 $0 $0
Hala Alfi (Secretary) $0 $0 $0
Abdelhamid Youness (Director) $0 $0 $0
Aqueela Jaffer (Vice Chairwoman) $0 $0 $0
Vedad Zaimovic (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,927
Expenses
$72,173
Net Income
$28,754
Net Assets
$10,707,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $64,879
64.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $36,048
35.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,707,817
Total Liabilities $0
Net Assets $10,707,817
Compensation
Key Employees and Officers Compensation Related Other
Amre Youness (Director) $0 $0 $0
Magdy El Etreby (Chairman) $0 $0 $0
Ahmed Alfi (Director) $0 $0 $0
Hala Alfi (Secretary) $0 $0 $0
Abdelhamid Youness (Director) $0 $0 $0
Aqueela Jaffer (Vice Chairwoman) $0 $0 $0
Vedad Zaimovic (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,172
Expenses
$133,353
Net Income
-$75,181
Net Assets
$10,679,063
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $64,065
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,893
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,679,063
Total Liabilities $0
Net Assets $10,679,063
Compensation
Key Employees and Officers Compensation Related Other
Omar Alfi (Pres./Director) $0 $0 $0
Amre Youness (Director) $0 $0 $0
Magdy El Etreby (Chairman) $0 $0 $0
Ahmed Alfi (Director) $0 $0 $0
Hala Alfi (Secretary) $0 $0 $0
Abdelhamid Youness (Director) $0 $0 $0
Aqueela Jaffer (Vice Chairwoman) $0 $0 $0
Vedad Zaimovic (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$29,558
Expenses
$101,936
Net Income
-$131,494
Net Assets
$10,754,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $54,075
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$83,633
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,754,244
Total Liabilities $0
Net Assets $10,754,244
Compensation
Key Employees and Officers Compensation Related Other
Omar Alfi (Pres./Director) $0 $0 $0
Amre Youness (Director) $0 $0 $0
Magdy El Etreby (Chairman) $0 $0 $0
Ahmed Alfi (Director) $0 $0 $0
Hala Alfi (Secretary) $0 $0 $0
Abdelhamid Youness (Director) $0 $0 $0
Aqueela Jaffer (Vice Chairwoman) $0 $0 $0
Vedad Zaimovic (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$665,712
Expenses
$89,800
Net Income
-$755,512
Net Assets
$10,885,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,000
Program Services $0
Investment Income $2,233
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$767,945
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,885,738
Total Liabilities $0
Net Assets $10,885,738
Compensation
Key Employees and Officers Compensation Related Other
Omar Alfi (Pres./Director) $0 $0 $0
Amre Youness (Cfo/Director) $0 $0 $0
Magdy El Etreby (Sec'y/Director) $0 $0 $0
Ahmed Alfi (Director) $0 $0 $0
Maher Hathout (Director) $0 $0 $0
Abdelhamid Youness (Chairman/Director) $0 $0 $0
Aqueela Jaffer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,294
Expenses
$73,072
Net Income
-$70,778
Net Assets
$11,641,250
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,294
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,641,250
Total Liabilities $0
Net Assets $11,641,250

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,389,655
Expenses
$47,427
Net Income
$2,342,228
Net Assets
$11,712,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,337,723
97.8%
Program Services $0
Investment Income $16,334
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,598
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,712,029
Total Liabilities $0
Net Assets $11,712,029

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,477
Expenses
$106,450
Net Income
-$94,973
Net Assets
$9,369,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11,477
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,369,801
Total Liabilities $0
Net Assets $9,369,801

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,480
Expenses
$62,227
Net Income
-$6,747
Net Assets
$9,464,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
18.0%
Program Services $0
Investment Income $18,510
33.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,970
48.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,464,774
Total Liabilities $0
Net Assets $9,464,774

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

Fiscal Year Ending Dec.
2006

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.
2005

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.
2004

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.
2003

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.
2002

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.
2001

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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