2024-10-22T15:45:24-05:00 2023-12-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2023-01-01 412046295 THE CITIZENS FOUNDATION USA CITI 8887293022 2900 WILCREST DR 225 HOUSTON TX 77042 ARIF GAFUR PRESIDENT & DIRECTOR 8887293022 2024-10-22 1 1 RANDY L WALKER CPA P00963779 2103669430 2023 2024-10-15 13:58:12Z ARIF GAFUR 2900 WILCREST DR 225 HOUSTON TX 77042 19243847 0 X WWW.TCFUSA.ORG X 2002 IL TCF, USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY. 14 14 14 378 0 0 20640372 18084192 0 0 50185 219173 0 0 20690557 18303365 19546821 15866542 0 0 936213 1116631 0 0 1829723 1071293 971151 21554327 17954324 -863770 349041 6751837 7196585 95313 135786 6656524 7060799 X TCF-USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE GENDER EQUALITY. AN ALL-FEMALE FACULTY ENCOURAGES PARENTS TO ENROLL THEIR GIRLS, WHILE SIMULTANEOUSLY CREATING EMPLOYMENT OPPORTUNITIES AS TEACHERS AND PRINCIPALS FOR THOUSANDS OF WOMEN. TCF GRADUATES ARE PROVIDED SUPPORT FOR COLLEGE AND VOCATIONAL TRAINING. 0 0 10361445 10361445 ANNUAL OPERATING EXPENSES OF SCHOOLS:IN 2023, TCF-USA RAISED $7.96M FROM USA DONORS FOR THE OPERATIONAL SUPPORT OF TCF PAKISTAN SCHOOLS IN PAKISTAN, INCLUDING MULTIYEAR SUPPORT, EDUCATING UNDERPRIVILEGED CHILDREN. OPERATIONAL EXPENSES OF RUNNING THE SCHOOL EFFICIENTLY WITH A PRINCIPAL, TRAINED TEACHERS, AND ADMIN STAFF IS COVERED BY THE SUPPORT, INCLUDING THE PICK AND DROP OF FEMALE TEACHERS TO TCF PAKISTAN SCHOOLS LOCATED, MAINLY, IN DIFFICULT TO ACCESS AREAS OF THE CITIES OR VILLAGES.HIGHER EDUCATION SCHOLARSHIPS WORTH $0.94M WERE ALSO PROVIDED TO SUPPORT STUDENTS WHO GRADUATE TCF SCHOOLS TO ENCOURAGE THEM TO PURSUE HIGHER EDUCATION. THESE SCHOLARSHIPS INCENTIVIZE STUDENTS AND, BOOSTS SELF-CONFIDENCE AND OPEN DOORS TO PROMISING OPPORTUNITIES. THESE AWARDED STUDENTS BECOME ROLE MODELS NOT ONLY WITHIN THEIR OWN FAMILIES AND SCHOOLS, BUT WITHIN THE COMMUNITIES. 4675691 4596216 CAMPUS CONSTRUCTION: IN 2023, TCF-USA SUPPORTED BUILDING NEW PRIMARY AND SECONDARY SCHOOL UNITS BY RAISING FUNDS AMOUNTING TO $4.60M. THIS HELPED CREATE EDUCATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED CHILDREN IN THE MOST IMPOVERISHED AND REMOTE REGIONS OF PAKISTAN. EACH OF THESE SCHOOLS HAS A CAPACITY OF 180 STUDENTS. TCF-USA ALSO CONVERTED 8 SCHOOLS TO SOLAR ENERGY TO PROVIDE LONG-TERM SUSTAINABILITY BENEFITING THE ENVIRONMENT. 908881 908881 ENDOWMENTS FOR FUTURE OPERATION OF SCHOOLS: TCF-USA SUPPORTS THE EFFORTS OF TCF PAKISTAN BY CONTRIBUTING TOWARDS THE ENDOWMENT OF TCF-USA BUILT SCHOOLS. IN 2023, TCF-USA RAISED $909K UNDER ENDOWMENT FUNDS. THIS ENSURES LONG-TERM SUSTAINABILITY FOR TCF PAKISTAN SCHOOLS AND HELPS US TO CONTINUE, YEAR AFTER YEAR, TO PROVIDE QUALITY EDUCATION TO THE UNDERPRIVILEGED CHILDREN. 15946017 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA GA MD OR KS MA MN NJ NY WI PA TN IL CO MS DC X X X SYED SALMAN HASAN 8887293022 2900 WILCREST DR 225 HOUSTON TX 77042 JAWAID EKRAM DIRECTOR 10.00 X 0 0 0 MASOOMA BHAIWALA DIRECTOR 1.00 X 0 0 0 ABDULLAH JAFARI DIRECTOR 40.00 X 0 0 0 SHIMMI KIDWAI DIRECTOR 10.00 X 0 0 0 AZHAR HAMEED DIRECTOR 1.00 X 0 0 0 EJAZ A SHAMEEM DIRECTOR 1.00 X 0 0 0 KASHMALA SHARIF DIRECTOR 2.00 X 0 0 0 HAROON ISMAIL DIRECTOR 1.00 X 0 0 0 ADIL NAJAM DIRECTOR 2.00 X 0 0 0 SALMAN ZAFAR DIRECTOR 2.00 X 0 0 0 HAJI MODY DIRECTOR 2.00 X 0 0 0 ARIF GAFUR PRESIDENT & DIRECTOR 40.00 X X 0 0 0 SOHAIB ANWER SECRETARY & DIRECTOR 4.00 X X 0 0 0 FARAZ KHAN TREASURER & DIRECTOR 4.00 X X 0 0 0 SYED SALMAN HASAN CHIEF EXECUTIVE OFFICER 40.00 X 0 0 135660 FAKHIA RASHID CHIEF OPERATING OFFICER 40.00 X 101112 0 0 KIRAN ZOHAIB FINANCE MANAGER [THRU 11/23] 40.00 X 57033 0 0 DANIAL NOORANI DIRECTOR DEVELOPMENT 40.00 X 58615 0 0 216760 0 135660 1 0 0 0 0 4339291 13744901 471210 18084192 219173 219173 940482 4339291 940482 0 18303365 0 0 219173 15866542 15866542 352421 24670 35242 292509 689942 49145 66584 574213 74268 5660 10345 58263 136173 30094 106079 314452 314452 136500 2651 133849 45869 6745 39124 3202 3147 55 36476 5188 31288 6885 6871 14 2859 2859 11308 8385 2923 CONTRIBUTIONS PROC. FEE 194127 194127 PRINTING, POSTAGE AND D 82718 11 82707 MEALS AND ENTERTAINMENT 582 462 120 17954324 15946017 178584 1829723 481259 124052 5600602 6422910 154440 102757 36480 34345 4994 2135 340151 359152 119026 177547 51365 8032 6751837 7196585 95313 135786 95313 135786 X 4298583 5399702 2357941 1661097 6656524 7060799 6751837 7196585 349041 55234 0 X X 0 1 X 1 0 X 11059741 15132430 19826048 20640372 18084192 84742783 11059741 15132430 19826048 20640372 18084192 84742783 5296456 79446327 51626 22963 90476 50185 219173 434423 85177206 0.93270 0.92590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 613177 77522 690699 693160 -79983 613177 613874 79286 693160 571497 42377 613874 502110 69387 571497 0.89141 0.10859 0.00000 1 0 30986 28851 2135 5494 5494 0 2135 X 18388974 55234 30375 85609 18303365 0 18303365 17984699 30375 30375 17954324 0 17954324 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF INVESTMENT FUNDS ESTABLISHED FOR SUPPORTING ONGOING OPERATIONS AND MAINTENANCE OF SCHOOLS BUILT IN THE AREA IMPACTED BY THE 2005 EARTHQUAKE IN PAKISTAN. INVESTMENT AND SPENDING POLICY. THE ORGANIZATION HAS ADOPTED INVESTMENT POLICIES, APPROVED BY THE BOARD OF DIRECTORS AND AUDIT AND FINANCE COMMITTEE, FOR ENDOWMENT ASSETS. THE ORGANIZATION WILL INVEST ONLY IN LOW-RISK, CONSERVATIVE INVESTMENT VEHICLES IN ORDER TO MAINTAIN THE PURCHASING POWER OF CURRENT ASSETS AND FUTURE CONTRIBUTIONS IN RELATION TO COST INCREASES AND INFLATION AND MAXIMIZE RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK. INVESTMENT ASSETS ARE INVESTED IN A WELL-DIVERSIFIED ASSET MIX, WHICH INCLUDES EQUITY AND DEBT SECURITIES THAT ARE MANAGED BY THE ORGANIZATION'S AUDIT AND FINANCE COMMITTEE TO PREVENT EXPOSING THE FUND TO UNACCEPTABLE LEVELS OF RISK. WITH REGARDS TO RETURNS ON ENDOWMENTS, THE ORGANIZATION HAS ADOPTED A SPENDING POLICY WHICH WILL APPLY TO ALL ENDOWED FUNDS UNLESS A PARTICULAR DONOR HAS OTHERWISE STIPULATED SPENDING RESTRICTIONS. THE ORGANIZATION WILL NOT SPEND RETURNS FROM THE ENDOWMENT IF IT FALLS BELOW THE ORIGINAL ENDOWMENT AMOUNT. MANAGEMENT, WITH APPROVAL FROM THE AUDIT AND FINANCE COMMITTEE, HAS DISCRETION OVER HOW AND WHETHER OR NOT SURPLUS RETURNS ARE USED. PART X, LINE 2: THE ORGANIZATION APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TOPIC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURES AND TRANSITION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 1 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 2 PROGRAM SERVICES BUILDING & OPERATING; SCHOOLS (KG-10); CONSTRUCTION, OPERATION, ENDOWMENTS 15791189 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 7 CENTRAL OFFICE FOR MANAGEMENT AND OPERATIONS OPERATIONS EXPENSES 449820 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT AND PROJECT NORTHSTAR 75353 2 9 0 0 2 9 16316362 0 16316362 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL CONSTRUCTION 4596216 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL OPERATION 8539368 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, DISASTER RELIEF 730642 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL ENDOWMENT 908881 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOLARSHIPS 939582 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, VOCATIONAL TRAINING 76500 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROJECT NORTHSTAR 17501 WIRE TRANSFER 0 2 0 PROJECT NORTHSTAR EUROPE (INCLUDING ICELAND & GREENLAND) 1 57852 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: THE CITIZENS FOUNDATION, USA (TCF-USA) MAINTAINS A HIGH LEVEL OF TRANSPARENCY IN ALL ITS FINANCIAL AND GOVERNANCE DEALINGS AND ADHERES TO A STRICT "DUE DILIGENCE" PROCESS. TO ADDRESS THE US GOVERNMENT'S CONCERN REGARDING ENHANCED SCRUTINY FOR FUNDS THAT GO OUTSIDE THE U.S., ALL RECIPIENTS OF TCF-USA FUNDS HAVE BEEN SELECTED BASED ON THE SECULAR AND SCIENTIFIC EDUCATION THEY ARE PROVIDING TO NEEDY CHILDREN IN SOUTH ASIA. TCF-USA TAKES THE FOLLOWING STEPS FOR DUE DILIGENCE: - COMPLETE BACKGROUND CHECK FOR THE GRANTEE ORGANIZATION'S BOARD AND STAFF MEMBERS USING OFAC LIST. THIS CHECK IS MADE PRIOR TO GRANTING ANY FUNDS. -HIRES AN INDEPENDENT 3RD PARTY AUDITOR TO CONDUCT AUDITS OF TCF USA SCHOOLS TO ENSURE OPERATING STANDARDS AND QUALITY OF SCHOOLS ARE MAINTAINED. - FOR PROJECT-RELATED GRANTS, OBTAIN A DETAILED PROPOSAL WITH TIMELINES AND PERIODIC UPDATES UNTIL COMPLETION. - OBTAINS AUDITED ANNUAL REPORTS. ALL TCF SCHOOLS ARE INTERNALLY AUDITED AT LEAST ONCE EACH YEAR AND TCF ACCOUNTS ARE AUDITED BY CHARTERED ACCOUNTING FIRMS OF INTERNATIONAL REPUTE. - OBTAINS BY-LAWS AND ARTICLES OF INCORPORATION OF GRANTEE ORGANIZATION. - SUBMISSION OF ACCEPTANCE AND SIGNED AGREEMENT AS PART OF THE GRANT LETTER BY THE CHIEF EXECUTIVE OFFICER OF THE GRANTEE ORGANIZATION COMPLYING WITH TERMS REGARDING PURPOSE, PUBLICITY, REPORTING, ACCOUNTS, PROHIBITED ACTIVITIES, OVERSIGHT AND COMPLIANCE. - TCF SCHOOLS ARE VISITED PERIODICALLY BY MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT OF TCF-USA AS WELL AS USA DONORS. PART III, COL (C): ACTUAL NUMBER OF RECIPIENTS USED. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (A) REGION: SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, PAKISTAN, AND SRI LANKA. SCHEDULE F, PART I, LINE 1 TCF USA REQUIRES TCF PK TO SUBMIT A FORMAL PROPOSAL WHICH INCLUDES THE PURPOSE OF THE GRANT (EXAMPLES ARE BUILDING A SCHOOL, OPERATING COSTS OF A SCHOOL AND TERTIARY EDUCATION OF INDIVIDUAL STUDENTS). FOR A PROPOSAL TO BUILD A SCHOOL, TCF PAKISTAN IDENTIFIES THE AREA WHERE THE SCHOOL WILL BE BUILT AND THE DEMOGRAPHICS OF THE AREA (INCOME LEVEL, LITERACY LEVEL ETC.) TO DETERMINE THE NEED. ALL OF THE SCHOOLS ARE BUILT IN URBAN SLUMS AND POOR RURAL AREAS. FOR A TERTIARY EDUCATION SCHOLARSHIP PROPOSAL, TCF-USA IS PROVIDED WITH A PROPOSAL WHICH PROVIDES THE SPECIFICS FOR EACH STUDENT TO INCLUDE NAME, FAMILY INCOME, FAMILY COMPOSITION AND FAMILY NEED. ALL GRANTS ARE MADE FOR SPECIFIC PURPOSES, SUPPORTED BY PROPOSALS AND HAVE A FORMAL REPORTING REQUIREMENT. THE RECIPIENT ORGANIZATION IS REQUIRED TO SIGN A GRANT LETTER WHICH SPECIFIES BOTH THE PURPOSE OF EACH GRANT AND THE REPORTING REQUIREMENT. RECORDS OF PROPOSALS AND REPORTS ARE AVAILABLE UPON REQUEST. SPECIAL EVENTS 5279773 4339291 940482 940482 5279773 4339291 940482 940482 940482 0 X 28 471210 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE CITIZENS FOUNDATION, USA (TCF-USA) IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION THE CITIZENS FOUNDATION, USA 2900 WILCREST DR., SUITE 225 HOUSTON, TX 77042 EMPLOYER IDENTIFICATION NUMBER: 41-2046295 FOR THE YEAR ENDING DECEMBER 31, 2023 THE CITIZENS FOUNDATION, USA IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263 A)-1(F). FORM 990, PART VI, SECTION A, LINE 6 THE CITIZENS FOUNDATION, USA HAS AN INDEPENDENT BOARD OF GOVERNING BODY, SEE 990 PART VII. THE BOARD ELECTS ONE OR MORE OTHER QUALIFIED MEMBERS FROM VARIOUS SOURCES. ALL DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MAJORITY OF VOTES OF THE MEMBERS IN THE BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD SHALL BY MAJORITY VOTE DESIGNATE A GOVERNANCE & NOMINATING COMMITTEE OF THREE OR MORE MEMBERS, COMPRISING OF AT LEAST TWO DIRECTORS OF THE BOARD. THE GOVERNANCE & NOMINATING COMMITTEE SHALL SUBMIT A SLATE OF CANDIDATES TO THE BOARD FOR ACCEPTANCE AT A REGULAR MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CEO, TREASURER AND FINANCE & AUDIT COMMITTEE AND CIRCULATED TO BOARD MEMBERS PRIOR TO FINAL SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C THE CITIZENS FOUNDATION HAS INCORPORATED ITS CONFLICT OF INTEREST POLICY IN ARTICLE 9 OF ITS BYLAWS. THE CEO MONITORS THE COMPLIANCE AND ENFORCEMENT OF THE POLICY BY KEY EMPLOYEES, AND THE BOARD PRESIDENT MONITORS AND ENFORCES COMPLIANCE BY THE DIRECTORS, IN ACCORDANCE WITH THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 15 THE CITIZENS FOUNDATION, USA [TCF-USA] BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THEIR CEO AND OTHER KEY EMPLOYEES. TCF-USA USES NON-PROFIT INDUSTRY SALARY BENCHMARKING STUDIES TO ESTABLISH COMPENSATIONS FOR ALL EMPLOYEES. THEY ALSO KEEP CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE CITIZENS FOUNDATION, USA [TCF-USA] MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS CORPORATE OFFICE. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR.