HABIB UNIVERSITY FOUNDATION US: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HABIB UNIVERSITY FOUNDATION US (EIN 45-3218399)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-10
IRS object ID
202233149349306723
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-10T16:07:14-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131655065PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUTZ AND CARR CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1551 FIFTH AVENUE SUITE 400AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10176ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453218399EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HABIB UNIVERSITY FOUNDATION US INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHABIBusinessNameControlTxt
Phone2034442692PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113 LINDEN STREETAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06511ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonARVID NELSONPersonNm
Person TitleSECRETARY/TREASURERPersonTitleTxt
Phone2034442692PhoneNum
Signature2022-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstARVIDPersonFirstNm
Person LastNELSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRIS BELLANDOPreparerPersonNm
PTINP00541714PTIN
Phone2126972299PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerARVID NELSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113 LINDEN STREETAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06511ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$394,253GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHUFUS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionHUFUS' MISSION IS TO SUPPORT HIGHER EDUCATION IN PAKISTAN THROUGH SUPPORT OF HABIB UNIVERSITY, PAKISTAN'S FIRST NOT-FOR-PROFIT, LIBERAL ARTS AND SCIENCES UNIVERSITY AND A UNIQUE EXAMPLE OF AMERICAN EDUCATION TRADITION AND QUALITY IN PAKISTAN. HABIB UNIVERSITY ALSO FOLLOWS U.S. PRACTICE IN OFFERING OPPORTUNITIES TO YOUNG MEN AND WOMEN OF EXCEPTIONAL PROMISE FROM DISADVANTAGED ECONOMIC BACKGROUNDS: SCHOLARSHIPS AND FINANCIAL AID ARE GRANTED TO 90% OF ITS STUDENTS.HUFUS BELIEVES THE EDUCATION OF YOUNG MEN AND WOMEN, PARTICULARLY THOSE FOR WHOM OPPORTUNITY AND HOPE HAVE TRADITIONALLY BEEN DENIED, IS ESSENTIAL TO BUILDING A STABLE AND LIBERAL SOCIETY IN PAKISTAN AND CRUCIAL TO PAKISTAN'S EMERGENCE AS A RELIABLE MEMBER OF THE INTERNATIONAL COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$877,172PYContributionsGrantsAmt
CY Contributions Grants$373,537CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$62,621PYInvestmentIncomeAmt
CY Investment Income$20,716CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$939,793PYTotalRevenueAmt
CY Total Revenue$394,253CYTotalRevenueAmt
PY Grants And Similar Paid$2,044,605PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$198,082CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$87,401CYTotalFundraisingExpenseAmt
PY Other Expenses$37,745PYOtherExpensesAmt
CY Other Expenses$115,140CYOtherExpensesAmt
PY Total Expenses$2,082,350PYTotalExpensesAmt
CY Total Expenses$313,222CYTotalExpensesAmt
PY Revenues Less Expenses-$1,142,557PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$81,031CYRevenuesLessExpensesAmt
Total Assets BOY$4,345,643TotalAssetsBOYAmt
Total Assets EOY$4,514,075TotalAssetsEOYAmt
Total Liabilities BOY$11,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$87,401TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,334,643NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,426,674NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHUFUS' MISSION IS TO SUPPORT HIGHER EDUCATION IN PAKISTAN THROUGH SUPPORT OF HABIB UNIVERSITY, PAKISTAN'S FIRST NOT-FOR-PROFIT, LIBERAL ARTS AND SCIENCES UNIVERSITY AND A UNIQUE EXAMPLE OF AMERICAN EDUCATION TRADITION AND QUALITY IN PAKISTAN. HABIB UNIVERSITY ALSO FOLLOWS U.S. PRACTICE IN OFFERING OPPORTUNITIES TO YOUNG MEN AND WOMEN OF EXCEPTIONAL PROMISE FROM DISADVANTAGED ECONOMIC BACKGROUNDS: SCHOLARSHIPS AND FINANCIAL AID ARE GRANTED TO 90% OF ITS STUDENTS.HUFUS BELIEVES THE EDUCATION OF YOUNG MEN AND WOMEN, PARTICULARLY THOSE FOR WHOM OPPORTUNITY AND HOPE HAVE TRADITIONALLY BEEN DENIED, IS ESSENTIAL TO BUILDING A STABLE AND LIBERAL SOCIETY IN PAKISTAN AND CRUCIAL TO PAKISTAN'S EMERGENCE AS A RELIABLE MEMBER OF THE INTERNATIONAL COMMUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$198,082ExpenseAmt
Grant$198,082GrantAmt
DescHABIB UNIVERSITY FOUNDATION U.S. INC. ORGANIZES AND DEVELOPS PROGRAMS IN THE UNITED STATES OF AMERICA AND PAKISTAN CONCERNING EDUCATION AND RESEARCH IN PAKISTAN, INCLUDING ASSISTING IN THE DESIGN OF THE ACADEMIC STRUCTURE AND PROGRAMS OF HABIB UNIVERSITY AND FUNDING THE ENGAGEMENT OF HIGH QUALITY PROFESSORS AND LECTURERS FOR THE UNIVERSITY AND IN THIS REGARD WORKING TOGETHER WITH HABIB UNIVERSITY FOUNDATION IN PAKISTAN AND UNIVERSITIES IN THE UNITED STATES OF AMERICA. HUFUS CONTRIBUTES FINANCIALLY TOWARDS HELPING THE HABIB UNIVERSITY IN MEETING ITS OBJECTIVE OF PROVIDING SCHOLARSHIP AND FINANCIAL AID TO STUDENTS OF THE UNIVERSITY AS WELL AS TO HELP WITH THE OPERATING DEFICITS OF THE UNIVERSITY.Desc
Total Program Service Expenses$198,082TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARVID NELSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2034442692PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113 LINDEN STREETAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06511ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DR AZRA RAZA
CHAIR1.00Yes (X)Yes (X)$0$0$0
IMRAN HABIB
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
ARVID NELSON
SECRETARY/ TREASURER1.00Yes (X)Yes (X)$0$0$0
SHOUKAT ALI DHANANI
DIRECTOR1.00Yes (X)$0$0$0
SALEEM IQBAL
DIRECTOR1.00Yes (X)$0$0$0
WASIF A RIZVI
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$192,411FundraisingAmt
All Other Contributions$181,126AllOtherContributionsAmt
Total Contributions$373,537TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,716TotalRevenueColumnAmt
Exclusion$20,716ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$192,411ContriRptFundraisingEventAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$394,253TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$20,716ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$198,082TotalAmt
Program Services$198,082ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,519TotalAmt
Management And General$3,519ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,809TotalAmt
Management And General$12,809ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
INDIRECT BENEFIT EXPENS$87,401$87,401
OTHER EXPENSES$11,411$11,411

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$313,222TotalAmt
Program Services$198,082ProgramServicesAmt
Management And General$27,739ManagementAndGeneralAmt
Fundraising$87,401FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$781,976BOYAmt
EOY$254,693EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,563,667BOYAmt
EOY$4,259,382EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,345,643BOYAmt
EOY$4,514,075EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,000BOYAmt
EOY$87,401EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,000BOYAmt
EOY$87,401EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$220,530BOYAmt
EOY$461,019EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,114,113BOYAmt
EOY$3,965,655EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,334,643BOYAmt
EOY$4,426,674EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,345,643BOYAmt
EOY$4,514,075EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$81,031ReconcilationRevenueExpnssAmt
Prior Period Adjustments$11,000PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,800CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,015,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,661,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$877,172CurrentTaxYearMinus1YearAmt
Current Tax Year$373,537CurrentTaxYearAmt
Total$6,929,259TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,800CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,015,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,661,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$877,172CurrentTaxYearMinus1YearAmt
Current Tax Year$373,537CurrentTaxYearAmt
Total$6,929,259TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,543,260SubstantialContributorsTotAmt
Public Support Total170$1,385,999PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$54,780CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$62,621CurrentTaxYearMinus1YearAmt
Current Tax Year$20,716CurrentTaxYearAmt
Total$138,117TotalAmt
FieldValueIRS element (for citing)
Total Support$7,067,376TotalSupportAmt
Public Support CY1700.19610PublicSupportCY170Pct
Public Support PY1700.14580PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestHUFUS WAS ESTABLISHED TO SUPPORT HIGHER EDUCATION IN PAKISTAN THROUGH THE SUPPORT OF HABIB UNIVERSITY. HUFUS QUALIFIES AS A PUBLICLY SUPPORTED CHARITY DESCRIBED IN INTERNAL REVENUE CODE SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) BECAUSE IT MEETS THE 10% FACTS AND CIRCUMSTANCES TEST SET FORTH IN TREASURY REGULATION SECTION 1.170A-9(F)(3) FOR THE 2021 TAX YEAR.PUBLIC SUPPORT: THE PERCENTAGE OF SUPPORT NORMALLY RECEIVED BY HUFUS FROM CONTRIBUTIONS MADE DIRECTLY OR INDIRECTLY BY THE GENERAL PUBLIC, INCLUDING CONTRIBUTIONS BY OTHER PUBLICLY SUPPORTED ORGANIZATIONS, EQUALS AT LEAST 10% OF THE TOTAL SUPPORT RECEIVED BY HUFUS. FOR OUR 2021 TAXABLE YEAR, HUFUS HAS A PUBLIC SUPPORT PERCENTAGE OF 19.61%.HUFUS HAS INSTITUTED A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY. HUFUS SEEKS FUNDING FROM A WIDE RANGE OF SOURCES, FOCUSING ON THOSE MOST INTERESTED IN SUPPORTING THE GOAL OF SUPPORTING HIGHER EDUCATION IN PAKISTAN.FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$394,253TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$394,253RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$394,253TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$313,222TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$313,222ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$313,222TotalExpensesPerForm990Amt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionSOUTH ASIARegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedGRANTSTypeOfActivitiesConductedTxt
Specific Services ProvidedGRANTS SUPPORTING RECIPIENTS IN THE REGIONSpecificServicesProvidedTxt
Region Total Expenditures$198,082RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$198,082SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$198,082TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionSOUTH ASIARegionTxt
Purpose Of GrantTO SUPPORT FACULTY AND ACADEMIC DEVELOPMENTPurposeOfGrantTxt
Cash Grant$198,082CashGrantAmt
Manner Of Cash DisbursementWIREMannerOfCashDisbursementTxt
Non Cash Assistance$0NonCashAssistanceAmt
FieldValueIRS element (for citing)
Total Other Org1TotalOtherOrgCnt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III ACCOUNTING METHOD:FormAndLineReferenceDesc

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BENEFIT EVENTEvent1Nm
Gross Receipts Event1$192,411GrossReceiptsEvent1Amt
Charitable Contri Event1$192,411CharitableContriEvent1Amt
Gross Receipts Total$192,411GrossReceiptsTotalAmt
Charitable Contributions Tot$192,411CharitableContributionsTotAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2ARVID NELSON AND SALEEM IQBAL ARE ON THE BOARD OF HAB BANK, NEW YORK. IMRAN HABIB HAS A FAMILIAL RELATIONSHIP WITH THE FOUNDERS OF HABIB UNIVERSITY, AND IS AN OFFICER OF HAB BANK, NEW YORK.
FORM 990, PART VI, SECTION B, LINE 11BTHE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION REVIEWS ANNUAL STATEMENTS AND TAKES OTHER SUCH ACTIONS AS NECESSARY FOR EFFECTIVE OVERSIGHT.
FORM 990, PART VI, SECTION C, LINE 19AVAILABLE UPON REQUEST.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.