2025-09-05T14:20:15-05:00 2024-12-31 134255527 CALVETTI FERGUSON 250 W NOTTINGHAM DRIVE SUITE 100 SAN ANTONIO TX 78209 990 2024-01-01 412046295 THE CITIZENS FOUNDATION USA CITI 9723755227 2900 WILCREST DR 225 HOUSTON TX 77042 FARAZ KHAN PRESIDENT 9723755227 2025-09-02 1 1 KIMIKO BACA P01268795 2105363200 2024 2025-03-06 01:10:19Z FARAZ KHAN 2900 WILCREST DR 225 HOUSTON TX 77042 22819470 0 X WWW.TCFUSA.ORG X 2002 IL TCF, USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. -SEE SCHEDULE O THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY. 14 14 13 378 0 0 18084192 21435979 0 0 219173 267165 0 0 18303365 21703144 15866542 17599621 0 0 1116631 1199102 0 0 1846513 971151 1242537 17954324 20041260 349041 1661884 7196585 9144565 135786 380372 7060799 8764193 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 13985977 13947434 ANNUAL OPERATING EXPENSES OF SCHOOLS:IN 2024, TCF-USA PROVIDED OPERATIONAL SUPPORT FOR 534 TCF SCHOOLS. THIS SUPPORT ENABLED THE PROVISION OF QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN ACROSS PAKISTAN. OPERATIONAL EXPENSES COVERED THE EFFECTIVE FUNCTIONING OF SCHOOLS, INCLUDING SALARIES FOR PRINCIPALS, TRAINED TEACHERS, AND ADMINISTRATIVE STAFF. FUNDING ALSO SUPPORTED TRANSPORTATION SERVICES, PARTICULARLY FOR FEMALE TEACHERS, SERVING IN REMOTE AND UNDERSERVED AREAS. ADDITIONALLY, HIGHER EDUCATION SCHOLARSHIPS TOTALING $1.33 MILLION WERE AWARDED TO GRADUATING TCF STUDENTS TO ENABLE THEM TO PURSUE DEGREES IN VARIED FIELDS SUCH AS JOURNALISM, BUSINESS, ENGINEERING, MEDICINE AND HEALTH CARE. 3311989 3255219 CAMPUS CONSTRUCTION: THIS YEAR TCF-USA FUNDED THE CONSTRUCTION OF 17 NEW PRIMARY AND SECONDARY SCHOOL UNITS IN IMPOVERISHED RURAL AND URBAN COMMUNITIES IN PAKISTAN. EACH NEW CAMPUS ACCOMMODATES UP TO 180 STUDENTS, SIGNIFICANTLY EXPANDING ACCESS TO EDUCATION FOR UNDERPRIVILEGED COMMUNITIES. ADDITIONALLY, EIGHT SCHOOLS WERE CONVERTED TO SOLAR ENERGY, CONTRIBUTING TO LONG-TERM ENVIRONMENTAL SUSTAINABILITY AND REDUCED OPERATING COSTS. 420522 396968 ENDOWMENTS FOR FUTURE OPERATION OF SCHOOLS: IN 2024, TCF-USA CONTRIBUTED $396,968 TOWARD THE ENDOWMENT OF TCF-BUILT SCHOOLS IN PAKISTAN. THESE FUNDS ENSURE THE LONG-TERM FINANCIAL SUSTAINABILITY OF SCHOOL OPERATIONS, HELPING MAINTAIN QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN YEAR AFTER YEAR. ENDOWMENT INCOME SUPPORTS RECURRING OPERATIONAL EXPENSES, REDUCING RELIANCE ON FUTURE FUNDRAISING.IN ADDITION TO SCHOOL OPERATIONS, TCF-USA HAS ALSO ESTABLISHED ENDOWMENTS FOR SCHOLARSHIPS TO SUPPORT THE HIGHER EDUCATION OF TCF ALUMNI. THESE SCHOLARSHIP ENDOWMENTS HELP DESERVING GRADUATES PURSUE UNIVERSITY AND PROFESSIONAL DEGREES, EXTENDING THE ORGANIZATION'S IMPACT BEYOND SECONDARY EDUCATION.TCF-USA SUPPORTS STRATEGIC PROJECTS AND PROGRAMS THAT ENHANCE THE LEARNING ENVIRONMENT AND IMPROVE COMMUNITY WELL-BEING. THESE INCLUDE PUBLIC-PRIVATE PARTNERSHIP INITIATIVES, INSTALLATION OF SOLAR PANELS TO REDUCE ENERGY COSTS AND ENVIRONMENTAL IMPACT, AND THE DEVELOPMENT OF WATER FILTRATION PLANTS AT SCHOOL SITES. NOTABLY, IN THE CASE OF WATER PLANTS, BOTH STUDENTS AND SURROUNDING COMMUNITY MEMBERS BENEFIT FROM ACCESS TO CLEAN DRINKING WATER. 17718488 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 43 0 1 13 1 0 0 0 0 0 1 1 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 9723755227 2900 WILCREST DR 225 HOUSTON TX 77042 MASOOMA BHAIWALA DIRECTOR 2.00 X 0 0 0 JAWAID EKRAM DIRECTOR 10.00 X 0 0 0 HAROON ISMAIL DIRECTOR 2.00 X 0 0 0 ABDULLAH JAFARI DIRECTOR 40.00 X 0 0 0 EJAZ A SHAMEEM DIRECTOR 2.00 X 0 0 0 SHIMMI KIDWAI DIRECTOR (THRU 09/24) 10.00 X 0 0 0 KASHMALA SHARIF DIRECTOR 2.00 X 0 0 0 DR ADIL NAJAM DIRECTOR 2.00 X 0 0 0 SALMAN ZAFAR DIRECTOR 2.00 X 0 0 0 SOHAIB ANSWER DIRECTOR 4.00 X 0 0 0 ZOHAIR RASHID DIRECTOR 2.00 X 0 0 0 ARIF GAFUR PRESIDENT/DIRECTOR 40.00 X X 0 0 0 HAJI VALI MODY DIRECTOR/SECRETARY 4.00 X X 0 0 0 FARRI FARAZ KHAN TREASURER/DIRECTOR 4.00 X X 0 0 0 SYED SALMAN HASAN CEO 40.00 X 153600 0 0 FAKHIA RASHID COO/DIRECTOR DEVELOPMENT 40.00 X 119620 0 0 DANIAL NOORANI DIRECTOR OF DEVELOPMENT (THRU 06/24) "DIRECTOR" FO 40.00 X 40808 0 0 314028 0 0 2 0 1 0 0 5821909 15614070 453429 21435979 267165 267165 1116326 5821909 1116326 0 21703144 0 0 267165 17599621 17599621 314028 29160 86358 198510 795335 73852 218717 502766 89739 8334 24678 56727 98683 7521 13745 77417 372133 372133 263026 73735 189291 52311 7847 44464 2729 2593 136 43118 21852 21266 15219 15219 1933 1933 9507 7130 2377 CONTRIBUTIONS PROC. FEE 233352 233352 PRINTING, POSTAGE AND D 99197 99197 MEALS AND ENTERTAINMENT 51329 2452 48877 20041260 17718488 476259 1846513 124052 57415 6422910 3611536 102757 143174 37899 36278 2135 1621 359152 5330141 177547 8032 678 7196585 9144565 135786 380372 135786 380372 X 5399702 5213711 1661097 3550482 7060799 8764193 7196585 9144565 1661884 41510 0 X X 0 1 X 1 0 X 15132430 19826048 20640372 18084192 21435979 95119021 15132430 19826048 20640372 18084192 21435979 95119021 5084620 90034401 22963 90476 50185 219173 267165 649962 95768983 0.94010 0.93270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 690699 46212 736911 613177 77522 690699 693160 -79983 613177 613874 79286 693160 571497 42377 613874 0.89822 0.10178 0.00000 1 0 32405 30784 1621 5494 5494 0 1621 X 21775029 41510 30375 71885 21703144 0 21703144 20071635 30375 30375 20041260 0 20041260 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 9 PROGRAM SERVICES BUILDING & OPERATING; SCHOOLS (KG-10); CONSTRUCTION, OPERATION, ENDOWMENTS 17599621 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 5 CENTRAL OFFICE FOR MANAGEMENT AND OPERATIONS OPERATIONS EXPENSES 504009 2 14 0 0 2 14 18103630 0 18103630 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL CONSTRUCTION 3255219 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL OPERATION 12609188 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL ENDOWMENT 396968 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOLARSHIPS 1331146 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, VOCATIONAL TRAINING 7100 WIRE TRANSFER 0 2 0 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. TCF USA SUPPORTS SPECIFIC PROGRAMS, INITIATIVES AND PROJECTS OF THE CITIZENS FOUNDATION IN PAKISTAN. 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 6938235 5821909 1116326 1116326 6938235 5821909 1116326 1116326 1116326 0 X X X 0 0 0 0 0 0 0 0 0 SYED SALMAN HASAN CEO 153600 0 0 0 0 0 0 0 0 0 153600 0 0 0 X 32 453429 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, 2024 THE CITIZENS FOUNDATION, USA IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263 A)-1(F). FORM 990, PART I, LINE 1 TCF, USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY. 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.