2019-11-15T19:08:02-05:00 2018-12-31 383541779 Paramount Accounting Services 13201 W Warren Ave Ste1 Dearborn MI 48126 990 2018-01-01 464286586 THE MAINSTAY FOUNDATION MAIN 7713 SCHAEFER RD Dearborn MI 48126 MOHAMED ALI BANOON SECRETARY 3134512148 2019-10-05 false Joulnar Salman P01727594 3139450000 2019-11-15 143.59.75.58 2019-11-15 19:09:27 38734020193190p2ky5c 2019-11-15 P FC247D724703CBE3F3BC5F8AC3C34D97193A3C53 FC247D724703CBE3F3BC5F8AC3C34D97193A3C53 2018 2020-04-17 16:48:07Z 381713 false X www.mainstay.us X 2012 MI To advance the Muslim communities, organizations, and individuals in the United States of America by developing their intellectual, spiritual, social, and financial aspects, utilizing the most advanced methodologies and technologies. 3 3 6 30 0 0 270232 303450 28080 42691 0 8094 26681 306406 372822 48950 76000 0 20906 31535 0 0 132042 265520 201898 373055 104508 -233 184506 182567 808 1368 183698 181199 To advance the Muslim communities, organizations, and individuals in the United States of America by developing their intellectual, spiritual, social, and financial aspects, utilizing the most advanced methodologies and technologies. false false 175614 76000 The focus of the Organizational Development Initiative was twofold: create a platform for centers and organizations to connect, communicate, and collaborate; and provide tangible services and resources to organizations and centers. The major platform was the hub a conference held in Dearborn, MI. A web platform was also developed to provide essential services to served organization, including a Speakers Bureau, consultants and digital content. 70004 42691 The focus of the Human Development Initiative was threefold: providing educational content to our community through classes and religious programming, capacity building through workshops and retreats, and publications. With classes and religious programming presenters from the Foundations Speakers Bureau delivered educational content through programs conducted in partnership with other religious organizations and centers. In terms of capacity building, the Foundations focus was on the religious, personal, and professional development of its served community, with a special focus on university students. The foundation also published translated and original works for a wide audience. 2000 The focus of the Research Development Initiative was twofold: conducting surveys about pertinent matters to our community, and conducting a meeting of thought leaders in Fort Worth, TX to discuss leadership structure and development amongst centers and organizations in the US. 247618 true true false false false false false false false false false false false false true false false false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false false true 11 0 true 6 true false false false false false false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true false true true true false MI X MOHAMED ALI BANOON 3134512148 7713 SCHAEFER RD Dearborn MI 48126 X KHODR HAMKA CHAIRMAN 1.00 0.00 X X 0 0 0 MOHAMED ALI BANOON SECRETARY 1.00 0.00 X X 0 0 0 JALAL MOUGHANIA TREASURER 1.00 0.00 X X 0 0 0 ABATHAR ALKUDARI EXECUTIVE DIRECTOR 10.00 0.00 X 0 0 0 0 0 0 0 false false false 58725 244725 303450 PROGRAMS AND CLASSES 611710 42691 42691 42691 1520 1520 26833 58725 8891 17942 17942 BOOK SALES 900099 7219 7219 7219 372822 51430 0 17942 X 76000 76000 28665 28665 2870 2870 1908 1908 18707 18707 6719 6719 7617 7617 55005 54705 300 43740 27706 16034 1964 1964 Honorarium Expense 10857 10857 Media and Equipment Rental 24203 24203 Food and Supplies 48136 48136 Scholarships 2000 2000 44664 4011 40653 373055 247618 125437 0 176865 182018 5375 549 2266 184506 182567 808 161 1207 808 1368 X 183698 181199 183698 181199 184506 182567 X -233 -2266 X false false false X 82827 106540 171096 270232 303450 934145 82827 106540 171096 270232 303450 934145 111317 822828 934145 0.88080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Payroll and Sales Tax Payable 1207 1207 FUNDRAISING 85558 58725 26833 8891 85558 58725 26833 8891 8891 17942 true Ahlul Bayt Center of Toledo 6004 Hill Ave Toledo OH 43615 472536994 2500 Ramadan 2018 Grant Al-Ghadeer Benevolent Foundation 337 79th Street North Bergen NJ 07047 263858649 5500 Ramadan 2018 Grant AlKauther Organization of Buffalo 116 Harrogate Sq Williamsville NY Buffalo NY 14221 821103739 3000 Ramadan 2018 Grant Anjuman-E-Asghari PO Box 29815 Minneapolis MN 55429 363481374 5500 Ramadan and Muharam 2018 Grant Dar-e-Butool 44920 Osgood Rd Fremont CA 94538 451769734 2500 Muharam 2018 Grant Florida International University 11200 SW 8th Street FIU - Dept of R Miami FL 33199 650177616 2000 Muharam 2018 Grant Husseini Islamic Center 786 Myrtle St Sanford FL 32773 593131142 2500 Ramadan 2018 Grant Imam Hussain Islamic Center PO Box 29133 Minneapolis MN 55429 270074561 5500 Ramadan and Muharam 2018 Grant Imam Sadeq Islamic Foundation 3 Sylvan Cir Norwood MA 02062 364722096 5000 Ashura Expenses Part of Holding Islamic Ahlul Bayt Association 12460 Los Indios Trail Austin TX 78729 742819321 3000 Muharam 2018 Grant Islamic Education Foundation of Ari 12518 E Kalil Drive Scottsdale AZ 85259 473375389 5500 Ramadan and Muharam 2018 Grant Islamic House of Faith 8389 Almeda Rd Suite G Houston TX 77054 462803517 7000 Ramadan and Muharam 2018 Grant Islamic House of Wisdom 22575 Ann Arbor Trail Dearborn Heights MI 48127 383223866 2000 Muharam 2018 Grant Jaffarya Center of Greater Niagara 10300 Transit Road East Amherst NY 14051 161173305 2000 Muharam 2018 Grant Lady Fatimah Center 2120 South Holly Street Denver CO Denver CO 80222 821482105 6000 Ramadan and Muharam 2018 Grant Mosque of Imam Ali 5801 Magnolia Ave Merchantville NJ 08109 472601645 2500 Muharam 2018 Grant Shia Ithnaasheri Jamaat of New York 83 Ludy Street Hicksville NY 1180 Hicksville NY 11801 510186873 2500 Muharam 2018 Grant SIIJLA 2500 E Smiderle Loop Ontario CA 91764 953619553 2000 Muharam 2018 Grant Zainabia Non Profit Inc 1100 Hope Road Atlanta GA 30350 311486064 2500 Ramadan 2018 Grant Monitoring procedures (Part I, line 2) The Foundation implemented a two step process. First potential grantees apply through a verification process where the Foundation reviews the organizations details and ensures that they are in good standing and eligible to receive grants. Second, organizations interested in the grant fill out a grant application. The applications are assessed by a committee of three individuals that review the applications and make determinations based on eligibility and decide an award amount. A grantee is sent to the amount awarded and are required to fill out a report after 90 days in order to ensure that the funds were spent appropriately. Organizations that do not fill the required report or that expend grant funds outside the permitted scope are disqualified from future grants. Form 990 governing body review Part VI line 11 The Foundations financial statements are first reviewed by an independent accountant, Bahiya Fawaz CPA, who prepares a review report. A first draft of the form and necessary schedules is prepared by the Foundations retained accounting firm, Paramount Accounting, in accordance with the independently reviewed financial reports. The form is then sent to the Foundations internal accountant and Secretary of the Board of Trustees for review. The secretary is currently Mr. Mohamed Ali Banoon, an attorney with experience in tax exempt entity regulations and compliance. After any changes, the form and accompanying schedules are sent to the Foundations Executive Director for review. The Executive Director, Mr. Abathar Alkudari, is also an attorney with experience in tax exempt entity regulations and compliance. The form is filed after completion of the review process. Conflict of interest policy compliance Part VI line 12c It is the responsibility of all Trustees and employees of the organization to familiarize themselves with the Foundations Conflict of Interest policy and to comply and to ensure compliance of related parties with it. In addition to the disclosures required by this policy, annually each Trustee and office is provided with a statement to complete and return indicating that they have read, understand and are in compliance with this policy. Trustees who knowingly or unknowingly violate this policy are subject to censure or removal, at the discretion of the Board of Trustees. Employees who knowingly or unknowingly violate this policy will be subject to disciplinary action, including possible dismissal. CEO executive director top management comp Part VI line 15a The Foundation does not currently compensate its Executive Director, top management officials, officers, or key employees. Most services rendered by such individuals are rendered on volunteer basis. The Foundation may compensate such individuals in the future, and will abide by legal requirements and best practices in this regard. This may include review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. Other officer or key employee compensation Part VI line 15b The Foundation does not currently compensate its Executive Director, top management officials, officers, or key employees. Most services rendered by such individuals are rendered on volunteer basis. The Foundation may compensate such individuals in the future, and will abide by legal requirements and best practices in this regard. This may include review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. Governing documents etc available to public Part VI line 19 The Foundations governing documents, conflict of interest policy, and financial statements are available at the Foundations primary office location. The Foundation will make such documents available for inspection upon request in accordance with applicable law, the bylaws, and any other applicable rules of governance. Explanation of other changes in net assets or fund balances Part XI line 9 Part XI Line 9 The organization received a contribution during fiscal year ended December 31, 2017 for its Grants Program in the amount of $29,615 of which $5,000 has been expended for this program during the current fiscal year ended December 31, 2018. Temporarily Restricted net assets consist of $24,615 as of December 31, 2018. Temporarily restricted net assets are contributions for the grant program with restrictions that have not been expended in the current reporting period. When the expenditures are incurred that meet the restriction, temporarily restricted net assets are released to unrestricted net assets. The remaining adjustment of $2,266 was a prior period adjustment. List of other expenses Part IX line 24e Contract Services $20,396Bank and Merchant Fees $3,397Printing Postage and Publishing $11,288Transportation $4,638Misc $934Merchandise $4,011