Mussarat and Ilyas Foundatioon is a private foundation focused on N/A, based in BELLAIR, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 8 grants totaling $117K. Net investment income was $279K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+3.4% YoY
Annual Giving
$117K
+137.8% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$15K
+137.8% YoY
Under IRS private-foundation payout rules, Mussarat and Ilyas Foundatioon reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Mussarat and Ilyas Foundatioon
Based on IRS filings
Mussarat and Ilyas Foundatioon is a private foundation focused on N/A, based in BELLAIR, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 8 grants totaling $117K. Net investment income was $279K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,646,873 | $1,592,726 | $7,788,685 |
| Revenue | $278,893 | $41,726 | — |
| Expenses | $224,746 | $49,000 | $100 |
| Qualifying Distributions | $116,500 | $49,000 | — |
| Net Investment Income | $278,893 | $41,726 | — |
| Distributable Amount | $2,659 | $5,987 | $308,085 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Friends of Indus Hospital ($35,000), Clearwater Dawa Center ($20,000), The Citizen Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEARWATER DAWA CENTER LARGO, FL | TO SUPPORT AND PROMOTE ISLAMIC SCHOLARS | $20,000 |
| FRIENDS OF INDUS HOSPITAL TEANECK, NJ | TO PROVIDE FREE MEDICAL TREATMENT | $35,000 |
| HUMAN DEVOLEPMENT FOUNDATION OAKBROOK, IL | TO PROVIDE HEALTH CARE, EDUCATION, LITERACY, ECONOMIC DEVELOPMENT AND SCHOLARSHIPS | $5,000 |
| PAKISTANI AMERICAN ASSOCIATION TAMPA, FL | TO FOSTER COMMUNITY AMONG PAKISTANI AMERICANS | $1,500 |
| THE CITIZEN FOUNDATION HOUSTON, TX | TO PROMOTE EDUCATION | $20,000 |
| ZAYTUNE COLLEGE BERKLEY, CA | TO PROVIDE SCHOLARSHIPS TO QUALIFIED | $20,000 |
| COMMUNITY EDUCATION CENTER TAMPA, FL | SERVING EDUCATION, SOCIAL, RELIGIOUS AND CULTURAL NEEDS OF THE TAMPA BAY AREA. | $10,000 |
| AL-RAHMA HIJAMA CENTER TARPON SPRINGS, FL | IN THE NAME OF ALLAH, THE MOST ENEFICENT, THE MOST MERCIFUL. TO SUPPORT MASJID ALRAHMAN. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MOHAMMAD I YAMANI | TTEE | 3 | — |
| MUSSART YAMANI | TTEE | 7 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mussarat and Ilyas Foundatioon?
Mussarat and Ilyas Foundatioon is a private foundation focused on N/A, based in BELLAIR, FL. It holds $1.6M in total assets as of 2024.
How large is Mussarat and Ilyas Foundatioon?
As of 2024, Mussarat and Ilyas Foundatioon holds $1.6M in total assets with $279K in annual revenue. It awarded 8 grants totaling $117K in 2024.
Where does Mussarat and Ilyas Foundatioon operate?
Mussarat and Ilyas Foundatioon has awarded grants in California, Florida, Illinois, New Jersey, Texas.
What size grants does Mussarat and Ilyas Foundatioon award?
In 2024, Mussarat and Ilyas Foundatioon awarded 8 grants totaling $117K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Mussarat and Ilyas Foundatioon required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mussarat and Ilyas Foundatioon reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mussarat and Ilyas Foundatioon's EIN?
Mussarat and Ilyas Foundatioon's EIN (Employer Identification Number) is 87-6587057. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mussarat and Ilyas Foundatioon's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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