Saaaks Foundation Inc
Saaaks Foundation Inc is a private foundation, based in Southlake, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 3 grants totaling $15K. Net investment income was $6K.
Saaaks Foundation Inc at a glance
In short: Saaaks Foundation Inc gave $15K across 3 grants in 2025 (avg $5K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- -71.4% vs 2024
- Grants made (2025)
- 3
- -57.1% vs 2024
- Average grant
- $5,000
- -33.3% vs 2024
- Median grant
- $5,000
- Total assets
- $1,173,631
- +538.1% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Saaaks Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Islamic Center of Southlake ($5K). Together the top 3 received $15K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 19 grants of 20 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Saaaks Foundation Inc gives
- Giving fell 63% from 2022 to 2025. Method
- In 2025 it paid out 162% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $15K (2025) to $155K (2023). In 2025 it made 3 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Islamic Center of Southlake Southlake, TX | Operating Support | $5,000 |
| Tarrant Area Food Bank Fort Worth, TX | Operating Support | $5,000 |
| Islamic Association of Tarrant Cnty Forth Worth, TX | Operating Support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,173,631 | $1,006,703 | $16,998 | $15,000 | 3 | $16,850 | $6,445 | $10,420 |
| 2024 | $183,926 | $83,249 | $54,347 | $52,500 | 7 | $54,180 | $10,612 | $8,195 |
| 2023 | $155,024 | $-23,542 | $156,932 | $155,100 | 5 | $156,576 | $4,664 | $15,480 |
| 2022 | $335,498 | $6,657 | $41,908 | $40,145 | 3 | $41,620 | $6,289 | $17,522 |
| 2021 | $370,749 | $110,419 | $51,338 | $50,000 | 2 | $51,326 | $10,419 | $13,956 |
| 2020 | $311,668 | $257,950 | $47,160 | $45,500 | 4 | — | $865 | $16,371 |
| 2019 | $100,878 | $102,777 | $1,899 | — | — | — | $878 | $161 |
Under IRS private-foundation payout rules, Saaaks Foundation Inc reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Saaaks Foundation Inc is led by Kamal A. Syed, President & Secretary on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kamal A. Syed
President & Secretary
On filings since 2019
No compensation reported
Ajaz K. Syed
Treasurer
On filings since 2019
No compensation reported
Samira K. Syed
Vice President
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Saaaks Foundation Inc
How much does Saaaks Foundation Inc give each year?
Saaaks Foundation Inc gave $15K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $53K across 7 grants.
What is Saaaks Foundation Inc's typical grant size?
Saaaks Foundation Inc's median grant in 2025 was $5,000, and its average grant was $5,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Saaaks Foundation Inc give grants?
Saaaks Foundation Inc gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Saaaks Foundation Inc give general operating support?
Yes: 100% of Saaaks Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Saaaks Foundation Inc?
Saaaks Foundation Inc reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is Saaaks Foundation Inc's EIN?
Saaaks Foundation Inc's EIN (Employer Identification Number) is 84-2826644. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 28, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 28, 2026)
- IRS filings on file for fiscal years 2020–2024
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