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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$414K
+25.6% YoY
Annual Giving
$21K
Grant Count
4
Avg Grant Size
$5K
About The Mainstay Foundation
Based on IRS filings
The Mainstay Foundation is a nonprofit organization focused on Public, Societal Benefit, based in DEARBORN, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $414K in total assets. In 2024, it awarded 4 grants totaling $21K. Net investment income was $40.
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 | $414,457 | $329,940 | $465,421 |
| Revenue | $1,018,793 | $1,031,941 | $1,290,829 |
| Expenses | $934,315 | $1,095,651 | $1,136,352 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $40 | $39 | $40 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Open Grants
1 open opportunity from The Mainstay Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MOHAMED ALI BANOON | SECRETARY | 2 | — |
| KHODR HAMKA | PRESIDENT | 2 | — |
| JALAL MOUGHANIA | TREASURER | 2 | — |
| ABATHAR TAJALDEEN | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Mainstay Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities