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
Among its reported 2024 grants, the largest include Islamic Jaffaria Association ($5,500), Al-ghadeer Benevolent Foundation ($5,250), Anjuman E Asghari ($5,250).
| Recipient | Purpose | Amount |
|---|---|---|
| AL-GHADEER BENEVOLENT FOUNDATION NORTH BERGEN, NJ | — | $5,250 |
| ANJUMAN E ASGHARI BROOKLYN PARK, MN | — | $5,250 |
| IMAM HUSSAIN ISLAMIC CENTER BROOKLYN CENTER, MN | — | $5,250 |
| ISLAMIC JAFFARIA ASSOCIATION MIAMI, FL | — | $5,500 |
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
Frequently Asked Questions
What is The Mainstay Foundation?
The Mainstay Foundation is a nonprofit organization focused on Public, Societal Benefit, based in DEARBORN, MI. It holds $414K in total assets as of 2024.
How large is The Mainstay Foundation?
As of 2024, The Mainstay Foundation holds $414K in total assets with $1.0M in annual revenue. It awarded 4 grants totaling $21K in 2024.
Where does The Mainstay Foundation operate?
The Mainstay Foundation has awarded grants in Arizona, California, Florida, Minnesota, New Jersey.
What size grants does The Mainstay Foundation award?
In 2024, The Mainstay Foundation awarded 4 grants totaling $21K — an average of about $5K per grant, based on its IRS Form 990 filings.
What is The Mainstay Foundation's EIN?
The Mainstay Foundation's EIN (Employer Identification Number) is 46-4286586. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mainstay Foundation'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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