HABIB UNIVERSITY FOUNDATION US INC

EIN: 453218399 501(c)(3) Education

NEW HAVEN, CT

Total Revenue
$2,088,757
Total Expenses
$1,176,476
Total Assets
$8,733,258
Net Assets
$8,693,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CT
Principal Officer
ARVID NELSON
Phone
2034442692
Tax Period
2024-01-01 to 2024-12-31

HABIB UNIVERSITY FOUNDATION US INC, founded in 2011, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. The organization ran a surplus of $912K, a strong 44% operating margin.

Mission

HUFUS' MISSION IS TO SUPPORT HIGHER EDUCATION IN PAKISTAN THROUGH SUPPORT OF HABIB UNIVERSITY, PAKISTAN'S FIRST NOT-FOR-PROFIT, LIBERAL ARTS AND SCIENCES UNIVERSITY AND A UNIQUE EXAMPLE OF AMERICAN EDUCATION TRADITION AND QUALITY IN PAKISTAN. HABIB UNIVERSITY ALSO FOLLOWS U.S. PRACTICE IN OFFERING OPPORTUNITIES TO YOUNG MEN AND WOMEN OF EXCEPTIONAL PROMISE FROM DISADVANTAGED ECONOMIC BACKGROUNDS: SCHOLARSHIPS AND FINANCIAL AID ARE GRANTED TO 90% OF ITS STUDENTS.HUFUS BELIEVES THE EDUCATION OF YOUNG MEN AND WOMEN, PARTICULARLY THOSE FOR WHOM OPPORTUNITY AND HOPE HAVE TRADITIONALLY BEEN DENIED, IS ESSENTIAL TO BUILDING A STABLE AND LIBERAL SOCIETY IN PAKISTAN AND CRUCIAL TO PAKISTAN'S EMERGENCE AS A RELIABLE MEMBER OF THE INTERNATIONAL COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,651,042
Program Service Revenue $0
Investment Income $437,715
Other Revenue $0
TOTAL REVENUE $2,088,757

Expense Breakdown

Grants Paid $1,073,003
Salaries & Benefits $0
Fundraising Expenses $32,389
Program Expenses $1,073,003
Other Expenses $103,473
TOTAL EXPENSES $1,176,476

Year-over-Year Comparison

2024 2023 Change
Revenue $2,088,757 $1,981,113 +0.1%
Expenses $1,176,476 $426,565 +1.8%
Net Income $912,281 $1,554,548 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR AZRA RAZA CHAIR 1.00
Officer Director
$0 $0 $0
IMRAN HABIB VICE CHAIR 1.00
Officer Director
$0 $0 $0
ARVID NELSON SECRETARY/ TREASURER 1.00
Officer Director
$0 $0 $0
SHOUKAT ALI DHANANI DIRECTOR 1.00
Director
$0 $0 $0
TALIB DHANJI DIRECTOR 1.00
Director
$0 $0 $0
SALEM IQBAL DIRECTOR 1.00
Director
$0 $0 $0
RIZWAN QURESHI DIRECTOR 1.00
Director
$0 $0 $0
IMRAN SHARIH DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,088,757 $1,176,476 $8,733,258 $912,281
2023 $1,981,113 $426,565 $7,797,233 $1,554,548
2022 $1,900,721 $100,656 $6,226,739 $1,800,065
2021 $394,253 $313,222 $4,514,075 $81,031
2020 $939,793 $2,082,350 $4,345,643 $-1,142,557
2019 $3,716,430 $271,641 $5,487,396 $3,444,789
2018 $2,015,100 $7,374 $2,032,411 $2,007,726
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