Pillars Fund

EIN: 810983087 501(c)(3) Philanthropy & Grantmaking

Chicago, IL

Total Revenue
$5,966,431
Total Expenses
$6,163,114
Total Assets
$8,117,741
Net Assets
$8,047,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
Kashif Shaikh
Phone
3125740077
Tax Period
2024-01-01 to 2024-12-31

Pillars Fund, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum.

Mission

To strengthen relations with American Muslims and all Americans. Pillars Fund strategically supports nonprofit organizations that amplify the talents and leadership of American Muslims and improve the communities they serve.

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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 $5,965,350
Program Service Revenue $0
Investment Income $1,081
Other Revenue $0
TOTAL REVENUE $5,966,431

Expense Breakdown

Grants Paid $2,738,668
Salaries & Benefits $2,079,212
Fundraising Expenses $742,373
Program Expenses $4,593,139
Other Expenses $1,345,234
TOTAL EXPENSES $6,163,114

Year-over-Year Comparison

2024 2023 Change
Revenue $5,966,431 $2,398,957 +1.5%
Expenses $6,163,114 $4,783,807 +0.3%
Net Income $-196,683 $-2,384,850 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
19
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
4
$278,073
Total Directors
9
$278,073
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kashif Shaikh Executive Dir. 40.00
Officer Director
$255,208 $22,865 $278,073
Kalia Abiade VP Programs 40.00
$180,000 $6,051 $186,051
Arij Mikati Managing Dir. 40.00
$155,000 $12,954 $167,954
Nadia Ismail Managing Dir. 40.00
$147,900 $0 $147,900
Waliya Lari Programs 40.00
$135,000 $0 $135,000
Hina Mahmood Programs 40.00
$129,744 $0 $129,744
Sameer Shamsi Director 2.00
Director
$0 $0 $0
Rashid Shabazz Director 2.00
Director
$0 $0 $0
Saleemah Abdul-Ghafur Director 2.00
Director
$0 $0 $0
Deana Haggag Secretary 4.00
Officer Director
$0 $0 $0
Nancy A Khalil Director 2.00
Director
$0 $0 $0
Noorain Khan Treasurer 4.00
Officer Director
$0 $0 $0
Dr Rami Nashashibi Director 2.00
Director
$0 $0 $0
Shakeeb Alam Board Chair 4.00
Officer 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 $5,966,431 $6,163,114 $8,117,741 $-196,683
2023 $2,398,957 $4,783,807 $8,439,851 $-2,384,850
2022 $3,855,611 $4,338,145 $10,844,911 $-482,534
2021 $11,056,329 $2,415,365 $11,143,935 $8,640,964
2020 $2,212,348 $2,306,946 $2,603,865 $-94,598
2019 $2,244,617 $2,052,444 $2,621,737 $192,173
2018 $1,454,674 $1,097,966 $2,405,417 $356,708
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