Knowledge Seekers

EIN: 872771941 501(c)(3) Community Improvement

Dearborn, MI

Total Revenue
$555,463
Total Expenses
$10,263
Total Assets
$547,066
Net Assets
$545,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Principal Officer
Aous Asfar
Phone
3139032880
Tax Period
2022-01-01 to 2022-12-31

Knowledge Seekers, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $555K in total revenue in fiscal year 2022. The organization ran a surplus of $545K, a strong 98% operating margin.

Mission

To inspire, educate, and elevate generations of youth to become better people, who live purposeful lives, contribute positively to society, are understanding, kind, and merciful to others regardless of ethnicity, race, or background.

Program Service Accomplishments

Program 1
Expenses: $1,716

Speaking engagements - This is the Inspire phase of our program. In this phase we are invited to visit a community event, or a school assembly in which we deliver the keynote speech to inspire the...

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Speaking engagements - This is the Inspire phase of our program. In this phase we are invited to visit a community event, or a school assembly in which we deliver the keynote speech to inspire the youth to strive for knowledge, character development, and self-growth.

Program 2
Expenses: $500 Revenue: $4,200

The knowledge seeker program - this is the educate phase of the program. It consists of a series of 6 courses that every knowledge seeker goes through to build their foundation of knowledge. It...

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The knowledge seeker program - this is the educate phase of the program. It consists of a series of 6 courses that every knowledge seeker goes through to build their foundation of knowledge. It includes a course on leading a purposeful life, self-actualization and decision making, ethics, the art of dialog, and communication with like-minded people and otherwise.

Program 3

Mentorship - this is the elevate phase of the program. In this phase, we set up meetings with the youth to determine their life goals and to help them setup a plan and develop the mindset and skills...

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Mentorship - this is the elevate phase of the program. In this phase, we set up meetings with the youth to determine their life goals and to help them setup a plan and develop the mindset and skills to achieve them. It includes courses on goal-setting, time-management, self-discipline, academic path planning, and career path planning.

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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 (2022)

Revenue Breakdown

Contributions & Grants $545,260
Program Service Revenue $10,135
Investment Income $68
Other Revenue $0
TOTAL REVENUE $555,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,518
Fundraising Expenses $0
Program Expenses $2,216
Other Expenses $4,745
TOTAL EXPENSES $10,263

Year-over-Year Comparison

2022 2021 Change
Revenue $555,463 N/A N/A
Expenses $10,263 N/A N/A
Net Income $545,200 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
1
Volunteers
21

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aous Asfar President 30.00
Officer Director
$0 $0 $0
Aqeel Al-Tamimi Finance Officer 1.00
Officer Director
$0 $0 $0
Wissam Bazzi Secretary 0.50
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
2022 $555,463 $10,263 $547,066 $545,200
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