Foundation For Islamic Education Inc
- Assets
- $9.7m
- Revenue
- $495.7k
- Investments
- $72.0k
- Employees
- 0
- Location
- Exton, PA
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 13-3477893
Organization Overview
Foundation For Islamic Education Inc is located in Exton, PA. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Islamic Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation For Islamic Education Inc generated $495.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $598.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mustafa A Ahmed Director Vice Pres | 40 | $119,137 | |
Mr Ahmed Tayeb President | 0 | $0 | |
Mr Anwar Hajjaj Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,091 |
| Capital Gain Net Income | $11,091 |
| Net ST Capital Gain | $11,091 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,824 |
| Total Revenue | $495,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,137 |
| Other employee salaries and wages | $41,778 |
| Pension plans, employee benefits | $32,357 |
| Interest | $0 |
| Taxes | $14,090 |
| Depreciation | $0 |
| Occupancy | $76,701 |
| Travel, conferences, and meetings | $500 |
| Printing and publications | $0 |
| Other expenses | $270,257 |
| Total operating and administrative expenses | $598,594 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $598,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,926,587 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $6,071,548 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,631,822 |
| Other assets | $0 |
| Total assets | $9,702,003 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |