The Quran Institute Of America
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Detroit, MI
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-3293913
Organization Overview
The Quran Institute Of America is located in Detroit, MI. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Quran Institute Of America employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quran Institute Of America 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, Quran Institute Of America generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE ALLAH BY TEACHING THE RECITATION, TAJWEED, AND MEMORIZATION OF THE HOLY QURAN TO ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TEACH THE RECITATION, TAJWEED, AND MEMORIZATION OF THE HOLY QURAN TO ALL PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mostafa Tolba Executive Director | Officer | 50 | $79,500 |
Adel Alsoofi Rep Member | Trustee | 2 | $0 |
Mohammad Farah Treasurer | Trustee | 1 | $0 |
Gamal Aljahmi President | Trustee | 1 | $0 |
Maha Ezzeddine Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,640 |
| Total Program Service Revenue | $311,358 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,131,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,625 |
| Grants and other assistance to domestic individuals. | $2,080 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,500 |
| Compensation of current officers, directors, key employees. | $19,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $435,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,021 |
| Payroll taxes | $41,465 |
| Fees for services: Management | $1,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,113 |
| Advertising and promotion | $343 |
| Office expenses | $51,424 |
| Information technology | $1,900 |
| Royalties | $0 |
| Occupancy | $225,071 |
| Travel | $1,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,574 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,116,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,671,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750 |
| Total assets | $1,918,932 |
| Accounts payable and accrued expenses | $67,026 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,700 |
| Total liabilities | $192,726 |
| Net assets without donor restrictions | $1,726,206 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,918,932 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Quran Institute Of America has recieved totaling $24,147.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $10,452 |
Shakir Charitable Trust Troy, MI PURPOSE: SUPPORT DAILY OPERATIONS | $7,695 |
Tabbaa Foundation Grand Blanc, MI PURPOSE: EDUCATIONAL | $5,000 |
Abu-Akeel Foundation Fort Lauderdale, FL PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
I Know I Can Columbus, OH | $49,678,666 | $6,921,288 |
Ohio Council Of Community Schools Toledo, OH | $7,079,568 | $6,241,775 |
Crayons To Classrooms Dayton, OH | $3,417,764 | $4,091,018 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |