Islamic Scholarship Fund
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Berkeley, CA
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 20-8540050
Organization Overview
Islamic Scholarship Fund is located in Berkeley, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Islamic Scholarship Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Scholarship Fund 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 12/2023, Islamic Scholarship Fund generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 13.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ISLAMIC SCHOLARSHIP FUND'S MISSION IS TO SUPPORT AMERICAN MUSLIM STORYTELLING & INCREASE REPRESENTATION IN FIELDS & OCCUPATIONS THAT MAKE PUBLIC POLICY & INFLUENCE PUBLIC OPINION BY PROVIDING SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS, FILM GRANTS, & MENTORSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLAMIC SCHOLARSHIP FUND HAS PROVIDED CRITICAL ACCESS AND OPPORTUNITIES TO OVER 557 INDIVIDUALS, WITH 672 PRESTIGIOUS AWARDS SINCE OUR LAUNCH IN 2009, INCLUDING OVER $3.06 MILLION IN FUNDING. IN 2023 ALONE, WE AWARDED OVER $328,600 TO OUR LATEST COHORT. ISF AWARDED 42 SCHOLARSHIPS TO STUDENTS TOTALING $179,000; AWARDED FILM GRANTS TOTALING $65,000 TO SUPPORT MUSLIM STORYTELLING; PROVIDED FIVE SCREENWRITERS THE OPPORTUNITY TO HAVE THEIR SCRIPTS PRODUCED, ACTED, AND DIRECTED; ADVANCED THE ISF ARTIST SUPPORT PROGRAM THAT PROVIDES FILMMAKERS WITH UNIQUE SCRIPT WRITING AND PRODUCTION SUPPORT; PLACED AND FUNDED TEN TRAILBLAZING EMERGING LEADERS AS CONGRESSIONAL INTERNS ON CAPITOL HILL; PLACED FOUR JUDICIAL INTERNS WITH FEDERAL AND STATE JUDGES TO GIVE THEM ACCESS TO THE JUDICIAL SYSTEM, AND PROVIDED 3 BAR SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Somayeh Nikooei Executive Director | 40 | $130,000 | |
Dr Hamid Rezapour Chairman | OfficerTrustee | 2 | $0 |
Ismail Mahomed Secretary | OfficerTrustee | 1 | $0 |
Dr Dalia Fahmy Director | Trustee | 1 | $0 |
Mazen Asbahi ESQ Treasurer | OfficerTrustee | 1 | $0 |
Ghada Alkiek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,043 |
| Related organizations | $0 |
| Government grants | $604 |
| All other contributions, gifts, grants, and similar amounts not included above | $969,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,127,270 |
| Total Program Service Revenue | $0 |
| Investment income | -$113,137 |
| 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 | $1,014,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $328,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation of current officers, directors, key employees. | $39,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,210 |
| Payroll taxes | $37,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,860 |
| Advertising and promotion | $4,782 |
| Office expenses | $1,751 |
| Information technology | $17,177 |
| Royalties | $0 |
| Occupancy | $6,734 |
| Travel | $5,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,931 |
| All other expenses | $38,062 |
| Total functional expenses | $1,108,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,000 |
| 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 | $43,714 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,416,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,825,181 |
| Accounts payable and accrued expenses | $7,945 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,444 |
| Total liabilities | $33,389 |
| Net assets without donor restrictions | $580,897 |
| Net assets with donor restrictions | $2,210,895 |
| 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 | $2,825,181 |
Grants Awarded
Over the last fiscal year, Islamic Scholarship Fund has awarded $47,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ZAYTUNA COLLEGE PURPOSE: Support to nonprofit | $17,600 |
MUSLIM COMM CENTER EAST BAY PURPOSE: Support to nonprofit | $30,000 |