Islamic Society Of Central Jersey
- Assets
- $16.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Monmouth Junction, NJ
- Founding
- 06/1977
- Data as of
- 12/2017
- EIN
- 22-2086228
Organization Overview
Islamic Society Of Central Jersey is located in Monmouth Junction, NJ. The organization was established in 1977. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Islamic Society Of Central Jersey employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Society Of Central Jersey 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 12/2017, Islamic Society Of Central Jersey generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL, RELIGIOUS AND CULTURAL SERVICES TO MUSLIM COMMUNITY.
Describe the Organization's Program Activity:
ZAKAT - PAYMENT TO NEEDY PEOPLE, SUFFERANCE DUE TO NATURAL DISASTERS AND REFUGEES
SADAQA - REPRESENTS VOLUNTARY CHARITY GIVEN BY COMMUNITY MEMEBERS TO AID IN FINANCIAL ASSISTANCE TO THE NEEDY.
CELEBRATION INCOME - PROVIDES FOR VARIOUS SOCIAL ACTIVITIES
SCHOLARSHIP FUND SOCIAL ACTIVITIESWEEKEND SCHOOLQUARAN ACADEMYCEMETARY FUNDRIAD FAMILY FUNDRENTAL INCOMEENDOWMENT FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omayma Mansour Secretary | OfficerTrustee | 0 | $0 |
Sr Tabassum Khan Treasurer | OfficerTrustee | 0 | $0 |
Heba Macksoud Executive Secretary | OfficerTrustee | 0 | $0 |
Muhammad Ashraf President | OfficerTrustee | 0 | $0 |
Khalid Ozair Chairman | OfficerTrustee | 0 | $0 |
Habib Ahson Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $344,306 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $844,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,188,477 |
| Total Program Service Revenue | $736,521 |
| Investment income | $8,834 |
| 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 | $2,240,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $720 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,789 |
| Advertising and promotion | $1,359 |
| Office expenses | $26,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,616 |
| Travel | $0 |
| 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 | $524,552 |
| Insurance | $24,255 |
| All other expenses | $140,061 |
| Total functional expenses | $1,951,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,891,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $254,224 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,600 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,065,255 |
| Investments—publicly traded securities | $408,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,966 |
| Total assets | $16,726,193 |
| Accounts payable and accrued expenses | $35,960 |
| Grants payable | $0 |
| Deferred revenue | $84,263 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,025 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,400 |
| Total liabilities | $264,148 |
| Unrestricted restricted net Assets | $13,540,211 |
| Temporarily restricted net Assets | $2,619,954 |
| Permanently restricted net Assets or current funds | $301,880 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $16,462,045 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Islamic Society Of Central Jersey has recieved totaling $19,900.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $14,900 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $5,000 |
Endowment Analysis
| Beg. Balance | $244,045 |
| Ending Balance | $244,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Italian American Org Of Brooklyn Ltd Brooklyn, NY | $18,192,527 | $6,779,370 |
Islamic Education Foundation Of New Jersey Inc Wayne, NJ | $1,524,545 | $3,505,932 |
Islamic Circle Of North America Inc Jamaica, NY | $9,118,445 | $4,060,326 |
Islamic Society Of Central Jersey Monmouth Junction, NJ | $16,726,193 | $2,240,124 |
Tarbiyah Sch Inc Newark, DE | $15,175 | $1,151,857 |
Muslim Federation Of New Jersey Inc Jersey City, NJ | $544,486 | $732,548 |
Baitul Mamur Masjid & Community Brooklyn, NY | $2,549,551 | $1,074,835 |
Hillside Islamic Center New Hyde Park, NY | $5,622,658 | $1,466,226 |
Muslim Foundation Inc Somerset, NJ | $11,328,320 | $1,328,234 |
Yam Hachesed Vhatorah Monsey, NY | $241,102 | $613,530 |
Parkchester Islamic Center Inc Bronx, NY | $532,502 | $876,383 |
Masjidullah Incorporated Philadelphia, PA | $2,159,915 | $660,035 |