Miftaahul Uloom Inc
- Assets
- $2.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Union City, NJ
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 22-3298510
Organization Overview
Miftaahul Uloom Inc is located in Union City, NJ. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Miftaahul Uloom Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miftaahul Uloom 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 06/2022, Miftaahul Uloom Inc generated $1.5m 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 (3.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FROM CLASS PRE-K TO 12 PROVIDED TO APPROXIMATELY 128 STUDENTS. DAY CARE AND PRESCHOOL SERVICES PROVIDED UNDER CONTRACT FROM UNION CITY BOARD OF EDUCATION / NJ STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION FROM CLASS PRE-K TO 12 PROVIDED TO 115 STUDENTS - FUNDED BY SCHOOL TUITION FEES AND DONATIONS.
DAY CARE AND PRESCHOOL SERVICES PROVIDED UNDER CONTRACT FROM STATE OF NEW JERSEY AND BOARD OF EDUCATION FOR 13 CHILDREN UNDER ABBOTT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wasley Lebron Trustee / Chairman | OfficerTrustee | 4 | $0 |
Khuloud Jaludi Principal | Officer | 40 | $21,170 |
Hisham Morgan CFO | Officer | 40 | $16,410 |
Warda Qayyum Trustee /vice Chairman | OfficerTrustee | 4 | $0 |
Ibrahim Yanes Trustee/secretary | OfficerTrustee | 4 | $0 |
Ramz Aziz Trustee/treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $564,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,499 |
| Total Program Service Revenue | $867,806 |
| Investment income | $33 |
| 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 | $1,502,338 |
| 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. | $47,980 |
| Compensation of current officers, directors, key employees. | $26,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $89,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,196 |
| Advertising and promotion | $3,581 |
| Office expenses | $15,606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,319 |
| Insurance | $93,342 |
| All other expenses | $72,098 |
| Total functional expenses | $1,394,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,286 |
| Net Land, buildings, and equipment | $2,527,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,662,014 |
| Accounts payable and accrued expenses | $383,509 |
| 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 | $278,502 |
| Secured mortgages and notes payable | $2,352,172 |
| Unsecured mortgages and notes payable | $142,308 |
| Other liabilities | $0 |
| Total liabilities | $3,156,491 |
| Net assets without donor restrictions | -$494,477 |
| 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 | $2,662,014 |