Islamic Academy Of Burlington County
- Assets
- $2.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 36
- Location
- Burlington, NJ
- Founding
- 02/2011
- Data as of
- 06/2024
- EIN
- 26-3307580
Organization Overview
Islamic Academy Of Burlington County is located in Burlington, NJ. The organization was established in 2011. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Islamic Academy Of Burlington County employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Academy Of Burlington County 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 06/2024, Islamic Academy Of Burlington County generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $999.2k during the year ending 06/2024. While expenses have increased by 10.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
1. IABC, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (OR THE CORRESPONDING SECTION OF ANY FURTHER FEDERAL TAX CODE.) 2. THE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS TO OPERATE A SCHOOL TO PROVIDE SCHOOL-AGE INDIVIDUALS WITH AN ATMOSPHERE AS CLOSE TO THE ISLAMIC IDEAL AS POSSIBLE, IN WHICH THESE INDIVIDUALS CAN GROW AND LEARN AS WHOLE INDIVIDUALS, INTELLECTUALLY, SPIRITUALLY, AND PHYSICALLY. TO OFFER ACADEMIC EXCELLENCE SO THAT SCHOOL-AGE INDIVIDUALS CAN BE PREPARED TO TAKE AN ACTIVE AND DOMINANT ROLE IN THE WORLD IN WHICH THEY LIVE. TO ENABLE SCHOOL-AGE INDIVIDUALS TO ENHANCE THEIR UNDERSTANDING OF THE QUR'AN AND SUNNAH THROUGH RELEVANT INSTRUCTION IN ENGLISH/ARABIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT PRIVATE RELIGIOUS AND EDUCATIONAL INSTITUTION (SCHOOL)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muhammad Naqiuddin Zaki Executive Director/president | OfficerTrustee | 50 | $64,000 |
Humza Zaki Secretary/trustee | OfficerTrustee | 60 | $26,000 |
Jabed Uddin Treasurer/trustee | OfficerTrustee | 16 | $20,000 |
Fahad Haq Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $337,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,982 |
| Total Program Service Revenue | $960,848 |
| 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 | $1,298,830 |
| 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 | $3,185 |
| Compensation of current officers, directors, key employees. | $144,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,412 |
| Payroll taxes | $58,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,964 |
| Office expenses | $60,579 |
| Information technology | $12,924 |
| Royalties | $0 |
| Occupancy | $87,647 |
| Travel | $501 |
| 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 | $1,766 |
| Insurance | $6,348 |
| All other expenses | $0 |
| Total functional expenses | $999,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$4,882 |
| 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 | $2,452,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,954 |
| Total assets | $2,615,121 |
| Accounts payable and accrued expenses | $0 |
| 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 | -$707 |
| Other liabilities | $161 |
| Total liabilities | -$546 |
| Net assets without donor restrictions | $2,615,667 |
| 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 | $2,615,121 |