Almaghrib Institute Inc
- Assets
- $4.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 27-0091991
Organization Overview
Almaghrib Institute Inc is located in Houston, TX. The organization was established in 2005. 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, Almaghrib Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Almaghrib Institute 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 12/2021, Almaghrib Institute Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 4.4% 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
RELIGIOUS SEMINARS AND EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR 2021 ALMAGHRIB INSTITUTE CONDUCTED 28 VIRTUAL SEMINARS AND 3 ONE DAY SEMINARS ON SITE, IN ADDITION TO 4 ONLINE PROGRAMS TWO MENTORSHIP PROGRAMS AND AS WELL FREE ONLINE EVENTS TEACHING OVER 40,000 STUDENTS
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam A Ammar Creative Director | Trustee | 40 | $72,000 |
Sabina Seferagic CFO | Trustee | 40 | $69,020 |
Waleed Basyouni Vice President | Trustee | 30 | $24,000 |
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 | $426,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,152 |
| Total Program Service Revenue | $2,113,546 |
| Investment income | $34,423 |
| 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 | $2,574,287 |
| 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. | $229,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,527 |
| Fees for services: Management | $180,776 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,778 |
| Fees for services: Other | $890,955 |
| Advertising and promotion | $158,326 |
| Office expenses | $89,815 |
| Information technology | $158,335 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,945 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,325 |
| Insurance | $0 |
| All other expenses | $6,904 |
| Total functional expenses | $1,787,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,692,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580,707 |
| 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 | $63,526 |
| Net Land, buildings, and equipment | $3,567 |
| Investments—publicly traded securities | $2,128,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,469,038 |
| Accounts payable and accrued expenses | $53,750 |
| Grants payable | $0 |
| Deferred revenue | $37,607 |
| 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 | $0 |
| Total liabilities | $91,357 |
| Net assets without donor restrictions | $4,105,866 |
| Net assets with donor restrictions | $271,815 |
| 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 | $4,469,038 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Almaghrib Institute Inc has recieved totaling $25,770.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,958 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $12,223 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $435 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $154 |
Endowment Analysis
| Beg. Balance | $1,137,494 |
| Earnings | $307,155 |
| Admin Expense | $9,760 |
| Ending Balance | $1,434,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Almaghrib Institute Inc Houston, TX | $4,469,038 | $2,574,287 |
Islamic Association Of Arabi Garland, TX | $4,182,903 | $1,163,996 |
Islaminspanish Inc Houston, TX | $3,857,558 | $1,370,451 |
Mas Dallas Islamic Center Richardson, TX | $2,145,138 | $1,225,883 |
Dawat-E-Islami Inc Sugar Land, TX | $3,247,535 | $1,276,278 |
Al-Mawrid United States Inc Carrollton, TX | $730,536 | $817,101 |
Mahad Al-Zahra Aljamea-Tus-Saifiyah Houston, TX | $197,075 | $577,616 |
Islamic Propagation Foundation Houston, TX | $2,358,733 | $311,883 |
Minhaj-Ul-Quran Dallas Carrollton, TX | $0 | $290,767 |
City Of Knowledge Carrollton, TX | $45,308 | $283,013 |
El-Iman Houston, TX | $210,721 | $338,648 |
Saleema Foundation Mansfield, TX | $99,797 | $265,683 |