The Oasis Initiative Foundation
- Assets
- $705.9k
- Revenue
- $811.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Northbrook, IL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 30-0780532
Organization Overview
The Oasis Initiative Foundation is located in Northbrook, IL. The organization was established in 2014. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oasis Initiative Foundation 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, Oasis Initiative Foundation generated $811.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $778.7k during the year ending 12/2021. While expenses have increased by 15.1% 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
RELIGION CLASSES FOR MUSLIM AMERICANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OASIS INITIATIVE FOUNDATION HOLDS RELIGION CLASSES TO ENABLE AMERICAN MUSLIMS TO UNDERSTAND THEIR FAITH THROUGH THE EXPANSIVE LENS OF RICH ISLAM TRADITION. MATTERS OF THE HEART: LESSON IN SPIRITUAL CULTIVATION AND BRINGING WORSHIP TO LIFE ARE TWO SUCH CLASSE
SPEAKING ENGAGEMENTS FOR RELIGIOUS, CULTURAL & EDUCATIONAL BENEFIT
RELIGIOUS PRODUCT SALES IN SUPPORT OF PROGRAM ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Umar Faruq Abd-Allah Director | Trustee | 40 | $60,000 |
Faisal Ghias Treasurer | OfficerTrustee | 40 | $24,000 |
Mansoor Panawala Chairman | OfficerTrustee | 5 | $0 |
Samirah Abd-Allah Member | Officer | $0 | |
Sana Syed Member | Officer | $0 | |
Noor Khan Member | Officer | $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 | $734,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,534 |
| Total Program Service Revenue | $76,990 |
| 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 | $811,524 |
| 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 | $67,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,045 |
| 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 | $101 |
| Office expenses | $53,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,446 |
| 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 | $0 |
| All other expenses | $537,442 |
| Total functional expenses | $778,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,448 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,478 |
| Total assets | $705,926 |
| Accounts payable and accrued expenses | $469 |
| 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 | $1,950 |
| Total liabilities | $2,419 |
| Net assets without donor restrictions | $703,507 |
| 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 | $705,926 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Oasis Initiative Foundation has recieved totaling $42,991.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $27,091 |
American Muslim Community Foundation Fremont, CA PURPOSE: FOR GENERAL PHILANTHROPY, RELIGIOUSLY MANDATED ALMSGIVING AND COMMUNITY POOLED FUNDING. | $15,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muslim Community Center Incorporate Chicago, IL | $16,317,970 | $7,162,457 |
Al-Furqaan Foundation Lombard, IL | $9,389,287 | $3,249,437 |
Rahmat-E-Alam Foundation Chicago, IL | $3,691,412 | $1,733,178 |
Dawat-E-Islami Usa Inc Chicago, IL | $3,216,326 | $2,187,273 |
At-Takaful Islamic Society Chicago, IL | $3,443,643 | $849,911 |
Alhussnain Indianapolis, IN | $963,343 | $926,353 |
The Oasis Initiative Foundation Northbrook, IL | $705,926 | $811,524 |
House Of Wisdom Inc Greenfield, WI | $980,324 | $310,182 |
Sacred Learning Nfp Lincolnwood, IL | $11,221,302 | $937,465 |
Rahmah Foundation Inc Lake Villa, IL | $6,370,567 | $496,721 |
Islamic Society Of Northwest Suburbs Of Chicago Rolling Meadows, IL | $5,954,676 | $2,092,486 |
Sirat Chicago Chicago, IL | $543,094 | $942,884 |