Zaytuna College
- Assets
- $43.6m
- Revenue
- $19.4m
- Investments
- $165.3k
- Employees
- 91
- Location
- Berkeley, CA
- Founding
- 03/1997
- Data as of
- 07/2022
- EIN
- 33-0720978
Organization Overview
Zaytuna College is located in Berkeley, CA. The organization was established in 1997. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. As of 07/2023, Zaytuna College employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zaytuna College 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 07/2022, Zaytuna College generated $19.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $13.3m during the year ending 07/2022. While expenses have increased by 10.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE & PREPARE MORALLY COMMITTED PROFESSIONAL, INTELLECTUAL, & SPIRITUAL LEADERS GROUNDED IN THE ISLAMIC SCHOLARLY TRADITIONS & CRITICAL IDEAS SHAPING MODERN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDERGRADUATE PROGRAM: THE COLLEGE COMMENCED ITS INAUGURAL YEAR ON AUGUST 22, 2022, WITH A FRESHMAN CLASS OF 14 STUDENTS. THERE ARE TWO LIBERAL ART MAJORS OFFERED AND THE COLLEGE CURRICULUM EMPHASIZES KEY FOUNDATIONAL TEXTS; AN IN-DEPTH EXAMINATION OF CRITICAL METHODOLOGICAL ISSUES; A SOLID COMMAND OF THE ARABIC LANGUAGE; A FAMILIARITY WITH THE MOST IMPORTANT ISLAMIC SCIENCES; AND A FIRM GROUNDING IN THE SOCIAL SCIENCES AND THE HUMANITIES. THIS CURRICULUM ALSO FULFILLS THE REQUIREMENTS ESTABLISHED BY THE MOST RIGOROUS ACCREDITING ORGANIZATIONS OF AMERICAN HIGHER EDUCATION.
ZAYTUNA COLLEGE AIMS TO EDUCATE AND PREPARE MORALLY COMMITTED PROFESSIONAL, INTELLECTUAL, AND SPIRITUAL LEADERS, WHO ARE GROUNDED IN THE ISLAMIC SCHOLARLY TRADITION AND CONVERSANT WITH THE CULTURAL CURRENTS AND CRITICAL IDEAS SHAPING MODERN SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Omar Qureshi Provost | 40 | $191,250 | |
Hamza Yusuf Hanson President | OfficerTrustee | 40 | $156,250 |
Dr Aisha Subhani Vice President | OfficerTrustee | 40 | $172,000 |
Ali Ataie Director Of Undergrad Programs | 40 | $135,000 | |
Fadi Elhin Director Of Masters Program | 40 | $134,875 | |
Sumaira Akhtar Director Of Institutional Effe | 40 | $141,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Osoria Pena Family Entreprises Maintenance/const | 7/30/23 | $200,975 |
Steven Utley Maintenance/const | 7/30/23 | $151,921 |
Soto Bay Construction Maintenance/const | 7/30/23 | $208,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,945,420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,327,656 |
| Noncash contributions included in lines 1a–1f | $269,566 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,273,076 |
| Total Program Service Revenue | $2,101,308 |
| Investment income | $47,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $130,400 |
| Net Gain/Loss on Asset Sales | $30,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,696 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,391,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,895,987 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $503,975 |
| Compensation of current officers, directors, key employees. | $328,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,600,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,016,057 |
| Payroll taxes | $431,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,946 |
| Fees for services: Accounting | $52,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $658,688 |
| Advertising and promotion | $83,979 |
| Office expenses | $873,147 |
| Information technology | $240,782 |
| Royalties | $0 |
| Occupancy | $2,052,700 |
| Travel | $48,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,569 |
| Interest | $92,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $482,997 |
| Insurance | $54,329 |
| All other expenses | $0 |
| Total functional expenses | $13,283,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,946,835 |
| Savings and temporary cash investments | $4,834,661 |
| Pledges and grants receivable | $2,358,114 |
| Accounts receivable, net | $142,264 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $154,511 |
| Prepaid expenses and deferred charges | $62,208 |
| Net Land, buildings, and equipment | $28,569,267 |
| Investments—publicly traded securities | $5,240,170 |
| Investments—other securities | $165,324 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $43,623,354 |
| Accounts payable and accrued expenses | $321,564 |
| 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 | $3,823,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,675 |
| Total liabilities | $4,185,317 |
| Net assets without donor restrictions | $26,407,640 |
| Net assets with donor restrictions | $13,030,397 |
| 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 | $43,623,354 |