Zaytuna College
- Assets
- $36.5m
- Revenue
- $12.8m
- Investments
- $161.9k
- Employees
- 75
- Location
- Berkeley, CA
- Founding
- 03/1997
- Data as of
- 07/2021
- 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 07/2021, Zaytuna College employed 75 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 07/2021, Zaytuna College generated $12.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $10.2m during the year ending 07/2021. While expenses have increased by 7.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
UNDERGRADUATE PROGRAM: THE COLLEGE COMMENCED ITS ACADEMIC YEAR ON AUGUST 24, 2020, WITH A FRESHMAN CLASS OF 20 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.
SUMMER ARABIC INTENSIVE PROGRAM: THIS PROGRAM RAN FROM JUNE 1 TO JULY 22, 2021. THIS 6-WEEK PROGRAM PROVIDED INTRODUCTORY AND INTERMEDIATE LEVEL STUDENTS WITH A RIGOROUS, COMPLETE-IMMERSION LANGUAGE EXPERIENCE IN AN ARABIC-ONLY ENVIRONMENT. THE SUMMER PROGRAM HOSTED APPROXIMATELY 17 STUDENTS FROM THE U.S.; 2 STUDENTS FROM CANADA, AND 1 STUDENT FROM SOUTH AFRICA, ENROLLED IN INTRODUCTORY, INTERMEDIATE AND ADVANCED LEVEL CLASSES. ZAYTUNA HIRED QUALIFIED ARABIC TEACHERS TO PARTICIPATE IN THIS SUMMER PROGRAM AND INVITED SCHOLARS FROM VARIOUS UNIVERSITIES AS SPECIAL GUEST SPEAKERS FOR WEEKLY LECTURE SERIES. BY THE END OF THE PROGRAM, STUDENTS WHO SUCCESSFULLY COMPLETED ALL THE COURSEWORK WERE GIVEN CERTIFICATES OF COMPLETION AND 10 UNITS OF CREDIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Omar Qureshi Provost | Officer | 40 | $187,934 |
Dr Hatem Bazian Former Trustee/officer | 40 | $131,875 | |
Jawad Qureshi Director Of Masters Program | 40 | $122,932 | |
Safir Ahmed Director Of Communications | 40 | $118,442 | |
Faraz Khan Assistant Professor | 40 | $112,642 | |
Zaid Shakir Former Trustee | 40 | $50,557 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,616,139 |
| Related organizations | $0 |
| Government grants | $818,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,700,955 |
| Noncash contributions included in lines 1a–1f | $122,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,135,094 |
| Total Program Service Revenue | $1,347,300 |
| Investment income | $47,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,150 |
| Net Gain/Loss on Asset Sales | $43,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $95,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,806,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,327,595 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $474,268 |
| Compensation of current officers, directors, key employees. | $125,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,872,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $590,128 |
| Payroll taxes | $347,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,599 |
| Fees for services: Accounting | $49,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $824,972 |
| Advertising and promotion | $31,973 |
| Office expenses | $837,067 |
| Information technology | $119,194 |
| Royalties | $0 |
| Occupancy | $1,042,692 |
| Travel | $14,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $438,900 |
| Insurance | $0 |
| All other expenses | $66,726 |
| Total functional expenses | $10,153,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,730,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,360,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,566 |
| Prepaid expenses and deferred charges | $41,357 |
| Net Land, buildings, and equipment | $24,899,881 |
| Investments—publicly traded securities | $3,153,535 |
| Investments—other securities | $161,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,168 |
| Total assets | $36,516,784 |
| Accounts payable and accrued expenses | $359,331 |
| 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 | $2,634,670 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,825 |
| Total liabilities | $3,019,826 |
| Net assets without donor restrictions | $22,009,807 |
| Net assets with donor restrictions | $11,487,151 |
| 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 | $36,516,784 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Zaytuna College has recieved totaling $37,750.
| Awarding Organization | Amount |
|---|---|
R&b Abbasi Foundation Inc Belle Mead, NJ PURPOSE: DONATION | $32,750 |
Hibban And Zainab Charitable Foundation Canton, MI PURPOSE: EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $2,557,521 |
| Net Contributions | $915,321 |
| Ending Balance | $3,472,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zaytuna College Berkeley, CA | $36,516,784 | $12,806,217 |
Islamic Center Of Irvine Inc Irvine, CA | $4,547,773 | $1,805,199 |
World Affairs Council Of Northern California San Francisco, CA | $9,139,915 | $2,467,087 |
Al-Misbaah Sacramento, CA | $251,591 | $1,440,118 |
Islamic Center Of Southern California Los Angeles, CA | $3,976,677 | $2,583,642 |
Islamic Association Of Immigrants Hayward, CA | $2,388,327 | $1,182,546 |
Orange County Islamic Foundation Mission Viejo, CA | $4,528,712 | $1,876,411 |
San Ramon Valley Islamic Center San Ramon, CA | $3,997,830 | $1,196,107 |
West Coast Islamic Society Anaheim, CA | $1,505,036 | $798,997 |
Sahaba Initiative Inc San Bernardino, CA | $372,064 | $676,653 |
Dawat-E-Islami Inc Sacramento, CA | $6,984,600 | $1,553,734 |
Tolerance Foundation Huntington Beach, CA | $2,167,805 | $674,024 |