Iqra International Educational Foundation Inc
- Assets
- $1.4m
- Revenue
- $947.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Skokie, IL
- Founding
- 12/1987
- Data as of
- 12/2021
- EIN
- 36-3266715
Organization Overview
Iqra International Educational Foundation Inc is located in Skokie, IL. The organization was established in 1987. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Iqra International Educational Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iqra International Educational Foundation 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, Iqra International Educational Foundation Inc generated $947.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $918.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. 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
THE FOUNDATION FOSTERS AND PROMOTE THE DEVELOPMENT, KNOWLEDGE AND ADVANCEMENT OF EDUCATION OF THE ISLAMIC RELIGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, PRINTING, SELLING OF ISLAMIC LITERATURE CONSULTING AND DEVELOPMENT OF BOOKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tasneema Ghazi Executive Directpr | OfficerTrustee | 40 | $32,000 |
Habeeb Quadri Director | Trustee | 1 | $0 |
Samana Khan Director | Trustee | 1 | $0 |
Syed K Hussain Director | Trustee | 1 | $0 |
Rashid Ghazi Director | Trustee | 1 | $0 |
Suhaib Ghazi Director | Trustee | 1 | $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 | $134,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,537 |
| Total Program Service Revenue | $790,214 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,800 |
| 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 | $947,573 |
| 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 | $31,770 |
| Other salaries and wages | $192,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,003 |
| Payroll taxes | $23,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,597 |
| Information technology | $29,000 |
| Royalties | $0 |
| Occupancy | $44,782 |
| Travel | $7,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,580 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,797 |
| Insurance | $30,198 |
| All other expenses | $23,771 |
| Total functional expenses | $918,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,816 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $459,464 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $674,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,899 |
| Intangible assets | $0 |
| Other assets | $1,141 |
| Total assets | $1,351,475 |
| Accounts payable and accrued expenses | $126,403 |
| 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 | $0 |
| Total liabilities | $126,403 |
| Net assets without donor restrictions | $1,225,072 |
| 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 | $1,351,475 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iqra International Educational Foundation Inc has recieved totaling $31,500.
| Awarding Organization | Amount |
|---|---|
The Mirza Family Foundation Herndon, VA PURPOSE: PROGRAM ASSISTANCE - COMMUNITY CENTER ROOF REPAIR/EDUCATIONAL SERVICES | $30,000 |
Islamic Food And Nutriton Council Of America Des Plaines, IL PURPOSE: eDUCATIONAL | $1,500 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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