Muslim Society Inc
- Assets
- $3.5m
- Revenue
- $563.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Glendale Heights, IL
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 36-3605387
Organization Overview
Muslim Society Inc is located in Glendale Heights, IL. The organization was established in 1990. 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, Muslim Society Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muslim Society 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, Muslim Society Inc generated $563.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $385.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
PROVIDE COMMUNITY FOR A PLACE TO PRAY AND WHERE CHILDREN CAN LEARN QURAN. ALSO, PROVIDE MARRIAGE AND FUNERAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS TAUGHT CHILDREN HOW TO READ THE HOLY QURAN, HOSTED DAILY AND FRIDAY CONGREGATIONS, ISLAMIC EDUCATION FOR CHILDREN AND PERFORMED MARRIAGES AND FUNERAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammed Shabbir Hassan President | OfficerTrustee | 15 | $0 |
Syed Afsarullah Director | OfficerTrustee | 5 | $0 |
Muhammad Ismail Noman Secretary | OfficerTrustee | 5 | $0 |
Imran Ajmeri Director | Trustee | 5 | $0 |
Jameel Saeed Secretary | Trustee | 5 | $0 |
Anees Mirza Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,628 |
| Total Program Service Revenue | $88,084 |
| Investment income | $15,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,481 |
| 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 | $563,227 |
| 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 | $142,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $86,982 |
| Advertising and promotion | $0 |
| Office expenses | $805 |
| Information technology | $5,232 |
| Royalties | $0 |
| Occupancy | $59,225 |
| Travel | $0 |
| 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 | $38,834 |
| Insurance | $4,184 |
| All other expenses | $9,721 |
| Total functional expenses | $385,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,021,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,650 |
| 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 | $2,297,874 |
| Investments—publicly traded securities | $71,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,141 |
| Total assets | $3,499,459 |
| Accounts payable and accrued expenses | $0 |
| 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 | $460,896 |
| Total liabilities | $460,896 |
| Net assets without donor restrictions | $3,038,563 |
| 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 | $3,499,459 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Muslim Society Inc has recieved totaling $23,314.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $13,314 |
Islamic Food And Nutriton Council Of America Des Plaines, IL PURPOSE: Religious | $10,000 |
Endowment Analysis
| Beg. Balance | $20,961 |
| Earnings | -$310 |
| Net Contributions | $8,500 |
| Ending Balance | $29,151 |
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 |