Islamic Medical Association Of North America Inc
- Assets
- $7.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Lombard, IL
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 36-4166125
Organization Overview
Islamic Medical Association Of North America Inc is located in Lombard, IL. The organization was established in 1999. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Islamic Medical Association Of North America Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Medical Association Of North America 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, Islamic Medical Association Of North America Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 12.0% 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
THE ASSOCIATION FOSTERS AND ASSISTS IN THE GROWTH, KNOWLEDGE AND ADVANCEMENT OF MEDICAL KNOWLEDGE AMONGST MUSLIM PHYSICIANS BY: 1. PROMOTING PROFESSIONAL INTERACTION AMONG PHYSICIANS AND HEALTH CARE PROFESSIONALS. 2. ASSISTING IN ORIENTATION, TRAINING AND EMPLOYMENT OPPORTUNITIES. 3. FACILITATING CONTINUED MEDICAL EDUCATION. 4. HOSTING CONVENTION, SEMINARS AND MEETINGS TO SHARE AND EXCHANGE MEDICAL KNOWLEDGE.THE ASSOCIATION ALSO CARRIES OUT RELIEF PROGRAMS AND OTHER CHARITABLE ACTIVITIES WITH EMPHASIS IN HEALTH CARE, EMERGENCY AND DISASTER RELIEF PROGRAMS. THE CHARITABLE PROGRAMS ARE NORMALLY CARRIED OUT BY GIVING GRANTS TO OTHER APPROVED AND REGISTERED NOT-FOR-PROFIT ORGANIZATIONS WORKING IN THOSE AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE RELIEF PROGRAMS & ZAKAT
CONVENTION, SEMINARS AND CONTINUED MEDICAL EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Labib Syed Secretary | Officer | 10 | $0 |
Nabile Safdar Past President | Officer | 15 | $0 |
Marium Husain President | Officer | 30 | $0 |
Anam Tariq Vice President | Officer | 20 | $0 |
Mohseen Syed Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $223,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,852,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,087,848 |
| Total Program Service Revenue | $0 |
| Investment income | $503,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,992 |
| 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 | $4,638,395 |
| 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 | $537,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $106,600 |
| 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 | $193,607 |
| Advertising and promotion | $171,379 |
| Office expenses | $12,720 |
| Information technology | $66,108 |
| Royalties | $0 |
| Occupancy | $50,278 |
| Travel | $23,237 |
| 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 | $54,565 |
| Insurance | $3,989 |
| All other expenses | $105,054 |
| Total functional expenses | $2,972,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,348,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,509 |
| 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 | $3,529 |
| Net Land, buildings, and equipment | $1,101,366 |
| Investments—publicly traded securities | $3,345,043 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,802,322 |
| Accounts payable and accrued expenses | $14,314 |
| 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 | $9,776 |
| Total liabilities | $24,090 |
| Net assets without donor restrictions | $1,730,753 |
| Net assets with donor restrictions | $6,047,479 |
| 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 | $7,802,322 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Islamic Medical Association Of North America Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
M B Ahmed Family Foundation Plano, TX PURPOSE: GENERAL | $1,000 |
Raza And Maryann Khan Foundation Lake Bluff, IL PURPOSE: CHARITABLE | $500 |
Endowment Analysis
| Beg. Balance | $2,088,368 |
| Earnings | $505,338 |
| Ending Balance | $2,593,706 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest Iowa Rec Corning, IA | $40,599,568 | $12,865,419 |
Underground Safety Alliance Inc Greenwood, IN | $4,222,370 | $11,681,610 |
Secure Community Network Inc Chicago, IL | $1,546,824 | $9,194,850 |
Midwest Mission Distribution Center Pawnee, IL | $7,426,456 | $6,925,095 |
World Bicycle Relief Nfp Chicago, IL | $9,936,422 | $9,592,329 |
Islamic Medical Association Of North America Inc Lombard, IL | $7,802,322 | $4,638,395 |
Goserv Global Inc Eagle Grove, IA | $1,816,509 | $3,526,160 |
National Association Of State Boating Law Administrators Inc Lexington, KY | $4,015,780 | $2,693,544 |
National Emergency Management Association Lexington, KY | $2,342,036 | $2,882,198 |
Helping His Hands Disaster Response Inc Vincennes, IN | $1,656,492 | $1,895,533 |
Illinois Valley Regional Dispatch Peru, IL | $1,594,774 | $1,164,593 |
Realtors Relief Foundation Chicago, IL | $10,324,102 | $8,505,056 |