Darul Qasim
- Assets
- $10.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Glendale Heights, IL
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 36-4398970
Organization Overview
Darul Qasim is located in Glendale Heights, IL. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Darul Qasim employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Darul Qasim 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 12/2023, Darul Qasim generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE LEARNING AND IMPARTING OF KNOKLEDGE DERIVED FROM PROPHETHOOD OF MUHAMMAD , ARABIC LANGUAGE AND RELIGIOUS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARABIC, GRAMMAR AND RELIGIOUS EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammed A Kholwadia President | Officer | 40 | $134,344 |
Junaid Zubairi Secretary | 5 | $0 | |
Rafi Syed Treasurer | 5 | $0 | |
Ahsan Arozullah Officer 4 | 5 | $0 | |
Zamir Syed Coordinator | Trustee | 5 | $0 |
Syed M Hussani Officer 5 | 5 | $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 | $2,453,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,453,346 |
| Total Program Service Revenue | $835,237 |
| Investment income | $1,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,290,091 |
| 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. | $134,344 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $929,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $79,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $5,889 |
| 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 | $2,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $216,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,848 |
| Insurance | $22,148 |
| All other expenses | $614,491 |
| Total functional expenses | $2,521,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,340,172 |
| Savings and temporary cash investments | $243,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,165 |
| 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 | $6,906,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $474,782 |
| Total assets | $10,259,811 |
| Accounts payable and accrued expenses | $343,655 |
| Grants payable | $0 |
| Deferred revenue | $272 |
| 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 | $3,762,534 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,106,461 |
| Net assets without donor restrictions | $5,893,233 |
| Net assets with donor restrictions | $260,117 |
| 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 | $10,259,811 |