Iqra Fund
- Assets
- $481.4k
- Revenue
- $992.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Bozeman, MT
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 45-2751655
Organization Overview
Iqra Fund is located in Bozeman, MT. The organization was established in 2012. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Iqra Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iqra Fund 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, Iqra Fund generated $992.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $815.1k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
IQRA FUND'S MISSION IS TO PROVIDE ACCESS TO SUSTAINABLE QUALITY EDUCATION IN REMOTE TRIBAL REGIONS OF PAKISTAN. WE CURRENTLY WORK "AT THE END OF THE ROAD" IN GILGIT-BALTISTAN, PAKISTAN PROVIDING THE CRITICAL SOCIAL SERVICES AND FUNDING NECESSARY TO BREAK THE FINANCIAL, SOCIAL, CULTURAL, POLITICAL, GEOGRAPHIC AND HISTORICAL BARRIERS THAT PREVENT GIRLS FROM GOING TO SCHOOL, STAYING IN SCHOOL, AND RECEIVING A QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IQRA FUND ESTABLISHES HIGH QUALITY SELF-SUSTAINING SCHOOL SYSTEMS IN THE REMOTE, MOUNTAINOUS REGIONS OF NORTHERN PAKISTAN. WE ARE DEDICATED TO EMPOWERING ALL STUDENTS, ESPECIALLY GIRLS.PARTNERING WITH COMMUNITIES THAT REQUEST OUR SUPPORT, WE PROVIDE ACCESS TO EDUCATION FOR BOTH GIRLS AND BOYS, WITH A PRIMARY GOAL OF ENSURING 100% OF THE GIRLS IN OUR PARTNER VILLAGES ATTEND SCHOOL. WE WORK WITH LOCAL GOVERNMENTS, COMMUNITY LEADERS, PARENTS, AND TEACHERS TO INVEST IN LONG-TERM STUDENT SUCCESS, IMPROVING GENERATIONAL PROSPERITY.THIS SUPPORT IS ACHIEVED THROUGH TUITION ASSISTANCE, BOOKS, MATERIALS, UNIFORMS, AND FEES, PROVIDING A GIRL-FRIENDLY SCHOOL ENVIRONMENT (INCLUDING CLASSROOM AND WASHROOM CONSTRUCTION), AND SUPPORTING TEACHERS' SALARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genevieve Walsh President & CEO | OfficerTrustee | 40 | $140,044 |
Mahira Razzak Director | Trustee | 1 | $0 |
Christine Monaghan Secretary | OfficerTrustee | 1 | $0 |
Saima Machlovi Director | Trustee | 1 | $0 |
Kathryn Everet Vice Chair | OfficerTrustee | 1 | $0 |
Rahat Azfar Chairman | OfficerTrustee | 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 | $985,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,338 |
| Total Program Service Revenue | $0 |
| Investment income | $6,636 |
| 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 | $991,974 |
| 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 | $20,527 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,044 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,568 |
| Payroll taxes | $14,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,775 |
| Fees for services: Accounting | $19,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,531 |
| Advertising and promotion | $454 |
| Office expenses | $17,443 |
| Information technology | $680 |
| Royalties | $0 |
| Occupancy | $5,701 |
| Travel | $81,482 |
| 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 | $3,000 |
| Insurance | $0 |
| All other expenses | $365 |
| Total functional expenses | $815,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $83,318 |
| Accounts receivable, net | $0 |
| 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 | $16,790 |
| Net Land, buildings, and equipment | $9,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,177 |
| Total assets | $481,417 |
| Accounts payable and accrued expenses | $10,284 |
| 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 | $6,168 |
| Total liabilities | $16,452 |
| Net assets without donor restrictions | $369,754 |
| Net assets with donor restrictions | $95,211 |
| 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 | $481,417 |