Khair Inc
- Assets
- $1.4m
- Revenue
- $809.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Collegeville, PA
- Founding
- 07/2016
- Data as of
- 12/2017
- EIN
- 47-0972586
Organization Overview
Khair Inc is located in Collegeville, PA. The organization was established in 2016. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Khair 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 12/2017, Khair Inc generated $809.7k in total revenue. All expenses for the organization totaled $173.0k during the year ending 12/2017.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE MASJID AND COLLABORATION WE PLAN TO OFFER A WIDE VARIETY OFPROGRAMS AND SERVICES FOR THE COMMUNITY. WITH THE UNDERSTANDING THAT OUR CENTER WILL BE AVAILABLE TO ALL WHO COME, TO FACILITATE AN OPEN AND INCLUSIV
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE MASJID AND COLLABORATION WE OFFER A WIDE VARIETY OF PROGRAMS AND SERVICES FOR THE COMMUNITY. WITH THE UNDERSTANDING THAT OUR CENTER THAT IS AVAILABLE TO ALL WHOEVER COMES TO THE FACILITY. ALSO, TO FACILITATE AN OPEN AND INCLUSIVE ENVIRONMENT TO CATER TO THEIR SPIRITUAL AND COMMUNAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bilal Baqai President | Officer | $0 | |
Abdullah Bakran Secretary | Officer | $0 | |
Sami Haq Treasurer | Officer | $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 | $809,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,716 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $809,716 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,012 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,041 |
| 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 | $0 |
| Advertising and promotion | $3,714 |
| Office expenses | $2,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,716 |
| Travel | $571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $172,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750,254 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $470,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,684 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,371,938 |
| 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 | $470,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $470,000 |
| Unrestricted restricted net Assets | $751,938 |
| Temporarily restricted net Assets | $150,000 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $901,938 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Khair Inc has recieved totaling $18,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGIOUS | $18,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Italian American Org Of Brooklyn Ltd Brooklyn, NY | $18,192,527 | $6,779,370 |
Islamic Education Foundation Of New Jersey Inc Wayne, NJ | $1,524,545 | $3,505,932 |
Islamic Circle Of North America Inc Jamaica, NY | $9,118,445 | $4,060,326 |
Islamic Society Of Central Jersey Monmouth Junction, NJ | $16,726,193 | $2,240,124 |
Tarbiyah Sch Inc Newark, DE | $15,175 | $1,151,857 |
Muslim Federation Of New Jersey Inc Jersey City, NJ | $544,486 | $732,548 |
Dar Al Taqwa Incorporated Ellicott City, MD | $12,316,129 | $678,883 |
Baitul Mamur Masjid & Community Brooklyn, NY | $2,549,551 | $1,074,835 |
Hillside Islamic Center New Hyde Park, NY | $5,622,658 | $1,466,226 |
Muslim Foundation Inc Somerset, NJ | $11,328,320 | $1,328,234 |
Greater Dayton Islamic Foundation Inc Beavercreek, OH | $1,566,909 | $803,501 |
Yam Hachesed Vhatorah Monsey, NY | $241,102 | $613,530 |