Islamic Cultural Center Of Medford Inc is located in Medford, MA. The organization was established in 2015. 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. Islamic Cultural Center Of Medford 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 12/2023, Islamic Cultural Center Of Medford Inc generated $452.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $184.2k during the year ending 12/2023. 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
OUR MISSION IS TO BE A SAFE SPACE FOR SPIRITUAL AND CULTURAL EXCHANGE AND A PILLAR FOR THE AMERICAN MUSLIM COMMUNITY TO LIVE AND LEARN ISLAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING ISLAM BASED ON THE HOLY QURAN AND PROMOTING AN ISLAMIC WAY OF LIFE INCLUDING DAILY 5 TIMES PRAYER AND WEEK-END RELIGIOUS EDUCATION PROGRAM. ALSO PROVIDING RELIGIOUS SERVICES AND COUNSELING.
PROMOTING ISLAM BASED ON THE HOLY QURAN AND PROMOTING AN ISLAMIC WAY OF LIFE INCLUDING DAILY 5 TIMES PRAYER AND WEEK-END RELIGIOUS EDUCATION PROGRAM. ALSO PROVIDING RELIGIOUS SERVICES AND COUNSELING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Khusru Alam Director | Trustee | $0 | |
MD Sekand Alam Director | Trustee | $0 | |
Mohammed J Alam Director | Trustee | $0 | |
Abul Bashar Director | Trustee | $0 | |
MD Sharier Chowdhury Director | Trustee | $0 | |
Mohiuddin Chowdhury Vice Preside | Trustee | $0 |
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 | $452,948 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $452,948 |
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 | $452,948 |
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 | $55,401 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,238 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,960 |
Fees for services: Accounting | $300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,000 |
Advertising and promotion | $780 |
Office expenses | $12,377 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $14,489 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,587 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $34,919 |
Insurance | $3,418 |
All other expenses | $100 |
Total functional expenses | $184,245 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $46,475 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $1,529,032 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $39,770 |
Other assets | $0 |
Total assets | $1,615,277 |
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 | $15,859 |
Other liabilities | $149,900 |
Total liabilities | $165,759 |
Net assets without donor restrictions | $1,449,518 |
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 | $1,615,277 |