Iqra Academy Of Virginia
- Assets
- $750.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Midlothian, VA
- Founding
- 09/2006
- Data as of
- 07/2021
- EIN
- 56-2525403
Organization Overview
Iqra Academy Of Virginia, operating under the name Al Madina School Of Richmond, is located in Midlothian, VA. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, AL Madina School Of Richmond employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. AL Madina School Of Richmond 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 07/2021, AL Madina School Of Richmond generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $762.8k during the year ending 07/2021. While expenses have increased by 25.0% per year over the past 6 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
PROVIDE EDUCATION CONSISTENT WITHIN ISLAMIC TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION CONSISTENT WITHIN ISLAMIC TRADITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saima Saleem Secretary | OfficerTrustee | 2 | $0 |
Jamiel Adeyola Treasurer | OfficerTrustee | 2 | $0 |
Amir Saeed Chair | OfficerTrustee | 2 | $0 |
Tarek Elganainy Vice Chair | OfficerTrustee | 2 | $0 |
Anita Elcock Fundraiser/community Relations | Trustee | 2 | $0 |
Name Not Listed Curriculum Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,402 |
| Related organizations | $0 |
| Government grants | $256,130 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,524 |
| Total Program Service Revenue | $588,182 |
| Investment income | $99,962 |
| 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 | $1,233,668 |
| 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 | $372,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $65,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,665 |
| 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 | $25,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $15,985 |
| All other expenses | $85,661 |
| Total functional expenses | $762,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,915 |
| 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 | $3,075 |
| Net Land, buildings, and equipment | $141,470 |
| Investments—publicly traded securities | $368,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,623 |
| Accounts payable and accrued expenses | $8,330 |
| Grants payable | $0 |
| Deferred revenue | $2,406 |
| 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 | $0 |
| Total liabilities | $10,736 |
| Net assets without donor restrictions | $739,887 |
| 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 | $750,623 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iqra Academy Of Virginia has recieved totaling $25,974.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $12,987 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $12,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |