Islamic Services Foundation
- Assets
- $12.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 163
- Location
- Richardson, TX
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 75-2352043
Organization Overview
Islamic Services Foundation is located in Richardson, TX. The organization was established in 1992. 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 12/2022, Islamic Services Foundation employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Services Foundation 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 12/2022, Islamic Services Foundation generated $8.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $9.1m during the year ending 12/2022. While expenses have increased by 1.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ISLAMIC SERVICES FOUNDATION (ISF) IS A NON-PROFIT ORGANIZATION, WHICH HAS BEEN DEDICATED TO SERVING THE MUSLIM COMMUNITY SINCE ITS FOUNDING IN 1989. HEAQUARTED IN THE DALLAS, TEXAS AREA, ISF IS HOME TO SERVERAL COMMUNITY SERVICE PROJECTS. ISLAMIC SERVICES FOUNDATION IS THE PARENT COMPANY OF BRIGHTER HORIZONS ACADEMY, ISLAMIC CURRICULUM PROJECT, MUSLIM YELLOW PAGES AND TEXAS ISLAMIC COURT.
Describe the Organization's Program Activity:
BRIGHTER HORIZONS ACADEMY IS A PRIVATE ISLAMIC SCHOOL SERVING NORTH TEXAS. THE ACADEMY'S MISSION IS TO GRADUATE PRACTICING MUSLIM LEADERS AND RESPONSIBLE CITIZENS WHO ARE WELL PREPARED FOR COLLEGE ENTRANCE AND CAREER CHALLENGES OF THE TWENTY FIRST CENTURY. OUR MISSION WILL BE ACHIEVED THROUGH EDUCATIONAL EXCELLENCE WITHIN HEALTHY LEARNING ENVIRONMENT, INTIMATE ADHERENCE TO ISLAMIC PRACTICES, AND STRONG COLLABORATION WITH POSITIVE INTERACTION AMONG SCHOOL, STUDENTS, PARENTS AND COMMUNITY. THE ACTIVITY AND REVENUES ARE USED TO ESTABLISH AND MAINTAIN ISLAMIC EDUCATIONAL INSTITUTIONS (BRIGHTER HORIZONS ACADEMY), IN FURTHERANCE OF THE EXEMPT PURPOSES OF THE FOUNDATION.
OTHER PROGRAMS IN FURTHERANCE OF THE EXEMPT PURPOSE OF THE FOUNDATION.
THE CURRICULUM PROJECT DEVELOPS CURRICULUM AND TEXTBOOKS FOR ISLAMIC STUDIES AND ARABIC LANGUAGE. TEXTBOOKS ARE IMPLEMENTED IN HUNDREDS OF SCHOOLS WORLDWIDE. THE ACTIVITY AND REVENUES ARE USED TO ESTABLISH AND MAINTAIN ISLAMIC EDUCATIONAL INSTITUTIONS (BRIGHTER HORIZONS ACADEMY), IN FURTHERANCE OF THE EXEMPT PURPOSES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruba Kuzbari Vice President | Officer | 10 | $0 |
Mohammad Ehsan Sayed President | Officer | 10 | $0 |
Isam Haboosh Finance | Officer | 10 | $0 |
Mahdi Al Hallak Secretary | Officer | 10 | $0 |
Waleed Gabr Dawah Secretary | Officer | 10 | $0 |
Suheib Omran Member At Large | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Furqan Corporation Teaching | 12/30/22 | $0 |
Lee Lewis Construction Inc Construction | 12/30/22 | $0 |
Quality 1 Energy Systems Co Construction | 12/30/22 | $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 | $435,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,703 |
| Total Program Service Revenue | $7,942,505 |
| 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 | $401,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,779,373 |
| 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 | $5,509,272 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $385,979 |
| Payroll taxes | $592,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,446 |
| Fees for services: Accounting | $30,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,585 |
| Office expenses | $0 |
| Information technology | $123,658 |
| Royalties | $0 |
| Occupancy | $32,712 |
| Travel | $16,360 |
| 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 | $402,995 |
| Insurance | $0 |
| All other expenses | $1,297,083 |
| Total functional expenses | $9,132,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,828,672 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,225,802 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,746,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,235,695 |
| Total assets | $12,262,713 |
| Accounts payable and accrued expenses | -$5,773 |
| 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 | $1,502,009 |
| Total liabilities | $1,496,236 |
| Net assets without donor restrictions | $10,766,477 |
| 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 | $12,262,713 |