Ibn Sina Foundation Inc
- Assets
- $17.6m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 96
- Location
- Houston, TX
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 76-0698464
Organization Overview
Ibn Sina Foundation Inc is located in Houston, TX. The organization was established in 2002. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Ibn Sina Foundation Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibn Sina Foundation 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 12/2022, Ibn Sina Foundation Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $10.2m during the year ending 12/2022. While expenses have increased by 5.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHARITABLE SERVICES RELATING TO PROVIDING GENERAL PUBLIC WITH PREVENTIVE AND PRIMARY MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES INTEGRATED, PREVENTIVE, PRIMARY MEDICAL AND DENTAL SERVICES TO THE GENERAL PUBLIC FOR MINIMAL COST. MAJORITY OF PATIENTS SERVED REPRESENT THE UNINSURED AND LOW-INCOME SEGMENT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salma S Aly Director | Trustee | 2 | $0 |
Moosa Bhayani Director | Trustee | 2 | $0 |
Akbar Habib Hon. Secreta | OfficerTrustee | 2 | $0 |
Aslam Jiwani Director | Trustee | 2 | $0 |
Salma Meghani Director | Trustee | 2 | $0 |
Akber Momin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
El Deeb Llc Contract | 12/30/22 | $963,890 |
Timothy Gutierrez Dds Inc Contract | 12/30/22 | $151,300 |
Klr Dental Solutions Pllc Contract | 12/30/22 | $137,966 |
Sweetwater Dental Pllc Contract | 12/30/22 | $120,441 |
Eva Kin Contract | 12/30/22 | $126,988 |
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 | $1,136,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,136,930 |
| Total Program Service Revenue | $11,915,875 |
| Investment income | $590,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,062 |
| 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 | $14,306,640 |
| 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 | $6,625,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $310,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $276,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $191,494 |
| Office expenses | $49,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,065 |
| Travel | $18,702 |
| 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 | $376,104 |
| Insurance | $133,173 |
| All other expenses | $227,452 |
| Total functional expenses | $10,243,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,805,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,800,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,566,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $223,607 |
| Other assets | $133,726 |
| Total assets | $17,595,080 |
| Accounts payable and accrued expenses | $466,422 |
| 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 | $490,724 |
| Total liabilities | $957,146 |
| Net assets without donor restrictions | $16,637,934 |
| 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 | $17,595,080 |