Ibn Sina Foundation Inc
- Assets
- $14.0m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 89
- Location
- Houston, TX
- Founding
- 09/2002
- Data as of
- 12/2021
- 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 12/2021, Ibn Sina Foundation Inc employed 89 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 12/2021, Ibn Sina Foundation Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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
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 |
|---|---|---|---|
Akbar Habib Hon. Secreta | OfficerTrustee | $0 | |
Salma S Aly Director | Trustee | $0 | |
Moosa Bhayani Director | Trustee | $0 | |
Aslam Jiwani Director | Trustee | $0 | |
Akber Momin Director | Trustee | $0 | |
Salma Meghani Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
El Deeb Llc Contract | 12/30/21 | $811,102 |
Ali Raza Memar Contract | 12/30/21 | $136,076 |
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 | $1,101,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,131 |
| Total Program Service Revenue | $10,603,975 |
| Investment income | $383,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,307 |
| 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 | $12,803,088 |
| 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 | $5,859,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $270,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $159,666 |
| Office expenses | $24,215 |
| Information technology | $29,043 |
| Royalties | $0 |
| Occupancy | $131,113 |
| Travel | $4,009 |
| 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 | $359,284 |
| Insurance | $120,710 |
| All other expenses | $86,382 |
| Total functional expenses | $8,770,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,465,580 |
| 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 | $6,700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,749,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,800 |
| Total assets | $13,986,767 |
| Accounts payable and accrued expenses | $311,448 |
| 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 | $232,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $859,594 |
| Total liabilities | $1,403,844 |
| Net assets without donor restrictions | $12,582,923 |
| 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 | $13,986,767 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Ibn Sina Foundation Inc has recieved totaling $2,299,463.
| Awarding Organization | Amount |
|---|---|
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $946,267 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $946,267 |
The Cullen Trust For Health Care Houston, TX PURPOSE: Operating support | $125,000 |
Project Hope The People To People Health Foundation Inc Washington, DC PURPOSE: GLOBAL HEALTH PROGRAM | $118,669 |
National Association Of Free And Charitable Clinics Inc Alexandria, VA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE WITH HEALTHCARE TO UNINSURED AND UNDERINSURED INDIVIDUALS. | $100,000 |
National Association Of Free And Charitable Clinics Inc Alexandria, VA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE WITH HEALTHCARE TO UNINSURED AND UNDERINSURED INDIVIDUALS. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1st Choice Healthcare Inc Corning, AR | $30,108,246 | $26,466,307 |
Mercy Hospital Berryville Berryville, AR | $4,645,616 | $18,449,108 |
Tyler Family Circle Of Care Tyler, TX | $23,015,653 | $18,767,550 |
River Valley Primary Care Services Incorporated Ratcliff, AR | $13,283,369 | $17,570,886 |
Opelousas General Health System Physician Practices Opelousas, LA | $4,190,728 | $9,572,962 |
Project Vida Health Center El Paso, TX | $7,394,555 | $13,687,641 |
Hill Country Primary Care Physicians Fredericksburg, TX | $3,019,631 | $8,082,129 |
Baptist Physician Network Beaumont, TX | $1,146,914 | $7,284,873 |
Midland Community Healthcare Services Midland, TX | $5,963,754 | $14,795,001 |
Centro San Vicente El Paso, TX | $11,316,152 | $17,175,338 |
Spring Branch Community Health Center Houston, TX | $12,121,798 | $13,026,957 |
Primary Health Services Center Monroe, LA | $17,892,896 | $15,279,245 |