Ar-Raheem Academy Inc
- Assets
- $0.0
- Revenue
- $301.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 03/2018
- Data as of
- 12/2019
- EIN
- 81-4071474
Organization Overview
Ar-Raheem Academy Inc is located in Waltham, MA. The organization was established in 2018. 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. Ar-Raheem Academy 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 12/2019, Ar-Raheem Academy Inc generated $301.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $261.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 2 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TUTORIAL STUDIES IN ACADEMICS AND RELIGIOUS STUDIES THAT WILL PROVIDE THE NECESSARY SKILLS FOR OUR NEXT GENERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYROLL FOR THE ACADEMY
OCCUPANCY
UTILITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdul K Kasozi Treasurer | Officer | 20 | $0 |
Taimur Khan Secretary | Officer | 25 | $0 |
Mohammed Asifuddin President | Officer | 20 | $0 |
Syed Y Raheem Director | Trustee | 15 | $0 |
Taha Saddiqui Director | Trustee | 15 | $0 |
Syed Tareq Bokhary Director | Trustee | 15 | $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 | $301,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,063 |
| 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 | $301,063 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $112,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $543 |
| Fees for services: Accounting | $8,000 |
| 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 | $18,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,502 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $837 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,593 |
| All other expenses | $0 |
| Total functional expenses | $261,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
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|---|---|---|
Federation Of Italian American Org Of Brooklyn Ltd Brooklyn, NY | $18,192,527 | $6,779,370 |
Mas Boston Society Inc Roxbury Crossing, MA | $910,141 | $3,286,832 |
Islamic Circle Of North America Inc Jamaica, NY | $9,118,445 | $4,060,326 |
Baitul Mamur Masjid & Community Brooklyn, NY | $2,549,551 | $1,074,835 |
Hillside Islamic Center New Hyde Park, NY | $5,622,658 | $1,466,226 |
Bridgeport Islamic Community Center Bridgeport, CT | $1,325,894 | $738,083 |
Yam Hachesed Vhatorah Monsey, NY | $241,102 | $613,530 |
Parkchester Islamic Center Inc Bronx, NY | $532,502 | $876,383 |
Islamic Society Of Western Massachusetts West Springfield, MA | $4,410,161 | $454,150 |
American Muslim Center Everett, MA | $59,194 | $419,480 |
Cordoba House New York, NY | $15,403 | $350,437 |
Muslim Community Center Of New York City Inc Brooklyn, NY | $725,440 | $952,580 |