Foundation For Islamic Scholarship And Teaching
- Assets
- $1.2m
- Revenue
- $59.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 06/2017
- Data as of
- 11/2023
- EIN
- 81-4621462
Organization Overview
Foundation For Islamic Scholarship And Teaching is located in Pleasanton, CA. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Islamic Scholarship And Teaching 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 11/2023, Foundation For Islamic Scholarship And Teaching generated $59.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.3%) each year. All expenses for the organization totaled $67.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation For Islamic Scholarship And Teaching has awarded 17 individual grants totaling $112,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE LOCATE, PUBLISH AND DISTRIBUTE RARE OR UNAVAILABLE BOOKS IN ENGLISH OR ARABIC OF RELEVANCE TO TEACHING CLASSICAL ISLAM IN AMERICA FROM AROUND THE WORLD. THESE PUBLICATIONS ARE SHIPPED TO THE USA AND DISTRIBUTED AS GRANTS TO USA-BASED SCHOLARS, STUDENTS, AND THE INTERESTED PUBLIC.
THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE IDENTIFY UNRECOGNIZED, LONG- STANDING VOLUNTEERS IN THE MUSLIM COMMUNITY WHO LACK THE FINANCIAL MEANS TO TAKE A RELIGIOUS PILGRIMAGE AND ORGANIZE A GROUP TRIP WITH THEM AND A SCHOLAR WHO TEACHES THEM BEFORE AND DURING THE TRAVEL. UPON RETURNING, WE PUBLISH THEIR REFLECTIONS IN AUDIOVISUAL AND ESSAY FORM FOR INTERESTED MEMBERS OF THE PUBLIC.
THE FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS AND STUDENTS OF CLASSICAL ISLAM. AS A PART OF THE MISSION, WE RENT AN APARTMENT AND MAKE IT AVAILABLE FOR VISITING SCHOLARS OF ISLAM AS A BASE OF REGULAR CLASSES AND TEACHING.
FOUNDATION FOR ISLAMIC SCHOLARSHIP AND TEACHING IS A NON- PROFIT ORGANIZATION PROVIDING FINANCIAL SUPPORT AND ASSISTANCE TO SCHOLARS TEACHING CLASSICAL ISLAM AND TO GRADUATE AND POST-GRADUATE STUDENTS OF CLASSICAL ISLAM. AS PART OF THIS MISSION, WE PROVIDE A VARIETY OF MISCELLANEOUS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pervez Akhtar Qureshi President | 5 | $0 | |
Ibrahim Husain Qureshi Treasurer | 3 | $0 | |
Abdullah Ridwan Qureshi Secretary | 3 | $0 | |
Syed Mubeen Saifullah Board Member | 1 | $0 | |
Tahir Anwar Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,510 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6,771 |
| Other expenses | $35,057 |
| Total operating and administrative expenses | $41,828 |
| Contributions, gifts, grants paid | $25,600 |
| Total expenses and disbursements | $67,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,784 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,666 |
| Other assets | $250,000 |
| Total assets | $1,179,450 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $755 |
| Total liabilities | $755 |
Grants Awarded
Over the last fiscal year, Foundation For Islamic Scholarship And Teaching has awarded $25,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE MOSQUE PURPOSE: SUPPORT | $2,300 |
LIGHTHOUSE MOSQUE PURPOSE: SUPPORT | $2,300 |
JUSTIN BENAVIDEZ PURPOSE: EDUCATION | $2,000 |
JUSTIN BENAVIDEZ PURPOSE: EDUCATION | $6,000 |
HAMZAH HASHMI PURPOSE: SUPPORT | $1,000 |
JUSTIN BENAVIDEZ PURPOSE: EDUCATION | $2,000 |