Masjid Al-Rasheed Inc
- Assets
- $1.1m
- Revenue
- $344.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Baldwin, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-4508367
Organization Overview
Masjid Al-Rasheed Inc is located in Baldwin, NY. 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. Masjid Al-Rasheed 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, Masjid Al-Rasheed Inc generated $344.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $166.3k during the year ending 12/2021. 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
ISLAMIC MOSQUE - TO ENCOURAGE AND PROMOTE THE STUDY OF QURAN, AHADEES, TEACHING AND PRACTICE THE RELIGION OF ISLAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLAMIC MOSQUE - TO ENCOURAGE AND PROMOTE THE STUDY OF QURAN, AHADEES, TEACHING AND PRACTICE THE RELIGION OF ISLAM.
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PDF Copies of 990 Filings
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 | $344,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,405 |
| 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 | $344,405 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,600 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,338 |
| Advertising and promotion | $6,760 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,023 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,147 |
| Insurance | $4,675 |
| All other expenses | $18,142 |
| Total functional expenses | $166,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $203,800 |
| 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 | $925,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,139,583 |
| 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 | $615,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $615,000 |
| 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 | $346,457 |
| Retained earnings, endowment, accumulated income, or other funds | $178,126 |
| Total liabilities and net assets/fund balances | $1,139,583 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masjid Al-Rasheed Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Ali Shifa Foundation Inc Baldwin, NY PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Italian American Org Of Brooklyn Ltd Brooklyn, NY | $18,192,527 | $6,779,370 |
Islamic Education Foundation Of New Jersey Inc Wayne, NJ | $1,524,545 | $3,505,932 |
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 |
Islamic Society Of Central Jersey Monmouth Junction, NJ | $16,726,193 | $2,240,124 |
Muslim Federation Of New Jersey Inc Jersey City, NJ | $544,486 | $732,548 |
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 |
Muslim Foundation Inc Somerset, NJ | $11,328,320 | $1,328,234 |
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 |