Marvelous Quran is located in Porter Ranch, CA. 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. Marvelous Quran is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS BEEN OPERATING, IN AN INFORMAL BASIS, SINCE 2019. IN 2021, THE ORGANIZATION'S FOUNDERS DECIDED TO FORMALIZE ITS ORGANIZATIONAL STRUCTURE AND LEGAL STANDING. 1. THE ORGANIZATION'S ACTIVITIES INCLUDE: A. TO ASSEMBLE, CURATE, TRANSLATE, PROMOTE, AND DISTRIBUTE EDUCATIONAL MATERIALS IN THE FORM OF BOOKS, RESEARCH REPORTS, AUDIO-VISUALS, INTERACTIVE MEDIA, SOFTWARE, PROMOTIONAL PRODUCTS, ETC. THESE ACTIVITIES ALLOW THE ORGANIZATION TO ACHIEVE ITS PRIMARY MISSION DESCRIBED ABOVE. B. TO PROVIDE TRAINING TO QUALIFIED ASSOCIATES AND SPEAKERS, ON ISSUES THAT RELATE TO ISLAM AND THE QURAN. C. TO ARRANGE FOR SPEAKING ENGAGEMENTS THAT ARE IN LINE WITH THE ORGANIZATIONAL ACTIVITIES. D. TO COLLABORATE WITH OTHER ORGANIZATIONS THAT MAY PROVIDE RESOURCES AND ASSISTANCE IN ANY WAY THAT HELPS THE ORGANIZATION ACHIEVE ITS GOALS AND MISSION. E. TO PROVIDE A PLATFORM FOR RESEARCH AND DEVELOPMENT AND IN THIS REGARD: F. TO MAKE AVAILABLE KEY KNOWLEDGE TOOLS SUCH AS: - I. A WELL-EQUIPPED LIBRARY; II. DATABASE AND ELECTRONIC CONNECTIVITY; AND III. WEBSITE FOR RESEARCH PUBLICATIONS AND INTERACTION. G. TO UNDERTAKE STEPS FOR PROMOTION OF RESEARCH SUCH AS: - I. TO DEFINE AND SUPPORT RESEARCH; II. TO ENCOURAGE MEMBERS TO CONDUCT RESEARCH; AND III. TO PARTICIPATE IN REGIONAL AND INTERNATIONAL RESEARCH INITIATIVES; H. TO UNDERTAKE ANY ACTIVITY FOR DEVELOPMENT SUCH AS; I. TO ARRANGE FUNDING FOR SUPPORTING RESEARCH; AND II. TO ORGANIZE AND SET UP A THINK TANK RELATED TO THE OBJECTS OF THE ORGANIZATION; AND J. TO PROVIDE A FORUM FOR PARTICIPATION OF ALL CONCERNED AND TO: I. SOLICIT VIEWS VIS-A-VIS THE OBJECTS OF THE ORGANIZATION; AND II. ENABLE DISCUSSION/DIALOGUE FOR PROMOTING QUALITY RESEARCH. 2. IN ORDER TO ACHIEVE ITS OBJECT, THE ORGANIZATION SHALL EXERCISE THE FOLLOWING POWERS: A. TO APPEAL, SOLICIT OR ACCEPT CONTRIBUTIONS, DONATIONS FROM LAWFUL SOURCES AND TO APPLY THE SAME OR INCOME THEREOF FOR THE OBJECTS OF THE ORGANIZATION; B. TO OPEN AND OPERATE BANK ACCOUNTS IN THE NAME OF THE ORGANIZATION AND TO DRAW, MAKE, ACCEPT, ENDORSE, EXECUTE AND ISSUE PROMISSORY NOTES, BILLS, CHECKS AND OTHER INSTRUMENTS; C. TO NOMINATE DELEGATES AND ADVISORS TO REPRESENT THE ORGANIZATION AT CONFERENCES AND OTHER GATHERINGS;
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Farooq Ahmad Chief Executive | 5 | $0 | |
Hany Atchan Chief Financial Officer | 40 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $50,359 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $50,359 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $4,250 |
Professional fees and other payments to independent contractors | $597 |
Occupancy, rent, utilities, and maintenance | $3,197 |
Printing, publications, postage, and shipping | $1,620 |
Other expenses | $0 |
Total expenses | $9,664 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $48,938 |
Other assets | $0 |
Total assets | $48,938 |
Total liabilities | $8,243 |
Net assets or fund balances | $40,695 |
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