Civic Intelligence

Al-Furqaan Foundation

990 • Fiscal year 2014 • EIN 20-0310701

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 03, 2015

444 E Roosevelt RoadLombard, IL 60148

(630) 914-5015

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.60x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.05x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

64th percentile

8.0%

Higher net margin than 64% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

39th percentile

$27,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

70th percentile

9.8%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,699,181

Up $240,862 (+9.8%) from 2013

Net Assets

Up

$1,086,470

Up $118,930 (+12%) from 2013

Liabilities

Up

$1,612,711

Up $121,932 (+8.2%) from 2013

Revenue

Down

$1,532,813

Down $1,101,261 (-42%) from 2013

Expenses

Down

$1,410,758

Down $709,144 (-33%) from 2013

Net Income

Down

$122,055

Down $392,117 (-76%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $2,067,376Liabilities 2010: $1,357,690Net Assets 2010: $709,6862010Assets 2011: $2,410,269Liabilities 2011: $1,699,687Net Assets 2011: $710,5822011Assets 2012: $2,463,151Liabilities 2012: $2,009,783Net Assets 2012: $453,3682012Assets 2013: $2,458,319Liabilities 2013: $1,490,779Net Assets 2013: $967,5402013Assets 2014: $2,699,181Liabilities 2014: $1,612,711Net Assets 2014: $1,086,4702014Assets 2015: $3,478,746Liabilities 2015: $1,817,442Net Assets 2015: $1,661,3042015Assets 2016: $6,189,039Liabilities 2016: $2,085,233Net Assets 2016: $4,103,8062016Assets 2017: $7,107,992Liabilities 2017: $3,474,197Net Assets 2017: $3,633,7952017Assets 2018: $7,767,872Liabilities 2018: $3,418,716Net Assets 2018: $4,349,1562018Assets 2019: $8,405,664Liabilities 2019: $3,775,239Net Assets 2019: $4,630,4252019Assets 2020: $9,389,287Liabilities 2020: $4,056,563Net Assets 2020: $5,332,7242020

Highlighted filing

2014

Assets$2,699,181
Liabilities$1,612,711
Net Assets$1,086,470

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,520,4482010Expenses 2011: $2,396,1272011Expenses 2012: $2,385,0972012Revenue 2013: $2,634,074Expenses 2013: $2,119,902Net Income 2013: $514,1722013Revenue 2014: $1,532,813Expenses 2014: $1,410,758Net Income 2014: $122,0552014Revenue 2015: $2,286,057Expenses 2015: $1,711,121Net Income 2015: $574,9362015Revenue 2016: $4,649,999Expenses 2016: $2,207,498Net Income 2016: $2,442,5012016Revenue 2017: $2,767,353Expenses 2017: $3,237,363Net Income 2017: -$470,0102017Revenue 2018: $3,533,036Expenses 2018: $2,817,673Net Income 2018: $715,3632018Revenue 2019: $3,370,459Expenses 2019: $3,089,194Net Income 2019: $281,2652019Revenue 2020: $3,249,437Expenses 2020: $2,547,450Net Income 2020: $701,9872020

Highlighted filing

2014

Revenue$1,532,813
Expenses$1,410,758
Net Income$122,055
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$1,665,738
Mission and Program Overview

Mission

To inform and educate all the residents of the united states the truth

To inform and educate all the residents of the United States the truth about Islam and its core principles and to counter the negative media information that is being disseminated about Islam and to produce, develop, acquire, and distribute any literature to explain the truth about Islam, on any media including books, pamphlets, CDs, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,156,247$1,122,420▼ $33,827
Other Notes and Loans Receivable, Net$422,953$887,051▲ $464,098
Accounts Receivable$496,584$246,671▼ $249,913
Cash and Non-Interest-Bearing Accounts$68,721$219,410▲ $150,689
Inventories for Sale or Use$128,344$116,377▼ $11,967
Loans From Officers Directors-$29,021-
Prepaid Expenses and Deferred Charges$3,046$13,612▲ $10,566
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$2,458,319$2,699,181▲ $240,862
Other Assets Total$182,424$93,640▼ $88,784
Liabilities
Other Liabilities$609,814$749,912▲ $140,098
Mortgage Notes Payable Secured by Investment Property$513,258$491,565▼ $21,693
Deferred Revenue$152,845$182,443▲ $29,598
Accounts Payable and Accrued Expenses$214,862$159,770▼ $55,092
Total Liabilities$1,490,779$1,612,711▲ $121,932
Net Assets / Fund Balance
Unrestricted Net Assets$967,540$1,086,470▲ $118,930
Total Net Assets Fund Balance$967,540$1,086,470▲ $118,930
Total Liabilities and Net Assets / Fund Balance$2,458,319$2,699,181▲ $240,862

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$834,330$106,381$940,711
Land$240,000-$240,000
Equipment$16,701$47,259$63,960
Leasehold Improvements$27,405$3,144$30,549
Other Land Buildings$3,984$3,173$7,157
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mohammed W SayeedPresidentFT$27,000$27,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$971,547
Program Service Revenue
$463,563
Investment Income
$0
Other Revenue
$97,703
All Other Contributions
$971,547
Change in Net Assets
$122,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$840,556
Other Expenses$570,202
Total Fundraising Expense$45,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$610,233$142,154-$752,387
Occupancy$58,696$15,528-$74,224
Payroll Taxes$48,213$12,956-$61,169
Travel$12,642$153$43,126$55,921
Advertising$52,494-$2,600$55,094
All Other Expenses$16,833$21,060$59$37,952
Other Expenses$36,366$2,267-$36,366
Depreciation Depletion-$34,727-$34,727
Current Officers, Directors, Trustees, and Key Employees$27,000--$27,000
Office Expenses$16,848$4,839$144$21,831
Insurance$4,133$2,375-$6,508
Fees for Services Legal$4,062--$4,062
Total Functional Expenses$1,128,770$236,059$45,929$1,410,758
International Activity

International Summary

Offices
3
Employees
8
Spending
$35,407

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
PhilippinesProgram ServiceEducating people on Islam14$14,400
KuwaitApply for donationsProcuring donations02$8,703
United Arab EmiratesSolict for donationsProcuring donations10$6,390
IndiaProgram ServiceWeb support and development12$5,914
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$29,021-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Inter Divisional Loans Payable$587,051
Interest Free Loan$162,861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Mohammed W Sayeed and Mohammed S Sayeed are brothers.

Form 990, Part VI, Line 11B: Form 990 Review Process

The in-house accountant prepared the intial 990 and provided the initial 990 and the financial statements to the external accountant to prepare the 990. Upon its preparation, it was reviewed throughly by the accountant and one of the board of directors...Then it was sent to the board for final review.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The financial statements and other related governing documents are available to the public upon request at the corporate office.

Filing and Contact Details

Filer

Filer Name
Al-Furqaan Foundation
EIN
20-0310701
Phone
6309145015
Address
444 E Roosevelt Road, Lombard, IL 60148

Signing Officer

Name
Mohammed W Sayeed
Title
President
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
39

Preparer

Firm
C & a Financial
Address
1284 S Vermont Street, Palatine, IL 60067
Preparer
Thabraize Ahmed
Phone
8474859407
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: We have few other minor projects like, Quranic Education to Muslim Adults, we are providing family counselling and counselling based on the Quran and Prophetic sayings, we also run a mosque in south side of Chicago for local Muslims. Our project to recycle the sacred text appropriately with help of a local recycling company is also running well and gaining popularity.

Form 990, Part V, Line 4B - Foreign Countries with bank accounts

United Arab Emirates, Philippines and Canada

Raw XML AppendixShowing 400 of 543 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc0Childrens Education
IRS990/ProgramServiceRevenueGrp/Desc1Family Counselling
IRS990/ProgramServiceRevenueGrp/Desc2Furqaan Recycling
IRS990/ProgramServiceRevenueGrp/Desc3Subsidised Book Distribut
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IRS990/ProgSrvcAccomActy2Grp/Desc0To date we have printed 675,000 copies of the English Translation. We distributed a big chunk out of this as free and at subsidized price. Our door to door distribution total stood at about 260,000 copies as we moved more to distribute copies through Masaajid and other dawah programs. We exercised higher emphasize on free distribution of our translation, books and flyers on Islam, and our translation to various hospitals, hotels and prisons this year. We have reorganized our Quran distribution activities with the new name, "Furqaan Project", and we are in the process changing our process from manual distribution to distribution through USPS. This process will enhance our distribution capacity, we will able to distribute anywhere in the US form our Bolingbrook IL facility.
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IRS990/ProgSrvcAccomActy3Grp/Desc0We have few other minor projects like, Quranic Education to Muslim Adults, we are providing family counselling and counselling based on the Quran and Prophetic sayings, we also run a mosque in south side of Chicago for local Muslims. Our project to recycle the sacred text appropriately with help of a local recycling company is also running well and gaining popularity.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Kuwait
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1United Arab Emirates
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Philippines
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3India
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Procuring donations
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Procuring donations
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Educating people on Islam
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3Web support and development
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