Civic Intelligence

Iqra International Educational Foundation Inc.

990 • Fiscal year 2015 • EIN 36-3266715

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 26, 2016

7450 Skokie BlvdSkokie, IL 60077

(847) 673-4072

Siviq Scores

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

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.16x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

33rd percentile

-2.3%

Higher net margin than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

43rd percentile

$45,000

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

28th percentile

-3.5%

Faster asset growth than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

35th percentile

-2.0%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Assets

Down

$1,966,943

Down $145,710 (-6.9%) from 2013

Net Assets

Down

$1,749,666

Down $8,436 (-0.5%) from 2013

Liabilities

Down

$217,277

Down $137,274 (-39%) from 2013

Revenue

Down

$1,371,181

Down $56,574 (-4.0%) from 2013

Expenses

Down

$1,402,082

Down $17,503 (-1.2%) from 2013

Net Income

Down

-$30,901

Down $39,071 (-478%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,172,526Liabilities 2010: $230,290Net Assets 2010: $1,942,2362010Assets 2011: $2,013,300Liabilities 2011: $248,169Net Assets 2011: $1,765,1312011Assets 2012: $2,022,676Liabilities 2012: $272,744Net Assets 2012: $1,749,9322012Assets 2013: $2,112,653Liabilities 2013: $354,551Net Assets 2013: $1,758,1022013Assets 2015: $1,966,943Liabilities 2015: $217,277Net Assets 2015: $1,749,6662015Assets 2017: $1,674,603Liabilities 2017: $218,525Net Assets 2017: $1,456,0782017Assets 2018: $1,575,472Liabilities 2018: $189,763Net Assets 2018: $1,385,7092018Assets 2019: $1,496,815Liabilities 2019: $135,334Net Assets 2019: $1,361,4812019Assets 2020: $1,393,496Liabilities 2020: $197,764Net Assets 2020: $1,195,7322020Assets 2021: $1,351,475Liabilities 2021: $126,403Net Assets 2021: $1,225,0722021Assets 2022: $1,199,548Liabilities 2022: $0Net Assets 2022: $1,199,5482022Assets 2023: $1,305,016Liabilities 2023: $0Net Assets 2023: $1,305,0162023Assets 2024: $1,352,808Liabilities 2024: $0Net Assets 2024: $1,352,8082024

Highlighted filing

2015

Assets$1,966,943
Liabilities$217,277
Net Assets$1,749,666

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,580,7102010Expenses 2011: $1,483,9322011Expenses 2012: $1,448,3402012Revenue 2013: $1,427,755Expenses 2013: $1,419,585Net Income 2013: $8,1702013Revenue 2015: $1,371,181Expenses 2015: $1,402,082Net Income 2015: -$30,9012015Revenue 2017: $995,154Expenses 2017: $1,024,134Net Income 2017: -$28,9802017Revenue 2018: $977,964Expenses 2018: $1,046,421Net Income 2018: -$68,4572018Revenue 2019: $911,888Expenses 2019: $936,962Net Income 2019: -$25,0742019Revenue 2020: $540,935Expenses 2020: $706,685Net Income 2020: -$165,7502020Revenue 2021: $947,573Expenses 2021: $918,233Net Income 2021: $29,3402021Revenue 2022: $913,635Expenses 2022: $939,156Net Income 2022: -$25,5212022Revenue 2023: $931,581Expenses 2023: $869,496Net Income 2023: $62,0852023Revenue 2024: $1,016,114Expenses 2024: $968,322Net Income 2024: $47,7922024

Highlighted filing

2015

Revenue$1,371,181
Expenses$1,402,082
Net Income-$30,901
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 26, 2016
Return Version
2015v2.1
Gross Receipts
$1,371,181
Mission and Program Overview

Mission

The foundation promotes the development, knowledge and advancement of education of the teachings of the Islamic religion throughout the world.

The foundation fosters and promote the development, knowledge and advancement of education of the islamic religion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$812,058$770,518▼ $41,540
Inventories for Sale or Use$688,734$700,708▲ $11,974
Accounts Receivable$180,201$281,878▲ $101,677
Cash and Non-Interest-Bearing Accounts$382,573$188,790▼ $193,783
Investments Program Related$7,424$3,899▼ $3,525
Total Assets$2,092,834$1,966,943▼ $125,891
Other Assets Total$21,844$21,150▼ $694
Liabilities
Accounts Payable and Accrued Expenses$236,868$190,530▼ $46,338
Other Liabilities$75,399$26,747▼ $48,652
Total Liabilities$312,267$217,277▼ $94,990
Net Assets / Fund Balance
Unrestricted Net Assets$1,780,567$1,749,666▼ $30,901
Total Net Assets Fund Balance$1,780,567$1,749,666▼ $30,901
Total Liabilities and Net Assets / Fund Balance$2,092,834$1,966,943▼ $125,891

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$729,359$691,063$1,420,422
Equipment$2,855$83,300$86,155
Other Land Buildings$38,304$9,306$47,610
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Abidullah GhaziExecutive DirectorFT$45,000$45,000
Safa ZarzourDirectorPT$31,500$31,500
Tasneema GhaziDirectorFT$27,751$27,751

Board Members and Trustees

NameTitle
Habeeb QuadriDirector
Kiran AnsariDirector
Rashid GhaziDirector
Shahid SiddiquiDirector
Syed S HussainDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$152,034
Program Service Revenue
$1,207,664
Investment Income
$5,533
Other Revenue
$5,950
All Other Contributions
$152,034
Change in Net Assets
$-30,901

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,181
Total Revenue per Audited Statements
$1,371,181
Total Revenue per Form 990
$1,371,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$971,793
Salaries, Compensation, and Employee Benefits$430,289
Total Fundraising Expense$9,964
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$217,810$98,224-$316,034
All Other Expenses$114,298$26,057$5,006$145,361
Current Officers, Directors, Trustees, and Key Employees$60,000$15,000-$75,000
Other Expenses$45,831$6,834-$52,665
Insurance$27,466$18,283-$45,749
Depreciation Depletion$27,131$14,410-$41,541
Payroll Taxes$31,550$7,705-$39,255
Office Expenses$13,756$11,915-$25,671
Fees for Services Accounting-$16,700-$16,700
Conferences and Meetings$14,384--$14,384
Travel-$4,328$4,958$9,286
Fees for Services Legal-$1,378-$1,378
Total Functional Expenses$1,122,785$269,333$9,964$1,402,082

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,402,082
Total Expenses per Audited Statements$1,402,082
Total Expenses per Form 990$1,402,082
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$26,747
Security Deposit-
Payroll and Sales Tax Payable-
Property Tax Payable-
Other Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

All members are provided a copy of form 1990 and financial statements. The board members ae encourage to call tax preparer in case of any questions

Form 990, Part VI, Section B, Line 12C

The organiation has a conflict of interest policy. During board meetings all board members are explained and emphasiized the importance of the policy. Each year all board members are required to complete conflict of interest statement

Filing and Contact Details

Filer

Filer Name
Iqra International Educational Foundation
EIN
36-3266715
Phone
8476734072
Address
7450 SKOKIE BLVD, SKOKIE, IL 60077

Signing Officer

Name
Tasneema Ghazi
Title
Executive Director
Phone
8476379200
Signed
2016-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tasneema Ghazi
Formed
2000
Voting Board Members
8
Independent Board Members
8
Employees
19

Preparer

Firm
Certified Accounting Services Inc
Address
PO Box 2939, Chicago, IL 60690
Preparer
Zahir H Kazmi
Phone
6305750404
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IRS990/PYSalariesCompEmpBnftPaidAmt0424756
IRS990/PYTotalExpensesAmt01497019
IRS990/PYTotalRevenueAmt01519484
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-30901
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt05950
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01359698
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0152034
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0524643
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0167818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0359843
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0185246
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01389584
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011483
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04977
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05099
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt032869
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt035059
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt089487
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01207664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01037638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01198237
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01040429
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01086521
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05570489
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011483
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04977
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05099
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt032869
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt035059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt089487
IRS990ScheduleA/InvestmentIncomeCYPct00.01270
IRS990ScheduleA/InvestmentIncomePYPct00.01430
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.98730
IRS990ScheduleA/PublicSupportPY509Pct00.98570
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt06960073
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01359698
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01562281
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01366055
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01400272
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01271767
IRS990ScheduleA/Total509Grp/TotalAmt06960073
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01371181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01567258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01371154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01433141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01306826
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07049560
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0729359
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0691063
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01420422
IRS990ScheduleD/EquipmentGrp/BookValueAmt02855
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086155
IRS990ScheduleD/ExpensesSubtotalAmt01402082
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038304
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09306
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt047610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026747
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL AND SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PROPERTY TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01371181
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0770518
IRS990ScheduleD/TotalExpensesPerForm990Amt01402082
IRS990ScheduleD/TotalLiabilityAmt026747
IRS990ScheduleD/TotalRevenuePerForm990Amt01371181
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01371181
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01402082
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0IL
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS ARE PROVIDED A COPY OF FORM 1990 AND FINANCIAL STATEMENTS. THE BOARD MEMBERS AE ENCOURAGE TO CALL TAX PREPARER IN CASE OF ANY QUESTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIATION HAS A CONFLICT OF INTEREST POLICY. DURING BOARD MEETINGS ALL BOARD MEMBERS ARE EXPLAINED AND EMPHASIIZED THE IMPORTANCE OF THE POLICY. EACH YEAR ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12C
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02092834
IRS990/TotalAssetsEOYAmt01966943
IRS990/TotalAssetsGrp/BOYAmt02092834
IRS990/TotalAssetsGrp/EOYAmt01966943
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0152034
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09964
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0269333
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01122785
IRS990/TotalFunctionalExpensesGrp/TotalAmt01402082
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0312267
IRS990/TotalLiabilitiesEOYAmt0217277
IRS990/TotalLiabilitiesGrp/BOYAmt0312267
IRS990/TotalLiabilitiesGrp/EOYAmt0217277
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01780567
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01749666
IRS990/TotalProgramServiceExpensesAmt01122785
IRS990/TotalProgramServiceRevenueAmt01207664
IRS990/TotalReportableCompFromOrgAmt0104251
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01371181
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02092834
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01966943
IRS990/TravelGrp/FundraisingAmt04958
IRS990/TravelGrp/ManagementAndGeneralAmt04328

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$1.02$0.97$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.93$0.87$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.91$0.94$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.35$0.13$1.23$0.95$0.92$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.20$1.20$0.54$0.71$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.14$1.36$0.91$0.94$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.19$1.39$0.98$1.05$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.22$1.46$1.00$1.02$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.22$1.75$1.37$1.40$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.11$0.35$1.76$1.43$1.42$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.27$1.75$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.25$1.77$1.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.23$1.94$1.58