Civic Intelligence

Iqra Fund

990 • Fiscal year 2022 • EIN 45-2751655

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 19, 2024

Organization ProfileWWW.IQRAFUND.ORG
PO Box 416Bozeman, MT 59771

(406) 581-7017

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$330,018

Down $390,174 (-54%) from 2021

Net Assets

Down

$248,356

Down $440,348 (-64%) from 2021

Liabilities

Up

$81,662

Up $50,174 (+159%) from 2021

Revenue And Expenses

Revenue

Down

$297,025

Down $576,513 (-66%) from 2021

Expenses

Up

$689,716

Up $276,794 (+67%) from 2021

Net Income

Down

-$392,691

Down $853,307 (-185%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $70,557Liabilities 2012: $771Net Assets 2012: $69,7862012Assets 2013: $126,387Liabilities 2013: $2,816Net Assets 2013: $123,5712013Assets 2014: $112,629Liabilities 2014: $2,966Net Assets 2014: $109,6632014Assets 2015: $177,864Liabilities 2015: $15,834Net Assets 2015: $162,0302015Assets 2016: $128,710Liabilities 2016: $14,642Net Assets 2016: $114,0682016Assets 2017: $189,218Liabilities 2017: $46,214Net Assets 2017: $143,0042017Assets 2018: $242,215Liabilities 2018: $9,486Net Assets 2018: $232,7292018Assets 2019: $194,163Liabilities 2019: $10,047Net Assets 2019: $184,1162019Assets 2020: $231,642Liabilities 2020: $4,594Net Assets 2020: $227,0482020Assets 2021: $720,192Liabilities 2021: $31,488Net Assets 2021: $688,7042021Assets 2022: $4,885,460Liabilities 2022: $81,662Net Assets 2022: $4,803,7982022Assets 2022: $330,018Liabilities 2022: $81,662Net Assets 2022: $248,3562022Assets 2023: $481,417Liabilities 2023: $16,452Net Assets 2023: $464,9652023Assets 2024: $725,899Liabilities 2024: $4,028Net Assets 2024: $721,8712024

Highlighted filing

2022

Assets$330,018
Liabilities$81,662
Net Assets$248,356
Open 2022 Filing

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $193,767Expenses 2012: $126,247Net Income 2012: $67,5202012Revenue 2013: $404,651Expenses 2013: $350,866Net Income 2013: $53,7852013Revenue 2014: $408,564Expenses 2014: $422,472Net Income 2014: -$13,9082014Revenue 2015: $497,818Expenses 2015: $445,451Net Income 2015: $52,3672015Revenue 2016: $465,360Expenses 2016: $513,322Net Income 2016: -$47,9622016Revenue 2017: $474,751Expenses 2017: $445,815Net Income 2017: $28,9362017Revenue 2018: $528,478Expenses 2018: $435,780Net Income 2018: $92,6982018Revenue 2019: $276,810Expenses 2019: $335,253Net Income 2019: -$58,4432019Revenue 2020: $283,954Expenses 2020: $244,565Net Income 2020: $39,3892020Revenue 2021: $873,538Expenses 2021: $412,922Net Income 2021: $460,6162021Revenue 2022: $4,852,467Expenses 2022: $689,716Net Income 2022: $4,162,7512022Revenue 2022: $297,025Expenses 2022: $689,716Net Income 2022: -$392,6912022Revenue 2023: $991,974Expenses 2023: $815,097Net Income 2023: $176,8772023Revenue 2024: $1,029,954Expenses 2024: $794,051Net Income 2024: $235,9032024

Highlighted filing

2022

Revenue$297,025
Expenses$689,716
Net Income-$392,691
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 19, 2024
Return Version
2022v5.0
Gross Receipts
$297,025
Mission and Program Overview

Mission

Iqra fund's mission is to provide access to sustainable quality education in remote tribal regions of pakistan. We currently work "at the end of the road" in gilgit-baltistan, pakistan providing the critical social services and funding necessary to break the financial, social, cultural, political, geographic and historical barriers that prevent girls from going to school, staying in school, and receiving a quality education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$298,047$38,005▼ $260,042
Pledges and Grants Receivable$311,188$28,555▼ $282,633
Prepaid Expenses and Deferred Charges$3,917$5,872▲ $1,955
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$720,192$330,018▼ $390,174
Other Assets Total$107,040$257,586▲ $150,546
Liabilities
Accounts Payable and Accrued Expenses$23,480$42,472▲ $18,992
Other Liabilities$8,008$39,190▲ $31,182
Total Liabilities$31,488$81,662▲ $50,174
Net Assets / Fund Balance
Net Assets With Donor Restrictions$618,223$248,356▼ $369,867
Net Assets Without Donor Restrictions$70,481--
Total Net Assets Fund Balance$688,704$248,356▼ $440,348
Total Liabilities and Net Assets / Fund Balance$720,192$330,018▼ $390,174

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$87,766--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Genevieve WalshPresident & CEOFT$49,583$8,822$58,405

Board Members and Trustees

NameTitle
Rahat AzfarChairman
Kathryn EveretVice Chair
Mahira RazzakDirector
Saima MachloviDirector
Christine MonaghanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$294,111
Program Service Revenue
$0
Investment Income
$2,914
Other Revenue
$0
All Other Contributions
$294,111
Change in Net Assets
$-392,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$326,390
Other Expenses$252,074
Grants and Similar Amounts Paid$111,252
Total Fundraising Expense$41,305
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,757$7,996$16,496$255,249
Fees for Services Other$93,865$20,073$14,509$128,447
Foreign Grants$111,252--$111,252
Travel$63,435-$4,125$67,560
Current Officers, Directors, Trustees, and Key Employees$49,583--$49,583
Office Expenses$25,966$530$1,388$27,884
Other Employee Benefits$12,128$640$1,426$14,194
Occupancy$7,951$154$342$8,447
Payroll Taxes$5,490$612$1,262$7,364
Advertising$868$53$1,333$2,254
Fees for Services Accounting$1,015$95$218$1,328
Information Technology$1,046--$1,046
Other Expenses$15-$111$126
Total Functional Expenses$618,258$30,153$41,305$689,716
International Activity

International Summary

Employees
94
Spending
$618,258

International Compliance

Foreign grant records maintained
Yes
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
South AsiaProgram ServicesTuition, Teachers, Training094$618,258
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$39,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board reviews and approves a draft version of the form 990 prior to submission.”

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

“On an annual basis, each director and officer of the organization is required to sign an acknowledgement stating that they have reviewed the conflict of interest policy and have disclosed any conflicts of interest the may have (as defined in the policy). To the extent there are conflicts of interest outlined, the board will review and discuss those conflicts with the individual to make sure the correct procedures are followed to address the conflict.”

Form 990, Part VI, Section B, Line 15A

“The organization has an independent compensation committee that is appointed by the board. Our committee currently comprises 3 individuals that are each independent and free from any conflict of interest with the organization and its staff. It is the responsibility of the compensation committee to review and recommend reasonable compensation for those persons deemed disqualified persons as defined in the irc. The committee performed a detailed review of comparable compensation data for the organization's officers and made a recommendation to the board on reasonable compensation in light of such data.”

Form 990, Part VI, Section B, Line 15B

“The organization has an independent compensation committee that is appointed by the board. Our committee currently comprises 3 individuals that are each independent and free from any conflict of interest with the organization and its staff. It is the responsibility of the compensation committee to review and recommend reasonable compensation for those persons deemed disqualified persons as defined in the irc. The committee performed a detailed review of comparable compensation data for the organization's officers and made a recommendation to the board on reasonable compensation in light of such data.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Iqra Fund
EIN
45-2751655
Phone
4065817017
Address
PO BOX 416, BOZEMAN, MT 59771

Signing Officer

Name
Genevieve Walsh
Title
President & CEO
Signed
2024-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Genevieve Walsh
Formed
2011
Legal Domicile
Mt
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
205

Preparer

Firm
Amatics CPA Group
Address
45 Discovery Drive, Bozeman, MT 59718
Preparer
Morgan Scarr
Phone
4064041925
Supplemental Narrative

Additional Explanations

Amended Explanation

“Amended return to reflect grant cancellation”

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IRS990/Desc0IQRA FUND ESTABLISHES HIGH QUALITY SELF-SUSTAINING SCHOOL SYSTEMS IN THE REMOTE, MOUNTAINOUS REGIONS OF NORTHERN PAKISTAN. WE ARE DEDICATED TO EMPOWERING ALL STUDENTS, ESPECIALLY GIRLS.PARTNERING WITH COMMUNITIES THAT REQUEST OUR SUPPORT, WE PROVIDE ACCESS TO EDUCATION FOR BOTH GIRLS AND BOYS, WITH A PRIMARY GOAL OF ENSURING 100% OF THE GIRLS IN OUR PARTNER VILLAGES ATTEND SCHOOL. WE WORK WITH LOCAL GOVERNMENTS, COMMUNITY LEADERS, PARENTS, AND TEACHERS TO INVEST IN LONG-TERM STUDENT SUCCESS, IMPROVING GENERATIONAL PROSPERITY.THIS SUPPORT IS ACHIEVED THROUGH TUITION ASSISTANCE, BOOKS, MATERIALS, UNIFORMS, AND FEES, PROVIDING A GIRL-FRIENDLY SCHOOL ENVIRONMENT (INCLUDING CLASSROOM AND WASHROOM CONSTRUCTION), AND SUPPORTING TEACHERS' SALARIES.
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IRS990/OtherExpensesGrp/FundraisingAmt095
IRS990/OtherExpensesGrp/FundraisingAmt1111
IRS990/OtherExpensesGrp/ProgramServicesAmt09524
IRS990/OtherExpensesGrp/ProgramServicesAmt14847
IRS990/OtherExpensesGrp/ProgramServicesAmt2516
IRS990/OtherExpensesGrp/ProgramServicesAmt315
IRS990/OtherExpensesGrp/TotalAmt09524
IRS990/OtherExpensesGrp/TotalAmt14847
IRS990/OtherExpensesGrp/TotalAmt2611
IRS990/OtherExpensesGrp/TotalAmt3126
IRS990/OtherLiabilitiesGrp/BOYAmt08008
IRS990/OtherLiabilitiesGrp/EOYAmt039190
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016496
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07996
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0230757
IRS990/OtherSalariesAndWagesGrp/TotalAmt0255249
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01262
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0612
IRS990/PayrollTaxesGrp/ProgramServicesAmt05490
IRS990/PayrollTaxesGrp/TotalAmt07364
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0311188
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028555
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03917
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05872
IRS990/PrincipalOfficerNm0GENEVIEVE WALSH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0869027
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt014401
IRS990/PYInvestmentIncomeAmt04511
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0164246
IRS990/PYRevenuesLessExpensesAmt0460616
IRS990/PYSalariesCompEmpBnftPaidAmt0234275
IRS990/PYTotalExpensesAmt0412922
IRS990/PYTotalRevenueAmt0873538
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-392691
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0294112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0869027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0261691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0273262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0537814
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02235906
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02914
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02566
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013540
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0860
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0860
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71470
IRS990ScheduleA/PublicSupportPY170Pct00.83570
IRS990ScheduleA/PublicSupportTotal170Amt01608332
IRS990ScheduleA/SubstantialContributorsTotAmt0627574
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0294112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0869027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0261691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0273262
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0537814
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02235906
IRS990ScheduleA/TotalSupportAmt02250306
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0169820
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt187766
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AGENCY ENDOWMENT FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BENEFICIAL INTEREST IN ASSETS HELD AT CF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0257586
IRS990ScheduleD/TotalLiabilityAmt039190
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt094
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0618258
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TUITION, TEACHERS, TRAINING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt014360
IRS990ScheduleF/ForeignIndividualsGrantsGrp/DescriptionOfNonCashAsstTxt0HOUSING
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0PROVIDER CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/NonCashAssistanceAmt096893
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt052
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt146
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0HOUSING
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1TUITION ASSISTANCE AND RELATED EXP
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc0COST
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt094
IRS990ScheduleF/SubtotalSpentAmt0618258
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE ADVANCED, ON AN AS-NEEDED BASIS FROM IQRA'S US BANK ACCOUNT TO THE OVERSEAS BANK ACCOUNT IN ISLAMABAD, PAKISTAN WHERE IQRA'S DIRECTOR OF OPERATIONS RECEIVES THE FUNDS AND MAINTAINS PRIMARY RESPONSIBILITY FOR THE DISPERSAL OF FUNDS FOR PROGRAMMATIC PURPOSES.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1IQRA'S DIRECTOR OF OPERATIONS IS RESPONSIBLE FOR DISPERSAL OF SOME FUNDS FOR DIRECT PROGRAMMATIC EXPENSES, AND IN ADDITION HE DISPERSES FUNDS TO IQRA'S PROGRAM STAFF LOCATED THROUGHOUT THE REGIONS WHERE IQRA'S PROGRAMS ARE IMPLEMENTED. STAFF'S CHECKS WRITTEN FOR PROGRAMMATIC EXPENSES MUST BE VERIFIED/SIGNED BY TWO STAFF.MONTHLY, THE PROGRAM STAFF MUST SUBMIT EXPENSE REPORTS ALONG WITH RECEIPTS OR INVOICES FOR EACH DISPERSAL OF FUNDS. EACH EXPENSE REPORT IS REVIEWED BY THE DIRECTOR OF OPERATIONS IN PAKISTAN AND IQRA'S CEO IN THE UNITED STATES.LASTLY, AN OUTSIDE ACCOUNTING FIRM RECONCILES THE STAFF'S ADVANCE ACCOUNTS AS WELL AS THE ISLAMABAD BANK ACCOUNT AT THE END OF EACH MONTH.IQRA ALSO DEPLOYS STAFF TO MONITOR THE PROGRAMS AND CONDUCT INTERVIEWS WITH PROGRAM PARTICIPANTS, ENSURING THAT FUNDS ALLOCATED FOR PROGRAMS HAVE BEEN PROPERLY RECEIVED IN A TIMELY MANNER BY PARTICIPANTS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 3f - Method of Accounting
IRS990ScheduleF/TotalEmployeeCnt094
IRS990ScheduleF/TotalSpentAmt0618258
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AND APPROVES A DRAFT VERSION OF THE FORM 990 PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, EACH DIRECTOR AND OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN AN ACKNOWLEDGEMENT STATING THAT THEY HAVE REVIEWED THE CONFLICT OF INTEREST POLICY AND HAVE DISCLOSED ANY CONFLICTS OF INTEREST THE MAY HAVE (AS DEFINED IN THE POLICY). TO THE EXTENT THERE ARE CONFLICTS OF INTEREST OUTLINED, THE BOARD WILL REVIEW AND DISCUSS THOSE CONFLICTS WITH THE INDIVIDUAL TO MAKE SURE THE CORRECT PROCEDURES ARE FOLLOWED TO ADDRESS THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS AN INDEPENDENT COMPENSATION COMMITTEE THAT IS APPOINTED BY THE BOARD. OUR COMMITTEE CURRENTLY COMPRISES 3 INDIVIDUALS THAT ARE EACH INDEPENDENT AND FREE FROM ANY CONFLICT OF INTEREST WITH THE ORGANIZATION AND ITS STAFF. IT IS THE RESPONSIBILITY OF THE COMPENSATION COMMITTEE TO REVIEW AND RECOMMEND REASONABLE COMPENSATION FOR THOSE PERSONS DEEMED DISQUALIFIED PERSONS AS DEFINED IN THE IRC. THE COMMITTEE PERFORMED A DETAILED REVIEW OF COMPARABLE COMPENSATION DATA FOR THE ORGANIZATION'S OFFICERS AND MADE A RECOMMENDATION TO THE BOARD ON REASONABLE COMPENSATION IN LIGHT OF SUCH DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS AN INDEPENDENT COMPENSATION COMMITTEE THAT IS APPOINTED BY THE BOARD. OUR COMMITTEE CURRENTLY COMPRISES 3 INDIVIDUALS THAT ARE EACH INDEPENDENT AND FREE FROM ANY CONFLICT OF INTEREST WITH THE ORGANIZATION AND ITS STAFF. IT IS THE RESPONSIBILITY OF THE COMPENSATION COMMITTEE TO REVIEW AND RECOMMEND REASONABLE COMPENSATION FOR THOSE PERSONS DEEMED DISQUALIFIED PERSONS AS DEFINED IN THE IRC. THE COMMITTEE PERFORMED A DETAILED REVIEW OF COMPARABLE COMPENSATION DATA FOR THE ORGANIZATION'S OFFICERS AND MADE A RECOMMENDATION TO THE BOARD ON REASONABLE COMPENSATION IN LIGHT OF SUCH DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AMENDED RETURN TO REFLECT GRANT CANCELLATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Amended Explanation
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0720192
IRS990/TotalAssetsEOYAmt0330018
IRS990/TotalAssetsGrp/BOYAmt0720192
IRS990/TotalAssetsGrp/EOYAmt0330018

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$330,018
Liabilities
$81,662
Net assets
$248,356
Revenue
$297,025
Expenses
$689,716
Net income
-$392,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.72$1.03$0.79$0.24
2023Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$0.99$0.82$0.18
2022Detailed filing. Detailed filing data is available for this year.$4.89$0.08$4.80$4.85$0.69$4.16
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.08$0.25$0.30$0.69$0.39
2021Detailed filing. Detailed filing data is available for this year.$0.72$0.03$0.69$0.87$0.41$0.46
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.28$0.24$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.28$0.34$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.01$0.23$0.53$0.44$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.05$0.14$0.47$0.45$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.11$0.47$0.51$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$0.50$0.45$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.41$0.42$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.12$0.40$0.35$0.05
2012Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.19$0.13$0.07