Civic Intelligence

Iqraa Foundation Inc.

990EZ • Fiscal year 2021 • EIN 81-3964533

Jan 01, 2021 to Dec 31, 2021 • Filed on May 15, 2022

Organization Profile
5210 W Loomis RdMilwaukee, WI 53221

(414) 334-6864

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

65th percentile

21%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

68th percentile

23%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

9.3%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$177,465

Up $32,680 (+23%) from 2020

Net Assets

$177,110

No earlier filing loaded for comparison.

Liabilities

Up

$355

Up $355 from 2020

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin65th percentile

Revenue

Up

$157,542

Up $13,344 (+9.3%) from 2020

Expenses

Up

$125,217

Up $12,646 (+11%) from 2020

Net Income

Up

$32,325

Up $698 (+2.2%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$1.0M$500K$0Assets 2017: $46,450Liabilities 2017: $02017Assets 2018: $82,353Liabilities 2018: $02018Assets 2019: $113,158Liabilities 2019: $02019Assets 2020: $144,785Liabilities 2020: $02020Assets 2021: $177,465Liabilities 2021: $355Net Assets 2021: $177,1102021Assets 2022: $207,528Liabilities 2022: $0Net Assets 2022: $207,5282022Assets 2023: $683,925Liabilities 2023: $0Net Assets 2023: $683,9252023Assets 2024: $861,637Liabilities 2024: $0Net Assets 2024: $861,6372024

Highlighted filing

2021

Assets$177,465
Liabilities$355
Net Assets$177,110
Open 2021 Filing

Operations Trend

Revenue Growth54th percentile

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

$800K$600K$400K$200K$0Revenue 2017: $186,479Expenses 2017: $162,352Net Income 2017: $24,1272017Revenue 2018: $197,279Expenses 2018: $161,376Net Income 2018: $35,9032018Revenue 2019: $197,980Expenses 2019: $167,175Net Income 2019: $30,8052019Revenue 2020: $144,198Expenses 2020: $112,571Net Income 2020: $31,6272020Revenue 2021: $157,542Expenses 2021: $125,217Net Income 2021: $32,3252021Revenue 2022: $196,274Expenses 2022: $165,856Net Income 2022: $30,4182022Revenue 2023: $663,337Expenses 2023: $186,940Net Income 2023: $476,3972023Revenue 2024: $420,760Expenses 2024: $243,048Net Income 2024: $177,7122024

Highlighted filing

2021

Revenue$157,542
Expenses$125,217
Net Income$32,325
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 15, 2022
Return Version
2021v4.2
Gross Receipts
$157,542
Mission and Program Overview

Mission

COMMUNITY BETTERMENT

Program Services

DescriptionGrantsExpenses
ESTABLISH RELIGIOUS AND ARABIC AFTER SCHOOL PROGRAMS TO MEET THE NEEDS OF THE COMMUNITY BY PROVIDING LOW-COST AND FREE OF CHARGE CLASSES TO FAMILIES IN NEED OR DISENFRANCHISED.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
HONADH CHAMOUTPresidentFT$0--
Filing and Contact Details

Filer

Filer Name
Iqraa Foundation Inc
EIN
81-3964533
Address
5210 W LOOMIS RD, Milwaukee, WI 53221

Signing Officer

Name
Honadh Chamout
Title
President
Phone
4143346864
Signed
2022-05-15
Discuss with paid preparer
No

Preparer

Firm
Premier Tax Solutions
Address
4021 W Dory Dr, Franklin, WI 53132
Preparer
Sajid Nasir
Phone
4143240427
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDepreciation from 4562 711PAYROLL TAXES 1,339INDEPENDANT CONTRACTOR TUTORS 63,338INSURANCE 7,552UTILITIES 3,577BANK FEES 290RENT 16,800OFFICE SUPPLIES 1,048PROGRAM EXPENSES 6,177MARKETING 460ACCOUNTING FEES 2,515CC FEES 721REPAIRS AND MAINTENANCE 1,440LEGAL AND PROFESSIONAL 1,000DUES AND SUBSCRIPTIONS 1,299”

Description of other assets Part II line 24

“Category Beginning of Year End of YearOFFICE FURNITURE 2,485 1,774”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearACCOUNTING INVOICE 0 355”

Raw XML Appendix132 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0HONADH CHAMOUT
IRS990EZ/BooksInCareOfDetail/PhoneNum04143346864
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05210 W LOOMIS RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Milwaukee
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd053221
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0142300
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0175691
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt016425
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt032325
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0144785
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IRS990EZ/GrossReceiptsAmt0157542
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0144785
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0177110
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0144785
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0177110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HONADH CHAMOUT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02485
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01774
IRS990EZ/OtherExpensesTotalAmt0108267
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0COMMUNITY BETTERMENT
IRS990EZ/ProgramServiceRevenueAmt0141117
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ESTABLISH RELIGIOUS AND ARABIC AFTER SCHOOL PROGRAMS TO MEET THE NEEDS OF THE COMMUNITY BY PROVIDING LOW-COST AND FREE OF CHARGE CLASSES TO FAMILIES IN NEED OR DISENFRANCHISED.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt016950
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0355
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0125217
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0157542
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt016425
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010588
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt017141
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015273
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt061867
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0141117
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0133610
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0173540
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0180138
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0171206
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0799611
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0861478
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0157542
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0144198
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0175980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0197279
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0186479
IRS990ScheduleA/Total509Grp/TotalAmt0861478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0157542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0144198
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0175980
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0197279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0186479
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0861478
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 711PAYROLL TAXES 1,339INDEPENDANT CONTRACTOR TUTORS 63,338INSURANCE 7,552UTILITIES 3,577BANK FEES 290RENT 16,800OFFICE SUPPLIES 1,048PROGRAM EXPENSES 6,177MARKETING 460ACCOUNTING FEES 2,515CC FEES 721REPAIRS AND MAINTENANCE 1,440LEGAL AND PROFESSIONAL 1,000DUES AND SUBSCRIPTIONS 1,299
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearOFFICE FURNITURE 2,485 1,774
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearACCOUNTING INVOICE 0 355
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0HONADH CHAMOUT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04143346864
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IQRAA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0IQRA
ReturnHeader/Filer/EIN0813964533
ReturnHeader/Filer/USAddress/AddressLine1Txt05210 W LOOMIS RD
ReturnHeader/Filer/USAddress/CityNm0Milwaukee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053221
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271248942
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Premier Tax Solutions
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04021 W Dory Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Franklin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053132
ReturnHeader/PreparerPersonGrp/PhoneNum04143240427
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sajid Nasir
ReturnHeader/ReturnTs02023-05-09T12:30:55-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HONADH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAMOUT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$177,465
Liabilities
$355
Net assets
$177,110
Revenue
$157,542
Expenses
$125,217
Net income
$32,325
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$0.00$8.62$4.21$2.43$1.78
2023Detailed filing. Detailed filing data is available for this year.$6.84$0.00$6.84$6.63$1.87$4.76
2022Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$1.96$1.66$0.30
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$1.58$1.25$0.32
2020Summary only. Only limited summary data is available for this year.$1.45$0.00$1.44$1.13$0.32
2019Summary only. Only limited summary data is available for this year.$1.13$0.00$1.98$1.67$0.31
2018Summary only. Only limited summary data is available for this year.$0.82$0.00$1.97$1.61$0.36
2017Summary only. Only limited summary data is available for this year.$0.46$0.00$1.86$1.62$0.24