Islamic Circle Of North America Inc
- Assets
- $9.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Jamaica, NY
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 11-2925751
Organization Overview
Islamic Circle Of North America Inc is located in Jamaica, NY. The organization was established in 1988. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Islamic Circle Of North America Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Circle Of North America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Islamic Circle Of North America Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP THE NEEDY IN THE US AND ALSO HELP THOSE WHO ARE EFFECTED BY
PROVIDE RELIGIOUS EDUCATION AND GUIDANCE THROUGH WORKSHOPS, CONVENTION
EDUCATE AND SUPPORTING EFFORTS FOR SOCIAL JUSTICE, CIVIL LIBERTIES AND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shahid Mansoor Vice President | Trustee | 10 | $0 |
Arif Mannan Vice President | Trustee | 10 | $0 |
Salman Yasir Exec. Council | Trustee | 10 | $0 |
Naeem Baig Exec. Council | Trustee | 10 | $0 |
Adnan Tafsir Secretary Gene | Trustee | 10 | $0 |
Rashid Siddiqi Exec. Council | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $668,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,387,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,056,455 |
| Total Program Service Revenue | $0 |
| Investment income | $3,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,060,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,841 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,373,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,946 |
| Payroll taxes | $114,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,921 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $133,063 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,811 |
| Insurance | $80,095 |
| All other expenses | $502,660 |
| Total functional expenses | $2,996,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,176,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $305,019 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $285,364 |
| Net Land, buildings, and equipment | $5,265,721 |
| Investments—publicly traded securities | $86,337 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,118,445 |
| Accounts payable and accrued expenses | $48,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $348,532 |
| Net assets without donor restrictions | $8,178,100 |
| Net assets with donor restrictions | $591,813 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,118,445 |
Grants Awarded
Over the last fiscal year, Islamic Circle Of North America Inc has awarded $43,479 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ASSISTANCE | $18,479 |
Jamaica, NY PURPOSE: ASSISTANCE | $15,000 |
ICNA CHICAGO PURPOSE: ASSISTANCE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Islamic Circle Of North America Inc has recieved totaling $150,200.
| Awarding Organization | Amount |
|---|---|
M A Masroor Foundation Inc Savannah, GA PURPOSE: DONATION | $120,000 |
Zakat Foundation Of America Worth, IL PURPOSE: 2022 CONVENTION | $16,000 |
Muslim Community Center Incorporate Chicago, IL | | $7,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $6,850 |
Haque Family Foundation Oak Brook, IL PURPOSE: UNRESTRICTED | $250 |
Rahmah Foundation Inc Lake Villa, IL PURPOSE: ASSIST IN THEIR CHARITABLE WORK | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Italian American Org Of Brooklyn Ltd Brooklyn, NY | $18,192,527 | $6,779,370 |
Islamic Education Foundation Of New Jersey Inc Wayne, NJ | $1,524,545 | $3,505,932 |
Mas Boston Society Inc Roxbury Crossing, MA | $910,141 | $3,286,832 |
Islamic Circle Of North America Inc Jamaica, NY | $9,118,445 | $4,060,326 |
Islamic Society Of Central Jersey Monmouth Junction, NJ | $16,726,193 | $2,240,124 |
Muslim Federation Of New Jersey Inc Jersey City, NJ | $544,486 | $732,548 |
Baitul Mamur Masjid & Community Brooklyn, NY | $2,549,551 | $1,074,835 |
Hillside Islamic Center New Hyde Park, NY | $5,622,658 | $1,466,226 |
Muslim Foundation Inc Somerset, NJ | $11,328,320 | $1,328,234 |
Bridgeport Islamic Community Center Bridgeport, CT | $1,325,894 | $738,083 |
Yam Hachesed Vhatorah Monsey, NY | $241,102 | $613,530 |
Parkchester Islamic Center Inc Bronx, NY | $532,502 | $876,383 |