Islamic Scholarship Fund
- Assets
- $3.3m
- Revenue
- $1.9m
- Investments
- $218.0
- Employees
- 6
- Location
- Berkeley, CA
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-8540050
Organization Overview
Islamic Scholarship Fund is located in Berkeley, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Islamic Scholarship Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Scholarship Fund 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 Scholarship Fund generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $868.0k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ISLAMIC SCHOLARSHIP FUND'S (ISF) MISSION IS TO INCREASE AMERICAN MUSLIM PRESENCE IN THE FIELDS AND OCCUPATIONS THAT MAKE PUBLIC POLICY AND INFLUENCE PUBLIC OPINION BY PROVIDING SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS, FILM GRANTS AND MENTORSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ISLAMIC SCHOLARSHIP FUND ISF IS A PLATFORM OF SUPPORT FOR AMERICAN MUSLIMS IN THE FIELDS OF MEDIA AND JOURNALISM, POLICY AND GOVERNMENT, LAW, AND FILM. ISF PROUDLY OFFERS PROGRAMS THAT HAVE AWARDED OVER $1.9 MILLION TO PRESENT OVER 500 AWARDS TO 450 AMERICAN MUSLIM STUDENTS AND YOUNG PROFESSIONALS. IN 2021 ALONE, WE AWARDED OVER $300,000 TO OUR LATEST COHORT OF ISF GRANTEES. CONTINUED ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Somayeh Nikooei Executive Dir. | Officer | 40 | $100,000 |
Dr Hamid Rezapour Chairman | OfficerTrustee | 20 | $0 |
Ismail Mahomed Secretary | OfficerTrustee | 5 | $0 |
Mazen Asbahi ESQ Treasurer | OfficerTrustee | 5 | $0 |
Dr Dalia Fahmy Director | Trustee | 5 | $0 |
Ghada Alkiek Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,129 |
| Related organizations | $0 |
| Government grants | $65,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $621,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,545 |
| Total Program Service Revenue | $0 |
| Investment income | $21,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,089,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,879,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,600 |
| Grants and other assistance to domestic individuals. | $330,489 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,660 |
| Payroll taxes | $21,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,297 |
| Advertising and promotion | $68,766 |
| Office expenses | $461 |
| Information technology | $19,683 |
| Royalties | $0 |
| Occupancy | $6,448 |
| Travel | $8,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,543 |
| All other expenses | $8,655 |
| Total functional expenses | $867,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,404,951 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,425 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,560,074 |
| Investments—other securities | $218 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,303,559 |
| Accounts payable and accrued expenses | $20,894 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,064 |
| Total liabilities | $44,958 |
| Net assets without donor restrictions | $1,535,397 |
| Net assets with donor restrictions | $1,723,204 |
| 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 | $3,303,559 |
Grants Awarded
Over the last fiscal year, Islamic Scholarship Fund has awarded $47,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pleasanton, CA PURPOSE: Support to nonprofit | $30,000 |
ZAYTUNA COLLEGE PURPOSE: Support to nonprofit | $17,600 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Islamic Scholarship Fund has recieved totaling $110,270.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $64,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,618 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $17,152 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $2,010,995 |
| Earnings | $1,266,164 |
| Net Contributions | $60,900 |
| Other Expense | $1,447,278 |
| Grants | $330,489 |
| Ending Balance | $1,560,292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |