American Islamic College Inc
- Assets
- $1.8m
- Revenue
- $882.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Chicago, IL
- Founding
- 04/1983
- Data as of
- 06/2022
- EIN
- 36-3171297
Organization Overview
American Islamic College Inc is located in Chicago, IL. The organization was established in 1983. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, American Islamic College Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Islamic College 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 06/2022, American Islamic College Inc generated $882.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE CHICAGO COMMUNITY IN PARTICULAR AND THE AMERICAN COMMUNITY IN GENERAL IN ARABIC AND ISLAMIC STUDIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE THE COMMUNITY IN ARABIC AND ISLAMIC STUDIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Gianotti College Pres | Officer | 40 | $125,400 |
Dr Yousef Al-Othaimeen Chairman | OfficerTrustee | 2 | $0 |
Dr Farid I Muhammad Secretary Ge | OfficerTrustee | 2 | $0 |
Ahmed El-Hattab Treasurer | OfficerTrustee | 2 | $0 |
Dr Abdulaziz Alsebail Trustee | Trustee | 2 | $0 |
Dr Abdul Rc Amine Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,841 |
| Total Program Service Revenue | $173,991 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $295,251 |
| 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 | $882,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $219,295 |
| Compensation of current officers, directors, key employees. | $76,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,172 |
| Payroll taxes | $177,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $101,434 |
| Advertising and promotion | $18,864 |
| Office expenses | $43,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $291,915 |
| Travel | $47,652 |
| 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 | $90,319 |
| Insurance | $48,266 |
| All other expenses | $38,898 |
| Total functional expenses | $2,053,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,352 |
| 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 | $40,714 |
| Net Land, buildings, and equipment | $1,200,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,775,602 |
| Accounts payable and accrued expenses | $50,158 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,490,407 |
| 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 | $220,746 |
| Total liabilities | $2,761,311 |
| Net assets without donor restrictions | -$985,709 |
| Net assets with donor restrictions | $0 |
| 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 | $1,775,602 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Islamic College Inc has recieved totaling $17,209.
| Awarding Organization | Amount |
|---|---|
Sterling Charitable Gift Fund Tr Herndon, VA PURPOSE: PROGRAM ASSISTANCE - EDUCATIONAL SERVICES | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,190 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
Eureka College Eureka, IL | $56,922,231 | $15,083,076 |
Calumet College Whiting, IN | $23,910,768 | $16,116,296 |
Bellin College Inc Green Bay, WI | $39,042,736 | $15,163,582 |
Cox College Springfield, MO | $0 | $12,064,783 |
East-West University Inc Chicago, IL | $90,912,569 | $10,650,646 |
Faith Baptist Bible College Ankeny, IA | $19,003,759 | $8,759,376 |
Emmaus Bible College Dubuque, IA | $12,932,939 | $8,386,656 |
Central Christian College Of The Bible Moberly, MO | $12,273,355 | $9,994,557 |
Olivet Nazarene University Foundation Bourbonnais, IL | $189,458,744 | $9,125,280 |
Missouri Southern Foundation Joplin, MO | $43,351,164 | $5,846,272 |