Islamic Acedamy Of Delaware
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 35
- Location
- Newark, DE
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 45-2400023
Organization Overview
Islamic Acedamy Of Delaware is located in Newark, DE. The organization was established in 2016. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2021, Islamic Acedamy Of Delaware employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic Acedamy Of Delaware 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 Acedamy Of Delaware generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $757.6k during the year ending 12/2021. While expenses have increased by 4.9% 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
FULL-TIME EDUCATIONAL INSTITUTE (PRIMARY AND MIDDLE SCHOOL) WITH MISSION TO DEVELOP STUDENTS INTELLECTUAL, SPIRITUAL, MULTI-CULTURAL AND AESTHETIC POTENTIAL IN AN ISLAMIC ENVIRONMENT WITH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS CONTINUE TO DISCOVER NEW TALENTS, AND SCHOLARS, TEACHERS ENCOURAGE THEM TO EXCEL IN THEIR ACADEMIC ACHIEVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammad F Madiwale Secretary | Officer | 2 | $0 |
Ahmed Abouzeid Treasurer | Officer | 15 | $0 |
Nidal Abuasi School Principal | Officer | 40 | $0 |
Muhammed Niaz Chairman | Officer | 2 | $0 |
Bashir Mansoori Board Member | Trustee | 2 | $0 |
Mohammad Sarwar Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,647 |
| Related organizations | $0 |
| Government grants | $312,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,979 |
| Total Program Service Revenue | $921,441 |
| Investment income | $0 |
| 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 | $1,236,420 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,175 |
| 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 | $15,810 |
| Advertising and promotion | $2,752 |
| Office expenses | $3,919 |
| Information technology | $14,678 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,900 |
| Insurance | $0 |
| All other expenses | $25,441 |
| Total functional expenses | $757,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,320 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,008,923 |
| Accounts payable and accrued expenses | $2,275 |
| 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 | $0 |
| Total liabilities | $2,275 |
| Net assets without donor restrictions | $1,006,648 |
| 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 | $1,008,923 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Islamic Acedamy Of Delaware has recieved totaling $1,307.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |
Friends Select School Philadelphia, PA | $35,402,509 | $21,729,714 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |