Next Wave Muslim Initiative Inc
- Assets
- $325.1k
- Revenue
- $244.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Bethesda, MD
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-2984068
Organization Overview
Next Wave Muslim Initiative Inc is located in Bethesda, MD. The organization was established in 2013. 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, Next Wave Muslim Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Wave Muslim Initiative 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, Next Wave Muslim Initiative Inc generated $244.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $218.9k during the year ending 12/2021. While expenses have increased by 24.9% 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
RELIGIOUS AND SPIRITUAL PROGRAMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMP NWMI: TWO WEEK CAMP FOR CHILDREN 3-15 YEARS OLD. APPROXIMATELY 60 CHILDREN ATTENDED THE CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haleema Reham Secretary | Officer | 3 | $0 |
Ali Esfahani Trustee | Officer | 3 | $0 |
Aamir Nur Dee Treasurer | Officer | 3 | $0 |
Zainab Khabir Board Vice President | Officer | 3 | $0 |
Tannaz Haddad Trustee | Officer | 3 | $0 |
Tabassum Majid Trustee | Officer | 3 | $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 | $244,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,610 |
| Total Program Service Revenue | $0 |
| 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 | $244,610 |
| 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 | $64,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,670 |
| Fees for services: Management | $32,737 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,005 |
| Office expenses | $23,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,223 |
| Travel | $823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,907 |
| All other expenses | $0 |
| Total functional expenses | $218,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372 |
| 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 | $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 | $325,126 |
| Accounts payable and accrued expenses | $2,136 |
| 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 | $2,136 |
| Net assets without donor restrictions | $0 |
| 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 | $325,126 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Next Wave Muslim Initiative Inc has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $65,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International School Of Islamabad Society Washington, DC | $4,463,469 | $5,575,042 |
Tarbiyah Sch Inc Newark, DE | $15,175 | $1,151,857 |
Darul Huda Corp Springfield, VA | $724,677 | $551,326 |
Dar Al Taqwa Incorporated Ellicott City, MD | $12,316,129 | $678,883 |
Hafiz Samiullah Quran Institute Sterling, VA | $35,844 | $525,770 |
Masjidullah Incorporated Philadelphia, PA | $2,159,915 | $660,035 |
Islamic Education Center Inc Potomac, MD | $998,883 | $731,011 |
A Light Of Hope Newark, DE | $0 | $504,250 |
Islamic Association Of Northeastern Pennsylvania Wilkes Barre, PA | $1,696,693 | $624,648 |
Dawat-E-Islami Inc Woodlawn, MD | $1,034,957 | $1,226,706 |
All Muslim Association Of America Inc Alexandria, VA | $3,205,867 | $574,594 |
The Islamic Tijaniya Foundation Of America Upper Marlboro, MD | $350,829 | $137,713 |