Tayseer Foundation
- Assets
- $2.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Knoxville, TN
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-4653811
Organization Overview
Tayseer Foundation is located in Knoxville, TN. 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, Tayseer Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tayseer Foundation 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, Tayseer Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $664.4k during the year ending 12/2021. While expenses have increased by 14.4% 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
TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMAL ACADEMIC TRAINING IN ISLAMIC STUDIES FOR STUDENTS IN NEED
PILGRIMAGE TRIPS TO FURTHER EDUCATE PARTICIPANTS IN ISLAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hassan Lachheb President | Officer | 40 | $106,000 |
Zaynab Ansari Secretary | Officer | 40 | $65,700 |
Abu B Ahmed Treasurer | Officer | 5 | $0 |
Reem Abdelrazek Board Member | Trustee | 0.5 | $0 |
Saimah Hameeduddin Board Member | Trustee | 0.5 | $0 |
Nadeem Siddiqi Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $128,400 |
| Government grants | $134,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,955,544 |
| Noncash contributions included in lines 1a–1f | $1,701,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,218,325 |
| Total Program Service Revenue | $289,569 |
| 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 | $2,510,094 |
| 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. | $171,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,293 |
| Payroll taxes | $22,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,711 |
| Advertising and promotion | $28,610 |
| Office expenses | $33,007 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,899 |
| Travel | $1,370 |
| 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 | $26,766 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $664,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $1,318 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,760,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,167,318 |
| Accounts payable and accrued expenses | $2,602 |
| 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 | $14,579 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,181 |
| 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 | $2,150,137 |
| Total liabilities and net assets/fund balances | $2,167,318 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tayseer Foundation has recieved totaling $48,074.
| Awarding Organization | Amount |
|---|---|
The Siddiqi Charitable Foundation Knoxville, TN PURPOSE: SUPPORT ACADEMIC & CULTURAL PROGRAMS | $25,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $7,650 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $7,650 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $7,650 |
Syed Foundation Bloomfield, MI PURPOSE: CHARITY | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Darul Huda Corp Springfield, VA | $724,677 | $551,326 |
Hamzah Islamic Center Inc Alpharetta, GA | $2,847,852 | $801,033 |
Gwinnett Islamic Circle Inc Suwanee, GA | $4,807,501 | $450,589 |
North American Foundation Of Islamic Services Apex, NC | $3,528,411 | $990,094 |
Tayseer Foundation Knoxville, TN | $2,167,318 | $2,510,094 |
Hafiz Samiullah Quran Institute Sterling, VA | $35,844 | $525,770 |
Cair-Nga Inc Atlanta, GA | $142,801 | $400,626 |
Ccic Marietta, GA | $3,159,550 | $848,462 |
Islamic Circle Of North America Ga Inc Cumming, GA | $162,942 | $496,561 |
Ahlulbait Foundation Inc Lilburn, GA | $651,819 | $397,328 |
St Louis Islamic Center Saint Louis, MO | $2,117,684 | $383,574 |
Al Taqwa Masjid And Funeral Service Foundation Saint Louis, MO | $65,901 | $364,851 |