Islamic-American Zakat Foundation
- Assets
- $458.4k
- Revenue
- $460.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 52-1492341
Organization Overview
Islamic-American Zakat Foundation is located in Bethesda, MD. The organization was established in 1986. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islamic-American Zakat 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, Islamic-American Zakat Foundation generated $460.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $262.1k during the year ending 12/2021. 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
OUR MISSION IS TO PROVIDE ASSISTANCE FOR FOOD, SHELTER, CLOTHING, AND TRANSPORTATION FOR THE POOR AND NEEDY, ORPHANS, WAYFARES, AND ANY OTHER PERSONS AND NEEDS DESERVING OF CHARITY UNDER ISLAMIC LAW BY ASSESSING, COLLECTING AND DISTRIBUTING OBLIGATORY AND VOLUNTARY CHARITY CALLED ZAKAT AND SADDAQA. OUR PRIMARY OBJECTIVE IS TO SERVE THE POOR AND NEEDY MUSLIMS IN THE UNITED STATE ELIGIBLE NON-MUSLIM ARE ALSO HELPED AND SOME AID IS SENT ABROAD TO HELP POOR OR NEEDY ORPHANS AND OTHER CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS TO POOR AND NEEDY FAMILIES FOR PURCHASE OF, OR IN THE FORM OF, FOOD, SHELTER, FUEL, CLOTHING RENT, DEBT REDUCTION, TRANSPORTATION, MEDICAL SERVICES, AND LEGAL FEES.
OPERATION OF MEDINA PROGRAM TO RECRUIT, TRAIN, AND DEPLOY VOLUNTEERS AND PROFESSIONALS TO PROVIDE DIRECT SOCIAL SERVICES, COUNSELING AND REFERRALS TO THE POOR AND NEEDY, AIMED AR SELF SUFFICIENCY
ASSISTANCE TO SPECIFIC INDIVIDUAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Imad A Ahmad President | OfficerTrustee | 1 | $0 |
Cecilia Ruff Treasurer | OfficerTrustee | 0.5 | $0 |
Omar Atia Secretary | OfficerTrustee | 0.5 | $0 |
Yusuf Saleem Vice President | Trustee | 0.5 | $0 |
Ramy Osman Director | Trustee | 0.1 | $0 |
M Abdus Salaam Ahmad Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $32,110 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,115 |
| Noncash contributions included in lines 1a–1f | $750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,225 |
| Total Program Service Revenue | $0 |
| Investment income | $2,493 |
| 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 | $460,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $135,249 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,919 |
| Office expenses | $1,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $250 |
| All other expenses | $976 |
| Total functional expenses | $262,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $122,168 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,152 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $390 |
| Investments—publicly traded securities | $64,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,756 |
| Total assets | $458,447 |
| Accounts payable and accrued expenses | $3,575 |
| 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 | $3,575 |
| Net assets without donor restrictions | $307,554 |
| Net assets with donor restrictions | $147,318 |
| 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 | $458,447 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Islamic-American Zakat Foundation has recieved totaling $159,819.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $154,144 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $175 |
Endowment Analysis
| Beg. Balance | $6,688 |
| Earnings | $2,402 |
| Net Contributions | $1,124 |
| Ending Balance | $10,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emerging Light Foundation Inc Rockville, MD | $6,271,792 | $71,704 |
National Community Foundation Wilmington, DE | $8,743,100 | $1,141,267 |
Monumental Scholars Fund Inc Washington, DC | $969,121 | $585,753 |
Lutheran Center Corporation Baltimore, MD | $6,887,945 | $824,907 |
John Barnes Trustees Inc Jenkintown, PA | $25,392,688 | $605,311 |
The Jerusalem Connection Richmond, VA | $1,897,803 | $589,284 |
Orthodox Ministry Services Pittsburgh, PA | $60,069 | $647,145 |
Young Jin Moon Charitable Foundation Greeley, PA | $9,309,287 | $258,098 |
Generosity Foundation Reston, VA | $647,620 | $473,778 |
Johnston Jean Fbo Presbyt Ch Etaltr Pittsburgh, PA | $0 | $455,746 |
Ministering To Ministers Foundation Inc Richmond, VA | $423,680 | $121,088 |
Islamic-American Zakat Foundation Bethesda, MD | $458,447 | $460,718 |