Iftin Charter School
- Assets
- $3.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 75
- Location
- San Diego, CA
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 72-1585811
Organization Overview
Iftin Charter School is located in San Diego, CA. The organization was established in 2007. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Iftin Charter School employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iftin Charter School 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, Iftin Charter School generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 7.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ICS PROVIDES STUDENTS IN GRADES K-8 AN ACADEMICALLY RIGOROUS CORE-ALIGNED CURRICULA SUPPLEMENTED WITH A TECHNOLOGY INTENSIVE PROGRAM IN A STUDENT CENTERED, SAFE AND CARING LEARNING ENVIRONMENT. ICS ADDRESSES THE NEEDS OF A DIVERSE GROUP OF STUDENTS, THEIR FAMILIES AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT, BENEFIT AND CARRY OUT THE PURPOSES OF IFTIN CHARTER SCHOOL, A CALIFORNIA PUBLIC CHARTER SCHOOL THAT SERVES GRADE K-8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maslah Yussuf CEO | Trustee | 40 | $153,591 |
Ali Hori Trustee | OfficerTrustee | 40 | $109,628 |
Abdi Mohamud Trustee | Trustee | 40 | $118,173 |
Abdirahim Mohamud | 40 | $118,173 | |
Shuayb Mumin Trustee | Trustee | 40 | $52,741 |
Ibrahim Hassan Trustee | Trustee | 2 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,955,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,975,709 |
| Total Program Service Revenue | $0 |
| Investment income | $7,468 |
| 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 | $5,983,177 |
| 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. | $434,133 |
| Compensation of current officers, directors, key employees. | $434,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,655,040 |
| Pension plan accruals and contributions | $831,952 |
| Other employee benefits | $146,982 |
| Payroll taxes | $226,175 |
| Fees for services: Management | $73,333 |
| Fees for services: Legal | $13,052 |
| Fees for services: Accounting | $11,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,121 |
| Fees for services: Other | $267,531 |
| Advertising and promotion | $10,496 |
| Office expenses | $85,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,632 |
| Travel | $6,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $74,940 |
| All other expenses | $90,985 |
| Total functional expenses | $5,967,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,938,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $762,830 |
| 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 | $79,144 |
| Net Land, buildings, and equipment | $332,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,826 |
| Total assets | $3,121,247 |
| Accounts payable and accrued expenses | $236,556 |
| Grants payable | $0 |
| Deferred revenue | $615,492 |
| 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 | $852,048 |
| Net assets without donor restrictions | $1,936,690 |
| Net assets with donor restrictions | $332,509 |
| 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 | $3,121,247 |