AL-FURQAAN FOUNDATION

EIN: 200310701 501(c)(3) Religion

LOMBARD, IL

Total Revenue
$3,249,437
Total Expenses
$2,547,450
Total Assets
$9,389,287
Net Assets
$5,332,724
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
MOHAMMED W SAYEED
Phone
6309145015
Tax Period
2020-01-01 to 2020-12-31

AL-FURQAAN FOUNDATION, founded in 2003, is a community nonprofit in the Religion sector that reported $3.2M in total revenue in fiscal year 2020. The organization ran a surplus of $702K, a strong 22% operating margin.

Mission

TO INFORM AND EDUCATE ALL THE RESIDENTS OF THE UNITED STATES THE TRUTH ABOUT ISLAM AND ITS CORE PRINCIPLES AND TO COUNTER THE NEGATIVE MEDIA INFORMATION THAT IS BEING DISSEMINATED ABOUT ISLAM AND TO PRODUCE, DEVELOP, ACQUIRE, AND DISTRIBUTE ANY LITERATURE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $2,073,542
Program Service Revenue $928,213
Investment Income $40,384
Other Revenue $207,298
TOTAL REVENUE $3,249,437

Expense Breakdown

Grants Paid $9,200
Salaries & Benefits $1,193,966
Fundraising Expenses $39,040
Program Expenses $2,327,734
Other Expenses $1,344,284
TOTAL EXPENSES $2,547,450

Year-over-Year Comparison

2020 2019 Change
Revenue $3,249,437 $3,370,459 0.0%
Expenses $2,547,450 $3,089,194 -0.2%
Net Income $701,987 $281,265 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
6
Independent Members
5
Employees
51
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$32,495
Total Directors
6
$32,495
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mohammed W Sayeed President 40.00
Officer Director
$32,495 $0 $32,495
Hussain Kedwaii Treasurer 5.00
Officer Director
$0 $0 $0
Mohammed Abdulghani Secretary 1.00
Officer Director
$0 $0 $0
Syed Salahuddin Director 1.00
Director
$0 $0 $0
Mohammed S Sayeed Director 5.00
Director
$0 $0 $0
Abdul Khan Director 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $3,249,437 $2,547,450 $9,389,287 $701,987
2019 $3,370,459 $3,089,194 $8,405,664 $281,265
2018 $3,533,036 $2,817,673 $7,767,872 $715,363
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