Universal Education Foundation

EIN: 203707254 501(c)(3) Education

FORT WAYNE, IN

Total Revenue
$1,207,330
Total Expenses
$161,761
Total Assets
$1,942,457
Net Assets
$1,925,369
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IN
Principal Officer
Saeed Bahemia
Phone
2604367944
Tax Period
2023-01-01 to 2023-12-31

Universal Education Foundation, founded in 2007, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 540% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 87% operating margin.

Mission

Provide Islamic Religious Education

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,189,561
Program Service Revenue $17,769
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,207,330

Expense Breakdown

Grants Paid $13,020
Salaries & Benefits $70,000
Fundraising Expenses $600
Program Expenses $92,169
Other Expenses $78,741
TOTAL EXPENSES $161,761

Year-over-Year Comparison

2023 2022 Change
Revenue $1,207,330 $188,532 +5.4%
Expenses $161,761 $157,867 +0.0%
Net Income $1,045,569 $30,665 +33.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
30

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
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tariq Ackbar Trustee 1.00
Director
$0 $0 $0
Gohar Salam Trustee 1.00
Director
$0 $0 $0
Salah Algarami Director 1.00
Director
$0 $0 $0
Ahmed Mustafa Secretary 2.00
Officer Director
$0 $0 $0
Shazia Ghazali School Principal 2.00
Director
$0 $0 $0
Hisham Elhassan Trustee 2.00
Director
$0 $0 $0
Arif Jalalluddin School Vice Principal 2.00
Director
$0 $0 $0
Saeed Bahemia Treasurer 2.00
Officer Director
$0 $0 $0
Tariq Alkhairy Trustee 2.00
Director
$0 $0 $0
Midhat Omerovic President 2.00
Officer Director
$0 $0 $0
Imad Horani Trustee 2.00
Director
$0 $0 $0
Nimra Kahn Director 1.00
Director
$0 $0 $0
Sadia Ackbar Director 1.00
Director
$0 $0 $0
Refat Obaed Director 1.00
Director
$0 $0 $0
Badr Binrabba Director 1.00
Director
$0 $0 $0
Asim Mohammed Director 1.00
Director
$0 $0 $0
Ahmed Jally Director 1.00
Director
$0 $0 $0
Shahnawaz Qureshi Director 1.00
Director
$0 $0 $0
Aozayr Zubir Director 1.00
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
2024 No data No data No data No data
2023 $1,207,330 $161,761 $1,942,457 $1,045,569
2022 $188,532 $157,867 $894,695 $30,665
2021 $210,394 $176,314 $854,279 $34,080
2020 $123,346 $191,180 $904,528 $-67,834
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