IQRA INTERNATIONAL EDUCATIONAL FOUNDATION

EIN: 363266715 501(c)(3) Arts, Culture & Humanities

Skokie, IL

Total Revenue
$1,016,114
Total Expenses
$968,322
Total Assets
$1,352,808
Net Assets
$1,352,808
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IL
Principal Officer
TASNEEMA GHAZI
Phone
8476734072
Tax Period
2024-01-01 to 2024-12-31

IQRA INTERNATIONAL EDUCATIONAL FOUNDATION, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $968K left a modest 5% surplus.

Mission

THE FOUNDATION FOSTERS AND PROMOTE THE DEVELOPMENT, KNOWLEDGE AND ADVANCEMENT OF EDUCATION OF THE ISLAMIC RELIGION

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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 (2024)

Revenue Breakdown

Contributions & Grants $79,858
Program Service Revenue $936,240
Investment Income $0
Other Revenue $16
TOTAL REVENUE $1,016,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $290,738
Fundraising Expenses $0
Program Expenses $877,755
Other Expenses $677,584
TOTAL EXPENSES $968,322

Year-over-Year Comparison

2024 2023 Change
Revenue $1,016,114 $931,581 +0.1%
Expenses $968,322 $869,496 +0.1%
Net Income $47,792 $62,085 -0.2%
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
8
Independent Members
8
Employees
8
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
1
$0
Total Directors
7
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TASNEEMA GHAZI EXECUTIVE DIRECTOR 040.00
Officer Director Key Emp
$0 $0 $0
HABEEB QUADRI DIRECTOR 001.00
Director
$0 $0 $0
SAMANA KHAN DIRECTOR 001.00
Director
$0 $0 $0
SYED K HUSSAIN DIRECTOR 001.00
Director
$0 $0 $0
SHAHID SIDDIQUI DIRECTOR 001.00
Director
$0 $0 $0
RASHID GHAZI DIRECTOR 001.00
Director
$0 $0 $0
SUHAIB GHAZI DIRECTOR 001.00
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 $1,016,114 $968,322 $1,352,808 $47,792
2023 $931,581 $869,496 $1,305,016 $62,085
2022 $913,635 $939,156 $1,199,548 $-25,521
2021 $947,573 $918,233 $1,351,475 $29,340
2020 $540,935 $706,685 $1,393,496 $-165,750
2019 $911,888 $936,962 $1,496,815 $-25,074
2018 $977,964 $1,046,421 $1,575,472 $-68,457
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