AHL AL-BAYT ISLAMIC SEMINARY

EIN: 465648640 501(c)(3) Education

STREAMWOOD, IL

Total Revenue
$146,706
Total Expenses
$241,722
Total Assets
$173,732
Net Assets
$173,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
SOLOMAN HASSAN
Phone
5713311138
Tax Period
2017-08-01 to 2018-07-31

AHL AL-BAYT ISLAMIC SEMINARY, founded in 2014, is a small nonprofit in the Education sector that reported $147K in total revenue in fiscal year 2017. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $242K exceeded revenue, resulting in a 65% operating deficit.

Mission

THE AHL AL-BAYT SEMINARY WAS ESTABLISHED TO PROVIDE SPECIALIZED RELIGIOUS EDUCATION AND TRAINING TO FOLLOWERS OF THE SHIA MUSLIM FAITH. THE SEMINARY'S FULL-TIME PROGRAM OF STUDY IS DESIGNED TO PREPARE STUDENTS TO SERVE AS RELIGIOUS SCHOLARS AND LEADERS FOR SHIA MUSLIM COMMUNITIES IN NORTH & SOUTH AMERICA AND IN WESTERN EUROPE BY FAMILIARIZING THEM WITH BOTH TRADITIONAL ISLAMIC SEMINARY DISCIPLINES AND WITH THE MODERN SCHOLARSHIP AND COMPETENCIES NECESSARY FOR EFFECTIVE AND CONSTRUCTIVE ENGAGEMENT WITH LOCAL SOCIETY. THE SEMINARY INTENDS TO DEVOTE SUBSTANTIALLY ALL OF ITS TIME TO PURSUING ITS ACTIVITIES OF RELIGIOUS INSTRUCTION. THE SEMINARY WILL BE FUNDED PRINCIPALLY BY DONATIONS MADE BY ITS DIRECTOR/TRUSTEES AND BY OTHER MEMBERS OF THE PUBLIC.

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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 (2017)

Revenue Breakdown

Contributions & Grants $133,256
Program Service Revenue $13,450
Investment Income $0
Other Revenue $0
TOTAL REVENUE $146,706

Expense Breakdown

Grants Paid $65,700
Salaries & Benefits $66,000
Fundraising Expenses $0
Program Expenses $147,400
Other Expenses $110,022
TOTAL EXPENSES $241,722

Year-over-Year Comparison

2017 2016 Change
Revenue $146,706 $263,812 -0.4%
Expenses $241,722 $204,281 +0.2%
Net Income $-95,016 $59,531 -2.6%
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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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
11

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
2
$71,000
Total Directors
9
$71,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOLOMAN HASSAN PRESIDENT 30.00
Officer Director
$71,000 $0 $71,000
AMIR MUKHTAR FAEZI CHAIRMAN 15.00
Officer Director
$0 $0 $0
MIRZA MEHDI DIRECTOR 2.00
Director
$0 $0 $0
AFTAB HUSAIN DIRECTOR 2.00
Director
$0 $0 $0
ALI SAJJAD DIRECTOR 2.00
Director
$0 $0 $0
GHASSAN ZAZALEH DIRECTOR 2.00
Director
$0 $0 $0
HAMMAD HAIDERSHAH DIRECTOR 2.00
Director
$0 $0 $0
ASAD SADIQ DIRECTOR 2.00
Director
$0 $0 $0
AQEEL KHAN DIRECTOR 2.00
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
2018 $146,706 $241,722 $173,732 $-95,016
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