Ikram Foundation for Empowerment of Muslim Women

EIN: 471523065 501(c)(3) Religion

Herndon, VA

Total Revenue
$186,339
Total Expenses
$338,378
Total Assets
$320,620
Net Assets
$320,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
Margaret Farchtchi
Phone
7035051950
Tax Period
2023-01-01 to 2023-12-31

Ikram Foundation for Empowerment of Muslim Women, founded in 2014, is a small nonprofit in the Religion sector that reported $186K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $338K exceeded revenue, resulting in a 82% operating deficit.

Mission

Ikram Foundation seeks to empower divorced or widowed Muslim women through education

Program Service Accomplishments

Program 1
Expenses: $76,212

Educational grants for college 1st Bachelors 14 women were awarded grants to assist with achieving a 1st Bachelors

Program 2
Expenses: $59,881

Educational grants for vocational programs 30 women were awarded grants for vocational programs.

Program 3
Expenses: $153,243

All other program related expenses

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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 $147,523
Program Service Revenue $0
Investment Income $0
Other Revenue $38,816
TOTAL REVENUE $186,339

Expense Breakdown

Grants Paid $150,984
Salaries & Benefits $150,025
Fundraising Expenses $25,567
Program Expenses $289,336
Other Expenses $32,119
TOTAL EXPENSES $338,378

Year-over-Year Comparison

2023 2022 Change
Revenue $186,339 $460,093 -0.6%
Expenses $338,378 $322,827 +0.0%
Net Income $-152,039 $137,266 -2.1%
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

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Governance

Voting Members
6
Independent Members
4
Employees
5
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
5
$79,655
Total Directors
6
$79,655
Key Employees
1
$79,655
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Somayyah Ghariani Executive Director 040.00
Officer Director Key Emp Highest
$74,405 $5,250 $79,655
Ilham Altalib President 002.00
Officer Director
$0 $0 $0
Margaret Farchtchi Treasurer 004.00
Officer Director
$0 $0 $0
Rahat Ahmed Secretary 002.00
Officer Director
$0 $0 $0
Salwa Medani PRO 003.00
Officer Director
$0 $0 $0
Hasan Altalib VP 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 No data No data No data No data
2023 $186,339 $338,378 $320,620 $-152,039
2022 $460,093 $322,827 $480,843 $137,266
2021 $315,794 $244,573 $340,897 $71,221
2020 $288,095 $208,758 $263,516 $79,337
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