Islamic Center of Staten Island Inc

EIN: 822370053 501(c)(3) Religion

Staten Island, NY

Total Revenue
$553,789
Total Expenses
$272,236
Total Assets
$287,575
Net Assets
$274,387
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
Karim Azzat
Phone
9293353296
Tax Period
2019-01-01 to 2019-12-31

Islamic Center of Staten Island Inc, founded in 2017, is a small nonprofit in the Religion sector that reported $554K in total revenue in fiscal year 2019. Revenue surged 239% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 51% operating margin.

Mission

ICSI strives to establish a vibrant and diverse Islamic community working together to uphold moral and ethical values, practice the Islamic faith, and serve the Staten Island as well as the broader community as guided by the Holy Quran and the life and teachings of the Prophet Mohamed (peace and blessings be upon him) through educational, social, religious and cultural activities.

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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 (2019)

Revenue Breakdown

Contributions & Grants $583,140
Program Service Revenue $0
Investment Income $0
Other Revenue $-29,351
TOTAL REVENUE $553,789

Expense Breakdown

Grants Paid $8,700
Salaries & Benefits $0
Fundraising Expenses $2,308
Program Expenses $247,417
Other Expenses $263,536
TOTAL EXPENSES $272,236

Year-over-Year Comparison

2019 2018 Change
Revenue $553,789 $163,313 +2.4%
Expenses $272,236 $192,687 +0.4%
Net Income $281,553 $-29,374 -10.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
100

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karim Azzat Board Chair 40.00
Officer Director
$0 $0 $0
Nora Said Secretary 5.00
Officer Director
$0 $0 $0
Zahid Qureshi Treasurer 5.00
Officer 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
2019 $553,789 $272,236 $287,575 $281,553
2018 $163,313 $192,687 $37 $-29,374
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