ISLAMIC CULTURAL CENTER SCHOOL INC

EIN: 830609644 501(c)(3) Education

NEW YORK CITY, NY

Total Revenue
$1,840,103
Total Expenses
$1,860,048
Total Assets
$19,380
Net Assets
$-5,284
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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
2018
Principal Officer
TAREQ ALBANAI
Phone
2127225234
Tax Period
2024-01-01 to 2024-12-31

ISLAMIC CULTURAL CENTER SCHOOL INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

To operate a religious elementary school

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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 $1,248,259
Program Service Revenue $591,844
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,840,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,414,321
Fundraising Expenses $0
Program Expenses $1,860,048
Other Expenses $445,727
TOTAL EXPENSES $1,860,048

Year-over-Year Comparison

2024 2023 Change
Revenue $1,840,103 $1,639,963 +0.1%
Expenses $1,860,048 $1,658,166 +0.1%
Net Income $-19,945 $-18,203 +0.1%
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
4
Independent Members
4
Employees
38
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAREQ ALBANAI DIRECTOR 5
Director
$0 $0 $0
FAISAL ALENEZI BOARD MEMBER 1
Director
$0 $0 $0
RAZAN ALSHARIKH BOARD MEMBER 2
Director
$0 $0 $0
RASHA ALNAIBARI DIRECTOR 20
Director
$0 $0 $0
HAMEED OPELOYERU BOARD MEMBER 2
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 $1,840,103 $1,860,048 $19,380 $-19,945
2023 $1,639,963 $1,658,166 $42,353 $-18,203
2022 $1,489,617 $1,506,645 $33,537 $-17,028
2021 $1,239,781 $1,232,314 $49,892 $7,467
2020 $1,213,805 $1,171,380 $53,643 $42,425
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