Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2020. IRS ruling in Nov 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
6 people listed on the 990; $32K paid to officers and key staff.
Mohammed W Sayeed’s $32K as President is at the 8th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Al-Furqaan Foundation executive salaries →Are you one of these people? Claim this org to confirm your role
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates Americans about Islam and counters negative media portrayals.
This section is blank until Al-Furqaan Foundation claims this page.
Know this organization? Claim it to add your story
Furqaan academy is an islamic full time school from pre-k to 12TH grade which teaches a regular academic curriculum, qur'an memorization, islamic studies and arabic language.
Furqaan project is our flagship project for distributing free and subsidized distributuion of the best translation of the qur'an in the english language. "the clear qur'an" has gained amazing acceptance nationwide.
Furqaan bookstore is where we carry a large selection of books and other electronic products on different topics of islam useful for different segment of the society.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.3M |
| Land, buildings, equipmentLn 10c | $2.2M | $2.7M |
| Total assetsLn 16 | $8.4M | $9.4M |
| LiabilitiesLn 26 | $3.8M | $4.1M |
| Net assetsLn 32 | $4.6M | $5.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $9K | $9K | ||
| Pay of current officers, directors and key staffLn 5 | $32K | $32K | $0 | $0 |
| Other salaries and wagesLn 7 | $1.1M | $998K | $68K | $0 |
| Payroll taxesLn 10 | $95K | $92K | $3K | $0 |
| Other fees for servicesLn 11g | $13K | $4K | $9K | $0 |
| Advertising and promotionLn 12 | $213K | $212K | $1K | $0 |
| Office expensesLn 13 | $34K | $22K | $13K | $0 |
| RoyaltiesLn 15 | $47K | $47K | $0 | $0 |
| OccupancyLn 16 | $135K | $109K | $26K | $0 |
| TravelLn 17 | $51K | $11K | $1K | $39K |
| Depreciation, depletion and amortizationLn 22 | $68K | $68K | $0 | $0 |
| InsuranceLn 23 | $13K | $9K | $4K | $0 |
| Other expenses (24a–d)Ln 24 | $498K | $482K | $16K | $0 |
| All other expensesLn 24e | $271K | $231K | $40K | $0 |
| Total functional expensesLn 25 | $2.5M | $2.3M | $181K | $39K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2020 Latest Viewing | $3.2M | $2.5M | $702K | $5.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $3,249,437 across 5 lines filed
Part IX · Statement of functional expenses $2,547,450 across 14 lines filed
Part X · Balance sheet $9,389,287 assets, 13 lines filed
Part XI · Reconciliation of net assets $5,332,724 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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