Oula INC FY2022 filing

Tax-deductible

Cherry Hill, NJ501(c)(3)EducationEIN 27-2985666Revenue $397K in FY2022

On file with the IRSgclea.org5 Esterbrook Lane, 08003-4013 · Cherry Hill, NJTax-exempt since Apr 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To foster, promote and provide charitable and cultural programming as services to the local community.

501(c)(3) charity; gifts are tax-deductible.
16¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $26K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
16%
of spending
Concern: 16% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$393
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
-28% vs prior year
Spent
$393K
To programs
16%
Net assets
$577K
By yearFY2020–FY2024
Revenue
$397K
FY2022▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$384K
FY2021$551K
FY2022$397K
FY2023$273K
FY2024$475K
Expenses
$393K
FY2022▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$269K
FY2021$326K
FY2022$393K
FY2023$467K
FY2024$495K
Net assets
$577K
FY2022▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$347K
FY2021$572K
FY2022$577K
FY2023$383K
FY2024$363K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

16 cents of each dollar spent went to programs.

Program services 16% · $62K Management & general 84% · $330K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Oula INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers charitable and cultural programs to the local community.

Provided by the organization

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1 program · $62K · in their own filed words · FY2022
01

The organization provides various social and educational events as islamic school and ramadan academy programs for children throughout the year, including youth groups, breakfasts, and cultural study classes.

$62Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$397K
Ln 12
Gifts and grantsLn 1h$397K
Money outPt IX
$393K
Ln 25
Programscol B$62K
Managementcol C$330K
Owns and owesPt X
$577K
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$577K
LiabilitiesLn 26$393
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$397K
Government grantsLn 1e$6K
Total revenueLn 12$397K
Assets in detailPt X, end of year
CashLn 1$362K
Cash and savings togetherLn 1–2$362K
Land, buildings, equipmentLn 10c$78K
Total assetsLn 16$577K
LiabilitiesLn 26$393
Net assetsLn 32$577K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$348K$362K
Land, buildings, equipmentLn 10c$87K$78K
Total assetsLn 16$579K$577K
LiabilitiesLn 26$7K$393
Net assetsLn 32$572K$577K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$156K$156K
Payroll taxesLn 10$14K$14K
Advertising and promotionLn 12$559$559
Office expensesLn 13$5K$5K
OccupancyLn 16$50K$50K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$42K$32K$10K
All other expensesLn 24e$91K$23K$68K
Total functional expensesLn 25$393K$62K$330K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $475K$495K−$21K$363K 990 PDF
FY2023 $273K$467K−$193K$383K 990 PDF
FY2022 Viewing $397K$393K$4K$577K 990 PDF
FY2021 $551K$326K$226K$572K 990 PDF
FY2020 $384K$269K$116K$347K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $397,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $551,395$397,262
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $551,395$397,262
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $163,774$170,520
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $161,743$222,262
I-18 Total expensesPrior year $325,517$392,782
I-19 Revenue less expensesPrior year $225,878$4,480
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $397,262 across 5 lines filed
VIII-1b Membership dues$20,420
VIII-1e Government grants$6,320
VIII-1f All other contributions, gifts and grants$370,522
VIII-1h Total contributions, gifts and grants$397,262
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$397,262
Part IX · Statement of functional expenses $392,782 across 10 lines filed
IX-7 Other salaries and wagesManagement $156,350$156,350
IX-10 Payroll taxesManagement $14,170$14,170
IX-12 Advertising and promotionManagement $559$559
IX-13 Office expensesManagement $5,373$5,373
IX-16 OccupancyManagement $49,915$49,915
IX-17 TravelManagement $5,238$5,238
IX-22 Depreciation, depletion and amortizationManagement $20,894$20,894
IX-23 InsurancePrograms $7,359$7,359
IX-24 Other expenses (24a–d)Programs $32,339 · Management $9,585$41,924
IX-24e All other expensesPrograms $22,695 · Management $68,305$91,000
IX-25 Total functional expensesPrograms $62,393 · Management $330,389 · Fundraising $0$392,782
Part X · Balance sheet $577,284 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $347,847$361,583
X-4 Accounts receivableStart of year $142,673$137,403
X-10c Land, buildings and equipment, netStart of year $87,373$78,298
X-16 Total assetsStart of year $579,336$577,284
X-25 Other liabilitiesStart of year $6,925$393
X-26 Total liabilitiesStart of year $6,925$393
X-27 Net assets without donor restrictionsStart of year $572,411$576,891
X-32 Total net assets or fund balancesStart of year $572,411$576,891
X-33 Total liabilities and net assetsStart of year $579,336$577,284
Part XI · Reconciliation of net assets $576,891 net assets at year end
XI-1 Total revenue$397,262
XI-2 Total expenses$392,782
XI-3 Revenue less expenses$4,480
XI-4 Net assets at start of year$572,411
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$576,891

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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