Islamic Resource Group EIN 41-2017184

Islamic Resource Group

EIN  41-2017184 Religious organization Saint Anthony, MN
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Builds understanding between Muslims and the community through presentations.
Leadership
Rashed Ferdours · Chairperson
Money in and out
$67K revenue, $129K expenses
Bottom line
90% program efficiency

Builds understanding between Muslims and the community through presentations. For fiscal year 2024 it reported $67K in revenue, $129K in expenses, and $299K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$299K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$62K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.09 Fundraising $0.02
Program efficiency
90%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
27.7mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
-92%
revenue over expenses, this year▼ -17123% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$67K
FY2024▼ -39%
Expenses
$129K
FY2024▲ +17%
Total assets
$299K
FY2024▼ -11%
Total liabilities
$597
FY2024▼ -57%
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$299K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$62K
Total assetsPt X · Ln 16$299K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $115K of program spending, described in the organization's own filed words · FY2024.
01

In 2024 islamic resource group(irg) continued in-person presentations and meetings. But on occasion, irg will still do some virtual presentations.

$60Kprogram expense
02

Irg collaborated with representatives from other faith communities in minnesota to provide expanded interfaith education opportunities. Irg conducted serial educational presentations with jewish, christian, buddhist, and hindu speakers in addition to multi-faith panels.

$30Kprogram expense
03

Irg provided professional development opportunities to educators and law enforcement in minnesota. In a time of increasing awareness of the value of cultural diversity and religious diversity, irg is the trusted go-to resource for information about islam and muslim cultures.

$25Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIslamic Resource Group
EINHdr · item D41-2017184
Principal addressHdr · item CSaint Anthony, MN
WebsiteHdr · item Jwww.irgmn.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X40)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$55K · 82%
Investment income$8K · 12%
Program service revenue$4K · 5%
Contributions & grants82%$55K
Investment income12%$8K
Program service revenue5%$4K
Total revenueLn 12$67K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.02
Program services90%$115K
Management & general9%$11K
Fundraising2%$2K
Total functional expensesLn 25$129K

Balance Sheet

Part X · end of year
CashLn 1$84K
Total assetsLn 16$299K
Total liabilitiesLn 26$597
Total net assetsLn 32$299K
Months of cash on handcomputed7.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $298K · Operating expenses/yr $129K
27.7 months
Where the money goes
Program services
Program services $115K · Total expenses $129K
90%
Management & General
Management & general $11K · Total expenses $129K
9%
Fundraising
Fundraising $2K · Total expenses $129K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $83K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $55K · Total revenue $67K
82%
Government reliance
Government grants — · Total revenue $67K
Earned-income share
Program service revenue $4K · Total revenue $67K
5%
Investment reliance
Investment income $8K · Total revenue $67K
+12%
Program self-sufficiency
Program service revenue $4K · Total expenses $129K
3%
Growth & trend
Revenue growth (YoY)
This year $67K · Prior year $111K
-39%
Revenue CAGR
FY2020 $110K · FY2024 $67K
-12%
Net-asset trend (YoY)
End of year $299K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $67K · Expenses $129K
-92%
Liabilities-to-Assets
Total liabilities — · Total assets $299K
Net-asset ratio
Net assets $299K · Total assets $299K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $214K · Total assets (Pt X, ln 16) $299K
71%
People & payroll
Highest Reported Total Compensation
Individual Rashed Ferdours · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $129K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70K · Total expenses $129K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 9%
Fundraising cost ratio 4%
Revenue growth -39%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$67K revenue · viewing · ⤓ 990 PDF
FY2023$111K revenue · ⤓ 990 PDF
FY2022$106K revenue · ⤓ 990 PDF
FY2021$86K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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