Tayseer Foundation FY2020 filing

Tax-deductible

Knoxville, TN501(c)(3)ReligionEIN 45-4653811Revenue $754K in FY2020

On file with the IRStayseerseminary.org706 Mabry Hood Rd, 37932-2617 · Knoxville, TNTax-exempt since Dec 2013Publicly supported charity — 170(b)(1)(A)(vi)

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To operate exclusively for charitable, religious and educational purposes

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$166K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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 $761K a year · 50% 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$166K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $28K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$84K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$754K
Spent
$456K
To programs
95%
Net assets
$304K
By yearFY2020–FY2024
Revenue
$754K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$754K
FY2021$2.5M
FY2022$2.6M
FY2023$852K
FY2024$815K
Expenses
$456K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$456K
FY2021$664K
FY2022$809K
FY2023$989K
FY2024$848K
Net assets
$304K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$304K
FY2021$2.2M
FY2022$4.0M
FY2023$3.8M
FY2024$3.8M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Dec 2013.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $435K Management & general 4% · $17K Fundraising 1% · $4K

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

7 people listed on the 990; $166K paid to officers and key staff.

Part VII, Section A · reportable compensation
$103,100Pt VII · Sec A
Secretary
$62,700Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Hassan Lachheb’s $125K as President is at the 95th percentile of top reported officer pay among 2133 $100K–1M 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Hassan Lachheb$125,375$121,833$114,750$106,000$103,100
Zaynab Ansari$75,678$72,425$68,500$65,700$62,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Supports charitable, religious, and educational causes through its operations.

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Provided by the organization

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2 programs · $435K · in their own filed words · FY2020
01

Formal academic training in islamic studies for students in need

$435Kprogram expense
02

Pilgrimage trip to further educate participants in islam

Pt IX · col B

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
Syed FoundationFY2024$100
Total grants receivedfrom 3 funders$28K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$754K
Ln 12
Gifts and grantsLn 1h$696K
Fees for servicesLn 2g$57K
Money outPt IX
$456K
Ln 25
Programscol B$435K
Managementcol C$17K
Fundraisingcol D$4K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$389K
LiabilitiesLn 26$84K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$696K
Noncash giftsLn 1g$195K
Fees for servicesLn 2g$57K
Total revenueLn 12$754K
Assets in detailPt X, end of year
CashLn 1$192K
Cash and savings togetherLn 1–2$192K
Land, buildings, equipmentLn 10c$195K
Total assetsLn 16$389K
LiabilitiesLn 26$84K
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$24K$192K
Land, buildings, equipmentLn 10c$921$195K
Total assetsLn 16$26K$389K
LiabilitiesLn 26$20K$84K
Net assetsLn 32$7K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$166K$166K
Other salaries and wagesLn 7$152K$152K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$25K$25K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$25K$21K$3K
Information technologyLn 14$2K$2K
OccupancyLn 16$35K$35K
TravelLn 17$15$15
Depreciation, depletion and amortizationLn 22$644$644
Other expenses (24a–d)Ln 24$19K$15K$4K
Total functional expensesLn 25$456K$435K$17K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $815K$848K−$33K$3.8M 990 PDF
FY2023 $852K$989K−$137K$3.8M 990 PDF
FY2022 $2.6M$809K$1.8M$4.0M 990 PDF
FY2021 $2.5M$664K$1.8M$2.2M 990 PDF
FY2020 Viewing $754K$456K$298K$304K 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 FY2020 990 (6 parts)
Part I · Summary $753,576 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $333,253$696,364
I-9 Program service revenuePrior year $300,611$57,212
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $633,864$753,576
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $335,858$347,285
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $339,358$108,739
I-18 Total expensesPrior year $675,216$456,024
I-19 Revenue less expensesPrior year −$41,352$297,552
Part VI · Governance 5 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $753,576 across 6 lines filed
VIII-1d Related organizations$128,400
VIII-1f All other contributions, gifts and grants$567,964
VIII-1g Noncash contributions (included above)$195,000
VIII-1h Total contributions, gifts and grants$696,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,212$57,212
VIII-12 Total revenueRelated to mission $57,212$753,576
Part IX · Statement of functional expenses $456,024 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $165,800$165,800
IX-7 Other salaries and wagesPrograms $152,287$152,287
IX-9 Other employee benefitsPrograms $4,145$4,145
IX-10 Payroll taxesPrograms $25,053$25,053
IX-11c Accounting feesManagement $13,750$13,750
IX-11g Other fees for servicesPrograms $3,202$3,202
IX-12 Advertising and promotionPrograms $10,322$10,322
IX-13 Office expensesPrograms $21,296 · Management $3,380$24,676
IX-14 Information technologyPrograms $1,975$1,975
IX-16 OccupancyPrograms $35,415$35,415
IX-17 TravelPrograms $15$15
IX-22 Depreciation, depletion and amortizationPrograms $644$644
IX-24 Other expenses (24a–d)Programs $14,960 · Fundraising $3,780$18,740
IX-25 Total functional expensesPrograms $435,114 · Management $17,130 · Fundraising $3,780$456,024
Part X · Balance sheet $388,933 assets, 7 lines filed
Asset lines not itemized here account for $1,318; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $24,213$192,338
X-10c Land, buildings and equipment, netStart of year $921$195,277
X-16 Total assetsStart of year $26,452$388,933
X-17 Accounts payable and accrued expensesStart of year $4,981$1,310
X-26 Total liabilitiesStart of year $19,560$84,489
X-32 Total net assets or fund balancesStart of year $6,892$304,444
X-33 Total liabilities and net assetsStart of year $26,452$388,933
Part XI · Reconciliation of net assets $304,444 net assets at year end
XI-1 Total revenue$753,576
XI-2 Total expenses$456,024
XI-3 Revenue less expenses$297,552
XI-4 Net assets at start of year$6,892
XI-10 Net assets at end of year$304,444

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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