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Islamic Foundation North Endowment Fund FY2020 filing

Tax-deductible

Libertyville, IL501(c)(3)Since 2014Religion EIN 47-1572329Revenue $77K in FY2020Latest return filed May 14, 2026

On file with the IRSLibertyville, ILTax-exempt since Mar 2016Supporting org, Type I — 509(a)(3)

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Serving as an Endowment fund for the benefit of Islamic Foundation North

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1572329) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $82K a year · 99% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3425.7 mo
of spending, in cash
3425.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $57K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$77K
Spent
$1K
To programs
0%
Net assets
$819K
By yearFY2020–FY2025
Revenue
$77K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$69K
FY2022$68K
FY2023$99K
FY2024$8K
FY2025$178K
Expenses
$1K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1K
FY2021$2K
FY2022$1K
FY2023$1K
FY2024$847
FY2025$988
Net assets
$819K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$819K
FY2021$885K
FY2022$952K
FY2023$1.0M
FY2024$1.1M
FY2025$1.2M

From the FY2020 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2016.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $1K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Nisar Syed
President
$0Pt VII · Sec A
Masood Ahmed
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Islamic Foundation North Endowment Fund executive salaries →

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

Provides financial support to Islamic Foundation North.

Questions for Islamic Foundation North Endowment Fund

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1 program · in their own filed words · FY2020
01

Organized for the purpose of serving as an Endowment Fund for the benefit of Islamic Foundation North

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1572329) · Dispute this line
Pt IX · Ln 25 · 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
Raymond James Charitable Endowment FundFY2024$55K
Pfizer Foundation INCFY2024$2K
Total grants receivedfrom 2 funders$57K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$77K
Ln 12
Gifts and grantsLn 1h$71K
Other incomeLn 4–11$6K
Money outPt IX
$1K
Ln 25
Managementcol C$1K
Owns and owesPt X
$819K
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$820K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$6K
Total revenueLn 12$77K
Assets in detailPt X, end of year
CashLn 1$355K
Cash and savings togetherLn 1–2$355K
Land, buildings, equipmentLn 10c$116K
InvestmentsLn 11–13$350K
Total assetsLn 16$820K
LiabilitiesLn 26$2K
Net assetsLn 32$819K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$805K$735K$638K$588K$512K
AddedLn 1b$71K$98K$50K$77K$71K
SpentLn 1d–1f$1K$905$839$569$495
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$575K$355K
InvestmentsLn 11–13$50K$350K
Land, buildings, equipmentLn 10c$120K$116K
Total assetsLn 16$744K$820K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$743K$819K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$1K$0$1K
Total functional expensesLn 25$1K$0$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $178K$988$177K$1.2M 990 PDF
FY2024Filed with the IRS May 2, 2025 $8K$847$7K$1.1M 990 PDF
FY2023Filed with the IRS May 9, 2024 $99K$1K$98K$1.0M 990 PDF
FY2022Filed with the IRS May 4, 2023 $68K$1K$66K$952K 990 PDF
FY2021Filed with the IRS Mar 27, 2022 $69K$2K$67K$885K 990 PDF
FY2020 ViewingFiled with the IRS Mar 26, 2021 $77K$1K$76K$819K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $77,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,848$71,433
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$385$5,607
I-12 Total revenuePrior year $97,463$77,040
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $905$1,242
I-18 Total expensesPrior year $905$1,242
I-19 Revenue less expensesPrior year $96,558$75,798
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $77,040 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$59,405
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$12,028
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$71,433
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,607$5,607
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,607$77,040
Part IX · Statement of functional expenses $1,242 across 1 line filed
IX-24 Other expenses (24a–d)Programs $0 · Management $1,242$1,242
IX-25 Total functional expensesPrograms $0 · Management $1,242 · Fundraising $0$1,242
Part X · Balance sheet $820,093 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $574,512$354,561
X-10c Land, buildings and equipment, netStart of year $119,783$115,532
X-12 Other securitiesStart of year $50,000$350,000
X-16 Total assetsStart of year $744,295$820,093
X-25 Other liabilitiesStart of year $1,550$1,550
X-26 Total liabilitiesStart of year $1,550$1,550
X-27 Net assets without donor restrictionsStart of year $742,745$818,543
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $742,745$818,543
X-33 Total liabilities and net assetsStart of year $744,295$820,093
Part XI · Reconciliation of net assets $818,543 net assets at year end
XI-1 Total revenue$77,040
XI-2 Total expenses$1,242
XI-3 Revenue less expenses$75,798
XI-4 Net assets at start of year$742,745
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$818,543

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

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