Al-Israa Academy

IRS exemption revoked

Minneapolis, MNUnknown exempt organizationEIN 61-1850641Revenue $191K in FY2020

On file with the IRS6875 Hwy 65 Ne · Minneapolis, MN

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Al-Israa Academy is a private full-time Islamic elementary school established to help provide Muslim children with an Islamic environment in which they can achieve their highest potential; founded on Islamic morals, academic excellence, and good citizenship.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $85K a year · 28% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: -6.8 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
-0% of total assets
Looks good: liabilities are -0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
-54% vs prior year
Spent
$301K
To programs
100%
Net assets
−$170K
By yearFY2019–FY2020
Revenue
$191K
FY2020▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2019$414K
FY2020$191K
Expenses
$301K
FY2020▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2019$473K
FY2020$301K
Net assets
−$170K
FY2020▼ -259%
Tap a bar for its year
Net assets by fiscal year
FY2019−$48K
FY2020−$170K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $301K

Form 990 Part IX, line 25. 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
Vice President
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Secratary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Al-Israa Academy 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

Educates Muslim children in an Islamic environment, fostering morals, academics, and citizenship.

Questions for Al-Israa Academy

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Provided by the organization

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1 program · $301K · in their own filed words · FY2020
01

Al-Israa Academy is a private full-time Islamic elementary school established to help provide Muslim children with an Islamic environment in which they can achieve their highest potential; founded on Islamic morals, academic excellence, and good citizenship.

$301Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$191K
Money outPt IX
$301K
Ln 25
Programscol B$301K
Owns and owesPt X
−$170K
net assets · Ln 32
Cash and savingsLn 1–2−$170K
Total assetsLn 16−$170K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$191K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1−$170K
Cash and savings togetherLn 1–2−$170K
Total assetsLn 16−$170K
LiabilitiesLn 26$0
Net assetsLn 32−$170K
OperationsPt I, VI
EmployeesI 516
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 FY20End FY20
Cash and savingsLn 1–2−$60K−$170K
Total assetsLn 16−$60K−$170K
LiabilitiesLn 26$0$0
Net assetsLn 32−$60K−$170K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K$54K
Other salaries and wagesLn 7$136K$136K
Payroll taxesLn 10$16K$16K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$14K$14K
OccupancyLn 16$72K$72K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$301K$301K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $191K$301K−$111K−$170K 990 PDF
FY2019 $414K$473K−$60K−$48K 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 $190,638 revenue, 12 lines filed
I-8 Contributions and grants$190,638
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$190,638
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$206,208
I-16a Professional fundraising fees$0
I-17 Other expenses$95,255
I-18 Total expenses$301,463
I-19 Revenue less expenses−$110,825
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $190,638 across 3 lines filed
VIII-1f All other contributions, gifts and grants$190,638
VIII-1h Total contributions, gifts and grants$190,638
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$190,638
Part IX · Statement of functional expenses $301,463 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,000$54,000
IX-7 Other salaries and wagesPrograms $136,231$136,231
IX-10 Payroll taxesPrograms $15,977$15,977
IX-11g Other fees for servicesPrograms $2,138$2,138
IX-13 Office expensesPrograms $14,303$14,303
IX-16 OccupancyPrograms $72,000$72,000
IX-24 Other expenses (24a–d)Programs $5,218$5,218
IX-24e All other expensesPrograms $1,596$1,596
IX-25 Total functional expensesPrograms $301,463 · Management $0 · Fundraising $0$301,463
Part X · Balance sheet −$170,436 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year −$59,611−$170,436
X-16 Total assetsStart of year −$59,611−$170,436
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$59,611−$170,436
X-33 Total liabilities and net assetsStart of year −$59,611−$170,436
Part XI · Reconciliation of net assets −$170,436 net assets at year end
XI-1 Total revenue$190,638
XI-2 Total expenses$301,463
XI-3 Revenue less expenses−$110,825
XI-4 Net assets at start of year−$59,611
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$170,436

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

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