Farooqi Incorporated

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The Organization is a mosque and a religious school that is recognized by the State of Texas. Theorganizations curriculum follows state-aligned academics and offers several extra-curricularprograms/activities for their students.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0894374) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $84K a year · 10% of revenue · last 4 filings
A surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
0.3 mo
of spending, in cash
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$792K
152% of total assets
Liabilities are 152% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$908K
+3% vs prior year
Spent
$920K
To programs
91%
Net assets
−$273K
By yearFY2021–FY2024
Revenue
$908K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$739K
FY2022$679K
FY2023$883K
FY2024$908K
Expenses
$920K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2021$792K
FY2022$876K
FY2023$956K
FY2024$920K
Net assets
−$273K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$9K
FY2022−$188K
FY2023−$261K
FY2024−$273K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2014.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $838K Management & general 9% · $81K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Farooqi Incorporated 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 15aYes

Programs and updates

Provides religious education and academic instruction, with extracurricular activities, for students.

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1 program · $838K · in their own filed words · FY2024
01

The Organization served thousands of Muslims and provided a place of worship for daily prayers. The Organization also provided 125 students with academic learning and religious teachings.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0894374) · Dispute this line
$838Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 1 grant · $4K · 2024–2024
Unitemized GrantFY2024$3,600

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$908K
Ln 12
Fees for servicesLn 2g$595K
Gifts and grantsLn 1h$313K
Money outPt IX
$920K
Ln 25
Programscol B$838K
Managementcol C$81K
Owns and owesPt X
−$273K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$520K
LiabilitiesLn 26$792K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Fees for servicesLn 2g$595K
Total revenueLn 12$908K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$496K
Total assetsLn 16$520K
LiabilitiesLn 26$792K
Net assetsLn 32−$273K
OperationsPt I, VI
EmployeesI 522
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 FY24End FY24
Cash and savingsLn 1–2$7K$22K
Land, buildings, equipmentLn 10c$524K$496K
Total assetsLn 16$534K$520K
LiabilitiesLn 26$795K$792K
Net assetsLn 32−$261K−$273K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$16K$16K
Pay of officers and key staff (Part IX, line 5)Ln 5$60K$54K$6K
Other salaries and wagesLn 7$285K$257K$29K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$12K$11K$1K
Accounting feesLn 11c$4K$4K$440
Advertising and promotionLn 12$5K$4K$468
Office expensesLn 13$55K$50K$6K
Information technologyLn 14$40K$36K$4K
OccupancyLn 16$107K$96K$11K
InterestLn 20$38K$38K
Depreciation, depletion and amortizationLn 22$28K$28K
Other expenses (24a–d)Ln 24$209K$188K$21K
All other expensesLn 24e$34K$31K$3K
Total functional expensesLn 25$920K$838K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $908K$920K−$11K−$273K 990 PDF
FY2023Filed with the IRS Feb 2, 2025 $883K$956K−$74K−$261K 990 PDF
FY2022Filed with the IRS Jan 21, 2025 $679K$876K−$197K−$188K 990 PDF
FY2021Filed with the IRS May 14, 2024 $739K$792K−$53K$9K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $908,251 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $521,827$312,797
I-9 Program service revenuePrior year $360,851$595,454
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $882,678$908,251
I-13 Grants and similar amounts paidPrior year $22,800$20,563
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $409,186$366,434
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $524,253$532,709
I-18 Total expensesPrior year $956,239$919,706
I-19 Revenue less expensesPrior year −$73,561−$11,455
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $908,251 across 5 lines filed
VIII-1f All other contributions, gifts and grants$312,797
VIII-1h Total contributions, gifts and grants$312,797
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $595,454$595,454
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $595,454 · Unrelated business $0 · Excluded from tax $0$908,251
Part IX · Statement of functional expenses $919,706 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $4,850$4,850
IX-2 Grants to domestic individualsPrograms $15,713$15,713
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $53,772 · Management $5,975$59,747
IX-7 Other salaries and wagesPrograms $256,868 · Management $28,541$285,409
IX-10 Payroll taxesPrograms $21,278$21,278
IX-11b Legal feesPrograms $10,838 · Management $1,204$12,042
IX-11c Accounting feesPrograms $3,958 · Management $440$4,398
IX-12 Advertising and promotionPrograms $4,208 · Management $468$4,676
IX-13 Office expensesPrograms $49,719 · Management $5,524$55,243
IX-14 Information technologyPrograms $36,299 · Management $4,033$40,332
IX-16 OccupancyPrograms $95,856 · Management $10,651$106,507
IX-20 InterestPrograms $37,665$37,665
IX-22 Depreciation, depletion and amortizationPrograms $28,140$28,140
IX-24 Other expenses (24a–d)Programs $188,350 · Management $20,928$209,278
IX-24e All other expensesPrograms $30,985 · Management $3,443$34,428
IX-25 Total functional expensesPrograms $838,499 · Management $81,207 · Fundraising $0$919,706
Part X · Balance sheet $519,663 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $7,383$21,626
X-9 Prepaid expenses and deferred chargesStart of year $2,500$2,500
X-10c Land, buildings and equipment, netStart of year $523,677$495,537
X-16 Total assetsStart of year $533,560$519,663
X-17 Accounts payable and accrued expensesStart of year $44,128$81,095
X-24 Unsecured notes and loans payableStart of year $750,793$711,384
X-26 Total liabilitiesStart of year $794,921$792,479
X-27 Net assets without donor restrictionsStart of year −$261,361−$272,816
X-32 Total net assets or fund balancesStart of year −$261,361−$272,816
X-33 Total liabilities and net assetsStart of year $533,560$519,663
Part XI · Reconciliation of net assets −$272,816 net assets at year end
XI-1 Total revenue$908,251
XI-2 Total expenses$919,706
XI-3 Revenue less expenses−$11,455
XI-4 Net assets at start of year−$261,361
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$272,816

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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