Farooqi Incorporated FY2022 filing

Tax-deductible

Houston, TX501(c)(3)ReligionEIN 80-0894374Revenue $679K in FY2022

On file with the IRSqubahouston.org730 Fm 1959 Rd, 77034-5422 · Houston, TXTax-exempt since May 2014Church — 170(b)(1)(A)(i)

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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.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
0 of 4
filings with a surplus
Average deficit $84K a year · 10% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$966K
124% of total assets
Concern: liabilities are 124% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$679K
-8% vs prior year
Spent
$876K
To programs
85%
Net assets
−$188K
By yearFY2021–FY2024
Revenue
$679K
FY2022▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$739K
FY2022$679K
FY2023$883K
FY2024$908K
Expenses
$876K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$792K
FY2022$876K
FY2023$956K
FY2024$920K
Net assets
−$188K
FY2022▼ -2111%
Tap a bar for its year
Net assets by fiscal year
FY2021$9K
FY2022−$188K
FY2023−$261K
FY2024−$273K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 May 2014.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $745K Management & general 15% · $131K

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
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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 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $745K · in their own filed words · FY2022
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.

$745Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$679K
Ln 12
Gifts and grantsLn 1h$374K
Fees for servicesLn 2g$305K
Money outPt IX
$876K
Ln 25
Programscol B$745K
Managementcol C$131K
Owns and owesPt X
−$188K
net assets · Ln 32
Cash and savingsLn 1–2$288K
Total assetsLn 16$778K
LiabilitiesLn 26$966K
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$374K
Fees for servicesLn 2g$305K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$288K
Cash and savings togetherLn 1–2$288K
Land, buildings, equipmentLn 10c$487K
Total assetsLn 16$778K
LiabilitiesLn 26$966K
Net assetsLn 32−$188K
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 FY22End FY22
Cash and savingsLn 1–2$293K$288K
Land, buildings, equipmentLn 10c$65K$487K
Total assetsLn 16$360K$778K
LiabilitiesLn 26$351K$966K
Net assetsLn 32$9K−$188K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Other salaries and wagesLn 7$307K$250K$57K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$10K$9K$999
Advertising and promotionLn 12$11K$10K$1K
Office expensesLn 13$26K$23K$3K
Information technologyLn 14$8K$7K$765
OccupancyLn 16$113K$82K$31K
TravelLn 17$2K$2K$192
Depreciation, depletion and amortizationLn 22$80K$72K$8K
InsuranceLn 23$2K$2K$240
Other expenses (24a–d)Ln 24$267K$240K$27K
All other expensesLn 24e$24K$21K$2K
Total functional expensesLn 25$876K$745K$131K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $908K$920K−$11K−$273K 990 PDF
FY2023 $883K$956K−$74K−$261K 990 PDF
FY2022 Viewing $679K$876K−$197K−$188K 990 PDF
FY2021 $739K$792K−$53K$9K 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 FY2022 990 (6 parts)
Part I · Summary $678,954 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $370,415$374,236
I-9 Program service revenuePrior year $368,852$304,718
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $739,267$678,954
I-13 Grants and similar amounts paidPrior year $9,450$10,650
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $252,060$323,224
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $530,986$542,220
I-18 Total expensesPrior year $792,496$876,094
I-19 Revenue less expensesPrior year −$53,229−$197,140
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 $678,954 across 4 lines filed
VIII-1f All other contributions, gifts and grants$374,236
VIII-1h Total contributions, gifts and grants$374,236
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $304,718$304,718
VIII-12 Total revenueRelated to mission $304,718 · Unrelated business $0 · Excluded from tax $0$678,954
Part IX · Statement of functional expenses $876,094 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $10,650$10,650
IX-7 Other salaries and wagesPrograms $249,825 · Management $57,258$307,083
IX-10 Payroll taxesPrograms $16,141$16,141
IX-11b Legal feesPrograms $8,990 · Management $999$9,989
IX-12 Advertising and promotionPrograms $9,523 · Management $1,058$10,581
IX-13 Office expensesPrograms $23,060 · Management $2,562$25,622
IX-14 Information technologyPrograms $6,889 · Management $765$7,654
IX-16 OccupancyPrograms $82,156 · Management $30,962$113,118
IX-17 TravelPrograms $1,725 · Management $192$1,917
IX-22 Depreciation, depletion and amortizationPrograms $72,103 · Management $8,011$80,114
IX-23 InsurancePrograms $2,160 · Management $240$2,400
IX-24 Other expenses (24a–d)Programs $240,422 · Management $26,714$267,136
IX-24e All other expensesPrograms $21,320 · Management $2,369$23,689
IX-25 Total functional expensesPrograms $744,964 · Management $131,130 · Fundraising $0$876,094
Part X · Balance sheet $777,745 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $292,504$287,880
X-9 Prepaid expenses and deferred chargesStart of year $2,500$2,500
X-10c Land, buildings and equipment, netStart of year $64,864$487,365
X-16 Total assetsStart of year $359,868$777,745
X-17 Accounts payable and accrued expenses$21,272
X-24 Unsecured notes and loans payableStart of year $350,528$944,273
X-26 Total liabilitiesStart of year $350,528$965,545
X-27 Net assets without donor restrictionsStart of year $9,340−$187,800
X-32 Total net assets or fund balancesStart of year $9,340−$187,800
X-33 Total liabilities and net assetsStart of year $359,868$777,745
Part XI · Reconciliation of net assets −$187,800 net assets at year end
XI-1 Total revenue$678,954
XI-2 Total expenses$876,094
XI-3 Revenue less expenses−$197,140
XI-4 Net assets at start of year$9,340
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$187,800

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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