philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Ici Waqf

Tax-deductible

Irving, TX501(c)(3)Since 2015ReligionEIN 81-4065531Revenue $764K in FY2025

On file with the IRS2555 Esters Rd, 75062-5009 · Irving, TXTax-exempt since Jul 2019Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To develop and grow an investment portfolio cpable of generating a steady,stable, and sustainable source of funds to provide the Islamic Center of Irving (ICI),with the adquate financial support for operations and maintenance.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $524K a year · 84% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $85K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.6M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$764K
+42% vs prior year
Spent
$255K
To programs
75%
Net assets
$525K
By yearFY2021–FY2025
Revenue
$764K
FY2025▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$219K
FY2023$558K
FY2024$540K
FY2025$764K
Expenses
$255K
FY2025▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022$17K
FY2023$71K
FY2024$143K
FY2025$255K
Net assets
$525K
FY2025▼ -79%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.3M
FY2023$1.8M
FY2024$2.5M
FY2025$525K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $191K Management & general 3% · $8K Fundraising 22% · $56K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Shoaib Khalid
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Abdul Khabir
Director
$0Pt VII · Sec A
Ishaq Ahmed
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ici Waqf executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Builds an investment portfolio to provide steady funds for the Islamic Center's operations and maintenance.

Questions for Ici Waqf

Tap to ask. Ici Waqf sees how many people are interested.

Your first name shows with your question. Ici Waqf answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $191K · in their own filed words · FY2025
01

Developing a mix use real estate project of residential housing and shopping center, currently under construction.To provide the Islamic Center of Irving (ICI), with the adquate financial support for operation and maintenance.

$191Kprogram 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 · FY2024
National Philanthropic TrustFY2024$85K
Total grants receivedfrom 1 funder$85K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$764K
Ln 12
Gifts and grantsLn 1h$764K
Money outPt IX
$255K
Ln 25
Programscol B$191K
Managementcol C$8K
Fundraisingcol D$56K
Owns and owesPt X
$525K
net assets · Ln 32
Cash and savingsLn 1–2$338K
Total assetsLn 16$9.1M
LiabilitiesLn 26$8.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$764K
Total revenueLn 12$764K
Assets in detailPt X, end of year
CashLn 1$338K
Cash and savings togetherLn 1–2$338K
Other assetsLn 15$8.7M
Total assetsLn 16$9.1M
LiabilitiesLn 26$8.6M
Net assetsLn 32$525K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.5M$338K
Total assetsLn 16$7.6M$9.1M
LiabilitiesLn 26$5.1M$8.6M
Net assetsLn 32$2.5M$525K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$428$0$428$0
Accounting feesLn 11c$295$20$275$0
OccupancyLn 16$5K$0$5K$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$248K$191K$649$56K
Total functional expensesLn 25$255K$191K$8K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $764K$255K$510K$525K 990 PDF
FY2024 $540K$143K$397K$2.5M 990 PDF
FY2023 $558K$71K$487K$1.8M 990 PDF
FY2022 $219K$17K$202K$1.3M 990 PDF
FY2021 $1.0M$5K$1.0M$1.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (6 parts)
Part I · Summary $764,335 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $539,552$764,335
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $539,552$764,335
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $23,172$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $119,410$254,510
I-18 Total expensesPrior year $142,582$254,510
I-19 Revenue less expensesPrior year $396,970$509,825
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $764,335 across 3 lines filed
VIII-1f All other contributions, gifts and grants$764,335
VIII-1h Total contributions, gifts and grants$764,335
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$764,335
Part IX · Statement of functional expenses $254,510 across 5 lines filed
IX-11a Management feesPrograms $0 · Management $428 · Fundraising $0$428
IX-11c Accounting feesPrograms $20 · Management $275 · Fundraising $0$295
IX-16 OccupancyPrograms $0 · Management $5,122 · Fundraising $0$5,122
IX-23 InsurancePrograms $0 · Management $1,033 · Fundraising $0$1,033
IX-24 Other expenses (24a–d)Programs $191,066 · Management $649 · Fundraising $55,917$247,632
IX-25 Total functional expensesPrograms $191,086 · Management $7,507 · Fundraising $55,917$254,510
Part X · Balance sheet $9,076,129 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,517,446$337,900
X-15 Other assetsStart of year $5,124,624$8,738,229
X-16 Total assetsStart of year $7,642,070$9,076,129
X-24 Unsecured notes and loans payableStart of year $2,067,875$2,151,372
X-26 Total liabilitiesStart of year $5,142,868$8,550,722
X-32 Total net assets or fund balancesStart of year $2,499,202$525,407
X-33 Total liabilities and net assetsStart of year $7,642,070$9,076,129
Part XI · Reconciliation of net assets $525,407 net assets at year end
XI-1 Total revenue$764,335
XI-2 Total expenses$254,510
XI-3 Revenue less expenses$509,825
XI-4 Net assets at start of year$2,499,202
XI-8 Prior period adjustments−$2,483,620
XI-10 Net assets at end of year$525,407

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.