Sadiq School INC EIN 82-3398495

Sadiq School INC FY2021 filing

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Educates students with Islamic values and life skills for community success. For fiscal year 2021 it reported $184K in revenue, $68K in expenses, and $211K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Somerset, NJ
Website
www.sadiqschool.com
Filings
6 on file (2019–2021)
Revenue
$184KFY2021
Expenses
$68K
Net assets
$211K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-3398495 Public charity (501(c)(3)) Somerset, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students with Islamic values and life skills for community success.
Leadership
Aftab Hussain · Trustee
Money in and out
$184K revenue, $68K expenses
Bottom line
96% program efficiency
Where the money goes · FY2021
Total revenue
$184K
Pt VIII · Ln 12
Total expenses
$68K
Pt IX · Ln 25
Net assets
$211K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $117K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
31.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+63%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$184K
FY2021▲ +448%
Expenses
$68K
FY2021+0.4%
Total assets
$211K
FY2021▲ +78%
Total liabilities
$0
FY2021▼ -100%
Total revenue
$184K
Pt VIII · Ln 12
Total expenses
$68K
Pt IX · Ln 25
Net assets
$211K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$117K
Total assetsPt X · Ln 16$211K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSadiq School INC
EINHdr · item D82-3398495
Principal addressHdr · item CSomerset, NJ
WebsiteHdr · item Jwww.sadiqschool.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$120K · 65%
Contributions & grants$64K · 35%
Program service revenue65%$120K
Contributions & grants35%$64K
Investment income$231
— government grantsLn 1e$34K
Total revenueLn 12$184K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$65K
Management & general4%$3K
Total functional expensesLn 25$68K

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$211K
Total liabilitiesLn 26$0
Total net assetsLn 32$211K
Months of cash on handcomputed31.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses/yr $68K
31.4 months
Where the money goes
Program services
Program services $65K · Total expenses $68K
96%
Management & General
Management & general $3K · Total expenses $68K
4%
Fundraising
Fundraising $0 · Total expenses $68K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $148 · Solicited contributions (3-yr avg) $17K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $184K
35%
Government reliance
Government grants $34K · Total revenue $184K
18%
Earned-income share
Program service revenue $120K · Total revenue $184K
65%
Investment reliance
Investment income $231 · Total revenue $184K
+0.1%
Program self-sufficiency
Program service revenue $120K · Total expenses $68K
178%
Growth & trend
Revenue growth (YoY)
This year $184K · Prior year $34K
+448%
Net-asset trend (YoY)
End of year $211K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $184K · Expenses $68K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $211K
Net-asset ratio
Net assets $211K · Total assets $211K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $211K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Aftab Hussain · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $68K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $51K · Total expenses $68K
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 448%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$459K revenue · ⤓ 990 PDF
FY2024$340K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$316K revenue · ⤓ 990 PDF
FY2021$184K revenue · viewing · ⤓ 990 PDF
FY2020$34K revenue · ⤓ 990 PDF
FY2019$46K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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