Ilmstitute INC EIN 84-3504638

Ilmstitute INC

EIN  84-3504638 Religious organization Jacksonville, FL
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Size
<$100K
What they do
Offers online classes to help Muslims build a strong Islamic identity.
Leadership
Saajid T Lipham · Director
Money in and out
$33K revenue, $33K expenses
Bottom line
0% program efficiency

Offers online classes to help Muslims build a strong Islamic identity. For fiscal year 2024 it reported $33K in revenue, $33K in expenses, and $14K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$33K
Pt VIII · Ln 12
Total expenses
$33K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $223
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▼ -79% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▼ -99% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$33K
FY2024▼ -15%
Expenses
$33K
FY2024▲ +174%
Total assets
$14K
FY2024▼ -41%
Total liabilities
$0
FY2024
Total revenue
$33K
Pt VIII · Ln 12
Total expenses
$33K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$223
Total assetsPt X · Ln 16$14K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Provided online classes teaching the Islamic sciences.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIlmstitute INC
EINHdr · item D84-3504638
Principal addressHdr · item CJacksonville, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X40)
Ruling yearIRS BMFNov 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
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 2No

Officers, Directors & Key Employees

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

Part VIII
Contributions & grants100%$33K
Total revenueLn 12$33K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$33K
Total functional expensesLn 25$33K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$14K
Total liabilitiesLn 26$0
Total net assetsLn 32$14K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses/yr $33K
5.1 months
Where the money goes
Program services
Program services $0 · Total expenses $33K
0%
Management & General
Management & general $33K · Total expenses $33K
100%
Fundraising
Fundraising $0 · Total expenses $33K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $114K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $33K · Total revenue $33K
100%
Government reliance
Government grants — · Total revenue $33K
Earned-income share
Program service revenue $0 · Total revenue $33K
0%
Investment reliance
Investment income $0 · Total revenue $33K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $33K
0%
Growth & trend
Revenue growth (YoY)
This year $33K · Prior year $39K
-15%
Net-asset trend (YoY)
End of year $14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $33K · Expenses $33K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $14K
Net-asset ratio
Net assets $14K · Total assets $14K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Saajid T Lipham · Reported title Director · Highest reported compensation $0 · Total expenses $33K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14K · Total expenses $33K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Revenue growth -15%

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.

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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
FY2024 (Latest)$33K revenue · viewing · ⤓ 990 PDF
FY2023$39K revenue · ⤓ 990 PDF
FY2022$317K revenue · ⤓ 990 PDF
FY2021$28K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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