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Nonprofiteer
← ISLAMIC FOUNDATION OF SOUTH FLORIDA INC

Form 990 for tax year 2023

Filed by ISLAMIC FOUNDATION OF SOUTH FLORIDA INC.

Totals

Total revenue
$3,192,757
Total expenses
$2,197,287
Contributions and grants received
$474,692
Grants paid
$0
Program service revenue
$2,718,065
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,746,524
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,746,524
Program services expenses (Part IX)
$1,902,110
Management and general expenses
$284,424
Fundraising expenses
$10,753
Program service expenses (Part III)
$1,902,110

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $474,692

  • 2a · Program service revenue: DIRECT PUBLIC SUPPORT

    total $1,045,947 · related or exempt $1,045,947

  • 2b · Program service revenue: CONTRIBUTIONS FROM SCHO

    total $1,430,564 · related or exempt $1,430,564

  • 2c · Program service revenue: AL FALAH DONATIONS

    total $219,145 · related or exempt $219,145

  • 2d · Program service revenue: WEEKEND SCHOOL

    total $16,874 · related or exempt $16,874

  • 2e · Program service revenue: EVENT SALES

    total $5,535 · related or exempt $5,535

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $953,765 · program services $953,765

  • 10 · Payroll taxes

    total $67,776 · program services $67,776

  • 11c · Fees: accounting

    total $67,849 · management and general $67,849

  • 11g · Fees: other

    total $35,515 · program services $35,515

  • 12 · Advertising and promotion

    total $20,000 · program services $20,000

  • 13 · Office expenses

    total $119,801 · management and general $119,801

  • 19 · Conferences, conventions and meetings

    total $1,242 · program services $1,242

  • 22 · Depreciation, depletion and amortization

    total $223,216 · program services $223,216

  • 24a · Other expenses: FOOD PANTRY

    total $302,119 · program services $302,119

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $59,260 · program services $59,260

  • 24c · Other expenses: UTILITIES

    total $64,807 · program services $64,807

  • 24d · Other expenses: SECURITY

    total $66,883 · program services $66,883

  • 24e · All other expenses

    total $215,054 · program services $107,527 · management and general $96,774 · fundraising $10,753

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $740,533 · end of year $1,880,284

  • 10a · Land, buildings and equipment: cost or other basis

    $10,035,907

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,219,667

  • 10c · Land, buildings and equipment, net

    beginning of year $6,021,956 · end of year $5,816,240

  • 15 · Other assets

    end of year $50,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,435

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,751,054 · end of year $7,746,524

Mission and programs · 2023

Mission

CHILDREN ARE RECEIVING EDUCATION ON THE RELIGION OF ISLAM, ITS PRAYERS, ANDBASIC PRINCIPLES. TEACHERS, PARENTS, TAPES, AND CAMPS ARE BEING USED TOACHIEVE THESE OBJECTIVES

  • PART TIME AND FULL TIME SCHOOL

    Expenses $1,902,110 · Revenue $1,649,708

As filed on the 2023 return.

Listed in Part VII

  • Zahid Qureshi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2024
IRS schema version
2023v5.1
Source object
202402289349303510

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