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Nonprofiteer
← QALAM SEMINARY INC

Form 990 for tax year 2023

Filed by QALAM SEMINARY INC.

Totals

Total revenue
$1,779,870
Total expenses
$899,868
Contributions and grants received
$386,972
Grants paid
$0
Program service revenue
$1,392,898
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,669,396
Total liabilities, end of year
$3,250
Net assets or fund balances, end of year
$1,666,146
Program services expenses (Part IX)
$804,459
Management and general expenses
$95,409
Fundraising expenses
$0
Program service expenses (Part III)
$804,459

Program services were 89.4% 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.

  • 1d · Related organizations

    $386,972

  • 2a · Program service revenue: TUITION

    total $1,392,898 · related or exempt $1,392,898

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $510,394 · program services $437,206 · management and general $73,188

  • 9 · Other employee benefits

    total $29,700 · program services $25,441 · management and general $4,259

  • 10 · Payroll taxes

    total $39,486 · program services $33,887 · management and general $5,599

  • 11c · Fees: accounting

    total $3,945 · management and general $3,945

  • 11g · Fees: other

    total $192,499 · program services $192,499

  • 12 · Advertising and promotion

    total $9,552 · program services $9,552

  • 13 · Office expenses

    total $17,743 · program services $10,718 · management and general $7,025

  • 14 · Information technology

    total $25,920 · program services $25,920

  • 17 · Travel

    total $20,462 · program services $20,462

  • 19 · Conferences, conventions and meetings

    total $19,582 · program services $19,582

  • 21 · Payments to affiliates

    total $6,720 · program services $6,720

  • 22 · Depreciation, depletion and amortization

    total $9,521 · program services $9,521

  • 23 · Insurance

    total $1,380 · program services $1,380

  • 24a · Other expenses: MERCHANT FEES

    total $7,450 · program services $7,450

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $280 · management and general $280

  • 24c · Other expenses: RECRUITING & HR

    total $2,170 · program services $1,859 · management and general $311

  • 24d · Other expenses: PAYROLL PROCESSING FEES

    total $2,642 · program services $2,263 · management and general $379

  • 24e · All other expenses

    total $422 · program services -$1 · management and general $423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $814,163 · end of year $1,561,175

  • 4 · Accounts receivable

    beginning of year $1,104,925

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

    $118,943

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

    $10,722

  • 10c · Land, buildings and equipment, net

    beginning of year $7,204 · end of year $108,221

  • 15 · Other assets

    beginning of year $575

  • 19 · Deferred revenue

    beginning of year $777,164

  • 24 · Unsecured notes and loans payable

    beginning of year $363,561

  • 25 · Other liabilities

    end of year $3,250

  • 31 · Retained earnings, endowment or other funds

    beginning of year $786,142 · end of year $1,666,146

Mission and programs · 2023

Mission

THE QALAM SEMINARY STRIVES TO CREATE EDUCATED MUSLIMS AND COMMUNITY LEADERS BY MEANS OF RELIGIOUS EDUCATION, SPIRITUAL DEVELOPMENT, AND MENTORSHIP.

  • THE QALAM SEMINARY STRIVES TO CREATE EDUCATED MUSLIMS AND COMMUNITY LEADERS BY MEANS OF RELIGIOUS EDUCATION, SPIRITUAL DEVELOPMENT, AND MENTORSHIP.

    Expenses $804,459 · Revenue $1,779,870

As filed on the 2023 return.

Listed in Part VII

  • Imran Haq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Tauqeer Zaidi

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Abdul Nasir Jangda

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Hussain Kamani

    DEAN

    Total calculated
    $0
    Hours/week
    40

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349323966

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