Form 990 for tax year 2024
Filed by NIGERIAN ISLAMIC ASSOCIATION OF USA.
Totals
- Total revenue
- $370,611
- Total expenses
- $190,936
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $370,611
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,019,824
- Total liabilities, end of year
- $98,683
- Net assets or fund balances, end of year
- $2,921,141
- Program services expenses (Part IX)
- $151,774
- Management and general expenses
- $35,622
- Fundraising expenses
- $3,540
- Program service expenses (Part III)
- $151,774
Program services were 79.5% 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.
-
2a · Program service revenue: General Donation
total $244,167 · related or exempt $244,167
-
2b · Program service revenue: Ramadan Donation
total $48,423 · related or exempt $48,423
-
2c · Program service revenue: Dinner Fund
-
2d · Program service revenue: BOT Fundraising
total $60,000 · related or exempt $60,000
-
2e · Program service revenue: Interest Income
total $21 · related or exempt $21
-
2f · All other program service revenue
total $18,000 · related or exempt $18,000
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $500 · management and general $500
-
11g · Fees: other
total $7,391 · management and general $7,391
-
16 · Occupancy
total $21,174 · program services $21,174
-
22 · Depreciation, depletion and amortization
total $19,746 · program services $19,746
-
23 · Insurance
total $8,283 · program services $5,719 · management and general $2,564
-
24a · Other expenses: General Mosque expenses
total $18,620 · program services $4,383 · management and general $14,237
-
24b · Other expenses: Repairs & maintenance
total $41,056 · program services $41,056
-
24c · Other expenses: Ramadan expenses
total $32,790 · program services $32,790
-
24d · Other expenses: Professional Services
total $26,906 · program services $26,906
-
24e · All other expenses
total $14,470 · management and general $10,930 · fundraising $3,540
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,401,181 · end of year $920,932
-
7 · Other notes and loans receivable
beginning of year $5,000 · end of year $5,000
-
10a · Land, buildings and equipment: cost or other basis
$2,715,615
-
10b · Land, buildings and equipment: accumulated depreciation
$621,723
-
10c · Land, buildings and equipment, net
beginning of year $1,428,848 · end of year $2,093,892
-
17 · Accounts payable and accrued expenses
beginning of year $20,621 · end of year $25,741
-
24 · Unsecured notes and loans payable
beginning of year $72,942 · end of year $72,942
-
27 · Net assets without donor restrictions
end of year -$83,369
-
28 · Net assets with donor restrictions
beginning of year $2,741,466 · end of year $3,004,510
Mission and programs · 2024
Mission
The Corporation was formed to promote and cater for Nigerian Muslim community in the United States by operating a religious organization according to the principles of Islmic faith.
-
The organization achievemnts include advancement of Islamic faith, education and relief for the poor among Nigerians and other community in the USA.
Expenses $151,774 · Revenue $370,611
As filed on the 2024 return.
Listed in Part VII
-
OLANREWAJU I ABAYOMI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
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
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513209349301861
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