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Nonprofiteer
← QALAM EDUCATION FUND INC

Form 990 for tax year 2024

Filed by QALAM EDUCATION FUND INC.

Totals

Total revenue
$2,329,468
Total expenses
$1,089,424
Contributions and grants received
$1,914,986
Grants paid
$414,289
Program service revenue
$414,442
Investment income
$0
Other revenue
$40
Total assets, end of year
$12,660,973
Total liabilities, end of year
$3,519,338
Net assets or fund balances, end of year
$9,141,635
Program services expenses (Part IX)
$899,735
Management and general expenses
$166,377
Fundraising expenses
$23,312
Program service expenses (Part III)
$899,735

Program services were 82.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,914,986

  • 2a · Program service revenue: PROGRAM REVENUE

    total $414,442 · related or exempt $414,442

  • 11a · Other revenue: MISCELLANEOUS

    total $40 · related or exempt $40

  • 11e · Other revenue, total

    $40

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $414,289 · program services $414,289

  • 7 · Other salaries and wages

    total $23,465 · management and general $23,465

  • 9 · Other employee benefits

    total $1,427 · management and general $1,427

  • 10 · Payroll taxes

    total $477 · management and general $477

  • 11c · Fees: accounting

    total $12,151 · management and general $12,151

  • 11g · Fees: other

    total $22,684 · program services $11,342 · management and general $11,342

  • 12 · Advertising and promotion

    total $1,253 · program services $501 · management and general $376 · fundraising $376

  • 13 · Office expenses

    total $10,765 · program services $18 · management and general $10,733 · fundraising $14

  • 16 · Occupancy

    total $479,686 · program services $431,717 · management and general $47,969

  • 17 · Travel

    total $15,322 · fundraising $15,322

  • 19 · Conferences, conventions and meetings

    total $800 · program services $800

  • 23 · Insurance

    total $40,323 · management and general $40,323

  • 24a · Other expenses: MISCELLANEOUS

    total $25,333 · program services $10,133 · management and general $7,600 · fundraising $7,600

  • 24b · Other expenses: DUES & SUBS

    total $17,960 · program services $16,164 · management and general $1,796

  • 24c · Other expenses: EVENTS

    total $12,411 · program services $11,170 · management and general $1,241

  • 24d · Other expenses: REPAIRS

    total $7,176 · management and general $7,176

  • 24e · All other expenses

    total $3,902 · program services $3,601 · management and general $301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,418 · end of year $396,248

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

    $9,549,350

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

    $345,453

  • 10c · Land, buildings and equipment, net

    beginning of year $9,962,041 · end of year $9,203,897

  • 11 · Investments: publicly traded securities

    beginning of year $1,205,477 · end of year $1,205,477

  • 15 · Other assets

    beginning of year $0 · end of year $1,855,351

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,439 · end of year $93,964

  • 23 · Secured mortgages and notes payable

    beginning of year $4,048,500 · end of year $3,373,750

  • 25 · Other liabilities

    beginning of year $2,704 · end of year $51,624

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,573,293 · end of year $9,141,635

Mission and programs · 2024

Mission

THE QALAM EDUCATION FUND INC SERVICES THE BUILDINGS AND FACILITIES TO CREATE A WELCOMING PLACE OF RELIGIOUS WORSHIP FOR THE ENTIRE COMMUNITY TO COME TOGETHER TO LEARN AND GROW IN FAITH.

  • THE QALAM EDUCATION FUND INC SERVICES THE BUILDINGS AND FACILITIES TO CREATE A WELCOMING PLACE OF RELIGIOUS WORSHIP FOR THE ENTIRE COMMUNITY TO COME TOGETHER TO LEARN AND GROW IN FAITH.

    Expenses $899,735 · Grants $414,289 · Revenue $414,482

As filed on the 2024 return.

Listed in Part VII

  • Abdul Nasir Jangda

    PRESIDENT

    Total calculated
    $32,375
    From this org
    $0
    From related orgs
    $32,375
    Other
    $0
    Hours/week
    1 + 3 related

  • Amir Ahmad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Asheqal Haq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Imran Hag

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Syed Tauqeer Zaidi

    VICE PRESIDENT

    Total calculated
    $58,050
    From this org
    $0
    From related orgs
    $58,050
    Other
    $0
    Hours/week
    1 + 3 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349324609

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