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Nonprofiteer
← ISLAMIC FOOD AND NUTRITON COUNCIL OF AMERICA

Form 990 for tax year 2023

Filed by ISLAMIC FOOD AND NUTRITON COUNCIL OF AMERICA.

Totals

Total revenue
$29,784,542
Total expenses
$11,733,764
Contributions and grants received
$57,410
Grants paid
$1,197,368
Program service revenue
$20,445,856
Investment income
$9,100,526
Other revenue
$180,750
Total assets, end of year
$117,553,972
Total liabilities, end of year
$7,236,014
Net assets or fund balances, end of year
$110,317,958
Program services expenses (Part IX)
$9,227,507
Management and general expenses
$2,506,257
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 78.6% 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

    $57,410

  • 2a · Program service revenue: Consulting fees

    total $260,152

  • 2b · Program service revenue: Suprvision Fee

    total $11,651,337

  • 2c · Program service revenue: Certification

    total $4,459,095

  • 2d · Program service revenue: Plan approval fee

    total $1,559,825

  • 2e · Program service revenue: Other

    total $2,515,447

  • 3 · Investment income

    total $9,100,526 · related or exempt $9,100,526

  • 6a · Gross rents

    real property $180,750

  • 6c · Rental income or loss

    real property $180,750

  • 6d · Net rental income or loss

    total $180,750

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,197,368 · program services $1,197,368

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $972,972 · program services $576,019 · management and general $396,953

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,243,651 · program services $2,375,617 · management and general $868,034

  • 8 · Pension plan contributions

    total $318,069 · program services $221,480 · management and general $96,589

  • 9 · Other employee benefits

    total $669,384 · program services $468,569 · management and general $200,815

  • 10 · Payroll taxes

    total $276,462 · program services $193,523 · management and general $82,939

  • 11a · Fees: management

    total $3,000 · management and general $3,000

  • 11b · Fees: legal

    total $211,590 · management and general $211,590

  • 11c · Fees: accounting

    total $99,050 · management and general $99,050

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $507,030 · program services $354,921 · management and general $152,109

  • 17 · Travel

    total $315,739 · program services $315,739

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $106,531 · program services $106,531

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $430,683 · program services $304,622 · management and general $126,061

  • 23 · Insurance

    total $41,737 · management and general $41,737

  • 24a · Other expenses: Education, training and publication, Charitable Prog.

    total $206,082 · program services $206,082

  • 24b · Other expenses: Non-Employees services

    total $2,084,664 · program services $2,084,664

  • 24c · Other expenses: Foreign office and consultant expense

    total $73,973 · program services $73,973

  • 24d · Other expenses: Charitable programs

    total $220,850 · program services $220,850

  • 24e · All other expenses

    total $754,929 · program services $527,549 · management and general $227,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,291,193 · end of year $6,661,367

  • 4 · Accounts receivable

    beginning of year $1,351,354 · end of year $6,535,740

  • 7 · Other notes and loans receivable

    end of year $1,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195,588 · end of year $233,572

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

    $17,080,532

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

    $2,425,530

  • 10c · Land, buildings and equipment, net

    beginning of year $14,689,200 · end of year $14,655,002

  • 13 · Investments: program-related

    beginning of year $71,794,270 · end of year $87,337,783

  • 14 · Intangible assets

    beginning of year $53,167 · end of year $26,584

  • 15 · Other assets

    beginning of year $485,118 · end of year $1,103,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,192,788 · end of year $1,421,664

  • 18 · Grants payable

    beginning of year $1,900,110 · end of year $1,341,613

  • 19 · Deferred revenue

    beginning of year $418,744 · end of year $4,472,737

  • 27 · Net assets without donor restrictions

    beginning of year $14,344,273 · end of year $16,712,958

  • 28 · Net assets with donor restrictions

    beginning of year $78,003,975 · end of year $93,605,000

Mission and programs · 2023

Mission

THE COUNCIL WAS ORGANIZED TO PROMOTE THE KNOWLEDGE AND ADVANCEMENT OF HALAL FOOD, PERMISSABLE TO FOLLOWERS OF ISLAM AND TO PROMOTE COMMUNITY DELVELOPMENT PROJECTS.

Activities or mission (Part I)

THE MISSION OF THE COUNCIL IS TO PROMOTE HALAL FOOD AND THE INSTITUTION OF HALAL. THE COUNCIL INSPECTS, SUPERVISE AND PROVIDES CONSULTATION TO THE FOOD INDUSTRY TO FOLLOW GUIDELINES OF HALAL FOOD

  • To inpect and provide consultancy to insure and promote Halal Food

As filed on the 2023 return.

Listed in Part VII

  • Muhammad Munir Chaudry

    Director - President

    Total calculated
    $479,510
    From this org
    $479,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $479,510
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $479,510
  • Quadir Latifi

    Director - GeneralManager

    Total calculated
    $288,515
    From this org
    $288,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,515
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $288,515
  • Mahmood A Baig

    Director Vice President

    Total calculated
    $204,947
    From this org
    $204,947
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,947
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $204,947
  • Rashid A Chaudary

    Director

    Total calculated
    $0
  • Imam Mahmoud Harmoush

    Director

    Total calculated
    $0
  • Mian N Riaz

    Director

    Total calculated
    $0
  • Imam M R Mardini

    Director

    Total calculated
    $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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349308091

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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