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Nonprofiteer
← ICI WAQF

Form 990 for tax year 2024

Filed by ICI WAQF.

Totals

Total revenue
$539,552
Total expenses
$142,582
Contributions and grants received
$539,552
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,642,070
Total liabilities, end of year
$5,142,868
Net assets or fund balances, end of year
$2,499,202
Program services expenses (Part IX)
$19,020
Management and general expenses
$47,389
Fundraising expenses
$76,173
Program service expenses (Part III)
$19,020

Program services were 13.3% 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.

  • 1c · Fundraising events

    $539,552

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $539,552

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,172 · program services $0 · management and general $23,172 · fundraising $0

  • 11a · Fees: management

    total $789 · program services $0 · management and general $789 · fundraising $0

  • 11b · Fees: legal

    total $5,455 · program services $0 · management and general $5,455 · fundraising $0

  • 11c · Fees: accounting

    total $1,750 · program services $0 · management and general $1,750 · fundraising $0

  • 13 · Office expenses

    total $700 · program services $0 · management and general $700 · fundraising $0

  • 16 · Occupancy

    total $2,835 · program services $0 · management and general $2,835 · fundraising $0

  • 24a · Other expenses: Contractors

    total $19,020 · program services $19,020 · management and general $0 · fundraising $0

  • 24b · Other expenses: Fund Raising Expense

    total $76,173 · program services $0 · management and general $0 · fundraising $76,173

  • 24c · Other expenses: Office Supplies

    total $12,127 · program services $0 · management and general $12,127 · fundraising $0

  • 24d · Other expenses: Taxes, License

    total $561 · program services $0 · management and general $561 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,521 · end of year $2,517,446

  • 10c · Land, buildings and equipment, net

    beginning of year $2,177,710

  • 15 · Other assets

    end of year $5,124,624

  • 23 · Secured mortgages and notes payable

    end of year $3,074,993

  • 24 · Unsecured notes and loans payable

    beginning of year $453,967 · end of year $2,067,875

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,798,264 · end of year $2,499,202

Mission and programs · 2024

Mission

To develop and grow an investment portfolio cpable of generating a steady,stable, and sustainable source of funds to provide the Islamic Center of Irving (ICI),with the adquate financial support for operations and maintenance.

  • Developing a mix use real estate project of residential housing and shopping center, currently under construction.To provide the Islamic Center of Irving (ICI), with the adquate financial support for operation and maintenance.

    Expenses $19,020 · Revenue $243,655

As filed on the 2024 return.

Listed in Part VII

  • Abderraoof Alkhawaldeh

    president

    Total calculated
    $0
  • Shakir Mustafa

    Treasurer

    Total calculated
    $0
  • Shoaib Khalid

    Secretary

    Total calculated
    $0
  • Dawood Jameel

    Director

    Total calculated
    $0
  • Abdul Khabir

    Director

    Total calculated
    $0
  • Ishaq Ahmed

    Director

    Total calculated
    $0
  • Laith Hussein

    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.

Grants on this return

No itemized grants to organizations 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
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349314084

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