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Merrimack Valley Islamic Academy In The Islamic Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043549933 ✦ Methuen, MA ✦ Designated as a 501(c)(3)

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Overview

What is Merrimack Valley Islamic Academy In The Islamic Academy?

Merrimack Valley Islamic Academy, located at 125 Oakland Ave, Methuen, MA 01844, is a faith-based, accredited school serving students from pre-K 3 to 8th grade. This nonprofit, accredited by the New England Association of Schools and Colleges (NEASC), currently has an enrollment of 152 students. Its mission is to provide children with an Islamic identity and a high-quality education, incorporating advanced training in both physical and social sciences, while instilling values that make individuals good human beings and valuable contributors to society. With a staff of 44 employees, the academy aims to foster well-rounded individuals who embody both academic excellence and moral integrity.


Official website here: www.tiapeace.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69% (Two-Star out of Four Star rating)

Merrimack Valley Islamic Academy has received a 69% rating from Charity Navigator, which indicates a need for improvement in some operational areas despite some strengths. The organization benefits from having a fully independent board, which is a positive aspect for governance and oversight. Additionally, it has a strong program expense ratio of 82.68%, suggesting that a significant portion of its resources is directed toward its programs.

However, the organization lacks crucial policies, such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which raises concerns about transparency and accountability. Furthermore, the absence of financial statements on their website limits stakeholders' access to important financial information, which is essential for assessing the organization's overall financial health and operational effectiveness.

In summary, while the Merrimack Valley Islamic Academy demonstrates a commitment to its programs and has some solid governance structures in place, it faces challenges in financial transparency and policy implementation that could impact its overall effectiveness and trustworthiness as a nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is Merrimack Valley Islamic Academy In The Islamic Academy legitimate?

Merrimack Valley Islamic Academy In The Islamic Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrimack Valley Islamic Academy In The Islamic Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $763,047

For more financial information, click here


Official website here: www.tiapeace.org

What is the mission statement of Merrimack Valley Islamic Academy In The Islamic Academy?

The Merrimack Valley Islamic Academy aims to instill an Islamic identity and provide a top-notch education to its students. This is achieved through advanced training in both physical and social sciences, while simultaneously promoting values that shape individuals into good human beings and valuable members of society. The academy operates a faith-based, NEASC-accredited school, catering to students from pre-K 3 to 8th grade, currently enrolling 152 students.


Official website here: www.tiapeace.org

Who is the CEO of Merrimack Valley Islamic Academy In The Islamic Academy?

Rashid Khan is the President of Merrimack Valley Islamic Academy In The Islamic Academy.


Official website here: www.tiapeace.org

What is the revenue of Merrimack Valley Islamic Academy In The Islamic Academy?

Merrimack Valley Islamic Academy In The Islamic Academy's revenue in 2022 was $1,060,128.


Official website here: www.tiapeace.org

Who are the executives of Merrimack Valley Islamic Academy In The Islamic Academy and what are their salaries?

The average compensation at Merrimack Valley Islamic Academy In The Islamic Academy during 2022 was $17,342. There are 44 employees at Merrimack Valley Islamic Academy In The Islamic Academy.


Here are 6 key members and their salaries:


Nadjette Lazzouni (Principal)
  • Compensation: $72,042
  • Related: $0
  • Other: $0
Abubakkar Siddiq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rashid Khan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alaa Abou Mahmoud (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Omar Rafiqi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zaheer Shaik (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tiapeace.org

Where can I find the form 990 for Merrimack Valley Islamic Academy In The Islamic Academy?

Merrimack Valley Islamic Academy In The Islamic Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tiapeace.org

Learn more at the official website: www.tiapeace.org

Mission Statement of Merrimack Valley Islamic Academy In The Islamic Academy

The Merrimack Valley Islamic Academy, a faith-based institution, is dedicated to providing its students with a strong Islamic identity and a top-notch education. It achieves this goal by offering advanced training in both physical and social sciences, while simultaneously instilling values that shape individuals into good human beings and valuable contributors to society. The academy, accredited by the New England Association of Schools and Colleges (NEASC), operates a school from pre-K 3 to 8th grade, currently enrolling 152 students.

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Impact




July, 2024

The Merrimack Valley Islamic Academy aims to provide our children with an Islamic identity and a high-quality education. This includes state-of-the-art training in physical and social sciences, as well as instilling values that mold individuals into good human beings and useful members of society. The organization operates a faith-based accredited school from Pre-K 3 to 8th grade and is accredited by the New England Association of Schools and Colleges (NEASC). Currently, the academy enrolls 152 students in Methuen, MA. The impact of the Islamic Academy is evident in the holistic education and values it imparts to its students, preparing them to become well-rounded individuals who contribute positively to society.




This information is meant to be a general summary of Merrimack Valley Islamic Academy In The Islamic Academy. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,060,128 (2022)
Expenses
$1,128,678 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $768,575
  • Gross Receipts: $1,060,128

Assets and Liabilities:

  • Total Assets: $466,626
  • Total Liabilities: $92,614
  • Net Assets: $374,012

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$768,575

Organization Details

Founding Year

2001

Principal Officer

Rashid Khan

Main Address

125 OAKLAND AVE, METHUEN, MA, 01844

NTEE Category

Code: B20 - Education

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