Overview
What is Al-Furqaan Foundation?
Al-Furqaan Foundation is a nonprofit organization based in Lombard, Illinois, with a focus on education and disseminating accurate information about Islam. Specifically, they operate the Furqaan Academy, an Islamic school offering a comprehensive curriculum from preschool to 12th grade, encompassing academic subjects, Qur'an memorization, Islamic studies, and Arabic language instruction. In addition to their educational mission, the foundation aims to counter negative stereotypes and misinformation about Islam by producing, developing, acquiring, and distributing literature. Al-Furqaan Foundation has a staff of 51 individuals committed to their mission.
Official website here: www.furqaan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Al-Furqaan Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a high score of 96%, the organization demonstrates robust governance practices, including having a majority of independent board members and comprehensive policies in place for conflict of interest, whistleblowing, and document retention.
The foundation excels in its financial management, showcasing an impressive program expense ratio of 89.29%, which indicates that a significant portion of its funds directly supports its mission. Additionally, the organization maintains a fundraising efficiency ratio of $0.03, highlighting its effectiveness in raising funds relative to expenses. However, the liabilities to assets ratio stands at 43.20%, which suggests a need for continued monitoring to ensure financial sustainability.
Overall, Al-Furqaan Foundation's strong governance and financial practices position it as a reliable nonprofit. While it faces some limitations in its liabilities management, its high program expenditure and efficient fundraising efforts underscore its commitment to fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Al-Furqaan Foundation legitimate?
Al-Furqaan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Al-Furqaan Foundation 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: $32,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,066,090
For more financial information, click here
Official website here: www.furqaan.org
What is the mission statement of Al-Furqaan Foundation?
The Al-Furqaan Foundation's mission is centered around informing and educating the residents of the United States about Islam and its core principles. This is done to counteract the negative media portrayals of Islam that are prevalent. The foundation also engages in producing, developing, acquiring, and distributing relevant literature on the subject.
Official website here: www.furqaan.org
Who is the CEO of Al-Furqaan Foundation?
Mohammed W Sayeed is the President of Al-Furqaan Foundation.
Official website here: www.furqaan.org
What is the revenue of Al-Furqaan Foundation?
Al-Furqaan Foundation's revenue in 2020 was $3,249,437.
Official website here: www.furqaan.org
Who are the executives of Al-Furqaan Foundation and what are their salaries?
The average compensation at Al-Furqaan Foundation during 2020 was $21,541. There are 51 employees at Al-Furqaan Foundation.
Here are 6 key members and their salaries:
- Compensation: $32,495
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.furqaan.org
Where can I find the form 990 for Al-Furqaan Foundation?
Al-Furqaan Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.furqaan.org
Learn more at the official website: www.furqaan.org
Mission Statement of Al-Furqaan Foundation
Al-Furqaan Foundation, a nonprofit organization, is dedicated to enlightening the American population about the true essence of Islam and its fundamental principles. Recognizing the prevalence of misleading information circulating about Islam in the media, Al-Furqaan Foundation aims to counteract this negativity by producing, developing, acquiring, and distributing relevant literature. The organization's primary mission is to inform and educate the public, fostering a better understanding of the Islamic faith and its core principles. By doing so, Al-Furqaan Foundation strives to dispel misconceptions and promote religious harmony.
Furthermore, Al-Furqaan Foundation is not limited to disseminating information. It also operates a full-time Islamic school, known as Furqaan Academy, which provides education from pre-K to 12th grade. This includes a standard academic curriculum, Qur'an memorization, Islamic studies, and Arabic language instruction. By combining academic education with religious instruction, Al-Furqaan Foundation aims to foster well-rounded individuals who have a deep understanding of their faith and the world around them.
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Impact
October, 2024
Al-Furqaan Foundation plays a significant role in informing and educating residents across the United States about the principles of Islam. It actively counters negative media portrayals of the religion, fostering a more accurate understanding among diverse communities.
Through its initiatives, including Furqaan Academy, the foundation provides a comprehensive education from Pre-K to 12th grade, blending a regular academic curriculum with Qur'an memorization, Islamic studies, and Arabic language instruction. This holistic approach not only nurtures young minds academically but also instills a strong sense of identity and understanding of Islamic values.
By producing and distributing educational literature, the Foundation aims to bridge gaps in knowledge and challenge misconceptions related to Islam. Its efforts contribute to greater societal harmony and understanding, enhancing intercultural dialogue and promoting peace. The impact of the Al-Furqaan Foundation is evident in its commitment to educating the next generation and fostering a more just and informed community.
This information is meant to be a general summary of Al-Furqaan Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $40,384
- Program Service Revenue: $928,213
- Gross Receipts: $3,593,653
Assets and Liabilities:
- Total Assets: $9,389,287
- Total Liabilities: $4,056,563
- Net Assets: $5,332,724
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT RECEIPTS
Revenue
$457,903
BOOK DISTRIBUTION
Revenue
$275,955
DISCOUNTS AND DEALS
Revenue
$16
RECYCLING
Revenue
$2,115
OTHER
Revenue
$192,224
Organization Details
Founding Year
2003
Phone
(630) 914-5015Principal Officer
Mohammed W Sayeed
Main Address
444 E ROOSEVELT ROAD 173, LOMBARD, IL, 60148
Website
www.furqaan.orgNTEE Category
Code: X40 - Religion related
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