Overview
What is Iqa Foundation Inc?
Iqa Foundation Inc, based in Richardson, Texas, is a nonprofit organization that oversees Good Tree Academy, an educational institution catering to students from pre-school to 12th grade. The foundation's mission is to foster the growth of future American Muslim scholars by integrating Islamic teachings with conventional subjects within its curriculum. The curriculum is designed to nurture well-rounded individuals, emphasizing leadership and academic excellence. With a team of 83 dedicated staff members, Iqa Foundation Inc is committed to shaping the next generation of well-informed and responsible citizens.
Official website here: www.goodtreeacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Iqa Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various accountability and finance metrics. The organization scored 69% overall, reflecting strengths in areas such as having a fully independent board and a high program expense ratio of 99.74%, suggesting that nearly all financial resources are directed towards its programs.
However, several critical limitations have been identified, particularly in the absence of essential governance policies, such as conflict of interest and whistleblower policies. Additionally, the organization has not provided financial statements or posted its tax form on its website, which raises concerns about transparency and accessibility of information for donors and stakeholders.
While the foundation demonstrates good practices regarding the independence of board members and the management of assets, addressing the noted deficiencies in governance and financial reporting will be crucial for improving its rating and gaining greater trust from the public and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Iqa Foundation Inc legitimate?
Iqa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iqa Foundation Inc 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: $1,295,995
For more financial information, click here
Official website here: www.goodtreeacademy.org
What is the mission statement of Iqa Foundation Inc?
The Iqa Foundation Inc's mission is centered around cultivating the next generation of American Muslim scholars. This is achieved through the operation of Good Tree Academy, an educational institution that caters to students from pre-school to 12th grade. The foundation strives to develop well-rounded individuals by balancing Islamic guidance with the study of conventional subjects. The curriculum encourages leadership and scholarship, aiming to foster success in each student.
Official website here: www.goodtreeacademy.org
Who is the CEO of Iqa Foundation Inc?
Kamran Hosain is the Trustee of Iqa Foundation Inc.
Official website here: www.goodtreeacademy.org
What is the revenue of Iqa Foundation Inc?
Iqa Foundation Inc's revenue in 2022 was $2,469,464.
Official website here: www.goodtreeacademy.org
Who are the executives of Iqa Foundation Inc and what are their salaries?
The average compensation at Iqa Foundation Inc during 2022 was $15,614. There are 83 employees at Iqa Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.goodtreeacademy.org
Where can I find the form 990 for Iqa Foundation Inc?
Iqa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodtreeacademy.org
Learn more at the official website: www.goodtreeacademy.org
Mission Statement of Iqa Foundation Inc
Iqa Foundation Inc, a nonprofit organization, is committed to nurturing the next generation of American Muslim scholars. This mission is carried out through the establishment of Good Tree Academy, an educational institution that caters to students from pre-school to 12th grade. The school's approach is unique, as it strives to foster the holistic development of each child by balancing Islamic guidance with the study of conventional subjects. The curriculum is designed to cultivate leadership and scholarly qualities in students, ensuring their overall success. Iqa Foundation Inc's mission is a testament to its dedication to shaping the future of American Muslim scholars, equipping them with the necessary skills and knowledge to contribute positively to their communities and society at large.
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Impact
October, 2024
Iqa Foundation Inc has a transformative impact on the educational landscape for American Muslim youth. Through Good Tree Academy, the foundation promotes a holistic approach to education, catering to students from preschool through 12th grade. This institution not only focuses on academic excellence but also emphasizes Islamic guidance, weaving together values and leadership skills that are essential for the development of well-rounded individuals.
By nurturing both spiritual and scholarly growth, Iqa Foundation Inc cultivates the next generation of American Muslim scholars who are equipped to contribute positively to their communities. The curriculum is designed to foster leadership, encouraging students to engage with both conventional subjects and the arts, ensuring they are prepared for the diverse challenges of the modern world. In doing so, Iqa Foundation Inc positively influences the lives of its students, their families, and the wider community in Richardson, Texas, and beyond.
This information is meant to be a general summary of Iqa Foundation Inc. 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 2022.
- Program Service Revenue: $1,408,976
- Gross Receipts: $2,469,464
Assets and Liabilities:
- Total Assets: $4,752,473
- Total Liabilities: $1,822,215
- Net Assets: $2,930,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REVENUE
Revenue
$1,408,976
Organization Details
Founding Year
2007
Principal Officer
Kamran Hosain
Main Address
P O Box 850994, Richardson, TX, 75085
Website
www.goodtreeacademy.orgNTEE Category
Code: A12 - Arts
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