Overview
What is The Foundation Of The Islamic Center Of Greater Toledo Inc?
The Foundation of the Islamic Center of Greater Toledo Inc is a nonprofit organization committed to promoting Islam and Islamic education. Its primary mission is to support the maintenance of the mosque and its surrounding grounds, located in Perrysburg, OH. Additionally, the foundation serves as a charitable trust, contributing to the community programs of the Islamic Center of Greater Toledo. These programs extend beyond the mosque itself, encompassing the school and other related community initiatives. The Foundation plays a significant role in covering the overhead and salary expenses of the Islamic Center, ensuring its continued operation and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (Overall Score: 66%)
The Foundation Of The Islamic Center Of Greater Toledo Inc has received a rating indicating a need for improvement, reflecting a score of 66% overall. The organization demonstrates strengths in having an entirely independent board and a favorable liabilities to assets ratio of 0.86%, suggesting solid financial management. Additionally, the program expense ratio of 66.27% indicates that a significant portion of resources is directed towards its programs.
However, notable weaknesses exist in the nonprofit's accountability and transparency practices. The organization failed to provide financial statements and has missing policies related to whistleblowing and document retention, which are critical for fostering trust and accountability. Furthermore, the absence of a website listed on its tax form and the lack of tax forms posted on its site detract from its transparency efforts.
Overall, while the foundation has a strong governance structure, its lack of financial documentation and certain internal policies could hinder potential donors' trust and the organization’s overall effectiveness. Addressing these gaps could improve its rating and enhance its impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of The Islamic Center Of Greater Toledo Inc legitimate?
The Foundation Of The Islamic Center Of Greater Toledo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The Islamic Center Of Greater Toledo 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:
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What is the mission statement of The Foundation Of The Islamic Center Of Greater Toledo Inc?
The Foundation of the Islamic Center of Greater Toledo Inc is established with a mission to serve as a charitable trust, primarily benefiting the Islamic Center of Greater Toledo. This includes maintaining the mosque and its grounds, as well as supporting related community programs. The organization's activities extend to providing financial support for the mosque's overhead and employee expenses. Additionally, the foundation contributes to various community initiatives, such as offering scholarships. Its primary objective is to contribute to the advancement of Islam and Islamic education.
Who is the CEO of The Foundation Of The Islamic Center Of Greater Toledo Inc?
Mrazi Rafeeq is the Principal Officer of The Foundation Of The Islamic Center Of Greater Toledo Inc.
What is the revenue of The Foundation Of The Islamic Center Of Greater Toledo Inc?
The Foundation Of The Islamic Center Of Greater Toledo Inc's revenue in 2022 was $730,896.
Who are the executives of The Foundation Of The Islamic Center Of Greater Toledo Inc and what are their salaries?
There 20 volunteers at The Foundation Of The Islamic Center Of Greater Toledo Inc.
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Where can I find the form 990 for The Foundation Of The Islamic Center Of Greater Toledo Inc?
The Foundation Of The Islamic Center Of Greater Toledo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation Of The Islamic Center Of Greater Toledo Inc
The Foundation of the Islamic Center of Greater Toledo, a charitable trust, is dedicated to serving the Islamic Center of Greater Toledo and its associated programs. Its primary mission is to advance Islam and Islamic education, ensuring the perpetual maintenance of the mosque and its grounds. The organization operates as a benevolent entity, contributing towards the overhead and salary expenses of the Islamic Center of Greater Toledo, located in Perrysburg, OH. By doing so, The Foundation of the Islamic Center of Greater Toledo contributes to the betterment of the Islamic community, offering educational opportunities and upholding the sanctity of their religious place of worship.
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Impact
October, 2024
The Foundation of the Islamic Center of Greater Toledo Inc significantly impacts the local community by advancing Islamic education and maintaining the mosque and its grounds. It plays a vital role in fostering a supportive environment for spiritual growth and educational opportunities, catering to individuals of all ages. Through its various programs, the Foundation funds scholarships and educational initiatives, ensuring that members of the community have access to resources that promote learning and development.
By managing overhead and salaries for the Islamic Center of Greater Toledo, the Foundation ensures smooth operation and sustainability of the Center's services, which are essential for the well-being of its members. Its commitment to perpetual maintenance of the mosque and its surroundings not only preserves a critical space for worship but also enhances community cohesion by providing a welcoming environment for gatherings, events, and celebrations.
Overall, the impact of this Foundation extends beyond religious practices; it cultivates a sense of belonging, supports personal and collective growth, and encourages community involvement, all of which contribute to a vibrant and resilient society in Perrysburg, OH.
This information is meant to be a general summary of The Foundation Of The Islamic Center Of Greater Toledo 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.
- Investment Income: $93,774
- Gross Receipts: $730,896
Assets and Liabilities:
- Total Assets: $2,441,650
- Total Liabilities: $21,000
- Net Assets: $2,420,650
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Organization Details
Founding Year
2007
Phone
(419) 349-0457Principal Officer
Mrazi Rafeeq
Main Address
PO BOX 350, PERRYSBURG, OH, 43551
NTEE Category
Code: X11 - Religion related
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