Overview
What is Madani Memorial Inc?
Madani Memorial Inc is a nonprofit organization committed to advocating for education and charity. They strive to uplift underprivileged and disadvantaged students by building and supporting schools, workshops, laboratories, hospitals, and literacy programs both within the United States and internationally. Their primary goal is to extend educational opportunities to those in need, thereby contributing to their overall development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Madani Memorial Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance practices. The organization excels in several areas, including maintaining a fully independent board, as evidenced by scoring 8 out of 8 points for majority independent board members and 7 out of 7 for board size. Additionally, it demonstrates strong financial reporting practices, receiving full points for its financial statements.
Despite these strengths, Madani Memorial Inc faces challenges, particularly reflected in its liabilities to assets ratio, which stands at an alarming 2247.73%, resulting in a score of zero out of 15 in this area. This high ratio may raise concerns regarding the organization's financial stability and its ability to manage debts relative to its assets. However, it does maintain an impressive program expense ratio of 98.89%, indicating that a significant portion of its expenditures is directed towards its programs and services.
Overall, while Madani Memorial Inc shows strengths in governance and program spending, its financial health remains a significant concern that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Madani Memorial Inc legitimate?
Madani Memorial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madani Memorial 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: $0
For more financial information, click here
What is the mission statement of Madani Memorial Inc?
Madani Memorial Inc's mission is centered around promoting education and charity. They strive to achieve this by establishing various educational institutions such as schools, workshops, laboratories, and hospitals, as well as literacy programs. The organization's primary goal is to extend educational opportunities to underprivileged and disadvantaged students, not just in the United States, but also internationally.
Who is the CEO of Madani Memorial Inc?
Gulzar Mohammad is the President/Director of Madani Memorial Inc.
What is the revenue of Madani Memorial Inc?
Madani Memorial Inc's revenue in 2022 was $616,399.
Who are the executives of Madani Memorial Inc and what are their salaries?
There 3 volunteers at Madani Memorial Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Madani Memorial Inc?
Madani Memorial Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madani Memorial Inc
Madani Memorial, a nonprofit organization, is dedicated to promoting education and charity. Through their mission, they strive to establish various facilities such as schools, workshops, laboratories, and hospitals, both domestically and internationally. Their primary goal is to provide educational opportunities to underprivileged and disadvantaged students. By doing so, Madani Memorial aims to make a significant impact on these students' lives, thereby contributing to the betterment of the global community.
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Impact
July, 2024
Madani Memorial Inc makes a significant impact by promoting education and charity through the establishment of schools, workshops, labs, hospitals, and literacy programs. Their efforts not only benefit deprived and disadvantaged students in the US but also have a lasting impact overseas. By focusing on education and providing essential services, Madani Memorial Inc plays a crucial role in improving the lives of individuals in need, ultimately contributing to positive social and community development.
This information is meant to be a general summary of Madani Memorial 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.
- Gross Receipts: $616,399
Assets and Liabilities:
- Total Assets: $4,452
- Total Liabilities: $100,069
- Net Assets: -$95,617
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Organization Details
Founding Year
1999
Phone
(734) 971-1999Principal Officer
Gulzar Mohammad
Main Address
3085 ROSEFIELD DR, ANN ARBOR, MI, 48108
NTEE Category
Code: X40 - Religion related
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