Overview
What is Almustaqbal Foundation Inc?
Almustaqbal Foundation Inc, situated in Buffalo, New York, functions as a nonprofit organization. Its primary mission is to foster Islamic education, catering to both local students and the Al-Rasheed Academy. The organization offers various programs, activities, and even supports homeschooling, ensuring comprehensive learning experiences. Beyond the classroom, Almustaqbal Foundation Inc also extends its support to the expansion of the Al-Rasheed Mosque.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. The Almustaqbal Foundation Inc demonstrates a strong commitment to financial integrity, as reflected in its program expense ratio of 98.88%, indicating that nearly all its expenditures are directed toward its programs. Additionally, the organization has a fully independent board and has not shown any material diversion of assets, which are positive indicators of governance and accountability.
However, there are significant areas of concern that contribute to its two-star rating. The foundation lacks financial statements and has not provided necessary documentation on its website, such as the tax form, which raises transparency issues. Furthermore, the absence of a whistleblower policy and a document retention policy could pose risks in terms of governance and accountability.
While the foundation has notable strengths in terms of independent oversight and program spending, the lack of transparency and certain missing policies highlight limitations that potential donors should consider. Improving these areas could enhance the organization's rating and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Almustaqbal Foundation Inc legitimate?
Almustaqbal Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Almustaqbal 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: $12,897
Other Salaries and Wages: $0
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What is the mission statement of Almustaqbal Foundation Inc?
The Almustaqbal Foundation Inc's mission revolves around supporting Islamic education. It accomplishes this through various programs, activities, and homeschooling for local students. Moreover, the organization extends its support to the Al-Rasheed Academy. Additionally, the foundation is engaged in a project to expand the Mosque, furthering its commitment to the Islamic community. In essence, the Almustaqbal Foundation Inc is devoted to fostering and reinforcing Islamic education and practices.
Who is the CEO of Almustaqbal Foundation Inc?
Anwar Al-Kalai is the Chairman of Almustaqbal Foundation Inc.
What is the revenue of Almustaqbal Foundation Inc?
Almustaqbal Foundation Inc's revenue in 2022 was $1,246,117.
Who are the executives of Almustaqbal Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Almustaqbal Foundation Inc?
Almustaqbal Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Almustaqbal Foundation Inc
Almustaqbal Foundation Inc is dedicated to promoting Islamic education. The organization supports this mission through various programs, activities, and homeschooling initiatives aimed at local students. Moreover, Almustaqbal Foundation provides assistance to the Al-Rasheed Academy, contributing to its overall growth and development. Beyond educational support, the foundation also focuses on the expansion of a local mosque, furthering its commitment to the Islamic community.
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Impact
July, 2024
Almustaqbal Foundation Inc's impact lies in its steadfast commitment to providing and supporting Islamic education within the community. By offering programs, activities, and homeschooling for local students, the organization plays a crucial role in nurturing the next generation of individuals well-versed in Islamic teachings. Additionally, their support towards the Al-Rasheed Academy and Mosque expansion further solidifies their dedication to enhancing Islamic education and community development in BUFFALO, NY. Through these efforts, Almustaqbal Foundation Inc is instrumental in fostering a greater understanding and appreciation for Islamic values and teachings among the community members it serves.
This information is meant to be a general summary of Almustaqbal 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.
- Gross Receipts: $1,246,117
Assets and Liabilities:
- Total Assets: $1,764,715
- Total Liabilities: $0
- Net Assets: $1,764,715
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Organization Details
Founding Year
2010
Principal Officer
Anwar Al-Kalai
Main Address
109 Ridge Road, Buffalo, NY, 14218
NTEE Category
Code: B03 - Education
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