Overview
What is Iqra Institute?
Iqra Institute is a nonprofit organization that prioritizes bettering the lives of its community members. Their mission encompasses education, community activities, and social services, aligning with the values of knowledge, respectful behavior (ehsan), and community involvement. This organization offers a diverse range of programs, including sports, after-school activities, and sisterhood initiatives, catering to various community segments. Additionally, Iqra Institute provides an Islamic studies program, specifically tailored for after-school hours, further augmenting its commitment to education and community engagement.
Official website here: www.iqraainstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Iqra Institute has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. While the organization boasts a fully independent board, the overall score reflects concerns primarily related to governance policies and financial transparency.
Strengths include a 100% independent board composed of ten members and the absence of material diversion of assets, which suggests a level of integrity in financial stewardship. Additionally, the organization maintains a low liabilities to assets ratio, indicating sound financial health in that regard. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction protocols points to deficiencies in governance.
On the financial front, while Iqra Institute allocates nearly 60% of its expenses to programs, which is a positive indicator of its mission-driven focus, significant weaknesses in other areas have resulted in a low overall rating. The missing policies and independent board member shortcomings suggest that while the organization is operationally active, it requires critical improvements in its governance framework to enhance accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Iqra Institute legitimate?
Iqra Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iqra Institute 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: $38,100
For more financial information, click here
Official website here: www.iqraainstitute.org
What is the mission statement of Iqra Institute?
The Iqra Institute's mission is centered around the values of knowledge, ehsan, and community. They strive to incorporate these principles into all their activities, ranging from sports programs to after-school initiatives and sisterhood programs. The institute aims to uplift individuals by providing education, community activities, and social services. Furthermore, Iqra Institute offers an Islamic studies program specifically designed for after-school hours, demonstrating their commitment to serving various segments of the community.
Official website here: www.iqraainstitute.org
Who is the CEO of Iqra Institute?
Bilal Baqai is the President of Iqra Institute.
Official website here: www.iqraainstitute.org
What is the revenue of Iqra Institute?
Iqra Institute's revenue in 2022 was $457,479.
Official website here: www.iqraainstitute.org
Who are the executives of Iqra Institute and what are their salaries?
The average compensation at Iqra Institute during 2022 was $7,620. There are 5 employees at Iqra Institute.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iqraainstitute.org
Where can I find the form 990 for Iqra Institute?
Iqra Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iqraainstitute.org
Learn more at the official website: www.iqraainstitute.org
Mission Statement of Iqra Institute
Iqra Institute, a nonprofit organization, is committed to bettering the lives of its community members through education, community activities, and social services. The institute's mission is deeply ingrained in the values of knowledge, ehsan, and community. This is evident in the diverse programs it offers, including sports, after-school programs, and sisterhood programs, catering to various segments of the community. Furthermore, Iqra Institute provides an Islamic studies program specifically designed for after-school hours, demonstrating its dedication to fostering spiritual growth alongside personal development. The organization's activities and services are designed to enrich the lives of its community members, promoting a sense of unity and shared purpose.
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Impact
July, 2024
Iqra Institute's impact can be seen in the lives of individuals who have benefited from its educational programs, community activities, and social services. By embracing the values of knowledge, ehsan, and community, Iqra Institute strives to uplift and empower every segment of the community. Through initiatives like sports programs, after-school activities, and sisterhood programs, Iqra Institute is making a positive difference in the lives of those it serves. Additionally, the institution's Islamic studies program offers a unique opportunity for individuals to deepen their understanding of their faith outside of regular school hours.
This information is meant to be a general summary of Iqra Institute. 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: $457,479
Assets and Liabilities:
- Total Assets: $7,207
- Total Liabilities: $0
- Net Assets: $7,207
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Organization Details
Founding Year
2016
Phone
(484) 369-9636Principal Officer
Bilal Baqai
Main Address
3 FIELDCREST DR, Collegeville, PA, 19426
Website
www.iqraainstitute.orgNTEE Category
Code: X40 - Religion related
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