Overview
What is Al-Rasheed Academy?
Al-Rasheed Academy is a nonprofit organization located at 148 Holland Avenue, Lackawanna, New York 14218. Their primary focus is on providing a secure, healthy, and nurturing environment for students to learn Islam. This is achieved through the employment of skilled, creative, and enthusiastic professionals who inspire a passion for lifelong learning. In line with their mission, they have expanded their after-school program for Math and ELA from the previous year. The Academy currently boasts a team of 32 dedicated employees.
Official website here: www.alrasheedacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Al-Rasheed Academy has received a two-star rating from Charity Navigator, indicating that there are significant areas needing improvement. The overall score of 73% reflects the organization's performance in accountability and finance, where it has strengths such as a high percentage of independent board members and a solid program expense ratio of 93.7%. These factors suggest a commitment to using funds effectively for its programs.
However, the rating also highlights critical weaknesses, particularly in transparency and governance. The absence of financial statements and missing policies on whistleblowing and document retention raise concerns about the organization's accountability. Additionally, the nonprofit's tax form is not posted on its website, which limits public access to important financial information.
While Al-Rasheed Academy demonstrates some strong governance practices, such as a majority independent board and no material diversion of assets, improvements in transparency and adherence to best practices are essential for enhancing its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Al-Rasheed Academy legitimate?
Al-Rasheed Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Al-Rasheed Academy 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: $32,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $469,334
For more financial information, click here
Official website here: www.alrasheedacademy.org
What is the mission statement of Al-Rasheed Academy?
Al-Rasheed Academy's mission is centered around providing a secure, healthful, and nurturing environment for students, fostering Islamic education. This is accomplished through the involvement of skilled, innovative, and highly motivated educators who encourage a lifelong pursuit of knowledge. The academy's mission emphasizes the promotion of a learning culture that extends beyond the classroom, fostering personal growth and development. The academy also aims to continue and expand its after-school program, focusing on subjects like Math and ELA, to further enrich the educational experience of its students.
Official website here: www.alrasheedacademy.org
Who is the CEO of Al-Rasheed Academy?
Anwar Al-Kalai is the Chairman of Al-Rasheed Academy.
Official website here: www.alrasheedacademy.org
What is the revenue of Al-Rasheed Academy?
Al-Rasheed Academy's revenue in 2022 was $609,638.
Official website here: www.alrasheedacademy.org
Who are the executives of Al-Rasheed Academy and what are their salaries?
The average compensation at Al-Rasheed Academy during 2022 was $15,682. There are 32 employees and 7 volunteers at Al-Rasheed Academy.
There is 1 key member and their salary:
- Compensation: $32,500
- Related: $0
- Other: $0
Official website here: www.alrasheedacademy.org
Where can I find the form 990 for Al-Rasheed Academy?
Al-Rasheed Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alrasheedacademy.org
Learn more at the official website: www.alrasheedacademy.org
Mission Statement of Al-Rasheed Academy
Al-Rasheed Academy, a distinguished nonprofit organization, is dedicated to creating a secure, wholesome, and stimulating Islamic learning environment for its students. This is accomplished through the collaboration of competent, innovative, and highly motivated professionals who encourage a lifelong love for learning. The Academy's mission is to ensure that each student thrives in this nurturing educational setting, fostering their personal growth and development.
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Impact
July, 2024
Al-Rasheed Academy is making a significant impact by providing students with a safe, healthy, and nurturing Islamic learning environment. The academy's skilled, creative, and highly motivated professionals are dedicated to promoting lifelong learning among the students. By continuing to expand its after-school programs in Math and ELA, Al-Rasheed Academy is actively supporting the academic growth and educational development of its students in LACKAWANNA, NY. Through its commitment to excellence in education, Al-Rasheed Academy is positively influencing the lives of students and contributing to their future success.
This information is meant to be a general summary of Al-Rasheed Academy. 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: $609,638
- Gross Receipts: $609,638
Assets and Liabilities:
- Total Assets: $25,966
- Total Liabilities: $100,000
- Net Assets: -$74,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education- Tuition
Revenue
$609,638
Organization Details
Founding Year
2012
Principal Officer
Anwar Al-Kalai
Main Address
148 Holland Avenue, Lackawanna, NY, 14218
Website
www.alrasheedacademy.orgNTEE Category
Code: B20 - Education
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