Overview
What is Islamic Education Center Inc?
The Islamic Education Center Inc, established in Potomac, Maryland, serves a religious, educational, and charitable purpose. It strives to promote Islam by organizing various cultural and educational programs, such as lectures, Farsi school classes, and religious observances. The center's mission is deeply rooted in fostering understanding and engagement with the Islamic faith within the community. This nonprofit entity is not only committed to spiritual growth but also encourages the learning of the Farsi language, an important aspect of the Islamic culture.
Official website here: www.iec-md.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
The Islamic Education Center Inc has received a rating of "Needs Improvement" with a score of 69% from Charity Navigator. This rating indicates that while the organization demonstrates some strengths, there are significant areas where it falls short, particularly in financial transparency and policy implementation.
One of the organization's notable strengths is its 100% independent board membership, which signifies a commitment to accountability in governance. Additionally, it maintains a healthy program expense ratio of 70.90%, suggesting a strong focus on its mission-related activities. However, the lack of financial statements and essential policies, such as conflict of interest and whistleblower protections, detracts from its overall accountability.
The center has also been recognized for its sound financial management, evidenced by a low liabilities to assets ratio of 15.74%. Nevertheless, the absence of crucial documentation like the tax form on its website raises concerns about transparency. While the organization performs well in some areas, it must address these limitations to improve its rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Islamic Education Center Inc legitimate?
Islamic Education Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Islamic Education Center 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: $81,732
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,968
For more financial information, click here
Official website here: www.iec-md.org
What is the mission statement of Islamic Education Center Inc?
The Islamic Education Center Inc, with a focus on religious, educational, and charitable purposes, actively promotes the teachings of Islam through various cultural and educational programs. These initiatives encompass lectures, Farsi school classes, and religious observances, aiming to spread and deepen understanding of the faith.
Official website here: www.iec-md.org
What is the revenue of Islamic Education Center Inc?
Islamic Education Center Inc's revenue in 2024 was $486,716.
Official website here: www.iec-md.org
Who are the executives of Islamic Education Center Inc and what are their salaries?
The average compensation at Islamic Education Center Inc during 2024 was $11,932. There are 19 employees and 30 volunteers at Islamic Education Center Inc.
Here are 5 key members and their salaries:
- Compensation: $12,000
- Related: $0
- Other: $69,732
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iec-md.org
Where can I find the form 990 for Islamic Education Center Inc?
Islamic Education Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.iec-md.org
Learn more at the official website: www.iec-md.org
Mission Statement of Islamic Education Center Inc
The Islamic Education Center Inc, with a mission deeply rooted in religious, educational, and charitable purposes, strives to propagate Islam by means of cultural and educational programs. This nonprofit organization conducts lectures, Farsi school classes, and religious observances, all aimed at promoting and cultivating an understanding of Islam. By offering such programs, the Islamic Education Center Inc seeks to educate and engage individuals in its community, fostering a sense of unity and spiritual growth.
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Impact
July, 2024
The Islamic Education Center Inc's impact is significant in promoting Islam through cultural and educational programs. By offering lectures, Farsi school classes, and religious observances, the center plays a crucial role in fostering a deeper understanding of the Islamic faith within the community in Potomac, MD. Through its various initiatives, the Islamic Education Center Inc contributes to the preservation and dissemination of Islamic teachings and traditions among its members and beyond.
This information is meant to be a general summary of Islamic Education Center 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 2024.
- Investment Income: $17,463
- Program Service Revenue: $63,221
- Gross Receipts: $486,716
Assets and Liabilities:
- Total Assets: $747,310
- Total Liabilities: $113,097
- Net Assets: $634,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION-FARSI SCHOOL
Revenue
$63,221
Organization Details
Founding Year
1998
Principal Officer
Ahmad Erfani
Website
www.iec-md.orgNTEE Category
Code: X40M - Religion related
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