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Oklahoma Islamic Academy Llc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800846870 ✦ Edmond, OK ✦ Designated as a 501(c)(3)

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Overview

What is Oklahoma Islamic Academy Llc?

Oklahoma Islamic Academy Llc is a nonprofit organization situated in Edmond, Oklahoma, with a specific focus on providing high-quality, faith-based Islamic education. Their mission, as stated, is to nurture Muslim Americans, fostering a deep connection with the sacred text, the Glorious Quran. The organization operates with a team of eight dedicated individuals, working tirelessly to deliver their educational services. Their primary goal is to provide a comprehensive Islamic education, aiming for the highest levels of success. The Academy's services remain an essential element in the Edmond community, contributing to the spiritual and educational growth of its Muslim American population.


Official website here: www.oklahomaislamicacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 52%, One-Star out of Four Star rating.

The Oklahoma Islamic Academy LLC has received a low rating of 52%, indicating potential issues in accountability and finance practices. The organization lacks independent board members and has not provided public financial statements, which are critical for transparency. Furthermore, it has missing policies for conflict of interest, whistleblower protection, and document retention, raising concerns about governance.

Despite these challenges, the organization demonstrates a high program expense ratio of 96.78%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. The organization's liabilities to assets ratio is also quite low at 6.45%, indicating a stable financial position in terms of debt management.

Overall, while the Oklahoma Islamic Academy LLC shows commendable commitment to program spending, it faces substantial hurdles in governance and transparency, which could impact donor confidence and long-term sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Oklahoma Islamic Academy Llc legitimate?

Oklahoma Islamic Academy Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma Islamic Academy Llc 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: $366,413

For more financial information, click here


Official website here: www.oklahomaislamicacademy.org

What is the mission statement of Oklahoma Islamic Academy Llc?

Oklahoma Islamic Academy LLC's mission is centered around nurturing Muslim Americans, encouraging a deep connection to the sacred text, the Glorious Quran. The organization strives to provide a faith-based Islamic educational service, aiming for academic excellence. Their goal is to foster individuals who embody this spiritual connection, ensuring their success in all aspects of life. The institution is committed to delivering quality education, adhering to the highest standards.


Official website here: www.oklahomaislamicacademy.org

Who is the CEO of Oklahoma Islamic Academy Llc?

Suzan Khaimi is the Principal of Oklahoma Islamic Academy Llc.


Official website here: www.oklahomaislamicacademy.org

What is the revenue of Oklahoma Islamic Academy Llc?

Oklahoma Islamic Academy Llc's revenue in 2022 was $702,162.


Official website here: www.oklahomaislamicacademy.org

Who are the executives of Oklahoma Islamic Academy Llc and what are their salaries?

The average compensation at Oklahoma Islamic Academy Llc during 2022 was $45,802. There are 8 employees at Oklahoma Islamic Academy Llc.


Here are 3 key members and their salaries:


Suzan Khaimi (Principal)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mahmoud Khaimi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maryam Khaimi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oklahomaislamicacademy.org

Where can I find the form 990 for Oklahoma Islamic Academy Llc?

Oklahoma Islamic Academy Llc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oklahomaislamicacademy.org

Learn more at the official website: www.oklahomaislamicacademy.org

Mission Statement of Oklahoma Islamic Academy Llc

Oklahoma Islamic Academy LLC, as an educational service organization, is committed to nurturing Muslim Americans who maintain a profound connection with the sacred Book of Allah, the Glorious Quran. This mission is at the core of their activities, striving to provide the highest level of faith-based Islamic education with a focus on achieving significant success. In essence, Oklahoma Islamic Academy LLC seeks to cultivate individuals who deeply resonate with the teachings of the Quran, fostering a strong Muslim identity.

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Impact




July, 2024

Oklahoma Islamic Academy LLC's impact lies in fostering Muslim Americans who are deeply connected to the Book of Allah, the Glorious Quran. By providing quality faith-based Islamic educational services with a focus on success, the academy plays a crucial role in nurturing individuals who are grounded in their faith and values. Located in Edmond, Oklahoma, the academy's mission is to cultivate a community of Muslim Americans who are knowledgeable about their religion and its teachings. Through its emphasis on education and religious guidance, Oklahoma Islamic Academy LLC contributes to the spiritual development and cultural enrichment of its students.




This information is meant to be a general summary of Oklahoma Islamic Academy Llc. 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.

Revenue
$702,162 (2022)
Expenses
$730,963 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $340,893
  • Gross Receipts: $702,162

Assets and Liabilities:

  • Total Assets: $138,581
  • Total Liabilities: $8,942
  • Net Assets: $129,639

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATIONAL SERVICE

Revenue

$340,893

Organization Details

Founding Year

2015

Principal Officer

Suzan Khaimi

Main Address

7300 BAYLINER LAUNCH, EDMOND, OK, 73013

NTEE Category

Code: X40 - Religion related

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