Overview
What is Al-Qalam Foundation?
Al-Qalam Foundation is a nonprofit organization committed to offering an education that adapts to contemporary society's needs and values, drawing inspiration from sacred sources. Their goal is to make quality education accessible to deserving students who may face financial hardships. The foundation's activities are centered around facilitating affordable education, ensuring that qualified individuals in need can pursue their academic aspirations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Al-Qalam Foundation has received a score of 77%, which translates to a Three-Star rating. This rating indicates a strong commitment to accountability and finance, as the overall score is derived entirely from this category. The organization demonstrates effective management and transparency in its financial practices, reflecting positively on its operational integrity.
The foundation boasts a fully independent board, with eight out of eight members meeting this criterion. It also maintains a small board size comprised solely of independent members, which is considered a best practice in governance. Additional strengths include a 92.81% program expense ratio, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, while the rating signifies solid financial health, the overall score's reliance solely on the Accountability & Finance category may suggest limited insights into other areas such as program impact or community engagement. Nonetheless, the strong governance practices and financial metrics reinforce Al-Qalam Foundation's credibility as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Al-Qalam Foundation legitimate?
Al-Qalam Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Al-Qalam Foundation 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: $332,139
For more financial information, click here
What is the mission statement of Al-Qalam Foundation?
The Al-Qalam Foundation's mission is centered around providing an education that resonates with contemporary societal demands and essential needs, all while being grounded in sacred sources. Their primary objective is to offer affordable educational opportunities to deserving students who are in need. The foundation aims to serve this purpose by facilitating a cost-effective education.
Who is the CEO of Al-Qalam Foundation?
Abdulnasir Jangda is the President of Al-Qalam Foundation.
What is the revenue of Al-Qalam Foundation?
Al-Qalam Foundation's revenue in 2021 was $1,300,493.
Who are the executives of Al-Qalam Foundation and what are their salaries?
The average compensation at Al-Qalam Foundation during 2021 was $22,143. There are 15 employees at Al-Qalam Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Al-Qalam Foundation?
Al-Qalam Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Al-Qalam Foundation
Al-Qalam Foundation is committed to delivering an education that resonates with the current societal context and the necessities of its recipients. This mission is anchored in the sacred sources, with the primary goal of offering affordable education to deserving students who are financially disadvantaged. The foundation's purpose is to bridge the gap between the demand for relevant education and its availability, thereby empowering individuals to contribute positively to their communities. By facilitating low-cost education, Al-Qalam Foundation aims to foster a generation of knowledgeable and responsible individuals, equipped to navigate the complexities of modern society.
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Impact
July, 2024
Al-Qalam Foundation's impact lies in providing low-cost education to qualified students in need, with a focus on relevance to the current societal needs. By offering education grounded in sacred sources, the foundation contributes to the intellectual and moral development of individuals. Through its mission, Al-Qalam Foundation plays a vital role in bridging gaps in education access and ensuring that deserving students have the opportunity to learn and grow.
This information is meant to be a general summary of Al-Qalam Foundation. 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 2021.
- Gross Receipts: $1,300,493
Assets and Liabilities:
- Total Assets: $2,094,610
- Total Liabilities: $538,693
- Net Assets: $1,555,917
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Organization Details
Founding Year
2016
Phone
(508) 737-9430Principal Officer
Abdulnasir Jangda
Main Address
2802 King Arthur Blvd, Lewisville, TX, 75056
NTEE Category
Code: B90 - Education
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