2025-11-16T09:33:38-08:00 2024-12-31 680260103 REGALIA BERGER & BERGER CPAS 103 TOWN COUNTRY DR STE K DANVILLE CA 94526 990 2024-01-01 452751655 IQRA Fund IQRA 4065817017 PO Box 416 Bozeman MT 59771 Genevieve Walsh President & CEO 4065817017 2025-11-16 true true Douglas W Regalia P00186389 9253140390 2024 2025-03-06 01:10:19Z Genevieve Walsh PO Box 416 Bozeman MT 59771 1029954 false X www.IQRAFUND.ORG X 2011 MT TO PROVIDE ACCESS TO SUSTAINABLE QUALITY EDUCATION IN REMOTE REGIONS OF PAKISTAN. WE WORK IN GILGIT-BALTISTAN, PAKISTAN PROVIDING CRITICAL SOCIAL SERVICES AND FUNDING TO BREAK THE BARRIERS THAT PREVENT GIRLS FROM RECEIVING A QUALITY EDUCATION. 9 8 1 226 0 985338 1018776 0 6636 11178 0 991974 1029954 20527 27357 0 475815 411182 0 64999 318755 355512 815097 794051 176877 235903 481417 725899 16452 4028 464965 721871 TO PROVIDE ACCESS TO SUSTAINABLE QUALITY EDUCATION IN REMOTE REGIONS OF PAKISTAN. WE WORK IN GILGIT-BALTISTAN, PAKISTAN PROVIDING CRITICAL SOCIAL SERVICES AND FUNDING TO BREAK THE BARRIERS THAT PREVENT GIRLS FROM RECEIVING A QUALITY EDUCATION. false false 690461 27357 IQRA FUND ESTABLISHES HIGH QUALITY SELF-SUSTAINING SCHOOL SYSTEMS IN THE REMOTE, MOUNTAINOUS REGIONS OF NORTHERN PAKISTAN. WE ARE DEDICATED TO EMPOWERING ALL STUDENTS, ESPECIALLY GIRLS. PARTNERING WITH COMMUNITIES THAT REQUEST OUR SUPPORT, WE PROVIDE ACCESS TO EDUCATION FOR BOTH GIRLS AND BOYS, WITH A PRIMARY GOAL OF ENSURING 100% OF THE GIRLS IN OUR PARTNER VILLAGES ATTEND SCHOOL. WE WORK WITH LOCAL GOVERNMENTS, COMMUNITY LEADERS, PARENTS, AND TEACHERS TO INVEST IN LONG-TERM STUDENT SUCCESS, IMPROVING GENERATIONAL PROSPERITY. THIS SUPPORT IS ACHIEVED THROUGH TUITION ASSISTANCE, BOOKS, MATERIALS, UNIFORMS, AND FEES, PROVIDING A GIRL-FRIENDLY SCHOOL ENVIRONMENT (INCLUDING CLASSROOM AND WASHROOM CONSTRUCTION), AND SUPPORTING TEACHERS' SALARIES. 690461 true true false false false false false false false false true false false true true true true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 true 1 true false true PK false false false false false 0 false false false false false false false X 9 8 false false false false false false false true true false false true true true true true true true true false CA X X X X Genevieve Walsh 4065817017 PO Box 416 Bozeman MT 59771 Genevieve Walsh President & CEO 40.00 0.00 X X 92165 0 8147 Mahira Razzak Co-Chair 2.00 0.00 X X 0 0 0 Sabiha Chunawala Vice Chair 2.00 0.00 X X 0 0 0 Kamila Islam Director 2.00 0.00 X 0 0 0 Mehreen Mundh Treasurer 2.00 0.00 X X 0 0 0 Saima Machlovi Director 2.00 0.00 X 0 0 0 Christine Monaghan Secretary 2.00 0.00 X X 0 0 0 Kathryn Everett Director 2.00 0.00 X 0 0 0 Steve Swenson Director 5.00 0.00 X 0 0 0 92165 8147 0 false false false 0 1018776 1018776 0 11178 11178 0 0 0 0 0 0 0 0 1029954 11178 X 0 0 27357 27357 0 92165 78341 4608 9216 0 254983 254797 62 124 2765 2351 138 276 54218 53411 269 538 7051 5993 353 705 0 0 26423 808 25615 0 0 5540 5540 109331 79331 30000 3948 748 3200 16825 12557 106 4162 3966 3729 79 158 0 1673 1673 70876 67985 2891 0 0 0 0 4000 3400 200 400 0 Classroom Supplies 59976 59976 Education and Health 21615 21615 Repairs and Maintenance 10290 10290 bank fees 6651 575 6076 14398 6099 1046 7253 794051 690461 38591 64999 92132 327131 0 83318 87332 0 0 0 0 0 16790 9688 12000 7000 9000 5000 0 0 0 0 280177 296748 481417 725899 10284 941 6168 3087 16452 4028 X 369754 460346 95211 261525 464965 721871 481417 725899 235903 21003 X X false true X true false X 261691 869027 294112 985335 1018776 3428941 0 0 261691 869027 294112 985335 1018776 3428941 653749 2775192 2566 4511 2914 6636 11178 27805 0 0 3456746 0.80280 0.73400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12000 7000 5000 5000 Beneficial interests in assets held CF 296748 296748 other liabilities 3087 3087 X 1045417 21003 21003 1024414 5540 5540 1029954 788511 788511 5540 5540 794051 Part X : FIN48 Footnote Income TaxesIqra Fund is organized as a Montana nonprofit public benefit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as an organization described in IRC Section 501(c)(3), qualifying it to receive charitable contribution deductions under IRC Sections 170(b)(1)(A)(vi) and (viii), and has been determined not to be a private foundation under IRC Sections 509(a)(1) and (3), respectively. Iqra Fund is required to annually file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the organization could be subject to income tax on net income that is derived from business activities which are unrelated to its exempt purpose. Iqra Fund does not file an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS because it had no unrelated business taxable income for the year ended December 31, 2024. Iqra Fund has received notification from the Internal Revenue Service that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The exemptions are subject to periodic review by federal taxing authorities and management is confident that Iqra Fund continues to satisfy all federal statutes in order to qualify for continued tax exemption status. true South Asia 0 111 Program Services Tuition, Teachers, Training 690249 111 111 690249 690249 Tuition Assistance and Related Exp South Asia 93 27357 Provider Check Cost Basis false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US FUNDS ARE ADVANCED, ON AN AS-NEEDED BASIS FROM IQRA'S US BANK ACCOUNT TO THE OVERSEAS BANK ACCOUNT IN ISLAMABAD, PAKISTAN WHERE IQRA'S DIRECTOR OF OPERATIONS RECEIVES THE FUNDS AND MAINTAINS PRIMARY RESPONSIBILITY FOR THE DISPERSAL OF FUNDS FOR PROGRAMMATIC PURPOSES. Part I, Line 3f - Method of Accounting IQRA'S DIRECTOR OF OPERATIONS IS RESPONSIBLE FOR DISPERSAL OF SOME FUNDS FOR DIRECT PROGRAMMATIC EXPENSES, AND IN ADDITION HE DISPERSES FUNDS TO IQRA'S PROGRAM STAFF LOCATED THROUGHOUT THE REGIONS WHERE IQRA'S PROGRAMS ARE IMPLEMENTED. STAFF'S CHECKS WRITTEN FOR PROGRAMMATIC EXPENSES MUST BE VERIFIED/SIGNED BY TWO STAFF. MONTHLY, THE PROGRAM STAFF MUST SUBMIT EXPENSE REPORTS ALONG WITH RECEIPTS OR INVOICES FOR EACH DISPERSAL OF FUNDS. EACH EXPENSE REPORT IS REVIEWED BY THE DIRECTOR OF OPERATIONS IN PAKISTAN AND IQRA'S CEO IN THE UNITED STATES.LASTLY, AN OUTSIDE ACCOUNTING FIRM RECONCILES THE STAFF'S ADVANCE ACCOUNTS AS WELL AS THE ISLAMABAD BANK ACCOUNT AT THE END OF EACH MONTH.IQRA ALSO DEPLOYS STAFF TO MONITOR THE PROGRAMS AND CONDUCT INTERVIEWS WITH PROGRAM PARTICIPANTS, ENSURING THAT FUNDS ALLOCATED FOR PROGRAMS HAVE BEEN PROPERLY RECEIVED IN A TIMELY MANNER BY PARTICIPANTS. Part III, Line 1 - Estimated Number of Recipients 93 Form 990, Part VI, Section B, Line 11b Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service. Form 990, Part VI, Section B, Line 12c ON AN ANNUAL BASIS, EACH DIRECTOR AND OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN AN ACKNOWLEDGEMENT STATING THAT THEY HAVE REVIEWED THE CONFLICT OF INTEREST POLICY AND HAVE DISCLOSED ANY CONFLICTS OF INTEREST THE MAY HAVE (AS DEFINED IN THE POLICY). TO THE EXTENT THERE ARE CONFLICTS OF INTEREST OUTLINED, THE BOARD WILL REVIEW AND DISCUSS THOSE CONFLICTS WITH THE INDIVIDUAL TO MAKE SURE THE CORRECT PROCEDURES ARE FOLLOWED TO ADDRESS THE CONFLICT. Form 990, Part VI, Section B, Line 15a THE ORGANIZATION HAS AN INDEPENDENT COMPENSATION COMMITTEE THAT IS APPOINTED BY THE BOARD. OUR COMMITTEE CURRENTLY COMPRISES 3 INDIVIDUALS THAT ARE EACH INDEPENDENT AND FREE FROM ANY CONFLICT OF INTEREST WITH THE ORGANIZATION AND ITS STAFF. IT IS THE RESPONSIBILITY OF THE COMPENSATION COMMITTEE TO REVIEW AND RECOMMEND REASONABLECOMPENSATION FOR THOSE PERSONS DEEMED DISQUALIFIED PERSONS AS DEFINED IN THE IRC. THE COMMITTEE PERFORMED A DETAILED REVIEW OF COMPARABLE COMPENSATION DATA FOR THEORGANIZATION'S OFFICERS AND MADE A RECOMMENDATION TO THE BOARD ON REASONABLECOMPENSATION IN LIGHT OF SUCH DATA. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures. Form 990, Part VI, Section B, Line 15b Compensation of other personnel, highly compensated employees, and key employees (when applicable) is reviewed periodically by members of the Board. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are properly documented in accordance with the organization's policies and procedures. Form 990, Part VI, Section C, Line 18 Tax returns are available for download from several websites and by request from the organization's office in Bozeman, MT. Form 990, Part VI, Section C, Line 19 All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office. Form 990, Part XII, Line 2c The IQRA Fund elected to undergo an audit of its financial statements for the year ended December 31, 2024. The audited financial statements are prepared by a qualified and licensed independent audit firm. The audit report is reviewed and approved by the organization's management and the Board of Directors.