Nonprofit · EIN 22-3382037
ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC
Tax-exempt · WAYNE, NJ 07474
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $5,631,488 | $5,544,311 | $87,177 | $3,139,893 | $132,722 | $3,007,171 |
| August 31, 2024 | 990 | $5,245,176 | $4,982,244 | $262,932 | $3,081,086 | $157,049 | $2,924,037 |
| August 31, 2023 | 990 | $4,637,834 | $4,281,367 | $356,467 | $5,926,529 | $97,445 | $5,829,084 |
| August 31, 2021 | 990 | $3,661,999 | $3,729,491 | -$67,492 | $1,687,299 | $975,269 | $712,030 |
| August 31, 2020 | 990 | $3,240,266 | $3,612,105 | -$371,839 | $1,500,490 | $744,720 | $755,770 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $588,435
- Program service revenue
- $4,828,004
- Investment income
- $0
- Net rental income
- $215,049
- Other revenue
- $215,049
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,343,146
- Salaries, compensation and benefits (total)
- $3,651,780
- Professional fundraising fees
- $0
- Legal fees
- $13,914
- Accounting fees
- $8,500
- Occupancy
- $820,837
- Travel
- $6,150
- Depreciation
- $83,929
- Program services (functional)
- $5,460,382
- Management and general (functional)
- $83,929
Balance sheet and other
- Total assets, start of year
- $3,081,086
- Total assets, end of year
- $3,139,893
- Total liabilities, end of year
- $132,722
- Net assets, end of year
- $3,007,171
- Land, buildings and equipment
- $746,012
- Gross receipts
- $5,631,488
- Employees
- 0
- Year formed
- 1995
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAEED ABBASSI | BOARD CHAIRMAN Trustee or director | 10 | $0 |
| AHMED SHEDEED | V. CHAIRMAN Trustee or director | 10 | $0 |
| AHMAD QATANANI | MEMBER Trustee or director | 10 | $0 |
| KARIM MAASARA | TREASURER Trustee or director | 10 | $0 |
| AMEER ABUAWADE | MEMBER Trustee or director | 10 | $0 |
| SUHA SIAM | MEMBER Trustee or director | 10 | $0 |
| HASSAN MAHMOOD | MEMBER Trustee or director | 10 | $0 |
990 for the year ended August 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAEED ABBASSI | BOARD CHAIRMAN Trustee or director | 10 | $0 |
| AHMED SHEDEED | V. CHAIRMAN Trustee or director | 10 | $0 |
| AHMAD QATANANI | MEMBER Trustee or director | 10 | $0 |
| KARIM MAASARA | TREASURER Trustee or director | 10 | $0 |
| AMEER ABUAWADE | MEMBER Trustee or director | 10 | $0 |
| SUHA SIAM | MEMBER Trustee or director | 10 | $0 |
| HASSAN MAHMOOD | MEMBER Trustee or director | 10 | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAEED ABBASSI | BOARD CHAIRMAN Trustee or director | 10 | $0 |
| AHMED SHEDEED | V. CHAIRMAN Trustee or director | 10 | $0 |
| FUAD RASHID | MEMBER Trustee or director | 10 | $0 |
| HASSAN MAHMOOD | TREASURER Trustee or director | 10 | $0 |
990 for the year ended August 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAEED ABBASSI | BOARD CHAIRMAN Trustee or director | 10 | $0 |
| AHMED SHEDEED | V. CHAIRMAN Trustee or director | 10 | $0 |
| FUAD RASHID | MEMBER Trustee or director | 10 | $0 |
| HASSAN MAHMOOD | TREASURER Trustee or director | 10 | $0 |
990 for the year ended August 31, 2020: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAEED ABBASSI | BOARD CHAIRMAN Trustee or director | 10 | $0 |
| AHMED SHEDID | V. CHAIRMAN Trustee or director | 10 | $0 |
| FUAD RASHID | MEMBER Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4380, WAYNE, NJ 07474-4380
- Principal officer (990 for 2024)
- SAEED ABBASSI, PO Box 4380, WAYNE, NJ 07474
- Signed the 990
- SAEED ABBASSI, BOARD OF GOV
- Phone
- (862) 377-0876
- Website
- IEFSCHOOLS.ORG
- Return prepared by
- PRECISION ACCOUNTING INTL LL
Mission
ESTABLISH AND OPERATE PRE-SCHOOL, ELEMENTARY, HIGH SCHOOL.
Program accomplishments
- OPERATED A PRIVATE K-12 SCHOOL INCLUDING PRE-SCHOOL WHICH INCLUDEDExpenses $5,544,311 · revenue $5,631,488
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 22-3382037
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,139,893
- Income (IRS master file)
- $5,631,488
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $5,631,488 | $5,544,311 | $3,139,893 | XML |
| 990 | August 2024 | $5,245,176 | $4,982,244 | $3,081,086 | XML |
| 990 | August 2023 | $4,637,834 | $4,281,367 | $5,926,529 | XML |
| 990 | August 2022 | $4,370,006 | $3,790,928 | $2,513,070 | IRS |
| 990 | August 2021 | $3,661,999 | $3,729,491 | $1,687,299 | XML |
| 990 | August 2020 | $3,240,266 | $3,612,105 | $1,500,490 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3382037).
Questions about ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC
- What is the EIN of ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC?
- The employer identification number (EIN) of ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC is 22-3382037.
- Is ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC?
- The 990 for the year ended August 31, 2025 names SAEED ABBASSI.
- Who are the officers and directors of ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC?
- The 990 for the year ended August 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ISLAMIC EDUCATION FOUNDATION OF NEW JERSEY INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $5,631,488, expenses of $5,544,311 and total assets of $3,139,893 at year end.
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