Nonprofit · EIN 45-4101104
ILM OASIS NFP
Also known as ILM OASIS
Tax-exempt · SCHAUMBURG, IL 60193
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $382,308 | $191,589 | $190,719 | $269,013 | $3,532 | $265,481 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $382,308
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,000
- Salaries, compensation and benefits (total)
- $20,000
- Professional fundraising fees
- $0
- Accounting fees
- $7,200
- Occupancy
- $14,721
- Travel
- $4,416
- Program services (functional)
- $147,443
- Management and general (functional)
- $24,646
- Fundraising (functional)
- $19,500
Balance sheet and other
- Total assets, start of year
- $75,163
- Total assets, end of year
- $269,013
- Total liabilities, end of year
- $3,532
- Net assets, end of year
- $265,481
- Net assets without donor restrictions
- $265,481
- Gross receipts
- $382,308
- Employees
- 1
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Syed A Hussain | President Officer | 15 | $20,000 |
| Naveed Husain | Vice President Officer | 5 | $0 |
| Fahad Shahab | Treasurer Officer | 5 | $0 |
| Omar Masood | Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 117 S SPRINGINSGUTH RD, SCHAUMBURG, IL 60193-1270
- In care of
- % SYED AHMED HUSSAIN
- Mailing address (990-N for 2023)
- 117 S Springinsguth Road, Schaumburg IL 60193
- Principal officer (990-N for 2023)
- Syed A Hussain, 117 S Springinsguth Road, Schaumburg IL 60193
- Signed the 990
- Syed A Hussain, President
- Phone
- (630) 909-9114
- Return prepared by
- C & A Financial
Mission
Oasis aims to bring Muslims together in a welcoming setting to collectively grow in faith and strengthen our relationship with Allah and His Messenger (SAW) through relevant social, spiritual, and educational programming.
Program accomplishments
- Over the past year, Oasis has made significant strides in fulfilling its mission. We secured a new venue for our events by successfully signing a lease agreement, providing us with a dedicated space to serve our growing community. Throughout the year, we organized 75 programs that catered to various spiritual and educational needs, engaging over 5,000 attendees. Our commitment to fostering meaningful connections led to the establishment of dedicated committees for different programs, ensuring their effective implementation. In addition, we hosted a Gala with 350 attendees, which served as a platform for building community ties. The highlight of the year was our conference, which brought together 1,500 participants, offering a transformative experience that furthered our mission of growth in faith.Expenses $147,443
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 45-4101104
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X40)
- Assets (IRS master file)
- $269,013
- Income (IRS master file)
- $382,308
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $382,308 | $191,589 | $269,013 | XML |
| 990-N for 2023 Officer: Syed A Hussain | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Syed A Hussain | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Syed A Hussain | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Syed A Hussain | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-4101104).
Questions about ILM OASIS NFP
- What is the EIN of ILM OASIS NFP?
- The employer identification number (EIN) of ILM OASIS NFP is 45-4101104.
- Is ILM OASIS NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to ILM OASIS NFP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILM OASIS NFP 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 ILM OASIS NFP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILM OASIS NFP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ILM OASIS NFP?
- The 990-N for 2023 names Syed A Hussain.
- Who are the officers and directors of ILM OASIS NFP?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $20,000 (Syed A Hussain, President).
- How much revenue does ILM OASIS NFP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $382,308, expenses of $191,589 and total assets of $269,013 at year end.
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