Nonprofit · EIN 47-1666091
IRUSA WAQF
Tax-exempt · ALEXANDRIA, VA 22304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,405,280 | $147,133 | $2,258,147 | $17,657,141 | $4,994 | $17,652,147 |
| December 31, 2023 | 990 | $1,912,900 | $466,041 | $1,446,859 | $15,291,521 | $32,742 | $15,258,779 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $648,640
- Program service revenue
- $0
- Investment income
- $1,756,640
- Net gain from sales of assets
- $1,754,511
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $31,200
- Other salaries and wages
- $21,767
- Salaries, compensation and benefits (total)
- $68,693
- Professional fundraising fees
- $0
- Occupancy
- $4,321
- Travel
- $301
- Fundraising (functional)
- $147,133
Balance sheet and other
- Total assets, start of year
- $15,291,521
- Total assets, end of year
- $17,657,141
- Total liabilities, end of year
- $4,994
- Net assets, end of year
- $17,652,147
- Publicly traded securities
- $1,480,468
- Net assets with donor restrictions
- $17,652,147
- Gross receipts
- $3,225,275
- Employees
- 1
- Volunteers
- 4
- Year formed
- 2014
- State of legal domicile
- VA
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AHMED SHEHATA | CEO Officer | 3 | $0 | $209,989 | $57,771 |
| ASHAR AKHTAR | GENERAL COUNSEL Highest-paid employee | 10 | $31,200 | $161,068 | $51,747 |
| TAREQ OSMAN | CONTROLLER Officer | 3 | $0 | $186,199 | $40,487 |
| MOHAMMAD DANDASHI | DIRECTOR OF BUSINESS SERVICES Highest-paid employee | 3 | $0 | $158,432 | $54,758 |
| ARAIF YUSUFF | CHIEF OPERATING OFFICER Officer | 3 | $0 | $172,769 | $36,279 |
| SAQIB RASHID | BOARD CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| SAMI SHABAN | DIRECTOR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| AMIR MEMON | DIRECTOR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| KHALED LAMADA | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHAR AKHTAR | GENERAL COUNSEL Highest-paid employee | 10 | $31,200 | $160,092 | $49,306 |
| MOHAMMAD DANDASHI | INTERIM COO THRU 12/31/23 Officer | 3 | $0 | $175,159 | $52,283 |
| ARAIF YUSUFF | INTERIM CEO THRU 12/31/23 Officer | 3 | $0 | $184,825 | $36,277 |
| TAREQ OSMAN | CONTROLLER Officer | 3 | $0 | $184,274 | $34,930 |
| SHARIF ALY | CEO OF IRUSA THRU 6/23 Officer | 3 | $0 | $119,962 | $27,423 |
| FAISAL KHAN | PRESIDENT THRU 6/2/23 Officer | 40 | $94,138 | $0 | $17,867 |
| SAQIB RASHID | BOARD CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| SAMI SHABAN | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| AMIR MEMON | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| KHALED ALBADAWI | DIRECTOR BEG 11/23 Trustee or director | 3 | $0 | $0 | $0 |
| KHALED LAMADA | DIRECTOR THRU 10/21/23 Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3655 WHEELER AVE 204, ALEXANDRIA, VA 22304-6404
- Principal officer (990 for 2024)
- AHMED SHEHATA, 3655 WHEELER AVE, ALEXANDRIA, VA 22304
- Signed the 990
- AHMED SHEHATA, CEO, IRUSA
- Phone
- (703) 720-7202
- Website
- WWW.IRUSAWAQF.ORG
- Return prepared by
- RSM US LLP
Mission
ESTABLISH A POOL OF CAPITAL THAT ENSURES THE LONG-TERM SUSTAINABILITY OF IRUSA AND ENABLES THE CHARITY IN ACHIEVING ITS OBJECTIVES.
Program accomplishments
- IRUSA WAQF IS MEANT TO ACT AS AN ENDOWMENT FUND TO SUPPORT THE CHARITABLE ACTIVITIES OF ISLAMIC RELIEF USA, A 501(C)(3) ORGANIZATION AND TO SERVE AS A VEHICLE FOR DONORS TO BE ABLE TO DONATE ASSETS THAT WILL GENERATE REVENUE THAT WILL FUND THE CHARITABLE MISSION OF ISLAMIC RELIEF USA. IRUSA WAQF WILL SOLICIT DONATIONS FROM DONORS WHO WISH TO FULFILL THE CHARITABLE GIVING ENCOURAGED BY THE RELIGION OF ISLAM THAT ENCOURAGES ITS FOLLOWERS TO GIVE "SADAQAH JARIA OR CHARITABLE GIFTS THE BENEFITS OF WHICH ARE EXPECTED TO EXTEND PAST THE GIVER'S LIFETIME. IN THE TRADITION OF ISLAM, BENEFACTORS WOULD GRANT OR BEQUEATH PROPERTY FOR THE BENEFIT OF THE WHOLE COMMUNITY IN PERPETUITY. IN MODERN TIMES, THIS TYPE OF GIVING CAN BE FULFILLED BY GIVING TO OTHER VEHICLES, LIKE AN ENDOWMENT FUND, THAT WILL MANAGE THE CHARITABLE INTENT OF THE GIFT IN PERPETUITY.THE SOLE PURPOSE OF THE IRUSA WAQF IS TO HOLD THE ENDOWMENT ASSETS FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, ISLAMIC RELIEF USA. IRUSA WAQF WILL MAKE GIFTS, DONATIONS AND OTHER TRANSFERS FROM THE ENDOWMENT ASSETS TO ISLAMIC RELIEF USA AS ITS SUPPORTED ORGANIZATION AS THE IRUSA WAQF'S BOARD OF DIRECTORS DEEMS APPROPRIATE IN FURTHERANCE OF THE PURPOSES OF ISLAMIC RELIEF USA'S MISSION.IRUSA WAQF WILL MANAGE THE ASSETS INTENDED TO PRESERVE THE PRINCIPAL AND GENERATE REVENUE FOR THE USE OF ISLAMIC RELIEF USA IN ITS PROGRAMS. ONCE A THRESHOLD OF REVENUE IS REACHED THAT WILL ALLOW THE CORPUS OF THE ENDOWMENT FUND TO CONTINUE IN ACCORDANCE WITH PRUDENT INVESTMENT STANDARDS, THE EXCESS REVENUE WILL BE TRANSFERRED TO ISLAMIC RELIEF USA FOR DISBURSEMENT TO ITS BENEFICIARIES IN THE FORM OF GRANTS OR DIRECT ASSISTANCE.ISLAMIC RELIEF USA'S INTERNATIONAL AND DOMESTIC CHARITABLE ACTIVITIES INCLUDE EMERGENCY RESPONSE TO NATURAL AND MAN-MADE DISASTERS, DELIVERY OF HUMANITARIAN AID TO CIVILIANS, DEVELOPMENT PROJECTS INCLUDING WATER, SANITATION, AND HYGIENE PROJECTS, VOCATIONAL AND TECHNICAL EDUCATION, AND MICRO-LOAN POVERTY ALLEVIATION PROGRAMS.
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 on file |
IRS record
- EIN
- 47-1666091
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $17,657,141
- Income (IRS master file)
- $3,225,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,405,280 | $147,133 | $17,657,141 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,912,900 | $466,041 | $15,291,521 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | -$928,827 | $629,164 | $15,482,332 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 47-1666091).
Questions about IRUSA WAQF
- What is the EIN of IRUSA WAQF?
- The employer identification number (EIN) of IRUSA WAQF is 47-1666091.
- Is IRUSA WAQF tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to IRUSA WAQF tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does IRUSA WAQF 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 IRUSA WAQF 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 IRUSA WAQF 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 IRUSA WAQF?
- The 990 for the year ended December 31, 2024 names AHMED SHEHATA.
- Who are the officers and directors of IRUSA WAQF?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization.
- How much revenue does IRUSA WAQF have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,405,280, expenses of $147,133 and total assets of $17,657,141 at year end.
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All nonprofits in ALEXANDRIA · Virginia · International, foreign affairs and national security