Nonprofit · EIN 81-4384306
IQRA ACADEMY OF THE TWIN CITIES
Tax-exempt · MINNEAPOLIS, MN 55408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $228,198 | $236,602 | -$8,404 | $76,225 | $3,038 | $73,187 |
| December 31, 2024 | 990 | $239,669 | $233,944 | $5,725 | $78,658 | -$2,935 | $81,593 |
| December 31, 2023 | 990 | $245,663 | $204,837 | $40,826 | $88,283 | $12,898 | $75,385 |
| December 31, 2022 | 990 | $421,939 | $332,486 | $89,453 | $0 | $0 | $0 |
| December 31, 2021 | 990 | $69,882 | $68,179 | $1,703 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $228,198
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $62,700
- Other salaries and wages
- $71,231
- Salaries, compensation and benefits (total)
- $145,054
- Professional fundraising fees
- $0
- Accounting fees
- $1,307
- Occupancy
- $18,177
- Travel
- $121
- Program services (functional)
- $226,669
- Management and general (functional)
- $9,933
Balance sheet and other
- Total assets, start of year
- $78,658
- Total assets, end of year
- $76,225
- Total liabilities, end of year
- $3,038
- Net assets, end of year
- $73,187
- Net assets without donor restrictions
- $73,187
- Gross unrelated business income
- $144
- Gross receipts
- $228,198
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- MN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOHAMED GALAL | Board Member Officer | 1 | $0 |
| MOHAMED AHMED | Board Member Officer | 1 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOHAMED GALAL | Board Member Officer | 1 | $0 |
| MOHAMED AHMED | Board Member Officer | 1 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOHAMED GALAL | Board Member Officer | 1 | $11,625 |
| MOHAMED AHMED | Board Member Officer | 1 | $11,625 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOHAMED GALAL | Board Member Officer | 1 | $0 |
| MOHAMED AHMED | Board Member Officer | 1 | $0 |
990 for the year ended December 31, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOHAMED GALAL | Board Member Officer | 1 | $0 |
| MOHAMED AHMED | Board Member Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 315 E LAKE ST, MINNEAPOLIS, MN 55408-2454
- Principal officer (990 for 2025)
- Mohamed Ahmed, 315 E Lake St, Minneapolis, MN 55408
- Signed the 990
- Mohamed Ahmed, Director
- Phone
- (612) 245-4239
- Return prepared by
- Claw Tax Group
Mission
IQRA ACADEMY is a nonprofit cultural and educational institute that has been formed exclusively for basic Islamic education. The center plays vital role in the lives of Muslim children in South Minneapolis, Minnesota.
Program accomplishments
- IQRA ACADEMY OFFERS ISLAMIC AND QURANIC STUDIES AND ARABIC LANGUAGE TRAINING THROUGH THE MEDIUM OF ORGANIZED COURSES,AND WEEKEND EDUCATION.Expenses $226,669 · revenue $228,054
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 | 990 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
- 81-4384306
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $76,225
- Income (IRS master file)
- $228,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $228,198 | $236,602 | $76,225 | XML |
| 990 | December 2024 | $239,669 | $233,944 | $78,658 | XML |
| 990 | December 2023 | $245,663 | $204,837 | $88,283 | XML |
| 990 | December 2022 | $421,939 | $332,486 | $0 | XML |
| 990 | December 2021 | $69,882 | $68,179 | $0 | 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 81-4384306).
Questions about IQRA ACADEMY OF THE TWIN CITIES
- What is the EIN of IQRA ACADEMY OF THE TWIN CITIES?
- The employer identification number (EIN) of IQRA ACADEMY OF THE TWIN CITIES is 81-4384306.
- Is IQRA ACADEMY OF THE TWIN CITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Which annual return does IQRA ACADEMY OF THE TWIN CITIES 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 IQRA ACADEMY OF THE TWIN CITIES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IQRA ACADEMY OF THE TWIN CITIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IQRA ACADEMY OF THE TWIN CITIES?
- The 990 for the year ended December 31, 2025 names Mohamed Ahmed.
- Who are the officers and directors of IQRA ACADEMY OF THE TWIN CITIES?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does IQRA ACADEMY OF THE TWIN CITIES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $228,198, expenses of $236,602 and total assets of $76,225 at year end.
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