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Nonprofit · EIN 87-3788144

FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH

Tax-exempt · BURR RIDGE, IL 60527

Financials

$11K$180K2023
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$11,130$180,126-$168,996$208,650–$208,650
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$11,130

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$76,133
Professional fees and payments to contractors
$36,289
Occupancy
$13,500
Other expenses
$54,204
Program services (functional)
$151,901

Balance sheet and other

Total assets, start of year
$374,995
Total assets, end of year
$208,650
Total liabilities, end of year
–
Net assets, end of year
$208,650
Cash, savings and investments
$134,687
Gross receipts
$11,130

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Bilal AliDirector30$0
Rashid AliPresident10$0
Abdullah AnsariTreasurer10$0

Address and contacts

Address (IRS master file)
760 VILLAGE CENTER DR STE 220, BURR RIDGE, IL 60527-4528
In care of
% BILAL ALI
Signed the 990-EZ
Rashid Ali, President
Phone
(630) 946-4418
Return prepared by
C & A Financial LP

Mission

The Foundation for Islamic Knowledge and Research (FIKR) exists to support educational and academic activities that serve the public good through; grants to Islamic academic nonprofit organizations, scholarships to students in Islamic Studies, and knowledge exchange programs.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • - Successfully obtained 501c3 Status- Provided scholarship to 7 individuals to support their higher education- Established our headquarters office and a reading room for researchers
    Expenses $151,901

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
87-3788144
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
2023
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$208,650
Income (IRS master file)
$11,130

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2023$11,130$180,126$208,650XML
990-EZDecember 2022–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH

What is the EIN of FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH?
The employer identification number (EIN) of FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH is 87-3788144.
Is FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH 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 FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
Who are the officers and directors of FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH?
The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR ISLAMIC KNOWLEDGE AND RESEARCH have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $11,130, expenses of $180,126 and total assets of $208,650 at year end.

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