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MINARET OF FREEDOM INSTITUTE 

4323 Rosedale Ave 
Bethesda, MD 20814
www.minaret.org

Mission and Programs

Mission

to promote the ideals of justice and free trade which is an essential common interest of Islam and the West, to demonstrate the Islamic origins of an essential common interest of Islam and the West, to demonstrate the Islamic origins of modern values such as the rule of law and market economics, to educate both Americans and Muslims world wide in the importance of liberty and free markets, and to advance the status of Musliim people by promoting a sympathetic environment in the

Programs

Development of Islamic Resource Bank

NTEE Code

  • E70 (Public Health Program)

Balance Sheet Fiscal Year Ending December 31, 2008

Total Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Assets January 1, 2008December 31, 2008Change
Cash & Equivalent$41,544$63,542$21,998
Accounts Receivable$1,328$577($751)
Pledges & Grants Receivable$0$0$0
Receivable/Other Due to changes in the 2008 Form 990, this data is no longer reported.$0$0$0
Inventories for Sale or Use$5,714$9,528$3,814
Investment/Securities Due to Changes in the 2008 Form, this value now includes Publicly Traded Securities as well as Other Securities. $0$0$0
Investment/Other Due to various changes in the way this data is reported in the 2008 Form 990, it may not be possible to accurately compare this data from the 2008 form 990 against the same field on prior forms $0$0$0
Fixed Assets The 2008 form does not distinguish between LBE as investments and LBE as fixed assets. This value is equivalent to the sum of both line items on earlier forms (Part IV line 55 plus line 57). $3,346$1,856($1,490)
Other Program Related Investments is now a separate field on the new form, Part X-13(A) and (B). $4,569$5,276$707
Total Assets:$56,501$80,779$24,278

LiabilitiesJanuary 1, 2008December 31, 2008Change
Accounts Payable$55$7,548$7,493
Grants Payable$0$0$0
Deferred Revenue$0$14,867$14,867
Loans and Notes The value on this line may now include payables to former employees, disqualified persons and unrelated third parties. $0$0$0
Tax-Exempt Bond Liabilities$0$0$0
Other Due to various changes in the way this data is reported in the 2008 Form 990, it may not be possible to accurately compare this data from the 2008 Form 990 against the same field on prior forms $1,500$1,500$0
Total Liabilities:$1,555$23,915$22,360

Fund Balance:$54,946$56,864$1,918
 

Basic Information

  • This organization is a 501(c)(3) Public Charity.
  • Financial information in this report is derived from the organization's December 31, 2008 Form 990.

EIN:52-1850442
Year Founded: Information not available
Ruling Year:1994
Fiscal Year End Date: December 31, 2008
Assets: $80,779
(from Dec 31, 2008 Form 990)
Income: $114,045
(from Dec 31, 2008 Form 990)
No. of Employees:0

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