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INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT
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500 GROVE STREET, 2ND FLOOR ROOM 200
HERNDON,
VA
20170
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GENERAL INFORMATION
Who We Are
THE INSTITUTE PROMOTES RESEARCH WITH EMPHASIS ON THE DEVELOPMENT OF ISLAMIC SCHOLARSHIP IN CONTEMPORARY SOCIAL SCIENCES.
- This organization is a 501(c)(3)
Public Charity
.
- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's December 31, 2007
Form 990.
- Contributions are deductible, as provided by law.
MISSION AND PROGRAMS
Mission
THE INSTITUTE PROMOTES RESEARCH WITH EMPHASIS ON THE DEVELOPMENT OF ISLAMIC SCHOLARSHIP IN CONTEMPORARY SOCIAL SCIENCES.
Programs
- IIIT CONDUCTED SEMINARS & EDUCATIONAL RESEARCH; PROVIDES SCHOLARSHIP AID TO DOMESTIC AND INTERNATIONAL STUDENTS; AND CONTRIBUTE TO EXEMPT ORGANIZATIONS AND CHARITABLE CAUSES.
- IIIT PROVIDED CLASSROOM INSTRUCTION ON TOPICS OF INTEREST FROM THE ISLAMIC PERSPECTIVE
- IIIT ASSISTED CERTAIN NEEDY INDIVIDUALS/FAMILIES WITH FUNDING FOR MEDICAL, EDUCATIONAL, AND GENERAL WELFARE NEEDS.
- IIIT FUNDED THE PUBLICATION AND DISTRIBUTION OF SCHOLARLY BOOKS AND JOURNALS.
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending December 31, 2007
| REVENUE |
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| Contributions |
$3,405,000 |
| Government Grants |
$0 |
| Program Services |
$47,724 |
| Investments |
$4,262 |
| Special Events |
$0 |
| Sales |
$0 |
| Other |
$0 |
| Total Revenue |
$3,456,986 |
| EXPENSES |
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| Program Services |
$2,203,738 |
| Administration |
$1,203,088 |
| Other |
$11,136 |
| Total Expenses |
$3,417,962 |
| Net Gain/Loss |
$39,024 |
Balance Sheet: Fiscal Year Ending December 31, 2007
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 long survive, 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, 2007 |
December 31, 2007 |
Change |
| Cash & Equivalent |
$1,135,896 |
$985,478 |
($150,418) |
| Accounts Receivable |
$53,026 |
$90,780 |
$37,754 |
| Pledges & Grants Receivable |
$0 |
$0 |
$0 |
| Receivable / Other |
$0 |
$0 |
$0 |
| Inventories for Sale of Use |
$150,759 |
$150,759 |
$0 |
| Investment/Securities |
$0 |
$0 |
$0 |
| Investment/Other |
$0 |
$0 |
$0 |
| Fixed Assets |
$32,401 |
$1,127 |
($31,274) |
| Other |
$1,050 |
$1,550 |
$500 |
| Total Assets |
$1,373,132 |
$1,229,694 |
($143,438) |
| LIABILITIES |
January 1, 2007 |
December 31, 2007 |
Change |
| Accounts Payable |
$226,483 |
$46,123 |
($180,360) |
| Grants Payable |
$0 |
$0 |
$0 |
| Deferred Revenue |
$0 |
$0 |
$0 |
| Loans and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Total Liabilities |
$226,483 |
$46,123 |
($180,360) |
| FUND BALANCE |
$1,146,649 |
$1,183,571 |
$36,922 |
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Basic Information
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EIN: |
23-2202414 |
Year Founded: |
Information not available |
Ruling Year: |
1982 |
Fiscal Year: |
December 31, 2007 |
Assets: |
$1,229,694 (from Dec 31, 2007 Form 990) |
Income: |
$3,456,986 (from Dec 31, 2007 Form 990) |
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