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INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT

500 GROVE STREET, 2ND FLOOR ROOM 200
HERNDON, VA 20170

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

  1. IIIT CONDUCTED SEMINARS & EDUCATIONAL RESEARCH; PROVIDES SCHOLARSHIP AID TO DOMESTIC AND INTERNATIONAL STUDENTS; AND CONTRIBUTE TO EXEMPT ORGANIZATIONS AND CHARITABLE CAUSES.
  2. IIIT PROVIDED CLASSROOM INSTRUCTION ON TOPICS OF INTEREST FROM THE ISLAMIC PERSPECTIVE
  3. IIIT ASSISTED CERTAIN NEEDY INDIVIDUALS/FAMILIES WITH FUNDING FOR MEDICAL, EDUCATIONAL, AND GENERAL WELFARE NEEDS.
  4. IIIT FUNDED THE PUBLICATION AND DISTRIBUTION OF SCHOLARLY BOOKS AND JOURNALS.

FINANCIAL DATA

Revenues and Expenses: Fiscal Year Ending December 31, 2007

REVENUE  
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  
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

 

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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