Qalam Education Fund Inc
Overview
Mission
The qalam education fund inc services the buildings and facilities to create a welcoming place of religious worship for the entire community to come together to learn and grow in faith.
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
Nonprofit profile at a glance
- EIN
- 861226156
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021
- Headquarters
- Carrollton, TX, USA
- Phone
- 5087379430
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 93
- Accountability: 51
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.6%; rating input score 39
- Program expense ratio: 82.6%; rating input score 83
- Fundraising efficiency: $82.15 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 53.2%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 11.62; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 41.1% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 48.7% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 43.6% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 38.6% of revenue deployed · 82.6% of spending went to programs
- Governance: 3 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $900K in reported program spending
- Leadership: top reported pay $58K · 5 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 3 annual filings from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
5 people listed
Highest reported compensation
- SYED TAUQEER ZAIDI (VICE PRESIDENT): $58,050 total reported compensation
- ABDUL NASIR JANGDA (PRESIDENT): $32,375 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.