Al-Furqaan Foundation

Nonprofit profile at a glance

EIN
200310701
IRS 990 coverage
2010–2020
Official website data refreshed
Sep 2026
Forms available
Form 990 2020
Location
Lombard, IL, USA
Phone
6309145015
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Islam
Affiliation
Islam

Official website

Reported finances

Revenue
$3,249,437
Expenses
$2,547,450
Assets
$9,389,287
Liabilities
$4,056,563

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Mohammed W Sayeed (President)

Highest reported compensation

  • Mohammed W Sayeed (President): $32,495 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To deliver the message of the Quran to every individual in America by fulfilling its five rights upon Muslims: Believe it, Recite it, Understand it, Act upon it, and Convey it. These verses are the heartbeat of our mission. By Allah’s (SWT) Grace, we now manage over a dozen initiatives, have outgrown our office and warehouse space multiple times, witnessed thousands of Shahadah, and distributed millions of Quran translations. Today, we find ourselves feeling as though history is repeating itself. Demand for Islamic knowledge has skyrocketed and we are here to humbly serve this timeless call. **We pray our efforts are accepted and that they continue to open minds & hearts, by Allah’s (SWT) command.

What it reported doing in 2020

We have started masjid furqaan during 2020 which is fully functional and open to the public for offering prayers five times a day. We have few other projects like, quran education to muslim adults, we are providing family counselling and counselling based on the quran and prophetic sayings. We also run a mosque in the south side of chicago for local muslims. Our project to recycle the sacred text appropriately with help of a local recycling company is also running well and gaining popularity.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 55
  • Accountability: 90
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.8%; rating input score 77
  • Program expense ratio: 91.4%; rating input score 91
  • Fundraising efficiency: $53.11 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 0%; rating input score 0; 5th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.6%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 3.69; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: 8.9% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 16.4% per year; rating input score 100; 79th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 5 operating locations identified
  • Where the money goes: 76.8% of revenue deployed · 91.4% of spending went to programs
  • Governance: 5 of 6 board members independent · 8 of 8 filing controls reported · 0 of 6 affiliation controls reported
  • Programs: 4 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $32K · 6 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and foreign activity
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.