Niazee College of Osteopathic Medicine

Legal name: Rabia Institute of Medical Sciences

Nonprofit profile at a glance

EIN
990789390
IRS 990 coverage
2024–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Schaumburg, IL, US
Phone
(630) 635-0770
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Graduate, Professional Schools (Separate Entities)

Official website

Reported finances

Revenue
$28,057,276
Expenses
$961,060
Assets
$43,541,860
Liabilities
$2,185,637

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Dr Mohammed Taskeen AliNiazee (Founding President)

People named in this filing

  • Dr Mateen K AliNiazee (Governing Board Chairman/Treasurer)
  • Dr Mohammed Taskeen AliNiazee (Founding President)
  • Mubeen M AliNiazee (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate, nurture, and inspire the future of osteopathic medicine.

What it reported doing in 2024

Osteopathic Medical Education - objective - train and graduate competent osteopathic physicians who can achieve promotion through the four year of NCOM's educational program, passage of the COMLEX licensure exams, graduate within six years of starting the program, matriculate into the post graduate training program of their choice, and practice in medically/socioeconomic underserved areas of Chicagoland, Illinois, the Midwest, the Greatlakes regions, and around the nation. The program will matriculate it's first class and begin providing osteopathic medical education once pre-accreditation status is achieved.

Operating model

Revenue model
Donor-supported. 98% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 14
  • Transparency & Controls: 100
  • Accountability: 24
  • Sustainability: 97
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.6%; rating input score 3
  • Program expense ratio: 38.4%; rating input score 38
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 96.6%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 45.31; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 2.6% of revenue deployed · 38.4% of spending went to programs
  • Governance: 0 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $369K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 1 contractor listed · $154K reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 3/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 38/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.