IQRA ACADEMY OF VIRGINIA: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: IQRA ACADEMY OF VIRGINIA (EIN 56-2525403)
Tax period: 2012-08-01 to 2013-07-31
Filed: 2014-06-11
IRS object ID: 201411629349300411
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-06-11T09:48:59-05:00	Timestamp
Tax Period End Date	2013-07-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OVERBEY & WOO LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 73294	AddressLine1
City	NORTH CHESTERFIELD	City
State	VA	State
ZIP Code	232358029	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-08-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	562525403	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	IQRA ACADEMY OF VIRGINIA	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	IQRA	NameControl
Phone	8043304888	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6900 CARNATION ST	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232255236	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	FERAS ABUZAYDA	Name
Title	PRINCIPAL	Title
Phone	8043304888	Phone
Date Signed	2014-06-10	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	CARLSON WOO	Name
Phone	8047948403	Phone
Date Prepared	2014-06-11	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	FERAS ABUZAYDA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	6900 CARNATION ST	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232255236	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	535059	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	IQRAVA.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2004	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	PROVIDE EDUCATION CONSISTENT WITHIN ISLAMIC TRADITION	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	28	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	19295	ContributionsGrantsPriorYear
Contributions Grants Current Year	83072	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	422325	ProgramServiceRevenuePriorYear
Program Service Revenue CY	450386	ProgramServiceRevenueCY
Investment Income Current Year	1601	InvestmentIncomeCurrentYear
Other Revenue Prior Year	114803	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	556423	TotalRevenuePriorYear
Total Revenue Current Year	535059	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	366402	SalariesEtcPriorYear
Salaries Etc Current Year	457919	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	127619	OtherExpensePriorYear
Other Expenses Current Year	136480	OtherExpensesCurrentYear
Total Expenses Prior Year	494021	TotalExpensesPriorYear
Total Expenses Current Year	594399	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	62402	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-59340	RevenuesLessExpensesCY
Total Assets BOY	126582	TotalAssetsBOY
Total Assets EOY	102554	TotalAssetsEOY
Total Liabilities EOY	35312	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	126582	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	67242	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE EDUCATION CONSISTENT WITHIN ISLAMIC TRADITION	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	415210	Expense
Revenue	422315	Revenue
Description	PROVIDE EDUCATION CONSISTENT WITHIN ISLAMIC TRADITION	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	16338	Expense
Revenue	27280	Revenue
Description	FOOD SERVICE FOR THE STUDENTS	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	431548	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	28	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	NABEELA PERWEZ	NamePerson
Telephone Number	8043304888	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	6900 CARNATION ST	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	232255236	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
MOHAMMED FAROOQ HAMID
CHAIRMAN	10.00	X	X	0	0	0
AMIR SAEED
VICE-CHAIRMA	10.00	X	X	0	0	0
TANVEER CHOWDHURY
DIRECTOR	10.00	X		0	0	0
MOHAMMAD TABANJEH
TREASURER	10.00	X	X	0	0	0
SHAHEEN MUSTAFA
DIRECTOR	10.00	X		0	0	0
RABIA KHATTAK
SECRETARY	10.00	X	X	0	0	0
THERESA CHALGHOUMI
DIRECTOR	10.00	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	83072	AllOtherContributions
Total Contributions	83072	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EDUCATION	422315	422315
AUXILIARY ACTIVITIES	27280	27280
SPRING BAZAAR & GALA	791	791

Field	Value	IRS element (for citing)
Total Program Service Revenue	450386	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1601	TotalRevenueColumn
Related Or Exempt Function Income	1601	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	535059	TotalRevenueColumn
Related Or Exempt Function Income	451987	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	422541	Total
Program Services	300918	ProgramServices
Management And General	121623	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	35378	Total
Program Services	24939	ProgramServices
Management And General	10439	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	4000	Total
Management And General	4000	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	9583	Total
Program Services	7379	ProgramServices
Management And General	2204	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	3790	Total
Program Services	3790	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2227	Total
Program Services	2227	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	9238	Total
Program Services	6420	ProgramServices
Management And General	2818	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
MAINTENANCE	28650	21470	7180
PHONE/MAINTENANCE	21236	15927	5309
TEXTBOOKS,SUPPLIES	17117	17117
MEALS	9273	9273

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	31366	Total
Program Services	22088	ProgramServices
Management And General	9278	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	594399	Total
Program Services	431548	ProgramServices
Management And General	162851	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	101759	BOY
EOY	75505	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	10668	BOY
EOY	12470	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	771	BOY
EOY	2564	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	35985	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	23970	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	13384	BOY
EOY	12015	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	126582	BOY
EOY	102554	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
EOY	5021	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
EOY	16726	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	13565	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	35312	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	126582	BOY
EOY	67242	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	126582	BOY
EOY	67242	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	126582	BOY
EOY	102554	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-59340	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule D IRS990ScheduleD

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	MPTA	Description
Amount	$13,565	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	13565	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC