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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 82-4203288

QURAN FOUNDATION INC

Tax-exempt · BROOKLYN, NY 11210

Financials

$767K$183K2023
Revenue Expenses · by fiscal year end
Financials of QURAN FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$766,803$183,228$583,575$1,244,454$0$1,244,454
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$766,803
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$7,151
Accounting fees
$1,838
Program services (functional)
$164,454
Management and general (functional)
$18,774

Balance sheet and other

Total assets, start of year
$660,879
Total assets, end of year
$1,244,454
Total liabilities, end of year
$0
Net assets, end of year
$1,244,454
Gross receipts
$766,803
Employees
0
Volunteers
4
Year formed
2018
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Amer AbbasDirector
Trustee or director
0$0
Iman SadreddinDirector
Trustee or director
0$0
Mohamed SadeiaDirector
Trustee or director
0$0
Mohammad BanawanCFO
Trustee or director
0$0
Nour SharbashSecretary
Trustee or director
0$0

Address and contacts

Address (IRS master file)
2918 AVENUE I UNIT 5345, BROOKLYN, NY 11210-2935
In care of
% MOHAMMAD BANAWAN
Principal officer (990 for 2023)
Amer Abbas, 2918 Avenue I Unit 5345, Brooklyn, NY 11210
Signed the 990
Mohammad Banawan, CFO
Phone
(510) 998-8254
Website
Quran.com
990-N for 2020 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Amer Abbas, 168 Raritan Ave, Staten Island NY 10304. Mailing address: 168 Raritan Ave, Staten Island NY 10304. Website: QuranReflect.com
Return prepared by
LB&J Certified Public Accountants PL

Mission

Connect and Socialize around religious Text

990 for the year ended December 31, 2023

Program accomplishments

  • Connect, Educate and Socialize around Religious Text
    Expenses $164,454

What it must file and when

IRS records say it files Not required (religious organization). Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-4203288
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Not required (religious organization)
Category (NTEE)
Religion-related (X40)
Assets (IRS master file)
$1,244,454
Income (IRS master file)
$766,803

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$766,803$183,228$1,244,454XML
990December 2022$730,427$165,264$660,879IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: Amer Abbas
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Amer Abbas
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-4203288).

Questions about QURAN FOUNDATION INC

What is the EIN of QURAN FOUNDATION INC?
The employer identification number (EIN) of QURAN FOUNDATION INC is 82-4203288.
Is QURAN FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to QURAN FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does QURAN FOUNDATION INC file?
Form Not required (religious organization).
When is the next return of QURAN FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did QURAN FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of QURAN FOUNDATION INC?
The 990 for the year ended December 31, 2023 names Amer Abbas.
Who are the officers and directors of QURAN FOUNDATION INC?
The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
How much revenue does QURAN FOUNDATION INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $766,803, expenses of $183,228 and total assets of $1,244,454 at year end.

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