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Iqa Foundation

Dba Yusuf Kavakci Yzk Institute

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Details

According to its July 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$3.09M (2023)

Expenses
$2.42M (2023)

Total Assets
$4.98M (2023)

Total Liabilities
$1.75M (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,092,515
Expenses
$2,423,603
Net Income
$668,912
Net Assets
$3,223,146
Notable Sources of Revenue Percent of Total Revenue
Contributions $496,699
16.1%
Program Services $2,127,469
68.8%
Investment Income $32,637
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $435,710
14.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,755,508
72.4%
Assets/Debt
Total Assets $4,977,506
Total Liabilities $1,754,360
Net Assets $3,223,146
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Aamir Panjwani (Trustee) $0 $0 $0
Shafiq Dharamsi (Trustee) $0 $0 $0
Talha Hashmi (Trustee) $0 $0 $0
Syed Huq (Chairman) $0 $0 $0
Cynthia Siddiqui (Secretary) $0 $0 $0
Kamran Hosain (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,469,464
Expenses
$1,888,410
Net Income
$581,054
Net Assets
$2,930,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $571,710
23.2%
Program Services $1,408,976
57.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $488,778
19.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,295,995
68.6%
Assets/Debt
Total Assets $4,752,473
Total Liabilities $1,822,215
Net Assets $2,930,258
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Aamir Panjwani (Trustee) $0 $0 $0
Shafiq Dharamsi (Trustee) $0 $0 $0
Talha Hashmi (Trustee) $0 $0 $0
Syed Huq (Chairman) $0 $0 $0
Cynthia Siddiqui (Secretary) $0 $0 $0
Kamran Hosain (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,375,665
Expenses
$1,905,960
Net Income
$469,705
Net Assets
$2,360,305
Notable Sources of Revenue Percent of Total Revenue
Contributions $890,113
37.5%
Program Services $1,470,288
61.9%
Investment Income $13,803
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,461
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,303,489
68.4%
Assets/Debt
Total Assets $4,534,791
Total Liabilities $2,174,486
Net Assets $2,360,305
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Aamir Panjwani (Trustee) $0 $0 $0
Shafiq Dharamsi (Trustee) $0 $0 $0
Talha Hashmi (Trustee) $0 $0 $0
Syed Huq (Chairman) $0 $0 $0
Cynthia Siddiqui (Secretary) $0 $0 $0
Kamran Hosain (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,465,572
Expenses
$2,054,183
Net Income
$411,389
Net Assets
$1,763,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $763,545
31.0%
Program Services $1,699,482
68.9%
Investment Income $1,695
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $850
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,151,436
56.1%
Assets/Debt
Total Assets $4,036,800
Total Liabilities $2,273,500
Net Assets $1,763,300
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Syed Huq (Chairman) $0 $0 $0
Kamran Hosain (Treasurer) $0 $0 $0
Cynthia Siddiqui (Secretary) $0 $0 $0
Aamir Panjwani (Trustee) $0 $0 $0
Shafiq Dharamsi (Trustee) $0 $0 $0
Talha Hashmi (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,175,756
Expenses
$1,866,094
Net Income
$309,662
Net Assets
$2,472,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $679,042
31.2%
Program Services $1,496,714
68.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $952,976
51.1%
Assets/Debt
Total Assets $4,519,758
Total Liabilities $2,047,046
Net Assets $2,472,712
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tariq Yoonas (Chairman Emeritus) $0 $0 $0
Zubair Ikram (Chairman) $0 $0 $0
Saadia Muzaffar (Vice Chairman) $0 $0 $0
Imran Hafeez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,240,804
Expenses
$1,686,764
Net Income
$554,040
Net Assets
$2,737,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $842,402
37.6%
Program Services $1,398,302
62.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $100
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $910,428
54.0%
Assets/Debt
Total Assets $5,009,553
Total Liabilities $2,272,005
Net Assets $2,737,548
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tariq Yoonas (Chairman Emeritus) $0 $0 $0
Zubair Ikram (Chairman) $0 $0 $0
Saadia Muzaffar (Vice Chairman) $0 $0 $0
Imran Hafeez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,998,954
Expenses
$1,587,098
Net Income
$411,856
Net Assets
$1,242,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $814,503
40.7%
Program Services $1,184,451
59.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $806,590
50.8%
Assets/Debt
Total Assets $4,375,044
Total Liabilities $3,132,200
Net Assets $1,242,844
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tariq Yoonas (Chairman Emeritus) $0 $0 $0
Zubair Ikram (Chairman) $0 $0 $0
Saadia Muzaffar (Vice Chairman) $0 $0 $0
Imran Hafeez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,889,421
Expenses
$1,504,294
Net Income
$385,127
Net Assets
$894,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $503,906
26.7%
Program Services $1,128,284
59.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $257,231
13.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $873,861
58.1%
Assets/Debt
Total Assets $4,149,537
Total Liabilities $3,255,041
Net Assets $894,496
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tariq Yoonas (Chairman Emeritus) $0 $0 $0
Zubair Ikram (Chairman) $0 $0 $0
Saadia Muzaffar (Vice Chairman) $0 $0 $0
Imran Hafeez (Treasurer) $0 $0 $0
Pervez Aziz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,543,966
Expenses
$1,314,439
Net Income
$229,527
Net Assets
$494,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $257,850
16.7%
Program Services $1,028,022
66.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $258,094
16.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $667,568
50.8%
Assets/Debt
Total Assets $838,140
Total Liabilities $343,514
Net Assets $494,626
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Zubair Ikram (Vice Chairman) $0 $0 $0
Saadia Muzaffar (Director) $0 $0 $0
Imran Hafeez (Director) $0 $0 $0
Hina Qidwai (Director) $0 $0 $0
Tariq Yoonas (President) $0 $0 $0
Pervez Aziz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,367,802
Expenses
$1,225,647
Net Income
$142,155
Net Assets
$83,264
Notable Sources of Revenue Percent of Total Revenue
Contributions $592,832
43.3%
Program Services $737,456
53.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $37,514
2.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $651,850
53.2%
Assets/Debt
Total Assets $482,908
Total Liabilities $399,644
Net Assets $83,264
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tariq Yoonas (President) $0 $0 $0
Pervez Aziz (Secretary) $0 $0 $0
Zubair Ikram (Board Member) $0 $0 $0
Saadia Muzaffar (Board Member) $0 $0 $0
Imran Hafeez (Board Member) $0 $0 $0
Hussain Kedwaii (Board Member) $0 $0 $0
Hina Qidwai (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$661,886
Expenses
$654,958
Net Income
$6,928
Net Assets
-$58,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $397,877
60.1%
Program Services $254,555
38.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $9,454
1.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $283,393
43.3%
Assets/Debt
Total Assets $89,762
Total Liabilities $148,653
Net Assets -$58,891

Document Links

Fiscal Year Ending July
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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