Tarbiya Institute

Tarbiya Financials 2024

January - December 2024

Ordinary Income Expense

  • Income

    • Rental Income: $76,456.28 | THN Tenant Income

    • Umrah Funds Raised: $5,850.00 | Umrah

    • Consignment Income: $3,422.00 | Exhibit Sales and Donations

    • Contributions Received: $2,060,811.06 | THR, THN, THEG Donations

    • Zakat Received: $149,231.45 | Zakah

    • Program Income: $366,156.54 | Program Sponsorships, Program Fees (Nizami, SS, SC, IQ, Seminary, Sports, Childcare, Field Trip Income, Campus Programs, Mawlid, Books and Materials, etc.

    • Other Types of Income: $1,714.09 | Edward Jones, NYLife income

  • Total Income: $2,663,641.42

Gross Profit: $2,663,641.42

  • Expenses

    • Escrow Fees: $25,064.22 | Rosin Court

    • Merchant Fees: $41,935.60 | Merchant Fees

    • Business Expenses: $50,053.24 | Ads/Marketing, Business & Property Security, License and Permits (i.e., Fire Inspections, etc.)

    • Contract Services: $269,644.81 | Youth Program Teachers, Outside Contract Services, Seminary Teachers payments, Professional and Legal Fees, Catering, Honorariums Paid

    • Events & Program Expenses: $117,047.54 | Event Materials and Supplies, Books and Materials, Activity Reservations, i.e., Sunday School/Summer Camp Field Trips, Program Food and Snacks

    • Facilities and Equipment: $56,686.32 | Unity Eid, Mawlid Banquet Hall, Eid ul-Fitr/Adha Vendor Reservations

    • Pilgrimage Travel Event: $143,697.00 | Umrah Expense

    • Property Taxes: $14,491.48

    • Office Supplies: $6,772.92

    • Operations: $1,025,679.69 | THN/THEG Building Rent Expense, Janitorial Fees, Staff Salaries, Utilities, THR/THN Monthly Payments

    • Zakah: $50,374.08

    • Other Types of Expense: $12,155.00 | Conferences and Meetings, Car Rental/Parking, Travel/Lodging

    • Dues and Subscriptions: $2,746.60 | Adobe, Amazon Prime, BTDialPad meetings, Sawyer, Apple Care Plan, CamScanner

    • Insurance Expense: $14,031.92 | THR/THN Building Insurance

    • Postage and Delivery: $765.53 | Postage and Delivery

    • Professional Fees: $3,850.56 | Pest Control, Legal Fees,

    • Repairs and Maintenance: $33,707.17

  • Total Expense: $1,868,703.68

  • Net Ordinary Income: $794,937.74 | Used to bring down liabilities in the balance sheet by paying off loans.

Net Income: $794,937.74