named programs · 1 · from sources
What they call their work
Interest-Free Student Loan Program
Provides interest-free loans of up to $4,000 per semester for undergraduate and $5,000 per semester for graduate studies to eligible Shia Muslim students
activities · 3 groups
What they do
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Youth One-on-One Mentoring 1 activity
- Offering student mentoringConnects Shia Muslim students pursuing higher education with professional mentors to support their academic and career development.
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Local High School Scholarship Programs 1 activity
- Providing interest-free student loansOffers interest-free loans to Shia Muslim students pursuing higher education at accredited colleges and universities in the United States, with annual loan amounts up to $8,000 for undergraduates and up to $10,000 for graduate students. The organization has provided over $2 million in loans to more than 300 students, including individual awards exceeding $58,000 for combined undergraduate and graduate studies.
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Organizational Newsletter Production and Distribution 1 activity
- Publishing organizational newslettersProduces and publishes periodic newsletters, with documented issues covering September, October, and November–December 2019 and 2020.
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financials · form 990 · fy2024
revenue
Total revenue$163K
Contributions & grants$113K69%
Program service revenue$00%
Investment income$110K68%
Other revenue$-60K
expenses
Total expenses$11K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineOther
balance sheet
Total assets$3.53M
Cash$1.86M
Investments$0
Liabilities$0
Net assets$3.53M
Liquid reserves2016.0 mo
4 years on record · 2021–2024 · YoY revenue -46.9%
leadership · form 990 part vii · fy2024
Who runs it
board members · 3
- MOHAMED HAIDER — DIRECTOR
- SHIRAZ HUSSAIN — DIRECTOR
- SYED WAHEEB RIZVI — TREASURER
relationships · 6
Who they work with
- AWSOM Funder — Provided $2,000 for the Khairbano Jafri fund.
- Anjuman Wazifa Network — Individuals must be members in good standing for two consecutive years to serve as guarantors for student loans.
- Anjuman Wazifa Saadat USA Partner — Contributed $10,000 to the Mullah Asghar Memorial fund.
- Board of Directors and Executive Committee Government — Members of the Board of Directors and Executive Committee personally cover all administrative costs of Anjuman Wazifa.
- Board of Directors and Executive Committee of Anjuman Wazifa Government — Board members personally cover all administrative costs of the organization.
- IMI Partner — Co-contributed $6,000 with Anjuman Wazifa Sadaat for the Dr. Virasat S. Kashmiri fund.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Faith- and Community-Based Fundingmethodology: community-supported assistanceBy grounding financial support in shared faith and community participation, the organization sustains its lending program because communal ownership and religious values motivate ongoing contributions from members across generations.
- Full Donation Pass-Through Modelmethodology: administrative_cost_coverage_by_leadershipBy covering administrative costs through board and leadership contributions, 100% of membership dues go directly to student loans, increasing donor trust and funding efficiency because contributors know their full donations support the intended beneficiaries.
- Interest-Free Lending for Educationmethodology: interest-free_lendingBy providing interest-free loans, the organization reduces financial barriers to higher education for Shia Muslim students, promoting academic focus and success because such loans align with religious principles and eliminate debt-related stress.