As with any religious non-profit business, the Masjid income is strictly dependent on donations. However, as a mosque, Masjid Al-Momineen's income is restricted to Halal (permissible or prescribed by Islamic law) sources. As such, the Masjid cannot accept donations arising from purchase or sale of non-permissible products and services such as alcohol or gambling.
The bulk of the premise collections are made on Fridays at Friday prayer times. Donation boxes and Mohid electronic donation kiosks are provided throughout the facility. Donations are also made online. These donations take many forms: one time and recurring PayPal donations; automatic bank drafts and transfers using checking or credit card accounts, donations using the Masjid Al-Momineen App on Android or Apple devices; PayPal Giving Fund, and AmazonSmile donations.
Donors pay online or in location to one of four funds: New Masjid Construction, Monthly Operations, Sadaqa (Charity), or Zakat (Poor Due). These 4 funding types equally apply to in-location donations. Zakat collections are disbursed directly to the poor at the premises.
As of Jan 01, 2020, total donations for the fiscal years 2012, 2013, 2014, 2015, 2016, 2017, 2018, and 2019 stand at $139,873, $140,592, $361,688, $649,971, $831,340, $870,869, $1,185,476, and $932,788 respectively. Total expenses for the fiscal years 2012, 2013, 2014, 2015, 2016, 2017, 2018, and 2019 stand at $61,465, $105,459, $158,409, $863,419, $637,555, $690,468, $1,131,755, and $788,604 respectively.
Operational expenses and Zakat disbursements since the year construction of the New Masjid building commenced (2014) has amounted to $88,257, $132,603 (2015), $120,215 (2016), $130,472 (2017), $141,658 (2018), and $188,818 (2019) - or monthly $7,355, $11,050, $10,018, $10,873, $11,805, $15,735 respectively.
Current expenses fall under one of three general categories. Zakat disbursements, operational expenses, and New Masjid construction.
Zakat disbursements equal Zakat collections. What donors pay in Zakat money is religiously prescribed to be disbursed to those in need of Zakat money. Masjid Al-Momineen's Zakat recipients are mainly the area's poor and refugee population although at times poor people from other parts of Metro Atlanta also benefit from this service.
Operational expenses include salaries, utilities, facilities and equipment, maintenance and repair, insurance, legal fees, supplies, marketing, PR, and increasingly programs and services.
New Facility Financials
The sources of money for the New Masjid Construction project will remain the same. All monies collected will come from public donations and must originate in Halal (permissible) sources.
Project Cost and Cash Balance
A contract was originally signed with Blackwater Construction Group to construct the new facility. Per square foot cost was negotiated at $100. The new 26,000 square foot facility would have; therefore, cost approximately $2.6MM - excluding Blackwater and MI Services fees of $204,000. However, the original schedule had called for an aggressive timeline with the expectaion of raising $200,000 a month to feed the progress on the ground. However, funding delays plus several upgrades (stucco to brick, etc...) added extra expenses increasing the overall cost of the New Masjid to $3,600,000.
Masjid Al-Momineen maintains two accounts with two separate banks. One account is used strictly for operational deposits and disbursements. The other is used for the New Construction project. The balance of both accounts stand at exactly $47,159 as of Jan 01, 2020.
Outstanding Commitments and Funding Shortfall
We have held a number of fundraising events since commencement of the construction work. Total commitments as of January 1, 2020 stand at around $50,000.
Given that a total of $3,407,090 (includes plans and permits) has already been spent on construction of the new building since March of 2014, the project currently is short of funding by approximately $245,751. ($3.6MM - $3.4MM already spent - $47K in cash). A total of $100K has also been borrowed to pay for work already done in the form of Qarz al-Hassana.
Strategy to raise Funds
Ongoing efforts in collection of outstanding pledges in the amount of $50,000 (some within the Auto-Debit program in monthly and quarterly donations...)
Individual solicitations (past donors and prospective new ones)