Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
EIN 04-3549933 • 501(c)3 • Methuen, MA
Profile
The aim of the Islamic Academy is to give our children an Islamic identity and a high quality education. This includes state-of-the-art training in physical and social sciences, and at the same time inculcation of the values, which make individuals good human beings and useful members of society.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Liabilities / Revenue
54th percentile
Higher debt load relative to revenue than 54% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 4.6% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
81st percentile
Faster revenue growth than 81% of similar nonprofits.
Assets
Up$1,377,176
Up $866,259 (+170%) from 2023
Liabilities
Up$184,302
Up $26,083 (+16%) from 2023
Net Assets
Up$1,192,874
Up $840,176 (+238%) from 2023
Revenue
Up$1,930,375
Up $601,920 (+45%) from 2023
Expenses
Down$1,090,466
Down $259,131 (-19%) from 2023
Net Income
Up$839,909
Up $861,051 (+4073%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The aim of the islamic academy is to give our children an islamic identity and a high quality education. This includes state-of-the-art training in physical and social sciences, and at the same time inculcation of the values, which make individuals good human beings and useful members of society.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $183,298 | $883,614 | ▲ $700,316 |
| Cash and Non-Interest-Bearing Accounts | $303,460 | $259,400 | ▼ $44,060 |
| Land, Buildings, and Equipment, Net | $15,617 | $187,724 | ▲ $172,107 |
| Accounts Receivable | $8,542 | $31,143 | ▲ $22,601 |
| Total Assets | $510,917 | $1,377,176 | ▲ $866,259 |
| Other Assets Total | - | $15,295 | - |
| Liabilities | |||
| Deferred Revenue | $143,382 | $111,827 | ▼ $31,555 |
| Other Liabilities | - | $61,176 | - |
| Accounts Payable and Accrued Expenses | $14,837 | $11,299 | ▼ $3,538 |
| Total Liabilities | $158,219 | $184,302 | ▲ $26,083 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $352,698 | $1,192,874 | ▲ $840,176 |
| Total Net Assets Fund Balance | $352,698 | $1,192,874 | ▲ $840,176 |
| Total Liabilities and Net Assets / Fund Balance | $510,917 | $1,377,176 | ▲ $866,259 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Nadjette Lazzouni | Principal | FT | $89,503 | $89,503 |
| Name | Title |
|---|---|
| Rashid Khan | President |
| Abubakkar Siddiq | Director |
| Alaa Abou Mahmoud | Clerk |
| Omar Rafik | Secretary |
| Zaheer Shaik | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $737,729 |
| Other Expenses | $352,737 |
| Total Fundraising Expense | $63,131 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $474,918 | $168,101 | $6,538 | $649,557 |
| Payroll Taxes | $72,301 | $14,989 | $882 | $88,172 |
| Occupancy | $69,240 | $1,194 | $668 | $71,102 |
| Fees for Services Other | $58,487 | $10,794 | $635 | $69,916 |
| Office Expenses | $29,633 | $63 | $35 | $29,731 |
| Insurance | $14,495 | $3,065 | $177 | $17,737 |
| Depreciation Depletion | $10,810 | $186 | $104 | $11,100 |
| Other Expenses | $5,388 | $1,997 | $118 | $5,388 |
| All Other Expenses | - | $200 | - | $200 |
| Total Functional Expenses | $826,746 | $200,589 | $63,131 | $1,090,466 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Lease Liability | $57,632 |
| Accrued Expenses | $3,544 |
“The returns are reviewed by finance department and finance director before filing.”
“The documents are made available to public upon request.”
“The aim of the islamic academy is to give our children an islamic identity and a high quality education. This includes state-of-the-art training in physical and social sciences, and at the same time inculcation of the values, which make individuals good human beings and useful members of society.”
“The organization operates a faith-based accredited school from pre-k 3 to 8th grade. The organization is accredited by new england association of schools and colleges (neasc). The organization currently enrolls 169 students.”
“Book / tax depreciation difference -1”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/MissionDesc | 0 | THE AIM OF THE ISLAMIC ACADEMY IS TO GIVE OUR CHILDREN AN ISLAMIC IDENTITY AND A HIGH QUALITY EDUCATION. THIS INCLUDES STATE-OF-THE-ART TRAINING IN PHYSICAL AND SOCIAL SCIENCES, AND AT THE SAME TIME INCULCATION OF THE VALUES, WHICH MAKE INDIVIDUALS GOOD HUMAN BEINGS AND USEFUL MEMBERS OF SOCIETY. |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | THE ORGANIZATION OPERATES A FAITH-BASED ACCREDITED SCHOOL FROM PRE-K 3 TO 8TH GRADE. THE ORGANIZATION IS ACCREDITED BY NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC). THE ORGANIZATION CURRENTLY ENROLLS 169 STUDENTS. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE AIM OF THE ISLAMIC ACADEMY IS TO GIVE OUR CHILDREN AN ISLAMIC IDENTITY AND A HIGH QUALITY EDUCATION. THIS INCLUDES STATE-OF-THE-ART TRAINING IN PHYSICAL AND SOCIAL SCIENCES, AND AT THE SAME TIME INCULCATION OF THE VALUES, WHICH MAKE INDIVIDUALS GOOD HUMAN BEINGS AND USEFUL MEMBERS OF SOCIETY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION OPERATES A FAITH-BASED ACCREDITED SCHOOL FROM PRE-K 3 TO 8TH GRADE. THE ORGANIZATION IS ACCREDITED BY NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC). THE ORGANIZATION CURRENTLY ENROLLS 169 STUDENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE RETURNS ARE REVIEWED BY FINANCE DEPARTMENT AND FINANCE DIRECTOR BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOOK / TAX DEPRECIATION DIFFERENCE -1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 510917 |
| IRS990/TotalAssetsEOYAmt | 0 | 1377176 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 510917 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1377176 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 294078 |
| IRS990/TotalEmployeeCnt | 0 | 50 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 63131 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 200589 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 826746 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1090466 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 158219 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 184302 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 158219 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 184302 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 352698 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1192874 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 826746 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1507141 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 89503 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 113621 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1522676 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1930375 |
| IRS990/TotalVolunteersCnt | 0 | 200 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 510917 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1377176 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 41 VILLAGE VIEW RD |
| IRS990/USAddress/CityNm | 0 | WESTFORD |
| IRS990/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/USAddress/ZIPCd | 0 | 01886 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 12 |
| IRS990/VotingMembersIndependentCnt | 0 | 12 |
| IRS990/WebsiteAddressTxt | 0 | WWW.TIAPEACE.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ZAHEER SHAIK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9789757335 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MERRIMACK VALLEY ISLAMIC ACADEMY IN |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | THE ISLAMIC ACADEMY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MERR |
| ReturnHeader/Filer/EIN | 0 | 043549933 |
| ReturnHeader/Filer/PhoneNum | 0 | 9789757335 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 125 OAKLAND AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | METHUEN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01844 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 264735121 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | EZ TAX & ACCOUNTING SERVICES INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 759 BOSTON RD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BILLERICA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 018215930 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6177445290 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | AZMEENA M PATHAN |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T09:59:28-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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