Civic Intelligence

Malik Academy Inc

990 • Fiscal year 2022 • EIN 20-1276247

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 09, 2023

808 Memorial DriveCambridge, MA 02139

(617) 832-5106

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.87x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.32x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

52nd percentile

7.2%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

64th percentile

9.8%

Faster asset growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-1.7%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$277,633

Up $24,716 (+9.8%) from 2021

Net Assets

Up

$37,395

Up $105,379 (+155%) from 2021

Liabilities

Down

$240,238

Down $80,663 (-25%) from 2021

Revenue

Down

$758,955

Down $12,761 (-1.7%) from 2021

Expenses

Down

$704,058

Down $87,437 (-11%) from 2021

Net Income

Up

$54,897

Up $74,676 (+378%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $73,258Liabilities 2011: $20,048Net Assets 2011: $53,2102011Assets 2012: $97,952Liabilities 2012: $14,404Net Assets 2012: $83,5482012Assets 2013: $117,454Liabilities 2013: $58,552Net Assets 2013: $58,9022013Assets 2014: $129,002Liabilities 2014: $71,545Net Assets 2014: $57,4572014Assets 2015: $107,645Liabilities 2015: $60,786Net Assets 2015: $46,8592015Assets 2016: $158,976Liabilities 2016: $75,187Net Assets 2016: $83,7892016Assets 2017: $166,193Liabilities 2017: $102,777Net Assets 2017: $63,4162017Assets 2018: $143,272Liabilities 2018: $149,317Net Assets 2018: -$6,0452018Assets 2019: $200,381Liabilities 2019: $155,595Net Assets 2019: $44,7862019Assets 2020: $195,132Liabilities 2020: $243,337Net Assets 2020: -$48,2052020Assets 2021: $252,917Liabilities 2021: $320,901Net Assets 2021: -$67,9842021Assets 2022: $277,633Liabilities 2022: $240,238Net Assets 2022: $37,3952022Assets 2023: $501,187Liabilities 2023: $55,223Net Assets 2023: $445,9642023Assets 2024: $621,562Liabilities 2024: $70,944Net Assets 2024: $550,6182024Assets 2025: $1,008,059Liabilities 2025: $99,276Net Assets 2025: $908,7832025

Highlighted filing

2022

Assets$277,633
Liabilities$240,238
Net Assets$37,395

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $589,897Expenses 2011: $573,152Net Income 2011: $16,7452011Expenses 2012: $667,8192012Expenses 2013: $809,0842013Revenue 2014: $922,443Expenses 2014: $923,888Net Income 2014: -$1,4452014Revenue 2015: $1,068,921Expenses 2015: $1,079,519Net Income 2015: -$10,5982015Revenue 2016: $1,046,251Expenses 2016: $1,009,321Net Income 2016: $36,9302016Revenue 2017: $1,029,567Expenses 2017: $1,049,940Net Income 2017: -$20,3732017Revenue 2018: $953,456Expenses 2018: $1,022,917Net Income 2018: -$69,4612018Revenue 2019: $1,006,026Expenses 2019: $955,195Net Income 2019: $50,8312019Revenue 2020: $792,543Expenses 2020: $885,534Net Income 2020: -$92,9912020Revenue 2021: $771,716Expenses 2021: $791,495Net Income 2021: -$19,7792021Revenue 2022: $758,955Expenses 2022: $704,058Net Income 2022: $54,8972022Revenue 2023: $1,008,656Expenses 2023: $791,637Net Income 2023: $217,0192023Revenue 2024: $1,106,575Expenses 2024: $1,001,721Net Income 2024: $104,8542024Revenue 2025: $1,452,289Expenses 2025: $1,081,244Net Income 2025: $371,0452025

Highlighted filing

2022

Revenue$758,955
Expenses$704,058
Net Income$54,897
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 9, 2023
Return Version
2021v4.2
Gross Receipts
$758,955
Mission and Program Overview

Mission

To offer a full-time school in the state of massachusetts to teach an excellent cirriculum in all subjects taught in the public schools in addition to the arabic language and islamic studies. The organization currently operates the albustan preschool located in cambridge along with the malik academy elementary school located in roxbury.

The organizations mission is to offer a fulltime school in the state of massachusetts and to teach an excellent curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$140,702$203,695▲ $62,993
Accounts Receivable$75,337$50,462▼ $24,875
Savings and Temporary Cash Investments$7,000$7,739▲ $739
Land, Buildings, and Equipment, Net$14,308$5,737▼ $8,571
Pledges and Grants Receivable$5,570--
Total Assets$252,917$277,633▲ $24,716
Other Assets Total$10,000$10,000→ $0
Liabilities
Other Liabilities$175,965$175,965→ $0
Accounts Payable and Accrued Expenses$144,936$64,075▼ $80,861
Unsecured Notes Loans Payable-$198-
Total Liabilities$320,901$240,238▼ $80,663
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-67,984$37,395▲ $105,379
Total Net Assets Fund Balance$-67,984$37,395▲ $105,379
Total Liabilities and Net Assets / Fund Balance$252,917$277,633▲ $24,716

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,737$91,543$97,280
Other Assets Org$10,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mona Abo-zenaPresident
Hafsa SalimDirector
Mehdi HaoulaniDirector
Seema RathodDirector
Nadeem SyedSecretary
Hassan El-alamiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,766
Program Service Revenue
$674,189
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,182
Change in Net Assets
$54,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$373,242
Other Expenses$330,816
Total Fundraising Expense$10,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$313,220$24,094$6,884$344,198
Occupancy$135,020$10,386$2,967$148,373
Fees for Services Other$50,603$6,900-$57,503
Payroll Taxes$26,430$2,033$581$29,044
Other Expenses$22,382--$22,382
Office Expenses-$15,035-$15,035
Insurance-$9,654-$9,654
Depreciation Depletion-$8,591-$8,591
Conferences and Meetings-$2,248-$2,248
Fees for Services Accounting-$1,313-$1,313
Travel-$713-$713
Total Functional Expenses$612,659$80,967$10,432$704,058
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$165,965
Eidl Loan$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

Return is reviewed by staff and board prior to approval and submission

Part VI Line 19

UPON WRITTEN REQUEST

PART VI, SEC C LINE !(

Form 990, part vi, section c, line 19:

PART VI, SEC C LINE !(

UPON WRITTEN REQUEST

Filing and Contact Details

Filer

Filer Name
Malik Academy Inc
EIN
20-1276247
In Care Of
% MONA ABO-ZENA
Phone
6178325106
Address
808 MEMORIAL DRIVE, Cambridge, MA 02139

Signing Officer

Name
Mona Abo-zena
Title
President
Phone
6178325106
Signed
2023-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mona Abo-zena
Formed
2004
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
0

Preparer

Firm
WT Babs Tax & Accounting Servi
Address
447 Broadway, Taunton, MA 02780
Preparer
Oluwole Babalola
Phone
5085097951
Supplemental Narrative

Additional Explanations

Part 1 Line 1

Description of organization mission

Part 1 Line 1

An excellent curriculum in all subjects taught in the public schools,

Part 1 Line 1

In addition to the arabic language and islamic studies. The

Part 1 Line 1

Organization currently operates the albustan preschool and

Part 1 Line 1

The malik academy elementary school in cambridge.

Part V1, Sec B

Form 990, part v1, sec b, line 11b:

Part V1, Sec B

Return is reviewed by staff and board prior to approval and submission

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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN RECRUITMENT AND POST-ENROLLMENT MATERIALS, AND IN THE PARENT HANDBOOK (PROVIDED TO PARENTS OF ENROLLED STUDENTS).
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS REVIEWED BY STAFF AND BOARD PRIOR TO APPROVAL AND SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION OF ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN EXCELLENT CURRICULUM IN ALL SUBJECTS TAUGHT IN THE PUBLIC SCHOOLS,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN ADDITION TO THE ARABIC LANGUAGE AND ISLAMIC STUDIES. THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION CURRENTLY OPERATES THE ALBUSTAN PRESCHOOL AND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MALIK ACADEMY ELEMENTARY SCHOOL IN CAMBRIDGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART V1, SEC B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8RETURN IS REVIEWED BY STAFF AND BOARD PRIOR TO APPROVAL AND SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART 1 LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART 1 LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART 1 LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART 1 LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART 1 LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART V1, SEC B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART V1, SEC B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART VI, SEC C LINE !(
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10PART VI, SEC C LINE !(
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0252917
IRS990/TotalAssetsEOYAmt0277633
IRS990/TotalAssetsGrp/BOYAmt0252917
IRS990/TotalAssetsGrp/EOYAmt0277633
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt084766
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010432
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080967
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0612659
IRS990/TotalFunctionalExpensesGrp/TotalAmt0704058
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0320901
IRS990/TotalLiabilitiesEOYAmt0240238
IRS990/TotalLiabilitiesGrp/BOYAmt0320901
IRS990/TotalLiabilitiesGrp/EOYAmt0240238
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-67984
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037395
IRS990/TotalProgramServiceExpensesAmt0612659
IRS990/TotalProgramServiceRevenueAmt0674189
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0674189
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0758955
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0252917
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0277633
IRS990/TravelGrp/ManagementAndGeneralAmt0713
IRS990/TravelGrp/TotalAmt0713
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0198
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0808 MEMORIAL DRIVE
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002139
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0MALIKACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MONA ABO-ZENA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06178325106
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MALIK ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0MALI
ReturnHeader/Filer/EIN0201276247
ReturnHeader/Filer/InCareOfNm0% MONA ABO-ZENA
ReturnHeader/Filer/PhoneNum06178325106
ReturnHeader/Filer/USAddress/AddressLine1Txt0808 MEMORIAL DRIVE
ReturnHeader/Filer/USAddress/CityNm0Cambridge
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002139
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813559614
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WT Babs Tax & Accounting Servi
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0447 Broadway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Taunton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002780
ReturnHeader/PreparerPersonGrp/PhoneNum05085097951
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OLUWOLE BABALOLA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-06-09T15:19:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MONA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABO-ZENA
ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$0.10$0.91$1.45$1.08$0.37
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.07$0.55$1.11$1.00$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.06$0.45$1.01$0.79$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.24$0.04$0.76$0.70$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.32$0.07$0.77$0.79$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.24$0.05$0.79$0.89$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.16$0.04$1.01$0.96$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.15$0.01$0.95$1.02$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.10$0.06$1.03$1.05$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.08$0.08$1.05$1.01$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.06$0.05$1.07$1.08$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.07$0.06$0.92$0.92$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.06$0.06$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.01$0.08$0.67
2011Summary only. Only limited summary data is available for this year.$0.07$0.02$0.05$0.59$0.57$0.02
Peer Organizations

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