Civic Intelligence

Iqa Foundation Inc

990 • Fiscal year 2019 • EIN 26-1300145

Aug 01, 2018 to Jul 31, 2019 • Filed on Nov 24, 2019

Organization Profilewww.goodtreeacademy.org
P O Box 850994Richardson, TX 75085

(972) 836-6322

Siviq Scores

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

Liabilities / Assets

80th percentile

0.45x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.94x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

12th percentile

-9.8%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$4,519,758

Down $489,795 (-9.8%) from 2018

Net Assets

Down

$2,472,712

Down $264,836 (-9.7%) from 2018

Liabilities

Down

$2,047,046

Down $224,959 (-9.9%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin71st percentile

Revenue

Down

$2,175,756

Down $65,048 (-2.9%) from 2018

Expenses

Up

$1,866,094

Up $179,330 (+11%) from 2018

Net Income

Down

$309,662

Down $244,378 (-44%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$10M$5.0M$0Assets 2014: $482,908Liabilities 2014: $399,644Net Assets 2014: $83,2642014Assets 2015: $838,140Liabilities 2015: $343,514Net Assets 2015: $494,6262015Assets 2016: $4,149,537Liabilities 2016: $3,255,041Net Assets 2016: $894,4962016Assets 2017: $4,375,044Liabilities 2017: $3,132,200Net Assets 2017: $1,242,8442017Assets 2018: $5,009,553Liabilities 2018: $2,272,005Net Assets 2018: $2,737,5482018Assets 2019: $4,519,758Liabilities 2019: $2,047,046Net Assets 2019: $2,472,7122019Assets 2020: $4,036,800Liabilities 2020: $2,273,500Net Assets 2020: $1,763,3002020Assets 2021: $4,534,791Liabilities 2021: $2,174,486Net Assets 2021: $2,360,3052021Assets 2022: $4,752,473Liabilities 2022: $1,822,215Net Assets 2022: $2,930,2582022Assets 2023: $4,977,506Liabilities 2023: $1,754,360Net Assets 2023: $3,223,1462023Assets 2024: $6,551,755Liabilities 2024: $1,681,073Net Assets 2024: $4,870,6822024Assets 2025: $8,510,529Liabilities 2025: $1,608,247Net Assets 2025: $6,902,2822025

Highlighted filing

2019

Assets$4,519,758
Liabilities$2,047,046
Net Assets$2,472,712
Open 2019 Filing

Operations Trend

Revenue Growth32nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2014: $1,367,802Expenses 2014: $1,225,647Net Income 2014: $142,1552014Revenue 2015: $1,543,966Expenses 2015: $1,314,439Net Income 2015: $229,5272015Revenue 2016: $1,889,421Expenses 2016: $1,504,294Net Income 2016: $385,1272016Revenue 2017: $1,998,954Expenses 2017: $1,587,098Net Income 2017: $411,8562017Revenue 2018: $2,240,804Expenses 2018: $1,686,764Net Income 2018: $554,0402018Revenue 2019: $2,175,756Expenses 2019: $1,866,094Net Income 2019: $309,6622019Revenue 2020: $2,465,572Expenses 2020: $2,054,183Net Income 2020: $411,3892020Revenue 2021: $2,375,665Expenses 2021: $1,905,960Net Income 2021: $469,7052021Revenue 2022: $2,469,464Expenses 2022: $1,888,410Net Income 2022: $581,0542022Revenue 2023: $3,092,515Expenses 2023: $2,423,603Net Income 2023: $668,9122023Revenue 2024: $2,956,558Expenses 2024: $2,619,661Net Income 2024: $336,8972024Revenue 2025: $3,101,489Expenses 2025: $2,861,611Net Income 2025: $239,8782025

Highlighted filing

2019

Revenue$2,175,756
Expenses$1,866,094
Net Income$309,662
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Nov 24, 2019
Return Version
2018v3.1
Gross Receipts
$2,175,756
Mission and Program Overview

Mission

Cultivating the next generation of american muslim scholars

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,001,591$3,930,503▼ $71,088
Cash and Non-Interest-Bearing Accounts$719,431$283,266▼ $436,165
Intangible Assets$280,000$280,000→ $0
Investments in Publicly Traded Securities$8,531$25,989▲ $17,458
Total Assets$5,009,553$4,519,758▼ $489,795
Liabilities
Other Liabilities$2,242,881$2,017,922▼ $224,959
Deferred Revenue$29,124$29,124→ $0
Total Liabilities$2,272,005$2,047,046▼ $224,959
Net Assets / Fund Balance
Unrestricted Net Assets$2,737,548$2,472,712▼ $264,836
Total Net Assets Fund Balance$2,737,548$2,472,712▼ $264,836
Total Liabilities and Net Assets / Fund Balance$5,009,553$4,519,758▼ $489,795

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,847,824$207,118$4,054,942
Equipment$34,471$61,794$96,265
Leasehold Improvements$48,208$3,444$51,652
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Zubair IkramChairman
Tariq YoonasChairman Emeritus
Saadia MuzaffarVice Chairman
Imran HafeezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$679,042
Program Service Revenue
$1,496,714
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$309,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,178,810
Other Expenses$687,284
Total Fundraising Expense$103,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$952,976--$952,976
Payroll Taxes$225,834--$225,834
Interest-$200,545-$200,545
Occupancy$150,049--$150,049
All Other Expenses$69,932$48,156-$118,088
Insurance-$17,827-$17,827
Fees for Services Other$16,828--$16,828
Office Expenses-$16,784-$16,784
Advertising$10,305--$10,305
Other Expenses$6,963-$103,902$6,963
Fees for Services Accounting-$4,200-$4,200
Travel-$2,067-$2,067
Total Functional Expenses$1,472,613$289,579$103,902$1,866,094
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2018$679,042$679,042-$679,042
Total Events$679,042$679,042-$679,042
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan from Bank of Whittier$1,146,482
Qarde e Hasana$412,000
Third party loans$250,000
Loan Bank of Whittier$167,964
Loan from Tariq Yoonas$40,000
Owner Financing$20,625
Credit Cards$-19,149
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The governing body reviews Form 990 before filing”

CEO executive director top management comp Part VI line 15A

“Top management compensation is reviewed by the Board”

Other officer or key employee compensation Part VI line 15B

“Key employee compensation is reviewed by the Board”

Governing documents etc available to public Part VI line 19

“Governing documents are available to public upon request”

Filing and Contact Details

Filer

Filer Name
IQA Foundation Inc
EIN
26-1300145
Address
P O Box 850994, Richardson, TX 75085
Doing Business As
Good Tree Academy

Signing Officer

Name
Imran Hafeez
Title
Teasurer
Phone
2142230768
Signed
2019-11-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Tariq Yoonas
Formed
2007
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
55

Preparer

Firm
PAS Tax & Bookkeeping Service LLC
Address
9998 Red Cedar Dr, Frisco, TX 75035
Preparer
Abdul H Khan
Phone
2149149086
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“New School Building”

Raw XML Appendix370 raw XML fields

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/Desc0Good Tree Academy is an educational institution open to students of pre-school through 12th grade. The school seeks to develop the whole-child through a balance of Islamic Guidance and study of conventinal subjects. The curricullum incorporates subjects that promote leadership and scholarship across the board so the individual child is successful.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Chairman Emeritus
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body reviews Form 990 before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Top management compensation is reviewed by the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Key employee compensation is reviewed by the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available to public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4New School Building
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0679042
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0103902
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0289579
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01472613
IRS990/TotalFunctionalExpensesGrp/TotalAmt01866094
IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt01496714
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01496714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02175756
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04519758
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ManagementAndGeneralAmt02067
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
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IRS990/WebsiteAddressTxt0www.goodtreeacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Imran Hafeez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Teasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02142230768
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IQA Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0IQAF
ReturnHeader/Filer/EIN0261300145
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 850994
ReturnHeader/Filer/USAddress/CityNm0Richardson
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075085
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBC83C251E86D139997D0C023246F330754E978D
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId08086252019350p1entcl
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-12-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.242.78.8
ReturnHeader/FilingSecurityInformation/IPDt02019-12-16
ReturnHeader/FilingSecurityInformation/IPTm020:35:27
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAS Tax & Bookkeeping Service LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09998 Red Cedar Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Frisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075035
ReturnHeader/PreparerPersonGrp/PhoneNum02149149086
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Abdul H Khan
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-12-16T20:32:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,519,758
Liabilities
$2,047,046
Net assets
$2,472,712
Revenue
$2,175,756
Expenses
$1,866,094
Net income
$309,662
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.51$1.61$6.90$3.10$2.86$0.24
2024Detailed filing. Detailed filing data is available for this year.$6.55$1.68$4.87$2.96$2.62$0.34
2023Detailed filing. Detailed filing data is available for this year.$4.98$1.75$3.22$3.09$2.42$0.67
2022Detailed filing. Detailed filing data is available for this year.$4.75$1.82$2.93$2.47$1.89$0.58
2021Detailed filing. Detailed filing data is available for this year.$4.53$2.17$2.36$2.38$1.91$0.47
2020Detailed filing. Detailed filing data is available for this year.$4.04$2.27$1.76$2.47$2.05$0.41
2019Detailed filing. Detailed filing data is available for this year.$4.52$2.05$2.47$2.18$1.87$0.31
2018Detailed filing. Detailed filing data is available for this year.$5.01$2.27$2.74$2.24$1.69$0.55
2017Detailed filing. Detailed filing data is available for this year.$4.38$3.13$1.24$2.00$1.59$0.41
2016Detailed filing. Detailed filing data is available for this year.$4.15$3.26$0.89$1.89$1.50$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.34$0.49$1.54$1.31$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.40$0.08$1.37$1.23$0.14