Civic Intelligence

Iqa Foundation Inc

990 • Fiscal year 2020 • EIN 26-1300145

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 14, 2021

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

(972) 849-7182

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.56x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.92x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

69th percentile

17%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$4,036,800

Down $482,958 (-11%) from 2019

Net Assets

Down

$1,763,300

Down $709,412 (-29%) from 2019

Liabilities

Up

$2,273,500

Up $226,454 (+11%) from 2019

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin69th percentile

Revenue

Up

$2,465,572

Up $289,816 (+13%) from 2019

Expenses

Up

$2,054,183

Up $188,089 (+10%) from 2019

Net Income

Up

$411,389

Up $101,727 (+33%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2020

Assets$4,036,800
Liabilities$2,273,500
Net Assets$1,763,300
Open 2020 Filing

Operations Trend

Revenue Growth69th 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

2020

Revenue$2,465,572
Expenses$2,054,183
Net Income$411,389
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 14, 2021
Return Version
2019v5.1
Gross Receipts
$2,465,572
Mission and Program Overview

Mission

Cultivating the next generation of american muslim scholars

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,930,503$3,859,068▼ $71,435
Intangible Assets$280,000--
Investments in Publicly Traded Securities$15,031$108,593▲ $93,562
Cash and Non-Interest-Bearing Accounts$283,266$69,139▼ $214,127
Total Assets$4,508,800$4,036,800▼ $472,000
Liabilities
Other Liabilities$2,017,922$2,273,500▲ $255,578
Deferred Revenue$29,124--
Total Liabilities$2,047,046$2,273,500▲ $226,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,461,754$1,763,300▼ $698,454
Total Net Assets Fund Balance$2,461,754$1,763,300▼ $698,454
Total Liabilities and Net Assets / Fund Balance$4,508,800$4,036,800▼ $472,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,816,377$206,291-
Other Land Buildings$619$3,700-
Equipment$11,083$66,500-
Leasehold Improvements$30,989$20,664-
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Syed HuqChairman
Aamir PanjwaniTrustee
Shafiq DharamsiTrustee
Talha HashmiTrustee
Cynthia SiddiquiSecretary
Kamran HosainTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$763,545
Program Service Revenue
$1,699,482
Investment Income
$1,695
Other Revenue
$850
Change in Net Assets
$411,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,416,312
Other Expenses$637,871
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,151,436--$1,151,436
All Other Expenses$512,826--$512,826
Payroll Taxes$264,876--$264,876
Interest$37,429--$37,429
Insurance$22,214--$22,214
Advertising$20,300--$20,300
Office Expenses$2,878--$2,878
Fees for Services Accounting$2,750--$2,750
Fees for Services Legal$350--$350
Other Expenses$320--$320
Fees for Services Other$250--$250
Total Functional Expenses$2,054,183$0$0$2,054,183
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
Ramadan Fund$356,064$356,064$18,733$337,331
Year-end$62,019$62,019-$62,019
Total Events$418,083$418,083$18,733$399,350
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Yzki Enrichment Fund$1,203,500
Bank of Whitter Replacement - Loan$550,000
Qard-e-hasana$300,000
Al-furqan Foundation - Loan$220,000
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
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
Kamran Hosain
Title
Treasurer
Phone
9728497182
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kamran Hosain
Formed
2007
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
83

Preparer

Firm
Ferdous Sikder CPA Pllc
Address
811 S CENTRAL EXPY STE 205, Richardson, TX 75080
Preparer
Ferdous Sikder CPA
Phone
2142279592
Supplemental Narrative

Additional Explanations

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

“Changes in assets:1. Endowment funds increased2. Intangible assets decreased3. Fixed asset value decreased (due to depreciation)changes in liabilities:1. Deferred revenue decreased2. Other liabliities increased”

List of other expenses Part IX line 24E

“Equipment rental $8,200field trips $845landscaping $3,288license & permits $4,960merchant account_ fees $10,506outside_ services $7,297pest control $1,252postage $1,660ramadan campaign $18,733repairs & maintenance $13,440school supplies $299,674science lab equipment $101security $42,133utilities $15,484yzki rent 54,460fundraising $30,429”

Raw XML Appendix379 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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IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt051653
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0619
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03700
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt04319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0220000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1550000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2300000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31203500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AL-FURQAN FOUNDATION - LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BANK OF WHITTER REPLACEMENT - LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2QARD-E-HASANA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3YZKI ENRICHMENT FUND
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03859068
IRS990ScheduleD/TotalLiabilityAmt02273500
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018733
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAMADAN FUND
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0YEAR-END
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0356064
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt062019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0418083
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0356064
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt062019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0418083
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0399350
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018733
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018733
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt4CHANGES IN ASSETS:1. ENDOWMENT FUNDS INCREASED2. INTANGIBLE ASSETS DECREASED3. FIXED ASSET VALUE DECREASED (DUE TO DEPRECIATION)CHANGES IN LIABILITIES:1. DEFERRED REVENUE DECREASED2. OTHER LIABLIITIES INCREASED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EQUIPMENT RENTAL $8,200FIELD TRIPS $845LANDSCAPING $3,288LICENSE & PERMITS $4,960MERCHANT ACCOUNT_ FEES $10,506OUTSIDE_ SERVICES $7,297PEST CONTROL $1,252POSTAGE $1,660RAMADAN CAMPAIGN $18,733REPAIRS & MAINTENANCE $13,440SCHOOL SUPPLIES $299,674SCIENCE LAB EQUIPMENT $101SECURITY $42,133UTILITIES $15,484YZKI RENT 54,460FUNDRAISING $30,429
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04508800
IRS990/TotalAssetsEOYAmt04036800
IRS990/TotalAssetsGrp/BOYAmt04508800
IRS990/TotalAssetsGrp/EOYAmt04036800
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0763545
IRS990/TotalEmployeeCnt083
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02054183
IRS990/TotalFunctionalExpensesGrp/TotalAmt02054183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02047046
IRS990/TotalLiabilitiesEOYAmt02273500
IRS990/TotalLiabilitiesGrp/BOYAmt02047046
IRS990/TotalLiabilitiesGrp/EOYAmt02273500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02461754
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01763300
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02054183
IRS990/TotalProgramServiceRevenueAmt01699482
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01702027
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02465572
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04508800
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04036800
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.goodtreeacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAMRAN HOSAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09728497182
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-14
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
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452688281
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FERDOUS SIKDER CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0811 S CENTRAL EXPY STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Richardson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075080
ReturnHeader/PreparerPersonGrp/PhoneNum02142279592
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FERDOUS SIKDER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-06-15T19:51:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,036,800
Liabilities
$2,273,500
Net assets
$1,763,300
Revenue
$2,465,572
Expenses
$2,054,183
Net income
$411,389
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