Civic Intelligence

Wasat Institute

990 • Fiscal year 2021 • EIN 27-4454449

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

Organization ProfileN/A
12234 Shadow Creek PkwyPearland, TX 77584

(713) 552-9499

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

7th percentile

-60%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$2,070

Down $3,122 (-60%) from 2020

Net Assets

Down

$2,070

Down $3,122 (-60%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $10,700 (-100%) from 2020

Expenses

Down

$3,122

Down $18,348 (-85%) from 2020

Net Income

Up

-$3,122

Up $7,648 (+71%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$300K$200K$100K$0Assets 2011: $13,880Liabilities 2011: $0Net Assets 2011: $13,8802011Assets 2012: $2,632Liabilities 2012: $0Net Assets 2012: $2,6322012Assets 2013: $16,832Liabilities 2013: $0Net Assets 2013: $16,8322013Assets 2014: $20,635Liabilities 2014: $0Net Assets 2014: $20,6352014Assets 2015: $104,570Liabilities 2015: $0Net Assets 2015: $104,5702015Assets 2016: $4,283Liabilities 2016: $120Net Assets 2016: $4,1632016Assets 2017: $217,562Liabilities 2017: $0Net Assets 2017: $217,5622017Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $5,192Liabilities 2020: $0Net Assets 2020: $5,1922020Assets 2021: $2,070Liabilities 2021: $0Net Assets 2021: $2,0702021Assets 2022: $4,654Liabilities 2022: $0Net Assets 2022: $4,6542022Assets 2023: $3,234Liabilities 2023: $0Net Assets 2023: $3,2342023Assets 2024: $3,118Liabilities 2024: $0Net Assets 2024: $3,1182024

Highlighted filing

2021

Assets$2,070
Liabilities$0
Net Assets$2,070
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $26,1202011Expenses 2012: $34,2082012Revenue 2013: $48,500Expenses 2013: $34,300Net Income 2013: $14,2002013Revenue 2014: $25,970Expenses 2014: $22,167Net Income 2014: $3,8032014Revenue 2015: $135,000Expenses 2015: $51,065Net Income 2015: $83,9352015Revenue 2016: $78,500Expenses 2016: $135,407Net Income 2016: -$56,9072016Revenue 2017: $440,000Expenses 2017: $226,601Net Income 2017: $213,3992017Revenue 2019: $78,345Expenses 2019: $153,603Net Income 2019: -$75,2582019Revenue 2020: $10,700Expenses 2020: $21,470Net Income 2020: -$10,7702020Revenue 2021: $0Expenses 2021: $3,122Net Income 2021: -$3,1222021Revenue 2022: $5,000Expenses 2022: $2,416Net Income 2022: $2,5842022Revenue 2023: $0Expenses 2023: $1,420Net Income 2023: -$1,4202023Revenue 2024: $120,000Expenses 2024: $120,116Net Income 2024: -$1162024

Highlighted filing

2021

Revenue$0
Expenses$3,122
Net Income-$3,122
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

Providing students with islamic education using interactive methods and cutting edge online technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,192$2,070▼ $3,122
Rtn Earn Endowment Incm Other Fnds$5,192$2,070▼ $3,122
Total Assets$5,192$2,070▼ $3,122
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,192$2,070▼ $3,122
Total Liabilities and Net Assets / Fund Balance$5,192$2,070▼ $3,122
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Basem HamidDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,122
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,122--$3,122
Total Functional Expenses$3,122$0$0$3,122
Fundraising, Events, and Gaming
Fundraising activities
No
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Wasat Institute
EIN
27-4454449
Address
12234 SHADOW CREEK PKWY, PEARLAND, TX 77584

Signing Officer

Name
Basem Hamid
Title
Director
Phone
2819220400
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Basem Hamid
Formed
2018
Legal Domicile
TX
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
AH CPA'S PLLC
Address
3050 POST OAK BLVD STE 550, HOUSTON, TX 77056-6534
Preparer
Anjali Arjunani
Phone
7135529499
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Charitable contribution and dues and subscription”

Form 990, Part IX, Line 11G

“Dues and subcription 622 0 0 charitable contribution 2,500 0 0 total 3,122 0 0”

Raw XML Appendix210 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/EmployeeCnt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/FormationYr02018
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
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IRS990/InfoInScheduleOPartIXInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDING STUDENTS WITH ISLAMIC EDUCATION USING INTERACTIVE METHODS AND CUTTING EDGE ONLINE TECHNOLOGY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05192
IRS990/NetAssetsOrFundBalancesEOYAmt02070
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BASEM HAMID
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CHARITABLE CONTRIBUTION AND DUES AND SUBSCRIPTION
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03122
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010700
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt07438
IRS990/PYOtherExpensesAmt014032
IRS990/PYRevenuesLessExpensesAmt0-10770
IRS990/PYTotalExpensesAmt021470
IRS990/PYTotalRevenueAmt010700
IRS990/ReconcilationRevenueExpnssAmt0-3122
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05192
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IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARITABLE CONTRIBUTION AND DUES AND SUBSCRIPTION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES AND SUBCRIPTION 622 0 0 CHARITABLE CONTRIBUTION 2,500 0 0 TOTAL 3,122 0 0
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05192
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IRS990/TotalAssetsGrp/BOYAmt05192
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/VotingMembersGoverningBodyCnt01
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BASEM HAMID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02819220400
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
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ReturnHeader/Filer/BusinessNameControlTxt0WASA
ReturnHeader/Filer/EIN0274454449
ReturnHeader/Filer/USAddress/AddressLine1Txt012234 SHADOW CREEK PKWY
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANJALI ARJUNANI
ReturnHeader/ReturnTs02022-11-07T15:55:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BASEM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAMID
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,070
Liabilities
$0
Net assets
$2,070
Revenue
$0
Expenses
$3,122
Net income
-$3,122
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.20$1.20$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.05$0.02$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.11$0.21$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.78$1.54$0.75
2017Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$4.40$2.27$2.13
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.79$1.35$0.57
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.35$0.51$0.84
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.26$0.22$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.49$0.34$0.14
2012Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.34
2011Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.26