Civic Intelligence

Qalam Foundation Inc

EIN 46-3530382 • 501(c)3 • Richardson, TX

Profile

TO PROVIDE GIRLS TUTION

111 Digital DrRichardson, TX 75081
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.69x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

0.17x

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

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

59th percentile

6.7%

Higher net margin than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

100th percentile

43570%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

676%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$43,670

Up $43,570 (+43570%) from 2016

Liabilities

Up

$73,801

Up $15,189 (+26%) from 2016

Net Assets

Up

-$30,131

Up $28,381 (+49%) from 2016

Revenue

Up

$425,414

Up $370,595 (+676%) from 2016

Expenses

Up

$397,035

Up $283,774 (+251%) from 2016

Net Income

Up

$28,379

Up $86,821 (+149%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50K-$100KAssets 2016: $100Liabilities 2016: $58,612Net Assets 2016: -$58,5122016Assets 2017: $43,670Liabilities 2017: $73,801Net Assets 2017: -$30,1312017

Highlighted filing

2017

Assets$43,670
Liabilities$73,801
Net Assets-$30,131

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $54,819Expenses 2016: $113,261Net Income 2016: -$58,4422016Revenue 2017: $425,414Expenses 2017: $397,035Net Income 2017: $28,3792017

Highlighted filing

2017

Revenue$425,414
Expenses$397,035
Net Income$28,379

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 26, 2018
Return Version
2017v2.2
Gross Receipts
$425,414
Mission and Program Overview

Mission

Qalam Collegiate Academy is a private faith-based middle and high school. Qalam Academy exists to empower young women to achieve their full potential through an education grounded in love forknowledge, noble values, belief in freedom and justice and deep empathy for others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100$43,670▲ $43,570
Total Assets$100$43,670▲ $43,570
Liabilities
Other Liabilities$53,672$67,875▲ $14,203
Accounts Payable and Accrued Expenses$4,938$5,926▲ $988
Total Liabilities$58,610$73,801▲ $15,191
Net Assets / Fund Balance
Unrestricted Net Assets$-58,510$-30,131▲ $28,379
Total Net Assets Fund Balance$-58,510$-30,131▲ $28,379
Total Liabilities and Net Assets / Fund Balance$100$43,670▲ $43,570
Compensation and Service Providers

Board Members and Trustees

NameTitle
Khwaja N IkramPresident
Iqra BandukdaVice President
Imran ChoudarySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$425,414
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$28,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$227,938
Other Expenses$169,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$210,646--$210,646
All Other Expenses-$31,685-$31,685
Conferences and Meetings$26,366--$26,366
Payroll Taxes$17,292--$17,292
Advertising-$2,859-$2,859
Other Expenses-$2,653-$2,653
Office Expenses-$2,494-$2,494
Fees for Services Accounting-$1,800-$1,800
Fees for Services Legal-$761-$761
Total Functional Expenses$254,304$142,731$0$397,035
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$67,875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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 governing body review Part VI line 11

It is opened its door as the first all girls Faith based School.Provide the schools purpose statement and ancillary content such as mission, vision, values, and/or beliefs. Describe how theschool embodies its purpose through its program offerings and expectations for students.Qalam Collegiate Academy exists to empower young women to achieve their full potential through an education grounded in love forknowledge, noble values, belief in freedom and justice and deep empathy for others. This purpose is supported by the mission, vision andbeliefs designated in school board policy. It is the mission of Qalam Collegiate Academy to be an educational institution where the girls willacquire religious and academic knowledge as well as develop intellectually, emotionally, socially, and We will achieve this byfollowing Islamic traditions and values; fostering a community where every girl will be confident, responsible, qualified, ethical, and aconsiderate member of the society.Recognizing that each child comes with unique strengths, challenges, and needs, Qalam Collegiate Academy in collaboration with allstakeholders adopt the vision to educate the students (girls) to be Confident in Religious Education and Advancement with Modesty.We, at Qalam Collegiate Academy, believe that 1) Student learning is the primary priority for the school;2) Each student is a valuable individual with unique physical, social, emotional, and intellectual needs3) Students learn in their respective unique and different ways and should be provided with a variety of instructional approaches to support their learning4) Mutual respect among and between students and teachers/staff will effectively foster positive relationships which lead to the physically and emotionally comfortable environment to promote student learning; 5) Parents and the community share the responsibilities with teachers for promoting and advancing the schools mission; 6)The importance of the role of the educator is unsurpassed, hence, students should be provided with caring and dynamic educators who areknowledgeable in their field of instruction; 7) Tuition should be affordable to every and each student regardless of socio-economic background. At a yearly rate of $3500, the tuition at Qalam Collegiate Academy remains very affordable compared to other Islamic Schools

Governing documents etc available to public Part VI line 19

The governing documents is ready for public

Filing and Contact Details

Filer

Filer Name
Qalam Foundation Inc
EIN
46-3530382
Address
111 Digital Dr, Richardson, TX 75081

Signing Officer

Name
Khwaja N Ikram
Title
President
Phone
2142564111
Signed
2018-02-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Iqra Bandukda
Formed
2016
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
38

Preparer

Firm
Shafiq Hasan CPA Pllc
Address
100 N CENTRAL EXPWY STE 914, Richardson, TX 75080
Preparer
Shafiq Hasan CPA
Phone
2145293544
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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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Document Assets

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