Civic Intelligence

ILM Academy Inc.

990 • Fiscal year 2017 • EIN 80-0200534

Aug 01, 2016 to Jul 31, 2017 • Filed on Jun 11, 2018

Organization Profileilm-academy.com
1200 Grimes Bridge RoadRoswell, GA 30075

(678) 624-1157

Siviq Scores

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

Liabilities / Assets

79th percentile

0.49x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.69x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

50th percentile

3.0%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-5.4%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

0.4%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$2,469,923

Down $139,650 (-5.4%) from 2016

Net Assets

Up

$1,268,967

Up $51,264 (+4.2%) from 2016

Liabilities

Down

$1,200,956

Down $190,914 (-14%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin50th percentile

Revenue

Up

$1,729,274

Up $6,892 (+0.4%) from 2016

Expenses

Up

$1,678,010

Up $80,593 (+5.0%) from 2016

Net Income

Down

$51,264

Down $73,701 (-59%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $36,986Liabilities 2010: $33,6152010Assets 2011: $127,306Liabilities 2011: $134,917Net Assets 2011: -$7,6112011Assets 2012: $201,402Liabilities 2012: $199,115Net Assets 2012: $2,2872012Assets 2013: $1,535,431Liabilities 2013: $797,706Net Assets 2013: $737,7252013Assets 2014: $1,670,770Liabilities 2014: $743,940Net Assets 2014: $926,8302014Assets 2015: $1,796,469Liabilities 2015: $703,731Net Assets 2015: $1,092,7382015Assets 2016: $2,609,573Liabilities 2016: $1,391,870Net Assets 2016: $1,217,7032016Assets 2017: $2,469,923Liabilities 2017: $1,200,956Net Assets 2017: $1,268,9672017Assets 2018: $2,503,852Liabilities 2018: $1,372,326Net Assets 2018: $1,131,5262018Assets 2019: $2,095,430Liabilities 2019: $332,652Net Assets 2019: $1,762,7782019Assets 2021: $2,125,600Liabilities 2021: $565,286Net Assets 2021: $1,560,3142021Assets 2022: $2,444,479Liabilities 2022: $456,467Net Assets 2022: $1,988,0122022Assets 2023: $3,242,530Liabilities 2023: $1,063,119Net Assets 2023: $2,179,4112023Assets 2024: $3,573,712Liabilities 2024: $97,455Net Assets 2024: $3,476,2572024

Highlighted filing

2017

Assets$2,469,923
Liabilities$1,200,956
Net Assets$1,268,967
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $388,467Expenses 2010: $374,613Net Income 2010: $13,8542010Revenue 2011: $509,645Expenses 2011: $495,191Net Income 2011: $14,4542011Expenses 2012: $714,3052012Expenses 2013: $772,1432013Revenue 2014: $1,183,606Expenses 2014: $994,501Net Income 2014: $189,1052014Revenue 2015: $1,316,865Expenses 2015: $1,150,957Net Income 2015: $165,9082015Revenue 2016: $1,722,382Expenses 2016: $1,597,417Net Income 2016: $124,9652016Revenue 2017: $1,729,274Expenses 2017: $1,678,010Net Income 2017: $51,2642017Revenue 2018: $1,516,735Expenses 2018: $1,654,176Net Income 2018: -$137,4412018Revenue 2019: $2,120,775Expenses 2019: $1,958,160Net Income 2019: $162,6152019Revenue 2021: $1,473,806Expenses 2021: $1,619,530Net Income 2021: -$145,7242021Revenue 2022: $2,483,503Expenses 2022: $2,055,805Net Income 2022: $427,6982022Revenue 2023: $2,594,451Expenses 2023: $2,403,052Net Income 2023: $191,3992023Revenue 2024: $4,110,347Expenses 2024: $3,398,835Net Income 2024: $711,5122024

Highlighted filing

2017

Revenue$1,729,274
Expenses$1,678,010
Net Income$51,264
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 11, 2018
Return Version
2016v3.0
Gross Receipts
$1,729,274
Mission and Program Overview

Mission

Ilm academys mission is to provide religious based education services to children in the metropolitan

Ilm academys mission is to provide religious based educational services to children in the metropolitan atanta, georgia area. Ilm provides services for children pre-kindergarten through eighth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,625,733$1,647,168▲ $21,435
Accounts Receivable$805,566$451,972▼ $353,594
Cash and Non-Interest-Bearing Accounts$161,782$330,961▲ $169,179
Prepaid Expenses and Deferred Charges$16,492$6,714▼ $9,778
Total Assets$2,609,573$2,469,923▼ $139,650
Other Assets Total-$33,108-
Liabilities
Deferred Revenue$1,001,520$919,333▼ $82,187
Mortgage Notes Payable Secured by Investment Property$270,300$155,300▼ $115,000
Accounts Payable and Accrued Expenses$120,050$126,323▲ $6,273
Total Liabilities$1,391,870$1,200,956▼ $190,914
Net Assets / Fund Balance
Unrestricted Net Assets$1,217,703$1,268,967▲ $51,264
Total Net Assets Fund Balance$1,217,703$1,268,967▲ $51,264
Total Liabilities and Net Assets / Fund Balance$2,609,573$2,469,923▼ $139,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,183,833$214,724$1,398,557
Land$397,500-$397,500
Equipment$27,479$80,186$107,665
Other Land Buildings$36,919$35,586$72,505
Leasehold Improvements$1,437$2,543$3,980
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Imran BalkhiChairman
Amir AhmedDirector
Pervaiz ShaikhDirector
Reza RizviDirector
Samir ShammaDirector
Ali RizviSecretary
Sameer ShaikhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$67,550
Program Service Revenue
$1,661,724
Investment Income
$0
Other Revenue
$0
All Other Contributions
$67,550
Change in Net Assets
$51,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,057,448
Other Expenses$620,562
Total Fundraising Expense$14,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,031,437$25,426$585$1,057,448
Occupancy$156,282$14,529$990$171,801
Depreciation Depletion$82,888$9,209-$92,097
Conferences and Meetings$47,906$5,962-$53,868
Advertising$25,059$6,463$13,029$44,551
Fees for Services Management-$39,426-$39,426
Travel$32,903--$32,903
Fees for Services Other$24,028$5,453-$29,481
Insurance$23,188$571-$23,759
Fees for Services Accounting-$13,700-$13,700
Other Expenses$2,118$2,743-$2,118
Total Functional Expenses$1,539,924$123,482$14,604$1,678,010
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line Line 11B

“The form 990 was reviewed by the treasurer of the board of directors before filing and is made available to all members of the board of directors.”

Form 990, Part VI, Line Line 12C

“All board members review the conflict of interest policy on an annual basis and officers personal knowledge of board members activities are relied upon to monitor adherence to the policy. The policy requires that an actual or potential conflict of interest be reported in writing to the board of directors or relevant committee whenever a conflict does or may exist.”

Form 990, Part VI, Line Line 15A

“The principal s compensation is reviewed by the independent board of directors on an annual basis . The compensation is based on information obtained of similar positions in other private schools of comparable size and geographic loaction . Officers of the board of directors do not recei ve compensation , nor do non officer board members. There are no key employees as defined for form 990.”

Form 990, Part VI, Line Line 19

“The organizations documents are made available to the public upon request.”

Form 990, Part VI, Line Line 15B

“See pt . Vi, line 15a note above .”

Filing and Contact Details

Filer

Filer Name
Ilm Academy Inc
EIN
80-0200534
Phone
6786241157
Address
1200 GRIMES BRIDGE ROAD, ROSWELL, GA 30075
Doing Business As
Ilm Academy

Signing Officer

Name
Sameer Shaikh
Title
Treasurer
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sameer Shaikh
Formed
2008
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
41
Volunteers
70

Preparer

Firm
Altaf Jangda LLC
Address
POBox 671004, Marietta, GA 30066
Preparer
Altaf Jangda
Phone
4046642347
Supplemental Narrative

Financial Statement Notes

XII

“ILM IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501c 3 OF THE I NTERNAL REVENUE CONDE IRC . HOWEVER, ILM IS SUBJECT TO IRC SECTION 311a FOR INCOME TAXES ON UNRELATED BUSINESS INCOME. ILM HAD NO TAX LIABILITY AS OF JULY 31, 2016 AND 2015. ILM HAS EVALUATED ALL TAX POSITIONS TAKEN ON ITS TAX RETURNS AND BELIEVES THAT ALL POSITIONS ARE 00RE LIKELY-THAN-NOT TO BE SUSTAI NED UPON EXAMINATION. CURRENTLY, TAX fEARS PRIOR TO 2012 ARE NO LONGER OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ILM IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE RGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE.”

Raw XML AppendixShowing 400 of 405 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0120050
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0126323
IRS990/AccountsReceivableGrp/BOYAmt0805566
IRS990/AccountsReceivableGrp/EOYAmt0451972
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ILM ACADEMYS MISSION IS TO PROVIDE RELIGIOUS BASED EDUCATIONAL SERVICES TO CHILDREN IN THE METROPOLITAN ATANTA, GEORGIA AREA. ILM PROVIDES SERVICES FOR CHILDREN PRE-KINDERGARTEN THROUGH EIGHTH GRADE.
IRS990/AdvertisingGrp/FundraisingAmt013029
IRS990/AdvertisingGrp/ManagementAndGeneralAmt06463
IRS990/AdvertisingGrp/ProgramServicesAmt025059
IRS990/AdvertisingGrp/TotalAmt044551
IRS990/AllOtherContributionsAmt067550
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0SAMEER SHAIKH
IRS990/BooksInCareOfDetail/PhoneNum06786241157
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 GRIMES BRIDGE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROSWELL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030075
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0161782
IRS990/CashNonInterestBearingGrp/EOYAmt0330961
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt05962
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt047906
IRS990/ConferencesMeetingsGrp/TotalAmt053868
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt067550
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0620562
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01661724
IRS990/CYRevenuesLessExpensesAmt051264
IRS990/CYSalariesCompEmpBnftPaidAmt01057448
IRS990/CYTotalExpensesAmt01678010
IRS990/CYTotalFundraisingExpenseAmt014604
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01729274
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01001520
IRS990/DeferredRevenueGrp/EOYAmt0919333
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt09209
IRS990/DepreciationDepletionGrp/ProgramServicesAmt082888
IRS990/DepreciationDepletionGrp/TotalAmt092097
IRS990/Desc0ILM ACADEMY PROVIDES RELIGIOUS BASED EDUCATIONAL SERVICES TO CHILDREN IN THE METROPOLITAN ATLANTA, GEORGIA AREA. ILM FOCUSES ON TEACHING ACADEMICS, SPECIALIZING IN THE SUBJECTS OF MATHEMATICS, SCIENCES, AND ARABIC STUDIES. ILM PROVIDES SERVICES FOR CHILDREN PRE-KINDERGARTEN THROUGH EIGHT GRADE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0ILM ACADEMY
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt041
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01539924
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013700
IRS990/FeesForServicesAccountingGrp/TotalAmt013700
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt039426
IRS990/FeesForServicesManagementGrp/TotalAmt039426
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05453
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt024028
IRS990/FeesForServicesOtherGrp/TotalAmt029481
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0006.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1004.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2004.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3004.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4004.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5004.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6004.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0IMRAN BALKHI
IRS990/Form990PartVIISectionAGrp/PersonNm1SAMEER SHAIKH
IRS990/Form990PartVIISectionAGrp/PersonNm2ALI RIZVI
IRS990/Form990PartVIISectionAGrp/PersonNm3SAMIR SHAMMA
IRS990/Form990PartVIISectionAGrp/PersonNm4PERVAIZ SHAIKH
IRS990/Form990PartVIISectionAGrp/PersonNm5AMIR AHMED
IRS990/Form990PartVIISectionAGrp/PersonNm6REZA RIZVI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01729274
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0571
IRS990/InsuranceGrp/ProgramServicesAmt023188
IRS990/InsuranceGrp/TotalAmt023759
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0333039
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01625733
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01647168
IRS990/LandBldgEquipCostOrOtherBssAmt01980207
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ILM ACADEMYS MISSION IS TO PROVIDE RELIGIOUS BASED EDUCATION SERVICES TO CHILDREN IN THE METROPOLITAN
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0270300
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0155300
IRS990/NetAssetsOrFundBalancesBOYAmt01217703
IRS990/NetAssetsOrFundBalancesEOYAmt01268967
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0990
IRS990/OccupancyGrp/ManagementAndGeneralAmt014529
IRS990/OccupancyGrp/ProgramServicesAmt0156282
IRS990/OccupancyGrp/TotalAmt0171801
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt033108
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Bank Charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02743
IRS990/OtherExpensesGrp/ProgramServicesAmt0114115
IRS990/OtherExpensesGrp/ProgramServicesAmt12118
IRS990/OtherExpensesGrp/TotalAmt0116858
IRS990/OtherExpensesGrp/TotalAmt12118
IRS990/OtherInd0X
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0585
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025426
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01031437
IRS990/OtherSalariesAndWagesGrp/TotalAmt01057448
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016492
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06714
IRS990/PrincipalOfficerNm0SAMEER SHAIKH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01661724
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0201166
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0681939
IRS990/PYProgramServiceRevenueAmt01521216
IRS990/PYRevenuesLessExpensesAmt0124965
IRS990/PYSalariesCompEmpBnftPaidAmt0915478
IRS990/PYTotalExpensesAmt01597417
IRS990/PYTotalRevenueAmt01722382
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt051264
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01661724
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01183833
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0214724
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01398557
IRS990ScheduleD/EquipmentGrp/BookValueAmt027479
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080186
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0107665
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0397500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0397500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01437
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02543
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03980
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036919
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035586
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ILM IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501c 3 OF THE I NTERNAL REVENUE CONDE IRC . HOWEVER, ILM IS SUBJECT TO IRC SECTION 311a FOR INCOME TAXES ON UNRELATED BUSINESS INCOME. ILM HAD NO TAX LIABILITY AS OF JULY 31, 2016 AND 2015. ILM HAS EVALUATED ALL TAX POSITIONS TAKEN ON ITS TAX RETURNS AND BELIEVES THAT ALL POSITIONS ARE 00RE LIKELY-THAN-NOT TO BE SUSTAI NED UPON EXAMINATION. CURRENTLY, TAX fEARS PRIOR TO 2012 ARE NO LONGER OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ILM IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE RGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01647168
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ILM CUSTIMARILY DRAWS STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIAL NONDISCRIMINATION POLICY AS TO STUDENTS. THEREFORE, IN ACCORDANCE WITH INTERNAL REVENUE SERVICE REVENUE PROCEDURE 75- 50 SECTION 4.03 SUBSECTION 2C, THE PUBLICITY REQUIREMENTS RELATED TO THIS QUESTION ARE SATISFIED BY THE ORGANIZATIONS INCLUSION OF A STATEMENT OF ITS RACIAL NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN ALL WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT DEAL WITH STUDENT ADMISSIONS PROGRAMS .
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ILM INCLUDES AN OPTIONAL QUESTION OR RACE ON STUDENT APPLICATIONS. THIS IS NOT REQUIRED INFORMATION AND IS NOT REQUIRED FOR FACULTY OR STAFF TO DISCLOSE RACE OR ETHNIC BACKGROUND .
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc03
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc14d
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE TREASURER OF THE BOARD OF DIRECTORS BEFORE FILING AND IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND OFFICERS PERSONAL KNOWLEDGE OF BOARD MEMBERS ACTIVITIES ARE RELIED UPON TO MONITOR ADHERENCE TO THE POLICY. THE POLICY REQUIRES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BE REPORTED IN WRITING TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE WHENEVER A CONFLICT DOES OR MAY EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL S COMPENSATION IS REVIEWED BY THE INDEPENDENT BOARD OF DIRECTORS ON AN ANNUAL BASIS . THE COMPENSATION IS BASED ON INFORMATION OBTAINED OF SIMILAR POSITIONS IN OTHER PRIVATE SCHOOLS OF COMPARABLE SIZE AND GEOGRAPHIC LOACTION . OFFICERS OF THE BOARD OF DIRECTORS DO NOT RECEI VE COMPENSATION , NOR DO NON OFFICER BOARD MEMBERS. THERE ARE NO KEY EMPLOYEES AS DEFINED FOR FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE PT . VI, LINE 15A NOTE ABOVE .
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line Line 15b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02609573
IRS990/TotalAssetsEOYAmt02469923
IRS990/TotalAssetsGrp/BOYAmt02609573
IRS990/TotalAssetsGrp/EOYAmt02469923
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt067550
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014604
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123482
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01539924
IRS990/TotalFunctionalExpensesGrp/TotalAmt01678010
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01391870
IRS990/TotalLiabilitiesEOYAmt01200956
IRS990/TotalLiabilitiesGrp/BOYAmt01391870
IRS990/TotalLiabilitiesGrp/EOYAmt01200956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01217703
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01268967
IRS990/TotalProgramServiceExpensesAmt01539924
IRS990/TotalProgramServiceRevenueAmt01661724
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01729274
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02609573
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02469923
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt032903
IRS990/TravelGrp/TotalAmt032903
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01217703
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01268967
IRS990/USAddress/AddressLine1Txt01200 GRIMES BRIDGE ROAD
IRS990/USAddress/CityNm0ROSWELL
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030075
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0ilm-academy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAMEER SHAIKH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILM ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0ILMA
ReturnHeader/Filer/EIN0800200534
ReturnHeader/Filer/PhoneNum06786241157
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 GRIMES BRIDGE ROAD
ReturnHeader/Filer/USAddress/CityNm0ROSWELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030075
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FB3BEB4235DACED92773AA507C49CFAD7E582658
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FB3BEB4235DACED92773AA507C49CFAD7E582658
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.199.175.106
ReturnHeader/FilingSecurityInformation/IPDt02018-06-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm020:33:23
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Altaf Jangda LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POBox 671004
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marietta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030066
ReturnHeader/PreparerPersonGrp/PhoneNum04046642347
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Altaf Jangda
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,469,923
Liabilities
$1,200,956
Net assets
$1,268,967
Revenue
$1,729,274
Expenses
$1,678,010
Net income
$51,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.10$3.48$4.11$3.40$0.71
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$1.06$2.18$2.59$2.40$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.46$1.99$2.48$2.06$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.57$1.56$1.47$1.62$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.33$1.76$2.12$1.96$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$1.37$1.13$1.52$1.65$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.47$1.20$1.27$1.73$1.68$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.61$1.39$1.22$1.72$1.60$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.80$0.70$1.09$1.32$1.15$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.67$0.74$0.93$1.18$0.99$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.80$0.74$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.20$0.00$0.71
2011Summary only. Only limited summary data is available for this year.$0.13$0.13$0.01$0.51$0.50$0.01
2010Summary only. Only limited summary data is available for this year.$0.04$0.03$0.39$0.37$0.01