Civic Intelligence

ILM Academy Inc.

990 • Fiscal year 2018 • EIN 80-0200534

Aug 01, 2017 to Jul 31, 2018 • Filed on Jun 15, 2019

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

82nd percentile

0.55x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

0.90x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

22nd percentile

-9.1%

Higher net margin than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

51st percentile

1.4%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-12%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$2,503,852

Up $33,929 (+1.4%) from 2017

Net Assets

Down

$1,131,526

Down $137,441 (-11%) from 2017

Liabilities

Up

$1,372,326

Up $171,370 (+14%) from 2017

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin22nd percentile

Revenue

Down

$1,516,735

Down $212,539 (-12%) from 2017

Expenses

Down

$1,654,176

Down $23,834 (-1.4%) from 2017

Net Income

Down

-$137,441

Down $188,705 (-368%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2018

Assets$2,503,852
Liabilities$1,372,326
Net Assets$1,131,526
Open 2018 Filing

Operations Trend

Revenue Growth19th 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

2018

Revenue$1,516,735
Expenses$1,654,176
Net Income-$137,441
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jun 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,516,735
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$1,647,168$1,728,532▲ $81,364
Accounts Receivable$451,972$405,060▼ $46,912
Cash and Non-Interest-Bearing Accounts$330,961$338,509▲ $7,548
Prepaid Expenses and Deferred Charges$6,714$6,714→ $0
Total Assets$2,469,923$2,503,852▲ $33,929
Other Assets Total$33,108$25,037▼ $8,071
Liabilities
Deferred Revenue$919,333$1,141,880▲ $222,547
Mortgage Notes Payable Secured by Investment Property$155,300$190,300▲ $35,000
Accounts Payable and Accrued Expenses$126,323$40,146▼ $86,177
Total Liabilities$1,200,956$1,372,326▲ $171,370
Net Assets / Fund Balance
Unrestricted Net Assets$1,268,967$1,131,526▼ $137,441
Total Net Assets Fund Balance$1,268,967$1,131,526▼ $137,441
Total Liabilities and Net Assets / Fund Balance$2,469,923$2,503,852▲ $33,929

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,183,833$214,724$1,398,557
Land$397,500-$397,500
Equipment$73,257$34,408$107,665
Other Land Buildings$72,505-$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
$88,911
Program Service Revenue
$1,427,824
Investment Income
$0
Other Revenue
$0
All Other Contributions
$88,911
Change in Net Assets
$-137,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,079,270
Other Expenses$574,906
Total Fundraising Expense$26,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$921,851$10,510-$932,361
Fees for Services Management$129,846$26,383-$156,229
Royalties$112,012$15,394$26,523$153,929
Payroll Taxes$145,846--$145,742
Depreciation Depletion$82,888$9,209-$92,097
Office Expenses-$91,300-$91,300
Insurance$18,629$39,346-$57,975
Fees for Services Accounting$650$6,874-$7,524
Payment Travel Entrtnmnt Publicly Ofcl$7,303--$7,303
Fees for Service Investment Mgmnt Fees$1,092$3,492-$4,584
Information Technology$2,505--$2,505
Other Employee Benefits$1,167--$1,167
Fees for Services Legal$460$500-$960
Travel$500--$500
Total Functional Expenses$1,424,749$203,008$26,523$1,654,176
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 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
2019-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sameer Shaikh
Formed
2008
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
42
Volunteers
43

Preparer

Firm
Altaf Jangda LLC
Address
POBox 671004, Marietta, GA 30066
Preparer
Altaf Jangda
Phone
4046642347
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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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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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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 .
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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/ExplanationTxt4THE ORGANIZATIONS DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE 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
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IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01516735
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ReturnHeader/Filer/PhoneNum06786241157
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ReturnHeader/FilingSecurityInformation/IPTm018:33:48
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Altaf Jangda LLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Altaf Jangda
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-06-15T03:43:04-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,503,852
Liabilities
$1,372,326
Net assets
$1,131,526
Revenue
$1,516,735
Expenses
$1,654,176
Net income
-$137,441
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
2018Detailed filing. Detailed filing data is available for this year.$2.50$1.37$1.13$1.52$1.65$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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