Civic Intelligence

ILM Academy Inc.

990 • Fiscal year 2019 • EIN 80-0200534

Aug 01, 2018 to Jul 31, 2019 • Filed on Nov 19, 2020

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

61st percentile

0.16x

Higher debt load relative to assets than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

61st percentile

7.7%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

40%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$2,095,430

Down $408,422 (-16%) from 2018

Net Assets

Up

$1,762,778

Up $631,252 (+56%) from 2018

Liabilities

Down

$332,652

Down $1,039,674 (-76%) from 2018

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin61st percentile

Revenue

Up

$2,120,775

Up $604,040 (+40%) from 2018

Expenses

Up

$1,958,160

Up $303,984 (+18%) from 2018

Net Income

Up

$162,615

Up $300,056 (+218%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2019

Assets$2,095,430
Liabilities$332,652
Net Assets$1,762,778
Open 2019 Filing

Operations Trend

Revenue Growth85th 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

2019

Revenue$2,120,775
Expenses$1,958,160
Net Income$162,615
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Nov 19, 2020
Return Version
2018v3.3
Gross Receipts
$2,120,775
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$1,728,532$1,634,260▼ $94,272
Cash and Non-Interest-Bearing Accounts$338,509$316,814▼ $21,695
Accounts Receivable$405,060$144,356▼ $260,704
Prepaid Expenses and Deferred Charges$6,714--
Total Assets$2,503,852$2,095,430▼ $408,422
Other Assets Total$25,037--
Liabilities
Deferred Revenue$1,141,880$332,652▼ $809,228
Mortgage Notes Payable Secured by Investment Property$190,300--
Accounts Payable and Accrued Expenses$40,146--
Total Liabilities$1,372,326$332,652▼ $1,039,674
Net Assets / Fund Balance
Unrestricted Net Assets$1,131,526$1,762,778▲ $631,252
Total Net Assets Fund Balance$1,131,526$1,762,778▲ $631,252
Total Liabilities and Net Assets / Fund Balance$2,503,852$2,095,430▼ $408,422

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,174,537$228,000$1,402,537
Land$397,500-$397,500
Equipment$37,186$101,831$139,017
Other Land Buildings$25,037-$25,037
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Imran BalkhiChairman
Mohamed Reza RizviDirector
Pervaiz ShaikhDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$583,243
Program Service Revenue
$1,497,520
Investment Income
$0
Other Revenue
$40,012
All Other Contributions
$583,243
Change in Net Assets
$162,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,259,562
Other Expenses$698,598
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,019,636--$1,019,636
Office Expenses$89,968$255,563-$345,531
Payroll Taxes$238,319--$238,319
Depreciation Depletion-$119,309-$119,309
Occupancy-$82,040-$82,040
Fees for Services Management$5,590$35,838-$41,428
Information Technology-$36,839-$36,839
Advertising-$21,680-$21,680
Insurance-$19,326-$19,326
Conferences and Meetings-$17,891-$17,891
Fees for Services Accounting-$13,904-$13,904
Other Employee Benefits$1,607--$1,607
All Other Expenses-$650-$650
Total Functional Expenses$1,355,120$603,040$0$1,958,160
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
Backup withholding compliance
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.”

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
Imran Balkhi
Title
Chairman
Signed
2020-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Imran Balkhi
Formed
2008
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
1
Employees
38
Volunteers
12

Preparer

Firm
Altaf Jangda LLC
Address
POBox 671004, Marietta, GA 30066
Preparer
Altaf Jangda
Phone
4046642347
Raw XML Appendix336 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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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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02503852
IRS990/TotalAssetsEOYAmt02095430
IRS990/TotalAssetsGrp/BOYAmt02503852
IRS990/TotalAssetsGrp/EOYAmt02095430
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0583243
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0603040
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01355120
IRS990/TotalFunctionalExpensesGrp/TotalAmt01958160
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01372326
IRS990/TotalLiabilitiesEOYAmt0332652
IRS990/TotalLiabilitiesGrp/BOYAmt01372326
IRS990/TotalLiabilitiesGrp/EOYAmt0332652
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01131526
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01762778
IRS990/TotalProgramServiceRevenueAmt01497520
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01497520
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02120775
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02503852
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02095430
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01131526
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01762778
IRS990/USAddress/AddressLine1Txt01200 GRIMES BRIDGE ROAD
IRS990/USAddress/CityNm0ROSWELL
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030075
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0ilm-academy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IMRAN BALKHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-19
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/AtSubmissionCreationDeviceId08F2FBE09367FD81201709398ED0FE5CE147CECF1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08F2FBE09367FD81201709398ED0FE5CE147CECF1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.204.53.172
ReturnHeader/FilingSecurityInformation/IPDt02020-11-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm003:05:45
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/PreparationDt02020-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Altaf Jangda
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-19T11:06:14-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,095,430
Liabilities
$332,652
Net assets
$1,762,778
Revenue
$2,120,775
Expenses
$1,958,160
Net income
$162,615
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
2019Detailed filing. Detailed filing data is available for this year.$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
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