Civic Intelligence

ILM Academy Inc.

990 • Fiscal year 2023 • EIN 80-0200534

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 15, 2024

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

76th percentile

0.33x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

57th percentile

7.4%

Higher net margin than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

84th percentile

33%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.5%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$3,242,530

Up $798,051 (+33%) from 2022

Net Assets

Up

$2,179,411

Up $191,399 (+9.6%) from 2022

Liabilities

Up

$1,063,119

Up $606,652 (+133%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin57th percentile

Revenue

Up

$2,594,451

Up $110,948 (+4.5%) from 2022

Expenses

Up

$2,403,052

Up $347,247 (+17%) from 2022

Net Income

Down

$191,399

Down $236,299 (-55%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2023

Assets$3,242,530
Liabilities$1,063,119
Net Assets$2,179,411
Open 2023 Filing

Operations Trend

Revenue Growth46th 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

2023

Revenue$2,594,451
Expenses$2,403,052
Net Income$191,399
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,594,451
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$1,425,356$1,829,735▲ $404,379
Cash and Non-Interest-Bearing Accounts$505,183$1,149,435▲ $644,252
Accounts Receivable$209,493$251,467▲ $41,974
Prepaid Expenses and Deferred Charges$301,630$25,037▼ $276,593
Savings and Temporary Cash Investments$2,817--
Total Assets$2,444,479$3,242,530▲ $798,051
Other Assets Total-$-13,144-
Liabilities
Accounts Payable and Accrued Expenses$80,309$657,611▲ $577,302
Deferred Revenue$376,158$405,508▲ $29,350
Total Liabilities$456,467$1,063,119▲ $606,652
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,988,012$2,179,411▲ $191,399
Total Net Assets Fund Balance$1,988,012$2,179,411▲ $191,399
Total Liabilities and Net Assets / Fund Balance$2,444,479$3,242,530▲ $798,051

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,412,106$500,608$1,398,557
Land$397,500-$397,500
Equipment$11,928$95,737$107,665
Other Land Buildings$8,034$64,471$72,505
Leasehold Improvements$167$3,813$3,980
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Imran BalkhiChairman
Mir AhmedDirector
Pervaiz ShaikhDirector
Reza RizviDirector
Sameer ShaikhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$469,695
Program Service Revenue
$2,124,756
Investment Income
$0
Other Revenue
$0
All Other Contributions
$469,695
Change in Net Assets
$191,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,571,211
Other Expenses$831,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,256,772--$1,256,772
Office Expenses$224,992$458,912-$683,904
Payroll Taxes$314,439--$314,439
Information Technology$49,929--$49,929
Advertising$31,110$6,969-$38,079
Insurance-$28,268-$28,268
Other Expenses$23,723--$23,723
Fees for Services Accounting$7,938--$7,938
Total Functional Expenses$1,908,903$494,149$0$2,403,052
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 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
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 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.”

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
Phone
6786241157
Signed
2024-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Imran Balkhi
Formed
2008
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
1
Employees
54
Volunteers
20

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/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01829735
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL 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/ExplanationTxt1THE 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/FormAndLineReferenceDesc0Form 990, Part VI, Line Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line Line 15a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02444479
IRS990/TotalAssetsEOYAmt03242530
IRS990/TotalAssetsGrp/BOYAmt02444479
IRS990/TotalAssetsGrp/EOYAmt03242530
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0469695
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0494149
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01908903
IRS990/TotalFunctionalExpensesGrp/TotalAmt02403052
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0456467
IRS990/TotalLiabilitiesEOYAmt01063119
IRS990/TotalLiabilitiesGrp/BOYAmt0456467
IRS990/TotalLiabilitiesGrp/EOYAmt01063119
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01988012
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02179411
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt013515
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt013515
IRS990/TotalProgramServiceRevenueAmt02124756
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02124756
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02594451
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02444479
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03242530
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01200 GRIMES BRIDGE ROAD
IRS990/USAddress/CityNm0ROSWELL
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030075
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0ilm-academy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IMRAN BALKHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06786241157
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-15
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/PreparerFirmGrp/PreparerFirmEIN0464921025
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/PreparationDt02024-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Altaf Jangda
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-06-15T06:47:24-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0IMRAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BALKHI
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,242,530
Liabilities
$1,063,119
Net assets
$2,179,411
Revenue
$2,594,451
Expenses
$2,403,052
Net income
$191,399
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
2023Detailed filing. Detailed filing data is available for this year.$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
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