Civic Intelligence

Crescent Academy

990 • Fiscal year 2022 • EIN 83-1524478

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileN/A
PO Box 26943San Diego, CA 92126

(858) 610-6626

Siviq Scores

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

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

97th percentile

89%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

93rd percentile

91%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

126%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$2,936,835

Up $1,401,081 (+91%) from 2021

Net Assets

Up

$2,793,639

Up $1,925,755 (+222%) from 2021

Liabilities

Down

$143,196

Down $524,674 (-79%) from 2021

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin97th percentile

Revenue

Up

$2,162,501

Up $1,204,964 (+126%) from 2021

Expenses

Up

$236,746

Up $106,052 (+81%) from 2021

Net Income

Up

$1,925,755

Up $1,098,912 (+133%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $41,041Liabilities 2020: $0Net Assets 2020: $41,0412020Assets 2021: $1,535,754Liabilities 2021: $667,870Net Assets 2021: $867,8842021Assets 2022: $2,936,835Liabilities 2022: $143,196Net Assets 2022: $2,793,6392022Assets 2023: $2,847,121Liabilities 2023: $63,196Net Assets 2023: $2,783,9252023Assets 2024: $3,453,996Liabilities 2024: $31,896Net Assets 2024: $3,422,1002024

Highlighted filing

2022

Assets$2,936,835
Liabilities$143,196
Net Assets$2,793,639
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $99,453Expenses 2020: $71,158Net Income 2020: $28,2952020Revenue 2021: $957,537Expenses 2021: $130,694Net Income 2021: $826,8432021Revenue 2022: $2,162,501Expenses 2022: $236,746Net Income 2022: $1,925,7552022Revenue 2023: $335,567Expenses 2023: $345,281Net Income 2023: -$9,7142023Revenue 2024: $1,117,693Expenses 2024: $479,518Net Income 2024: $638,1752024

Highlighted filing

2022

Revenue$2,162,501
Expenses$236,746
Net Income$1,925,755
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$2,262,832
Mission and Program Overview

Mission

The organization's primary exemption purpose is to operate a full time primary and secondary school with an emphasis on religious education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$2,490,617-
Cash and Non-Interest-Bearing Accounts$1,435,754$400,910▼ $1,034,844
Intangible Assets-$45,308-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,535,754$2,936,835▲ $1,401,081
Other Assets Total$100,000$0▼ $100,000
Liabilities
Unsecured Notes Loans Payable$667,870$143,196▼ $524,674
Total Liabilities$667,870$143,196▼ $524,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$867,884$2,793,639▲ $1,925,755
Total Net Assets Fund Balance$867,884$2,793,639▲ $1,925,755
Total Liabilities and Net Assets / Fund Balance$1,535,754$2,936,835▲ $1,401,081

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,967,177$40,823$2,008,000
Land$502,000-$502,000
Other Land Buildings$13,554$3,389$16,943
Equipment$7,886$1,972$9,858
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Ahmad Shakib NawabiPresident & CEO
Ilyas Ahmad ZahirCFO
Zaheer ShaheerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,196,478
Program Service Revenue
$35,250
Investment Income
$-69,227
Other Revenue
$0
All Other Contributions
$2,196,478
Change in Net Assets
$1,925,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,136
Salaries, Compensation, and Employee Benefits$56,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$53,277$5,920-$59,197
Depreciation Depletion$43,965$4,884-$48,849
Current Officers, Directors, Trustees, and Key Employees$23,048$23,049-$46,097
Fees for Services Other$18,810$2,090-$20,900
Payroll Taxes$9,462$1,051-$10,513
Insurance$3,210$357-$3,567
All Other Expenses$2,748$306-$3,054
Office Expenses$2,464$274-$2,738
Fees for Services Accounting$2,430$270-$2,700
Other Expenses$1,936$215-$2,151
Total Functional Expenses$194,632$42,114$0$236,746
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Section B, Line 11B

“The Board of Directors review Form 990 before it is signed and filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its tax returns (print or electronic version) available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Crescent Academy
EIN
83-1524478
Phone
8586106626
Address
PO Box 26943, San Diego, CA 92126

Signing Officer

Name
Ahmad Shakib Nawabi
Title
President & CEO
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahmad Shakib Nawabi
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Khan CPA Corporation
Address
2121 AVE OF THE STARS SUITE 800, LOS ANGELES, CA 90067
Preparer
Ehsan Khan CPA
Phone
3102862727
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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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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsEOYAmt02936835
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IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042114
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0194632
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236746
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02793639
IRS990/TotalProgramServiceExpensesAmt0194632
IRS990/TotalProgramServiceRevenueAmt035250
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02162501
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01535754
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02936835
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0667870
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0143196
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 26943
IRS990/USAddress/CityNm0San Diego
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092126
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ahmad Shakib Nawabi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Crescent Academy
ReturnHeader/Filer/BusinessNameControlTxt0CRES
ReturnHeader/Filer/EIN0831524478
ReturnHeader/Filer/PhoneNum08586106626
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 26943
ReturnHeader/Filer/USAddress/CityNm0San Diego
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092126
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954634057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KHAN CPA CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02121 AVE OF THE STARS SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090067
ReturnHeader/PreparerPersonGrp/PhoneNum03102862727
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ehsan Khan CPA
ReturnHeader/ReturnTs02023-11-13T15:22:16-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Ahmad Shakib
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Nawabi
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,936,835
Liabilities
$143,196
Net assets
$2,793,639
Revenue
$2,162,501
Expenses
$236,746
Net income
$1,925,755
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.45$0.03$3.42$1.12$0.48$0.64
2023Detailed filing. Detailed filing data is available for this year.$2.85$0.06$2.78$0.34$0.35$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.94$0.14$2.79$2.16$0.24$1.93
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.67$0.87$0.96$0.13$0.83
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.10$0.07$0.03
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