Civic Intelligence

Wise Academy Inc

EIN 84-2921627 • 501(c)3 • Streamwood, IL

Pub. 78 Eligible990-N CoverageNTEE O99

Profile

Wise academy, inc. Offers part-time supplemental religious studies and educational services for students who attend public or secular schools in grades pre-k to 12th grade. This program will take place on weekends for several hours at a time.

513 Wildflower WayStreamwood, IL 60107-3389

www.thewiseacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

88th percentile

65%

Higher net margin than 88% of similar nonprofits.

NTEE O99 • <$500k nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE O99 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$109,853

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$109,853

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin88th percentile

Revenue

$99,962

No earlier filing loaded for comparison.

Expenses

$35,280

No earlier filing loaded for comparison.

Net Income

$64,682

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2023: $109,853Net Assets 2023: $109,8532023

Highlighted filing

2023

Assets$109,853
Liabilities-
Net Assets$109,853
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2023: $99,962Expenses 2023: $35,280Net Income 2023: $64,6822023

Highlighted filing

2023

Revenue$99,962
Expenses$35,280
Net Income$64,682
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$109,853
Liabilities
-
Net assets
$109,853
Revenue
$99,962
Expenses
$35,280
Net income
$64,682
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.10$1.10$1.00$0.35$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 20, 2023
Return Version
2022v5.0
Gross Receipts
$101,848
Mission and Program Overview

Mission

Wise academy, inc. Offers part-time supplemental religious studies and educational services for students who attend public or secular schools in grades pre-k to 12th grade. This program will take place on weekends for several hours at a time.

Program Services

DescriptionGrantsExpenses
SUCCESSFULLY IMPARTED THE MORAL AND RELIGIOUS EDUCATION TO 170 STUDENTS AS PART OF OUR SCHOOL'S CURRICULUM.$100$34,634
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SAMANA KHANPresidentPT$0--
FAIZA WASIFVice PresidePT$0--
SYED AIYAZ AHMEDTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Wise Academy Inc
EIN
84-2921627
Phone
8477644935
Address
513 WILDFLOWER WAY, STREAMWOOD, IL 60107-3389

Signing Officer

Name
Syed Aiyaz Ahmed
Title
Treasurer
Phone
8477644935
Signed
2023-12-20

Preparer

Firm
Brytebridge Consulting LLC
Address
7021 UNIVERSITY BLVD, WINTER PARK, FL 32792-6719
Preparer
Kendra N Winters
Phone
4077583362
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses subscriptions 2,877 school mgmt software 984 school insurance 476 school events 7,262 textbooks 5,080 supplies 2,348 snacks 2,323 equipment 2,060 volunteer gifts 1,374 fees & registrations 48 total 24,832”

Form 990-ez, Part I, Line 20

“RECONCILIATION 302”

Form 990-ez, Part III

“Wise academy, inc. Offers part-time supplemental religious studies and educational services for students who attend public or secular schools in grades pre-k to 12th grade. This program will take place on weekends for several hours at a time.”

Raw XML Appendix116 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0SYED AIYAZ AHMED
IRS990EZ/BooksInCareOfDetail/PhoneNum08477644935
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0513 WILDFLOWER WAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STREAMWOOD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0601073389
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt044869
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0109853
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt01886
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt064682
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0598
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossSalesOfInventoryAmt02298
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt044869
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0109853
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0109853
IRS990EZ/OccupancyRentUtltsAndMaintAmt09750
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SAMANA KHAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0302
IRS990EZ/OtherExpensesTotalAmt024832
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0WISE ACADEMY, INC. OFFERS PART-TIME SUPPLEMENTAL RELIGIOUS STUDIES AND EDUCATIONAL SERVICES FOR STUDENTS WHO ATTEND PUBLIC OR SECULAR SCHOOLS IN GRADES PRE-K TO 12TH GRADE. THIS PROGRAM WILL TAKE PLACE ON WEEKENDS FOR SEVERAL HOURS AT A TIME.
IRS990EZ/ProgramServiceRevenueAmt099550
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUCCESSFULLY IMPARTED THE MORAL AND RELIGIOUS EDUCATION TO 170 STUDENTS AS PART OF OUR SCHOOL'S CURRICULUM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0100
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt034634
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt035280
IRS990EZ/TotalProgramServiceExpensesAmt034634
IRS990EZ/TotalRevenueAmt099962
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.THEWISEACADEMY.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0101848
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SUBSCRIPTIONS 2,877 SCHOOL MGMT SOFTWARE 984 SCHOOL INSURANCE 476 SCHOOL EVENTS 7,262 TEXTBOOKS 5,080 SUPPLIES 2,348 SNACKS 2,323 EQUIPMENT 2,060 VOLUNTEER GIFTS 1,374 FEES & REGISTRATIONS 48 TOTAL 24,832
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION 302
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WISE ACADEMY, INC. OFFERS PART-TIME SUPPLEMENTAL RELIGIOUS STUDIES AND EDUCATIONAL SERVICES FOR STUDENTS WHO ATTEND PUBLIC OR SECULAR SCHOOLS IN GRADES PRE-K TO 12TH GRADE. THIS PROGRAM WILL TAKE PLACE ON WEEKENDS FOR SEVERAL HOURS AT A TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReasonableCauseExplanation/ExplanationTxt0THE ORGANIZATION WAS UNAWARE OF THE FILING REQUIREMENTS AND DUE DATE, AS WELL AS THE NEED TO KEEP ADEQUATE BOOKS AND RECORDS ON AN ONGOING BASIS, AND THUS HAVE RESOLVED TO UNDERTAKE THE FORM 990 EACH YEAR WITHIN 90 DAYS AFTER THE END OF THE FISCAL YEAR. IN ADDITION, EACH THAT QUARTER OUR BOARD WILL REVIEW THE IRS WEBSITE AND EXEMPT ORGANIZATIONS UPDATE TO ENSURE NO CHANGES HAVE OCCURRED IN REGARD TO OUR ANNUAL COMPLIANCE REQUIREMENT.
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SYED AIYAZ AHMED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08477644935
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WISE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0WISE
ReturnHeader/Filer/EIN0842921627
ReturnHeader/Filer/PhoneNum08477644935
ReturnHeader/Filer/USAddress/AddressLine1Txt0513 WILDFLOWER WAY
ReturnHeader/Filer/USAddress/CityNm0STREAMWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0601073389
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843085028
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRYTEBRIDGE CONSULTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07021 UNIVERSITY BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINTER PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0327926719
ReturnHeader/PreparerPersonGrp/PhoneNum04077583362
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENDRA N WINTERS
ReturnHeader/ReturnTs02023-12-20T17:39:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SYED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AIYAZ AHMED
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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