Civic Intelligence

The Eagle Institute

990 • Fiscal year 2014 • EIN 90-0416156

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 14, 2015

1871 Harroun Ave Suite 200McKinney, TX 75069

(972) 914-9230

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

78th percentile

$9,768

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

$124,356

No earlier filing loaded for comparison.

Net Assets

$121,941

No earlier filing loaded for comparison.

Liabilities

$2,415

No earlier filing loaded for comparison.

Revenue

$226,761

No earlier filing loaded for comparison.

Expenses

$198,652

No earlier filing loaded for comparison.

Net Income

$28,109

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $124,356Liabilities 2014: $2,415Net Assets 2014: $121,9412014Assets 2015: $354,083Liabilities 2015: $230,744Net Assets 2015: $123,3392015Assets 2016: $894,528Liabilities 2016: $609,033Net Assets 2016: $285,4952016Assets 2017: $957,293Liabilities 2017: $593,088Net Assets 2017: $364,2052017Assets 2020: $1,732,479Liabilities 2020: $839,918Net Assets 2020: $892,5612020Assets 2021: $1,872,707Liabilities 2021: $674,044Net Assets 2021: $1,198,6632021Assets 2022: $2,039,203Liabilities 2022: $804,539Net Assets 2022: $1,234,6642022Assets 2023: $2,400,222Liabilities 2023: $1,243,776Net Assets 2023: $1,156,4462023Assets 2024: $4,833,780Liabilities 2024: $3,538,523Net Assets 2024: $1,295,2572024

Highlighted filing

2014

Assets$124,356
Liabilities$2,415
Net Assets$121,941

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $226,761Expenses 2014: $198,652Net Income 2014: $28,1092014Revenue 2015: $262,008Expenses 2015: $260,608Net Income 2015: $1,4002015Revenue 2016: $486,037Expenses 2016: $324,210Net Income 2016: $161,8272016Revenue 2017: $472,739Expenses 2017: $382,431Net Income 2017: $90,3082017Revenue 2020: $719,727Expenses 2020: $547,506Net Income 2020: $172,2212020Revenue 2021: $876,446Expenses 2021: $570,238Net Income 2021: $306,2082021Revenue 2022: $1,190,987Expenses 2022: $985,715Net Income 2022: $205,2722022Revenue 2023: $1,082,330Expenses 2023: $1,160,548Net Income 2023: -$78,2182023Revenue 2024: $1,573,458Expenses 2024: $1,434,647Net Income 2024: $138,8112024

Highlighted filing

2014

Revenue$226,761
Expenses$198,652
Net Income$28,109
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 14, 2015
Return Version
2014v5.0
Gross Receipts
$226,761
Mission and Program Overview

Mission

The specific objectives and purposes of this corporation shall be to enhance the educational standards and facilitate high-quality educational practices for the families using the best methods in education, a key one utilizing the Montessori Method. To establish an efficient and self-sustaining Montessori School incorporating Islamic based knowledge and teachings. To establish a community center that furthers the goals of the organization.

The specific objectives and purposes of this corporation shall be to enhance the educational standards and facilitate high-quality educational practices for homeschooling families using best methods in education, a key one utilizing the Montessori Method. To establish an efficient and self-sustaining Montessori School incorporating Islamic based knowledge and teachings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$73,111$82,190▲ $9,079
Land, Buildings, and Equipment, Net$24,282$22,903▼ $1,379
Accounts Receivable$7,503$19,263▲ $11,760
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$104,896$124,356▲ $19,460
Liabilities
Accounts Payable and Accrued Expenses$11,249$2,094▼ $9,155
Unsecured Notes Loans Payable$65$321▲ $256
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,314$2,415▼ $8,899
Net Assets / Fund Balance
Unrestricted Net Assets$93,582$121,691▲ $28,109
Temporarily Rstr Net Assets$0$250▲ $250
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$93,582$121,941▲ $28,359
Total Liabilities and Net Assets / Fund Balance$104,896$124,356▲ $19,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,385$5,326$26,711
Other Land Buildings$1,518$0$1,518
Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Asma IsmailAdministratorFT$9,768$9,768

Board Members and Trustees

NameTitle
Farhana QuerishiPresident/Chairperson
Beezer MooljiSecretary
Syed Nabeel HasanyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$79,062
Program Service Revenue
$147,699
Investment Income
$0
Other Revenue
$0
All Other Contributions
$78,614
Change in Net Assets
$28,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$126,872
Other Expenses$71,780
Total Fundraising Expense$726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$91,890--$91,890
Occupancy$56,594--$56,594
Payroll Taxes$25,214--$25,214
Current Officers, Directors, Trustees, and Key Employees$9,768--$9,768
Depreciation Depletion$5,326--$5,326
Office Expenses$3,524--$3,524
Fees for Services Other$2,025--$2,025
All Other Expenses$1,763--$1,763
Travel$102--$102
Total Functional Expenses$197,926$0$726$198,652
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$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Section A, Line 4

The number of board of directors were reduced down to 3 due to resignations from chairman and another trustee. The corporate resolution was to keep it at 3 for the current academic year and continue to proceed and invite interest from other possible trustees as incoming trustees. Three potentials have been identified and two will be appointed in the current fiscal year.

Form 990, Part VI, Section A, Line 9

(Syed Nabeel Hasany - Treasurer - 3719 Greenleaf St Skokie IL 60076) (Dr Beezer Moolji - Secretary 3116 Kennedy Dr McKinney TX 75071) (Farhana Querishi - Chairperson/President - 2212 Wisteria Way McKinney TX 75071)

Form 990, Part VI, Section B, Line 11B

The form was created using Form 990 Online, several questions were reviewed and discussed before entering the data for 990 at our weekly and monthly meetings. In addition, all governing members have access to the forms on Form 990 Online site and have reviewed it.

Form 990, Part VI, Section B, Line 12C

All governing members are asked several times for their businesses and whether there may be a potential conflict of interest. So far no conflict of interest has risen. With the hiring of administrator, a contract was signed with conflict of interest policy with her.

Form 990, Part VI, Section B, Line 15

Before the hiring of the administrator position, a market analysis was completed for other schools in the area and compared with the national survey of salaries. Current our salaries are in the mid 40 percentile for all schools. The administrator agreed to the salary due to her personal interest in developing such a program.

Form 990, Part VI, Section C, Line 19

990 Forms are available upon request.

Filing and Contact Details

Filer

Filer Name
The Eagle Institute
EIN
90-0416156
Phone
9729149230
Address
1871 Harroun Ave Suite 200, McKinney, TX 75069
Doing Business As
Montessori School of Excellence

Signing Officer

Name
Nabeel Hasany
Title
Treasurer
Phone
9729149230
Signed
2015-08-14

Organization Details

Principal Officer
Syed Nabeel Hasany
Formed
2009
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
8
Volunteers
20
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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/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt079062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt018402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt038881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt047841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0196596
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt0196596
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt079062
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018402
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt038881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt047841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt012410
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0196596
IRS990ScheduleA/TotalSupportAmt0196596
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt021385
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05326
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026711
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01518
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01518
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022903
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0As the school program is really small and does not have that much funding therefore most of the promotion is through email and website. The statement included is Montessori School of Excellence does not discriminate on the basis of race, color, national origin, sex, disability, religion, or child's parents' marital status in its admissions policy or educational programs. Due to lack of funds no newspaper advertisement was completed this academic year.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The number of board of directors were reduced down to 3 due to resignations from chairman and another trustee. The corporate resolution was to keep it at 3 for the current academic year and continue to proceed and invite interest from other possible trustees as incoming trustees. Three potentials have been identified and two will be appointed in the current fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(Syed Nabeel Hasany - Treasurer - 3719 Greenleaf St Skokie IL 60076) (Dr Beezer Moolji - Secretary 3116 Kennedy Dr McKinney TX 75071) (Farhana Querishi - Chairperson/President - 2212 Wisteria Way McKinney TX 75071)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form was created using Form 990 Online, several questions were reviewed and discussed before entering the data for 990 at our weekly and monthly meetings. In addition, all governing members have access to the forms on Form 990 Online site and have reviewed it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All governing members are asked several times for their businesses and whether there may be a potential conflict of interest. So far no conflict of interest has risen. With the hiring of administrator, a contract was signed with conflict of interest policy with her.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Before the hiring of the administrator position, a market analysis was completed for other schools in the area and compared with the national survey of salaries. Current our salaries are in the mid 40 percentile for all schools. The administrator agreed to the salary due to her personal interest in developing such a program.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5990 Forms are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00

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