Civic Intelligence

The Eagle Institute

990 • Fiscal year 2020 • EIN 90-0416156

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

6200 Virginia AveMcKinney, TX 75071

(214) 491-6090

Siviq Scores

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

Liabilities / Assets

80th percentile

0.48x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.17x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$41,577

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2020

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2020

Assets

Up

$1,732,479

Up $775,186 (+81%) from 2017

Net Assets

Up

$892,561

Up $528,356 (+145%) from 2017

Liabilities

Up

$839,918

Up $246,830 (+42%) from 2017

Revenue

Up

$719,727

Up $246,988 (+52%) from 2017

Expenses

Up

$547,506

Up $165,075 (+43%) from 2017

Net Income

Up

$172,221

Up $81,913 (+91%) from 2017

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

2020

Assets$1,732,479
Liabilities$839,918
Net Assets$892,561

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

2020

Revenue$719,727
Expenses$547,506
Net Income$172,221
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$719,727
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 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 local community center, that furthers the educational foundation's goals to provide services for the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$947,166$1,029,302▲ $82,136
Cash and Non-Interest-Bearing Accounts$231,964$615,915▲ $383,951
Other Notes and Loans Receivable, Net$55,925$78,308▲ $22,383
Accounts Receivable$1,396$1,396→ $0
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Inventories for Sale or Use-$0-
Loans From Officers Directors-$0-
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,242,759$1,732,479▲ $489,720
Other Assets Total$6,308$7,558▲ $1,250
Liabilities
Unsecured Notes Loans Payable$486,613$822,017▲ $335,404
Accounts Payable and Accrued Expenses$35,804$17,901▼ $17,903
Grants Payable-$0-
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$522,417$839,918▲ $317,501
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$720,092$892,311▲ $172,219
Net Assets With Donor Restrictions$250$250→ $0
Total Net Assets Fund Balance$720,342$892,561▲ $172,219
Total Liabilities and Net Assets / Fund Balance$1,242,759$1,732,479▲ $489,720

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$207,517$0$0
Other Land Buildings$0$0$0
Land$800,000-$0
Equipment$21,785$4,679$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Asma IsmailAdministratorFT$41,577$41,577

Board Members and Trustees

NameTitle
Farhana QuerishiPresident
Beezer MooljiSecretary/board member
Syed Nabeel HasanyTreasuer/board member
Revenue and Support

Revenue Composition

Contributions and Grants
$361,451
Program Service Revenue
$358,257
Investment Income
$19
Other Revenue
$0
All Other Contributions
$361,451
Change in Net Assets
$172,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$379,516
Other Expenses$167,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,686$0$0$299,686
Occupancy$128,111$0$0$128,111
Current Officers, Directors, Trustees, and Key Employees$41,577$0$0$41,577
Payroll Taxes$26,965$0$0$26,965
Other Employee Benefits$11,288$0$0$11,288
Office Expenses$8,174$0$0$8,174
Depreciation Depletion$4,679$0$0$4,679
Advertising$3,465$0$0$3,465
Information Technology$3,152$0$0$3,152
Insurance$2,894--$2,894
Fees for Services Accounting$2,626$0$0$2,626
Other Expenses$2,124$0$0$2,124
Fees for Services Legal$365$0$0$365
Total Functional Expenses$547,506$0$0$547,506
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
Loans from Officers, Directors, Trustees, and Key Employees-$0-
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
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, Section B, Line 11B

All financials are reviewed by the board at the annual board meeting and ratified. Once ratified, 990 is prepared and submitted for review by the board. Board resolutions approves the 990 and then submitted to IRS

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

Each year the board is requested to clarify their business interests and whether any may result in a conflict of interest. If any conflict of interest may arise, the board member is required to abstain from voting on such items especially related to procurement services.

Form 990, Part VI, Section B, Line 15

The organization has only one key employee and their salary is under market at the moment. It is annually reviewed by the board of directors with industry data and comparable studies publicly available. All other salaries are recommended by the Administrator and approved by the board

Form 990, Part VI, Section C, Line 19

All such documents are available upon request

Filing and Contact Details

Filer

Filer Name
The Eagle Institute
EIN
90-0416156
Phone
2144916090
Address
6200 Virginia Ave, McKinney, TX 75071
Doing Business As
Montessori School of Excellence

Signing Officer

Name
Nabeel Hasany
Title
Treasurer
Phone
8473385206
Signed
2021-11-15

Organization Details

Principal Officer
Syed Nabeel Hasany
Formed
2008
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
19
Volunteers
60
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 1A

12 Acres land were purchased in 2016.

Raw XML AppendixShowing 400 of 533 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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IRS990/ActivityOrMissionDesc0The specific objectives and purposes of this corporation shall be to enhance the educational standards and facilitate high-quality educational practices for 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 local community center, that furthers the educational foundation's goals to provide services for the local community.
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IRS990/Desc0Montessori School of Excellence: The primary program offered by EI is the running of the school. Most of the volunteer's time in the past 7 years have been spent in the creation and establishment of the school. The Montessori teaching method has been implemented in the school with careful review and continues to make progress. 2020 was a critical year where staff was reduced due to COVID protocols however continued in the development of the school. Time was also spent on further development of the primary and elementary curriculum. MSE team continues their work to further develop construction plans for land purchased for the school.
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IRS990/MissionDesc0The 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.
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IRS990/OtherExpensesGrp/Desc3Other Expenses (Dues, Permits & Consulting)
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt06631
IRS990/OtherExpensesGrp/ProgramServicesAmt11078
IRS990/OtherExpensesGrp/ProgramServicesAmt24691
IRS990/OtherExpensesGrp/ProgramServicesAmt32124
IRS990/OtherExpensesGrp/TotalAmt06631
IRS990/OtherExpensesGrp/TotalAmt11078
IRS990/OtherExpensesGrp/TotalAmt24691
IRS990/OtherExpensesGrp/TotalAmt32124
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0299686
IRS990/OtherSalariesAndWagesGrp/TotalAmt0299686
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt055925
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt078308
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt026965
IRS990/PayrollTaxesGrp/TotalAmt026965
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Syed Nabeel Hasany
IRS990/PriorPeriodAdjustmentsAmt0-2
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Montessori School of Excellence
IRS990/ProgramServiceRevenueGrp/Desc1Parenting Workshops
IRS990/ProgramServiceRevenueGrp/Desc2After School Program
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0354477
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22970
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0354477
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22970
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Summer Children Programs were offered where children from local public schools, MSE or from homeschooling were shown behavioral examples and to go out and help in the community. Several day's activities where all the children attended, old people's home to assist the individuals there and clean up garbage from local parks or cleaning the local masjid. No expenses as most of the cost were borne by volunteers and not submitted for reimbursement or requested tax donations.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Parenting Workshop: offered full one-day free parenting workshop in 2018. It was again well received and several parents requested additional workshops that have been discussed and plans are to work with another organization to assist and support this activity. Establishment of the school has slowed other projects; a consultant was hired for this purpose.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0400
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0810
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Curriculum Development: Staff and volunteers have continued to work on the modified curriculum for the educational foundation. The curriculum is being piloted with the primary classes and will continued to be developed over the course of the next few years so that it can be marketed to homeschooling families.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0800
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02970
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0275666
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt039
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0170561
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0440252
IRS990/PYRevenuesLessExpensesAmt0161347
IRS990/PYSalariesCompEmpBnftPaidAmt0384049
IRS990/PYTotalExpensesAmt0554610
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0715957
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0172221
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0354477
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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/BookValueAmt0207517
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0207517
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt021785
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04679
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt026464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0800000

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