To reach for academic and ethical excellence through high quality education, professional and safe environment equipped with state-of-the art facilities, and a highly qualified team of experts to represent the vision.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average surplus $97K a year · 3% of revenue · last 7 filings
Worth a look: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $412K in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $412K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $324K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.8M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
-29% vs prior year
Spent
$3.5M
To programs
87%
Net assets
$8.0M
By yearFY2019–FY2025
Revenue
$3.0M
FY2022▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2019$3.9M
FY2020$1.8M
FY2021$4.2M
FY2022$3.0M
FY2023$4.2M
FY2024$3.2M
FY2025$3.8M
Expenses
$3.5M
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2019$3.2M
FY2020$2.3M
FY2021$3.0M
FY2022$3.5M
FY2023$3.7M
FY2024$3.8M
FY2025$4.0M
Net assets
$8.0M
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2019$8.1M
FY2020$7.7M
FY2021$8.5M
FY2022$8.0M
FY2023$8.4M
FY2024$7.9M
FY2025$7.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.1M Management & general 13% · $438K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Hassanain Rajabali’s $31K as President is at the 4th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Hassanain Rajabali$31,154$27,692

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wise Learning Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides high-quality education and a safe environment for academic and ethical excellence.

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2022
01

Wise enrolled more than 380 students in school year 2020-2022

$3.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Camp TahaFY2024$23K
Total grants receivedfrom 3 funders$324K
See all 3 funders →
Grants paid · 4 grants · $141K · 2024–2025
Unitemized GrantFY2025$32,500
Wise Academy INCFL · FY2025$21,435
Unitemized GrantFY2025$1,500
Wise Academy INCFL · FY2024$85,650

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$417K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$438K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$11.7M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Fees for servicesLn 2g$2.5M
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$220K
Cash and savings togetherLn 1–2$220K
InvestmentsLn 11–13$412K
Land, buildings, equipmentLn 10c$10.8M
Total assetsLn 16$11.7M
LiabilitiesLn 26$3.8M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 586
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$698K$220K
InvestmentsLn 11–13$412K$412K
Land, buildings, equipmentLn 10c$11.1M$10.8M
Total assetsLn 16$12.6M$11.7M
LiabilitiesLn 26$4.0M$3.8M
Net assetsLn 32$8.5M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.4M$1.4M
Payroll taxesLn 10$121K$121K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$364K$364K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$50K$50K
Information technologyLn 14$10K$10K
TravelLn 17$45K$45K
InterestLn 20$200K$200K
Depreciation, depletion and amortizationLn 22$875K$438K$438K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$385K$385K
Total functional expensesLn 25$3.5M$3.1M$438K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.8M$4.0M−$193K$7.7M 990 PDF
FY2024 $3.2M$3.8M−$542K$7.9M 990 PDF
FY2023 $4.2M$3.7M$468K$8.4M 990 PDF
FY2022 Viewing $3.0M$3.5M−$541K$8.0M 990 PDF
FY2021 $4.2M$3.0M$1.2M$8.5M 990 PDF
FY2020 $1.8M$2.3M−$432K$7.7M 990 PDF
FY2019 $3.9M$3.2M$738K$8.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,950,620 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $451,400$416,852
I-9 Program service revenuePrior year $2,988,497$2,533,768
I-10 Investment income$0
I-11 Other revenuePrior year $711,171$0
I-12 Total revenuePrior year $4,151,068$2,950,620
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,228,737$1,497,624
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,741,756$1,994,105
I-18 Total expensesPrior year $2,970,493$3,491,729
I-19 Revenue less expensesPrior year $1,180,575−$541,109
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,950,620 across 4 lines filed
VIII-1f All other contributions, gifts and grants$416,852
VIII-1h Total contributions, gifts and grants$416,852
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,533,768$2,533,768
VIII-12 Total revenueRelated to mission $2,533,768 · Unrelated business $0 · Excluded from tax $0$2,950,620
Part IX · Statement of functional expenses $3,491,729 across 12 lines filed
IX-7 Other salaries and wagesPrograms $1,376,921$1,376,921
IX-10 Payroll taxesPrograms $120,703$120,703
IX-11c Accounting feesPrograms $21,426$21,426
IX-11g Other fees for servicesPrograms $364,100$364,100
IX-12 Advertising and promotionPrograms $5,637$5,637
IX-13 Office expensesPrograms $50,485$50,485
IX-14 Information technologyPrograms $9,836$9,836
IX-17 TravelPrograms $44,641$44,641
IX-20 InterestPrograms $200,013$200,013
IX-22 Depreciation, depletion and amortizationPrograms $437,535 · Management $437,535$875,070
IX-23 InsurancePrograms $37,532$37,532
IX-24 Other expenses (24a–d)Programs $385,365$385,365
IX-25 Total functional expensesPrograms $3,054,194 · Management $437,535 · Fundraising $0$3,491,729
Part X · Balance sheet $11,749,522 assets, 11 lines filed
Asset lines not itemized here account for $34,650; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $697,573$219,523
X-4 Accounts receivableStart of year $209,083$194,012
X-9 Prepaid expenses and deferred charges$585
X-10c Land, buildings and equipment, netStart of year $11,119,298$10,799,793
X-13 Program-related investmentsStart of year $411,615$411,615
X-14 Intangible assetsStart of year $89,344$89,344
X-16 Total assetsStart of year $12,561,563$11,749,522
X-25 Other liabilities$82,271
X-26 Total liabilitiesStart of year $4,049,326$3,778,394
X-32 Total net assets or fund balancesStart of year $8,512,237$7,971,128
X-33 Total liabilities and net assetsStart of year $12,561,563$11,749,522
Part XI · Reconciliation of net assets $7,971,128 net assets at year end
XI-1 Total revenue$2,950,620
XI-2 Total expenses$3,491,729
XI-3 Revenue less expenses−$541,109
XI-4 Net assets at start of year$8,512,237
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,971,128

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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