Hadi School Nfp EIN 83-0367281 Form 990 (PDF) Claim this org

Hadi School Nfp FY2022 filing

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Educates children academically, culturally, and religiously, preparing them for success and good citizenship. For fiscal year 2022 it reported $942K in revenue, $832K in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Schaumburg, IL
Website
www.hadischool.org
Filings
5 on file (2020–2022)
Revenue
$942KFY2022
Expenses
$832K
Net assets
$1.3M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0367281 Public charity (501(c)(3)) Schaumburg, IL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Educates children academically, culturally, and religiously, preparing them for success and good citizenship.
Leadership
Syed Sammer Abbas · Board Member
Money in and out
$942K revenue, $832K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$942K
Pt VIII · Ln 12
Total expenses
$832K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
26.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$942K
FY2022▼ -13%
Expenses
$832K
FY2022▲ +29%
Total assets
$3.2M
FY2022▲ +77%
Total liabilities
$1.9M
FY2022▲ +212%
Total revenue
$942K
Pt VIII · Ln 12
Total expenses
$832K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHadi School Nfp
EINHdr · item D83-0367281
Principal addressHdr · item CSchaumburg, IL
WebsiteHdr · item Jwww.hadischool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $520K of program spending, described in the organization's own filed words · FY2022.
01

Hadi school is a full time elementary school serving children ages 3 to 14 years of age. We follow the illinois state standards for curriculum development for grades preschool preschool to 8TH grade.

$520Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$679K · 72%
Contributions & grants$237K · 25%
Other revenue$25K · 3%
Program service revenue72%$679K
Contributions & grants25%$237K
Other revenue3%$25K
Investment income$1
Total revenueLn 12$942K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$832K
Total functional expensesLn 25$832K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$3.2M
Total liabilitiesLn 26$1.9M
Total net assetsLn 32$1.3M
Months of cash on handcomputed26.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $832K
26.6 months
Where the money goes
Program services
Program services $832K · Total expenses $832K
100%
Management & General
Management & general $0 · Total expenses $832K
0%
Fundraising
Fundraising $0 · Total expenses $832K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $140K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $237K · Total revenue $942K
25%
Government reliance
Government grants — · Total revenue $942K
Earned-income share
Program service revenue $679K · Total revenue $942K
72%
Investment reliance
Investment income $1 · Total revenue $942K
<0.01%
Program self-sufficiency
Program service revenue $679K · Total expenses $832K
82%
Growth & trend
Revenue growth (YoY)
This year $942K · Prior year $1.1M
-13%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $942K · Expenses $832K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $1.3M · Total assets $3.2M
41%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Syed Sammer Abbas · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $832K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $563K · Total expenses $832K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -13%
Legal fee ratio 0.02%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$12K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$942K revenue · viewing · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$508K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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