Itsamvtinc

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The mission of ITSAMVT INC is to empower communities through education and development by operating MY ACADEMY MY COLLEGE MY UNIVERSITY and other initiatives. We aim to cultivate good citizens who embody academic excellence moral values American principles and community engagement following the Prophetic example of kindness and respect.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-1522506) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $20K a year · 2% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$352K
146% of total assets
Liabilities are 146% of assets.
Pt X · Ln 26
Independent board members
1
of 4 voting members
1 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.5M
+186% vs prior year
Spent
$1.5M
To programs
98%
Net assets
−$111K
By yearFY2024–FY2025
Revenue
$1.5M
FY2025▲ +186%
Tap a bar for its year
Revenue by fiscal year
FY2024$513K
FY2025$1.5M
Expenses
$1.5M
FY2025▲ +186%
Tap a bar for its year
Expenses by fiscal year
FY2024$523K
FY2025$1.5M
Net assets
−$111K
FY2025▼ -1038%
Tap a bar for its year
Net assets by fiscal year
FY2024−$10K
FY2025−$111K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2022.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.5M Management & general 2% · $29K

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

4 people listed on the 990; $158K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
IT System Admin
$60,651Pt VII · Sec A
Principal
$58,147Pt VII · Sec A
Facility Director
$38,901Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Wael Obeid’s $61K as IT System Admin is at the 21st percentile of top reported officer pay among 1636 $1–10M religion 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 · 3 named individuals · Part VII

NameFY2025FY2024
Wael Obeid$60,651$24,294
Mohamed Arab$58,147$24,430
Essa Arab$38,901—

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 Itsamvtinc executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers communities through education and development, cultivating good citizens.

Questions for Itsamvtinc

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Your first name shows with your question. Itsamvtinc answers here, for everyone.

1 program · $1.5M · in their own filed words · FY2025
01

In 2024 MY ACADEMY a prominent private Islamic school in Jacksonville FL enhanced its K-12 education by integrating Islamic values. The school grew its facilities introduced specialized programs and planned to offer transportation services for wider student accessibility emphasizing personalized learning and community impact to develop…

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-1522506) · Dispute this line
$1.5Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$15K
Investment incomeLn 3$2K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$29K
Owns and owesPt X
−$111K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$240K
LiabilitiesLn 26$352K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Government grantsLn 1e$0
Noncash giftsLn 1g$965
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Notes and loans receivableLn 7$234K
Inventories for sale or useLn 8$2K
Total assetsLn 16$240K
LiabilitiesLn 26$352K
Net assetsLn 32−$111K
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$69K$4K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$280K$240K
LiabilitiesLn 26$280K$352K
Net assetsLn 32$0−$111K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$158K$158K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$426K$426K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$44K$44K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$12K$0$12K$0
Accounting feesLn 11c$2K$0$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$212K$212K$0$0
Advertising and promotionLn 12$21K$21K$0$0
Office expensesLn 13$56K$46K$10K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$445K$445K$0$0
TravelLn 17$34$34$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$5K$0$5K$0
Other expenses (24a–d)Ln 24$116K$116K$0$0
All other expensesLn 24e−$2K−$2K$0$0
Total functional expensesLn 25$1.5M$1.5M$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jun 11, 2026 $1.5M$1.5M−$30K−$111K 990 PDF
FY2024Filed with the IRS May 14, 2025 $513K$523K−$10K−$10K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments E · Schools O · Explanations
See the full FY2025 990
Part I · Summary $1,465,127 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,755$14,919
I-9 Program service revenuePrior year $499,774$1,447,778
I-10 Investment incomePrior year $0$2,430
I-11 Other revenuePrior year $265$0
I-12 Total revenuePrior year $512,794$1,465,127
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $359,971$627,913
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $162,609$867,663
I-18 Total expensesPrior year $522,580$1,495,576
I-19 Revenue less expensesPrior year −$9,786−$30,449
Part VI · Governance 1 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,465,127 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$14,919
VIII-1g Noncash contributions (included above)$965
VIII-1h Total contributions, gifts and grants$14,919
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,447,778 · Unrelated business $0 · Excluded from tax $0$1,447,778
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $2,430 · Excluded from tax $0$2,430
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,447,778 · Unrelated business $2,430 · Excluded from tax $0$1,465,127
Part IX · Statement of functional expenses $1,495,576 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $157,699 · Management $0 · Fundraising $0$157,699
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $426,012 · Management $0 · Fundraising $0$426,012
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $44,202 · Management $0 · Fundraising $0$44,202
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $11,899 · Fundraising $0$11,899
IX-11c Accounting feesPrograms $0 · Management $2,222 · Fundraising $0$2,222
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $212,186 · Management $0 · Fundraising $0$212,186
IX-12 Advertising and promotionPrograms $21,284 · Management $0 · Fundraising $0$21,284
IX-13 Office expensesPrograms $45,832 · Management $10,029 · Fundraising $0$55,861
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $444,584 · Management $0 · Fundraising $0$444,584
IX-17 TravelPrograms $34 · Management $0 · Fundraising $0$34
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $5,234 · Fundraising $0$5,234
IX-24 Other expenses (24a–d)Programs $116,499 · Management $0 · Fundraising $0$116,499
IX-24e All other expensesPrograms −$2,140 · Management $0 · Fundraising $0−$2,140
IX-25 Total functional expensesPrograms $1,466,192 · Management $29,384 · Fundraising $0$1,495,576
Part X · Balance sheet $240,254 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $69,014$4,233
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $209,010$233,809
X-8 Inventories for sale or useStart of year $2,212$2,212
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $280,236$240,254
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $219,968$219,918
X-25 Other liabilitiesStart of year $60,268$131,666
X-26 Total liabilitiesStart of year $280,236$351,584
X-27 Net assets without donor restrictionsStart of year $0−$111,330
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0−$111,330
X-33 Total liabilities and net assetsStart of year $280,236$240,254
Part XI · Reconciliation of net assets −$111,330 net assets at year end
XI-1 Total revenue$1,465,127
XI-2 Total expenses$1,495,576
XI-3 Revenue less expenses−$30,449
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$80,881
XI-10 Net assets at end of year−$111,330

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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