Itsamvtinc EIN 87-1522506 Form 990 (PDF) Claim this org

Itsamvtinc

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Empowers communities through education and development, cultivating good citizens. For fiscal year 2025 it reported $1.5M in revenue, $1.5M in expenses, and $-111K in net assets.Pt I

Founded
2021
Type
Religious organization · Religion
Location
Jacksonville, FL
Filings
2 on file (2024–2025)
Revenue
$1.5MFY2025
Expenses
$1.5M
Net assets
$-111K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  87-1522506 Religious organization Jacksonville, FL Founded 2021
Form 990 (PDF)
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Size
$1–10M
What they do
Empowers communities through education and development, cultivating good citizens.
Leadership
Wael Obeid · IT System Admin · $61K
Money in and out
$1.5M revenue, $1.5M expenses
Bottom line
98% program efficiency
Where the money goes · FY2025
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$-111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$30K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year▼ -9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.5M
FY2025▲ +186%
Expenses
$1.5M
FY2025▲ +186%
Total assets
$240K
FY2025
Total liabilities
$352K
FY2025▲ ×36
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$-111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$30K
Total assetsPt X · Ln 16$240K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CItsamvtinc
EINHdr · item D87-1522506
Principal addressHdr · item CJacksonville, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X40)
Ruling yearIRS BMFJul 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b1
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 2Yes

Officers, Directors & Key Employees

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 1637 $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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's 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…

$1.5Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.4M · 99%
Contributions & grants$15K · 1%
Program service revenue99%$1.4M
Contributions & grants1%$15K
Investment income$2K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.5M
Management & general2%$29K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$240K
Total liabilitiesLn 26$352K
Total net assetsLn 32$-111K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses (Pt IX) $1.5M · Less non-cash grants $965 · Cash operating expenses/yr $1.5M
0.0 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.5M
98%
Management & General
Management & general $29K · Total expenses $1.5M
2%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $14K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $1.5M
1%
Government reliance
Government grants $0 · Total revenue $1.5M
0%
Earned-income share
Program service revenue $1.4M · Total revenue $1.5M
99%
Investment reliance
Investment income $2K · Total revenue $1.5M
+0.2%
Program self-sufficiency
Program service revenue $1.4M · Total expenses $1.5M
97%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $513K
+186%
Net-asset trend (YoY)
End of year $-111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.5M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $240K
Net-asset ratio
Net assets $-111K · Total assets $240K
-46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $240K
0%
People & payroll
Highest Reported Total Compensation
Individual Wael Obeid · Reported title IT System Admin · Highest reported compensation $61K · Total expenses $1.5M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $628K · Total expenses $1.5M
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth 186%

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.

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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
FY2025 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2024$513K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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